 |
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 • 169 days | 77.67 | -1.57 | -1.98% | ||
|
Gasoline • 15 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 • 22 hours | 75.30 | -0.05 | -0.07% | ||
|
Light Sour Blend • 22 hours | 78.35 | -0.05 | -0.06% | ||
|
Syncrude Sweet Premium • 22 hours | 85.30 | -0.05 | -0.06% | ||
|
Central Alberta • 22 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% |
Will Namibia Become OPEC’s Newest Member?
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Energy / Crude Oil
The Top 5 Oil Producers of 2023
Defying earlier expectations of slowing growth, U.S. crude oil production has surged this year to extend America's lead at the top of the ranking of the world's biggest oil producers. …
Regional Cooperation Key to Curbing Gulf of Guinea Oil Piracy
The Gulf of Guinea has become famous for its piracy crimes over the last two decades, with many ships being invaded by modern-day pirates looking for wealth. Despite repeated attempts…
Oil and Gas Prices Hold Steady Despite Red Sea Turmoil
Since mid-November, Houthi rebels in Yemen have significantly stepped up attacks on commercial shipping vessels in-transit via the lower Red Sea in retaliation for Israel’s war on Hamas in the…
EIA Reports Significant Build in Oil and Fuel Stocks
Crude oil prices moved lower today after the U.S. Energy Information Administration reported an estimated inventory increase of 2.9 million barrels for the…
Climate and Security Issues Force Oil Majors to Leave Nigeria
The oil and gas multinational divestment from the Niger Delta that kicked off over a decade has now hit fever pitch. Hordes of oil and gas majors have exited the…
Red Sea Tensions Threaten to Disrupt Diesel Market Stability
Diesel and other distillate inventories are higher now than they were this time last year, suggesting that a tight global diesel market has started to ease, in part due to…
What Does 2024 Hold For China’s Economy And Oil Demand?
Since the mid-1990s, China has been the key global buyer of multiple commodities needed to power its economic growth. The purpose of this growth was partly to create and enlarge…
Bullish Bets on Oil Fell to Lowest on Record This Week
Hedge funds have cut their bullish bets on crude oil to record lows as the market reacts to increasing U.S. inventories and fear that OPEC+ will not fully deliver on…
Consolidation Push Could Turn U.S. Oil Industry into Handful of Giants
What started as a pretty regular year in mergers and acquisitions in oil has turned into a year to remember after Exxon and Chevron announced massive merger plans. Now, Occidental…
Oil Inches Up on Crude Inventory Draw
Crude oil prices reversed their decline today, after the U.S. Energy Information Administration reported an estimated inventory draw of 4.3 million barrels for the week to December 8. This…
OPEC Production Falls While U.S. Oil Output Hits New High
OPEC’s crude oil production fell in November for the first time in months, while U.S. oil output continued to reach new highs, OPEC said in its monthly report on…
Death Cross Isn't A Death Sentence For Energy Stocks
Several prominent energy stocks are teetering on the precipice of the dreaded "death cross" trading pattern, potentially heralding another big down leg in the minds of many traders. The
OPEC May May Need 5-Year Plan To Prevent Oil Price Collapse
Soaring supply from the United States and other non-OPEC+ oil producers could force the OPEC+ group to continue carefully managing its supply to the market for the next five years…
This Country is About To Export its First Ever Crude Oil
Niger aims to start exporting its first crude oil in January, the military leader of the African country, Abdourahamane Tiani, has said on state television. The commercial stage of the…
Venezuela Looks To Boost Oil and Gas Exploration Amid Dispute with Guyana
Venezuela is looking to revive an offshore natural gas field close to the maritime border with Guyana amid an escalating territorial dispute after Venezuelan President Nicolas Maduro held a referendum…
Oil Sanctions Never Had A Chance
The recent slump in oil prices pushed Russia’s flagship Urals below the $60 price cap imposed on international shipments by the G7 last year. Perhaps this is a reason…
Oil Rebounds as DOE Looks To Buy 3 Million Barrels For SPR In March
With oil plunging an (almost) unprecedented 7 weeks in a row, the longest such stretch since 2018...
Can OPEC+ Boost Oil Prices Next Year?
OPEC+ disappointed the oil bulls last week by announcing voluntary cuts from several producers and failing to agree on a group-wide supply reduction, at least for the first quarter of…
Growing U.S. Oil Exports Put Lasting Pressure on Prices
Until 2015, U.S. crude oil producers were prohibited from exporting oil without a special license. In 2015, this changed. Since then, the U.S. has become a top-five exporter. This has…
The Oil Demand Outlook COP28 Leaders Would Hate
This week, a report from a climate organization warned that emissions from the combustion of hydrocarbons are set for a record this year. This is despite the massive buildout…
