 |
Louisiana Light • 1 day | 86.49 | -0.63 | -0.72% | ||
|
Bonny Light • 1 day | 89.32 | +0.45 | +0.51% | ||
|
Opec Basket • 1 day | 88.45 | +1.94 | +2.24% | ||
|
Mars US • 174 days | 77.26 | -1.51 | -1.92% | ||
|
Gasoline • 10 mins | 2.719 | -0.015 | -0.56% |
|
Bonny Light • 1 day | 89.32 | +0.45 | +0.51% | ||
|
Girassol • 1 day | 89.90 | +0.45 | +0.50% | ||
|
Opec Basket • 1 day | 88.45 | +1.94 | +2.24% |
|
Peace Sour • 10 hours | 76.01 | -0.55 | -0.72% | ||
|
Light Sour Blend • 10 hours | 79.06 | -0.55 | -0.69% | ||
|
Syncrude Sweet Premium • 10 hours | 86.01 | -0.55 | -0.64% | ||
|
Central Alberta • 10 hours | 76.41 | -0.55 | -0.71% |
|
Eagle Ford • 1 day | 79.29 | -0.04 | -0.05% | ||
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Oklahoma Sweet • 1 day | 79.25 | -0.50 | -0.63% | ||
|
Kansas Common • 2 days | 73.50 | +0.50 | +0.68% | ||
|
Buena Vista • 3 days | 87.02 | -0.29 | -0.33% |
Standard Chartered: Global Oil Demand Will Pick Up Strongly In May And June
Despite some crude inventory builds…
Oil Moves Higher on Inventory Draw
Crude oil prices ticked higher…
Energy / Crude Oil
Hurricane Ida Continues To Weigh On Gulf Oil Production
More than a week after Hurricane Ida made landfall in Louisiana, nearly 90 percent, or some 1,6 million bpd of U.S. Gulf oil production remains shut-in, more than…
Europe’s Soaring Gasoline Consumption Triggers Rise In Oil Demand
Europe’s oil demand, especially road fuel consumption, has rebounded in recent weeks, as many Europeans hit the road for late summer vacations after a year and a half of restrictions…
Saudis Make Deep Price Cuts To Save Market Share
Saudi Arabia slashed the official selling prices (OSPs) for its oil exports to Asia in October more than expected in a move seen as the world’s largest crude exporter…
3 Bullish Catalysts For Oil This Fall
After a dreary stretch that saw oil markets record the worst monthly loss this year, the markets have kicked off trading in September on a brighter note. Both…
What Are Biden’s Real Priorities For U.S. Oil?
Americans are paying the most expensive Labor Day weekend gasoline prices since 2014 amid constrained stock levels and high benchmark crude oil prices. …
U.S. Oil Rigs See Sharpest One-Week Decline In Over A Year
The number of oil and gas rigs in the United States fell by 11 this week, according to Baker Hughes—after rising by 5 last week. The total rig count is…
Iran Wants To Boost Oil Exports, Nuclear Deal Or Not
Iran plans to ramp up its crude oil exports even though negotiations with the United States on its nuclear deal are currently paused. "Good things will happen regarding Iran's oil…
India’s ONGC May Buy Stake In Rosneft’s Massive Arctic Oil Project
A consortium of Indian energy companies—including state major ONGC—is in early talks with Rosneft for the acquisition of a stake in the Russian state company’s massive Vostok oil project, the…
Will Peru’s Crisis-Torn Oil Industry Ever Recover?
Peru’s oil industry has been under considerable pressure for some time. A combination of long-running political turmoil, community dissent and the pandemic are weighing heavily on
Louisiana Refineries Could Take Weeks To Restart After Hurricane Ida
The refineries in Louisiana that were shut ahead of or during the passing of Hurricane Ida this weekend could take weeks to restart as power and water services have yet…
China’s CNPC Looks To Revive Oil Projects In Venezuela
The China National Petroleum Corporation is preparing to return to Venezuela after the Maduro government finalizes legislation seeking to attract more foreign capital to the industry.
U.S. Shale Ramps Up Drilling But Maintains Spending Restraint
U.S. oil production has ticked up in recent weeks as shale producers drill more wells after going through a massive backlog of drilled but uncompleted wells (DUC).
OPEC+ Ignores Biden, Keeps Output Plans Unchanged
The September meeting of OPEC+ today wasn’t expected to erupt in vehement disagreements. Unlike the last meeting, when a rift between Saudi Arabia and the UAE caused worry…
Finding A Real Solution To Louisiana's Energy Crisis
You may have seen the recent YouTube video of Entergy crews installing a new high voltage transmission tower near New Orleans. The new tower was supposed to withstand…
UK North Sea Investment Crashes To 50-Year Low
Due to the pandemic-driven collapse in oil prices, capital investment in the UK North Sea plunged by one-third in 2020 to the lowest level since 1973, offshore industry body OGUK…
Major Crude Draw Sends Oil Higher On First Trading Day Of The Month
Crude oil prices moved higher today after the Energy Information Administration reported inventories had shed 7.2 million barrels in the week to August 27. This
Louisiana Faces Major Oil Tanker Traffic Jam Following Hurricane Ida
More than two dozen oil tankers are jamming Louisiana ports in the wake of Hurricane Ida as port operators continue to assess the damage, Reuters reports, citing sources and…
3 Distinct Futures For The Oil Industry
As the global economy emerges from the pandemic and commodity prices continue on a recovery path, it's becoming increasingly evident that the oil and gas industry is standing…
OPEC+ Sees Oil Markets Tightening This Fall
Despite the COVID resurgence, the oil market will become increasingly tight this year, OPEC+ estimates show, but as the group continues to ease the production cuts into next year,…
Chinese Buyers Ramp Up Crude Oil Purchases
After several months of slowdowns in spot market oil cargo buys, Chinese importers are once again boosting their purchases, Reuters reports, citing traders and analysts. Lockdowns in response to…
