 |
Louisiana Light • 3 days | 87.12 | +0.03 | +0.03% | ||
|
Bonny Light • 24 hours | 89.32 | +0.45 | +0.51% | ||
|
Opec Basket • 3 days | 86.51 | -1.01 | -1.15% | ||
|
Mars US • 173 days | 77.26 | -1.51 | -1.92% | ||
|
Gasoline • 11 mins | 2.743 | +0.008 | +0.30% |
|
Bonny Light • 24 hours | 89.32 | +0.45 | +0.51% | ||
|
Girassol • 24 hours | 89.90 | +0.45 | +0.50% | ||
|
Opec Basket • 3 days | 86.51 | -1.01 | -1.15% |
|
Peace Sour • 23 hours | 76.56 | +1.46 | +1.94% | ||
|
Light Sour Blend • 23 hours | 79.61 | +1.46 | +1.87% | ||
|
Syncrude Sweet Premium • 23 hours | 86.56 | +1.46 | +1.72% | ||
|
Central Alberta • 23 hours | 76.96 | +1.46 | +1.93% |
|
Eagle Ford • 3 days | 79.33 | -0.29 | -0.36% | ||
|
Oklahoma Sweet • 6 days | 79.75 | +0.50 | +0.63% | ||
|
Kansas Common • 2 days | 73.50 | +0.50 | +0.68% | ||
|
Buena Vista • 3 days | 87.02 | -0.29 | -0.33% |
Namibia Racks Up Another Major Offshore Oil Discovery
Shares of Portuguese integrated energy…
Big Oil’s Carbon Capture Conundrum
Energy experts and environmentalists express…
Energy / Crude Oil
China to Refill Oil Reserves Following 2023 Drawdown
It's not just the US that is in desperate need of refilling its strategic oil reserve after Biden drained it to score some quick political points ahead of…
Saudi Oil Flow Continues Through Red Sea Despite Regional Conflict
China and Russia aren't the only countries being given a "pass" from Yemen's Houthi rebels, but Saudi Arabia is also exporting crude oil…
Libya Eyes Oil Comeback Despite Political Divide
Over the last decade, Libya has struggled to get its oil industry back on track due to political disruptions and a lack of foreign investment in the sector. Years of…
India to Become Single Most Important Driver of Oil Demand Growth
Before the end of this decade, the world’s third-largest crude oil importer, India, is set to become the single biggest driver of global oil demand, replacing China, analysts and forecasters…
Oilfield Services Start off Earnings Season with Impressive Results
We are still in the early innings of the earnings season, with only ~15% of S&P 500 companies having returned their Q4 2023 earnings scorecards. According to FactSet data,…
Oil Ticks Higher on Significant Inventory Draw
Crude oil prices today inched higher after the Energy Information Administration reported an inventory draw of 9.2 million barrels for the week to January 19. This compared with…
UK Firms Have Insured Over €120 Billion in Russian Oil
A former Cabinet minister has called on the insurance industry to think on its obligations after it was revealed that UK firms have insured over €120bn worth of…
Traders Turn Bearish on U.S. Oil
Traders are selling West Texas Intermediate futures in anticipation of further strong production growth. As a result, prices are weakening further despite the uncertainty of such an outlook. In fact,…
Denser Texas Crude Leads U.S. Oil Production Growth
Higher production of relatively denser crude oil in Texas, the top oil-producing U.S. state, drove part of the U.S. crude oil output growth last year, the Energy Information Administration (EIA)
China Takes Advantage of Lower Oil Prices to Build Inventories
China is taking advantage of the slide in oil prices, which began in October, to ramp up its stockpiling of cheaper crude. In December alone, China is estimated to have…
E&P Companies Face Tough Year Despite Oil Patch 'Bumper Crop'
The U.S. Energy Industry has defied past norms where declines in drilling and completion activity would quickly result in lower production. Technology has turned that paradigm on its…
Oil Moves Up on Inventory Draw
Crude oil prices inched higher today after the U.S. Energy Information Administration reported an estimated inventory decline of 2.5 million barrels for the week to January 12. This
China Breaks Oil Import Records in Landmark Year
Watching China for a sense of where oil prices are heading has become standard practice among analysts in the past decade—and with a good reason. The Asian powerhouse has become…
Occidental’s CEO Sees Oil Supply Crunch from 2025
The world would find itself short of oil from 2025 onwards as exploration for longer-producing crude reserves is set to lag demand growth, Vicki Hollub, chief executive of Occidental Petroleum,…
Norway To Boost Oil and Gas Exploration
Oil and gas companies plan to boost exploration activity and spending offshore Norway this year as Western Europe’s top oil and gas producer looks to maintain production and…
Argentina's Oil Revolution: Vaca Muerta Shale Fuels Economic Hope
For a decade, Argentina’s governments have viewed the 7.5-million-acre Vaca Muerta, or Dead Cow, shale formation as an economic silver bullet. Since President Cristina de Kirchner nationalized YPF…
Oil Demand Balance More Bullish Than 2023
Last year proved to be another disappointing year for the majority of commodities with everything from oil and gas to grains and base metals recording large declines. Unfortunately for the…
Surging Tanker Rates Make U.S Oil Too Expensive for Asia
The tense situation in the Middle East with constant Houthi attacks on commercial vessels in the Red Sea is upending the global trade of crude oil and petroleum products—again. The…
Platts Survey: OPEC+ Raised Oil Output in December
Crude oil production from the OPEC+ countries increased by 130,000 barrels per day (bpd) to 42.73 million bpd in December 2023, as Iraq and African producers lifted their crude output,…
Traders Speculate on $110 Oil As Middle East Tensions Escalate
While oil prices have been struggling to move above $80 per barrel for weeks, some traders have bet on oil hitting as high as $110 a barrel in the early…
