 |
Louisiana Light • 2 days | 86.60 | -0.08 | -0.09% | ||
|
Bonny Light • 1 day | 88.69 | -0.04 | -0.05% | ||
|
Opec Basket • 2 days | 87.35 | -2.29 | -2.55% | ||
|
Mars US • 168 days | 77.67 | -1.57 | -1.98% | ||
|
Gasoline • 10 hours | 2.710 | -0.003 | -0.13% |
|
Bonny Light • 1 day | 88.69 | -0.04 | -0.05% | ||
|
Girassol • 1 day | 89.20 | -0.10 | -0.11% | ||
|
Opec Basket • 2 days | 87.35 | -2.29 | -2.55% |
|
Peace Sour • 17 hours | 75.30 | -0.05 | -0.07% | ||
|
Light Sour Blend • 17 hours | 78.35 | -0.05 | -0.06% | ||
|
Syncrude Sweet Premium • 17 hours | 85.30 | -0.05 | -0.06% | ||
|
Central Alberta • 17 hours | 75.70 | -0.05 | -0.07% |
|
Eagle Ford • 2 days | 79.21 | +0.04 | +0.05% | ||
|
Oklahoma Sweet • 2 days | 79.25 | +0.00 | +0.00% | ||
|
Kansas Common • 3 days | 73.00 | -2.50 | -3.31% | ||
|
Buena Vista • 3 days | 86.86 | -2.40 | -2.69% |
OPEC+ Faces Fork in the Road
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Zombie Fires Pose Looming Threat to Canada’s Oil and Gas Infrastructure
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Energy / Crude Oil
Putin: Not All OPEC+ Producers Can Ramp Up Output Quickly
Although the OPEC+ alliance is currently ramping up its collective crude oil production slightly above what they had agreed on, not all members of the group can quickly raise their…
Canada’s Oil Industry Is Facing Resistance On All Fronts
According to the International Energy Agency (IEA), Canadian oil is set to decline within the next decade. That has not stopped funding from flooring into new projects however…
Venezuela’s Crumbling Oil Industry Is An Environmental Time Bomb
Venezuela’s profound economic and humanitarian crisis fails to attract the headlines it once did, particularly after the U.S. recognized interim president Juan Gauido’s May 2019 uprising failed. While…
Oil Rebounds On Surprise Crude Inventory Draw
A week after it reported a sizeable oil inventory build that pushed prices lower for a while, the EIA today said crude oil had last week shed 400,000…
Excitement Builds As Big Oil Prepares To Release Earnings
Third-quarter 2021 earnings season is about to hit high gear, with 72 S&P 500 companies set to report this week. Among them are
Biden Administration Begs OPEC For More Oil
The Biden administration is not giving up on its attempts to convince OPEC that it needs to pump more oil as retail fuel prices remain uncomfortably high across the United…
Permian Oil Output Close To Pre-Pandemic Level
Crude oil production in the Permian has climbed closer to pre-pandemic levels, according to the latest drilling productivity report of the Energy Information Administration. According to the report, oil…
OPEC+ Under Produces Quota Despite Calls For More Oil
The OPEC+ group saw its overall compliance with the collective oil production cuts at 115 percent in September, a delegate told Argus on Monday, down from the 116-percent compliance…
How Much Oil Can OPEC Realistically Add?
Two weeks ago, in a short and terse affair that did nothing to address the spill-over from overheating gas markets, OPEC+ confirmed that it would stick to its…
China Once Again Cuts Oil Import Quotas For Indepedent Refiners
Beijing has cut the crude oil import quotas for independent refiners for the rest of the year in the latest move to curb their growing oil market clout, Reuters has…
Saudi Arabia: Patience Is A Virtue In Oil Markets
“Is it not time to add more barrels than OPEC is already providing?” was the question posed to HRH Prince Abdulaziz bin Salman by journalist Ryan…
OPEC Cuts 2021 Oil Demand Forecast
OPEC expects this year’s global oil demand to grow by 5.8 million barrels per day (bpd) from the low 2020 levels, down from last month’s estimate of 5.96-million-bpd annual growth.…
Platts: OPEC+ Is Producing Less Crude Than It's Supposed To
OPEC+ is producing less oil than it is supposed to, a survey by Platts has revealed, as cited by Forex Live. The oil cartel was supposed to pump a…
Why $80 Oil Won't Destroy Demand
The $80 per barrel threshold may not be the limit for oil prices in the coming months as global demand recovery continues and record natural gas prices spur…
A Successful Energy Transition Will Need Oil Demand Destruction
There’s a dark secret about the energy transition that politicians and energy regulators all too frequently shy away from. Unfortunately, unless this issue is dealt with the energy…
Oil Supply Adequate For Now, But Larger Supply Crunch Looms
Global oil supply will be enough to meet demand in the short and medium term, but the world is headed towards a supply shortage after 2026 unless the oil industry…
Iran’s Oil Minister Presents Creative Plan To Draw In New Crude Oil Investment
Iran is offering crude oil in exchange for goods or investments in its oil industry, oil minister Javad Owji told Iranian TV, as quoted by Bloomberg. The plan has…
High Natural Gas Prices Could Lead To 2 Million Bpd Extra Oil Demand
Oil prices have vaulted to multi-year highs after OPEC and other major producers opted last week against increasing output by more than previously agreed. However, it's the natural…
Lebanon’s Unravelling Economy Could Have A Major Geopolitical Impact
Crisis-riven Lebanon appears on the brink of collapse once again. The deeply divided Mediterranean country, which was engulfed by a sectarian civil war for 15 years…
U.S. Rig Count Climbs As Crude Prices Rally
The number of oil and gas rigs in the United States rose by 5 this week, according to Baker Hughes, bringing the total number of additions since the start of…
