 |
Louisiana Light • 2 days | 87.12 | +0.63 | +0.73% | ||
|
Bonny Light • 23 hours | 90.15 | +1.75 | +1.98% | ||
|
Opec Basket • 2 days | 88.39 | -0.06 | -0.07% | ||
|
Mars US • 175 days | 77.26 | -1.51 | -1.92% | ||
|
Gasoline • 7 hours | 2.765 | +0.006 | +0.23% |
|
Bonny Light • 23 hours | 90.15 | +1.75 | +1.98% | ||
|
Girassol • 23 hours | 90.85 | +1.82 | +2.04% | ||
|
Opec Basket • 2 days | 88.39 | -0.06 | -0.07% |
|
Peace Sour • 22 hours | 76.77 | +0.76 | +1.00% | ||
|
Light Sour Blend • 22 hours | 79.82 | +0.76 | +0.96% | ||
|
Syncrude Sweet Premium • 22 hours | 86.77 | +0.76 | +0.88% | ||
|
Central Alberta • 22 hours | 77.17 | +0.76 | +0.99% |
|
Eagle Ford • 2 days | 80.05 | +0.76 | +0.96% | ||
|
Oklahoma Sweet • 2 days | 80.00 | +0.75 | +0.95% | ||
|
Kansas Common • 2 days | 73.75 | +0.75 | +1.03% | ||
|
Buena Vista • 3 days | 87.23 | -0.55 | -0.63% |
Breaking News:
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Energy / Crude Oil
Arctic Oil Is Booming Despite Strong Opposition
Arctic oil and gas drilling is enjoying strong interest—and not just from Russian companies—despite the political rush to transform the world’s energy systems and remove fossil fuels from them. A…
Crude Prices Jump On Oil Sands Outages
Syncrude has cut its bitumen production for this month due to a mechanical disruption, Bloomberg has reported, citing an unnamed person familiar with the matter. This will likely contribute…
Soaring Natural Gas Prices Could Lift Oil Demand
The current shortage of natural gas and price spikes on the gas markets could be a boon to OPEC, which expects higher demand for other fuels when gas prices are…
Oil Prices Tick Lower After EIA Reports Crude Draw, Gasoline Build
Crude oil prices fell slightly after the Energy Information Administration reported yet another inventory draw, of 3.5 million barrels, for the week to September 17. This compared with a…
The Oil Hub That Could Counter Iran’s Strait Of Hormuz Strategy
In line with the UAE’s role as a principal member of the U.S.’s new Middle East strategy to counter China’s increasing influence in…
Crude Stocks At Cushing Have Dropped By 42% So Far This Year
Rising U.S. oil consumption this year has led to crude oil inventories in Cushing, Oklahoma, dropping by as much as 42 percent so far this year, the Energy Information Administration…
Russia’s Prime Minister Urges Country To Prepare For Post-Oil Era
Russia must start getting used to lower oil, gas, and coal use in the future, Prime Minister Mikhail Mishustin told Russian media, adding that the government will approve a plan…
Shell Exits Permian In $9.5 Billion Deal
Anglo-Dutch oil supermajor Shell is set to leave the Permian with a divestment worth close to $10 billion. The company said it will sell its assets in the shale…
Will South America’s Latest Oil Boom Spark A Military Clash?
Since the controversial 1899 decision which set the border between Venezuela and Guyana, Caracas has repeatedly contested the ruling, claiming the 61,000 square…
Oil Demand Set To Grow Even After 2050, Energy Expert Says
Even after 2050, global oil demand is set to continue to rise because renewables cannot entirely replace fossil fuels, energy markets expert Anas Alhajji said during a recent energy conference…
Consolidation Is Inevitable For Canada’s Oil Industry
The private equity industry is in a rush to leave Canada's oil sands—once a lucrative investment but no longer—as emission reduction takes priority. According to a Reuters…
Oil Ends Week On Bullish Note As Outages Persist
Hurricane Ida is now officially the most devastating hurricane ever in terms of oil production disruption, and experts expect the outages to last throughout the month of September
Will Oil’s Upward Trend Hold?
Last week, I suggested a trade that bracketed crude, going long on a break above $70 or short should CL drop below $67. That worked out well as a break…
China Back To Stockpiling Crude As Refinery Runs Hit 15-Month Low
China is estimated to have sent around 760,000 barrels per day (bpd) of crude oil to its strategic and commercial reserves in August, as refinery throughput in the world’s top…
Saudi Arabia Hikes July Crude Oil Exports To Six-Month High
Saudi Arabia’s crude oil exports rose to above 6 million barrels per day (bpd) in July, to the highest volume in six months, as the OPEC+ alliance continued to ease…
Can Iran Overcome U.S. Sanctions And Become A Top Oil Producer?
Two weeks ago, Iran announced it was planning to boost oil output and exports despite ongoing sanctions by the U.S. As we see continually increased output from Iran…
Argentina Attempts To Revive Its Oil Boom
Argentina’s government has unveiled a bill to promote investment in oil and gas in the country with the ultimate goal to boost hydrocarbon production from its key shale play and…
Russian Oil Exports Under Fire As Iraq Slashes Prices
The price of Russia’s flagship Urals grade slumped this week as Russian supply and exports are set to grow and as Iraq cuts the price of its crude for…
Oil Prices Rise Further On Large Crude Inventory Draw
Crude oil prices went up today on bullish news from the U.S. Energy Information Administration, which reported a 6.4-million-barrel draw in crude oil inventories and another draw in fuel…
China’s Oil Sale Is A Clear Message To OPEC+
China made headlines last week with the news that it was going to release some crude oil from its strategic petroleum reserve and sell it in a move…
