 |
Louisiana Light • 2 days | 87.12 | +0.03 | +0.03% | ||
|
Bonny Light • 1 day | 88.87 | +0.67 | +0.76% | ||
|
Opec Basket • 2 days | 86.51 | -1.01 | -1.15% | ||
|
Mars US • 173 days | 77.26 | -1.51 | -1.92% | ||
|
Gasoline • 16 mins | 2.724 | -0.002 | -0.07% |
|
Bonny Light • 1 day | 88.87 | +0.67 | +0.76% | ||
|
Girassol • 1 day | 89.45 | +0.81 | +0.91% | ||
|
Opec Basket • 2 days | 86.51 | -1.01 | -1.15% |
|
Peace Sour • 5 hours | 76.56 | +1.46 | +1.94% | ||
|
Light Sour Blend • 5 hours | 79.61 | +1.46 | +1.87% | ||
|
Syncrude Sweet Premium • 5 hours | 86.56 | +1.46 | +1.72% | ||
|
Central Alberta • 5 hours | 76.96 | +1.46 | +1.93% |
|
Eagle Ford • 2 days | 79.33 | -0.29 | -0.36% | ||
|
Oklahoma Sweet • 5 days | 79.75 | +0.50 | +0.63% | ||
|
Kansas Common • 2 days | 73.00 | -0.50 | -0.68% | ||
|
Buena Vista • 5 days | 87.31 | +0.41 | +0.47% |
Big Oil’s Carbon Capture Conundrum
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Energy / Crude Oil
The “Great Car Comeback” Brightens Oil Demand Outlook
Despite high vaccination rates in many parts of the world, people appear to be still wary of public transit, opting for personal vehicles, which is driving up demand for crude…
When Will Oil Demand Fully Recover?
As the Covid-19 pandemic began to spread last year, I developed an idea. I hypothesized that the pandemic would cause a permanent dent in oil demand. I covered that hypothesis…
Rystad Energy: India’s COVID Crisis Could Result In Global Oil Glut
India’s worsening COVID outbreak is set to disturb the nearly balanced global oil market, which will show a surplus of oil supply of as much as 1.4 million barrels per…
India COVID Crisis Could Slow Global Oil Demand Rebound
India’s grim record-setting COVID wave shows the market that the expected rebound in global oil demand this year may not be a straight line up. The world’s third-largest oil importer…
Three Things That Will Drive Oil Prices In May
The Energy Sector (NYSEARCA:XLE) has taken the lead in the S&P midday sector standings on Wednesday trading, jumping 3.5% as OPEC+ appears ready to stick with earlier plans to…
Oil Theft Is A Major Problem In Latin America
Washington’s focus on disrupting narco-trafficking in Latin America, through a combination of coca crop eradication, enforcement and seizures is placing pressure on criminal organizations to find other sources…
Oil Prices Rally Despite Bearish Backlash
Despite the re-emerging Covid 19 crisis in India, oil prices maintained momentum even as OPEC+ has decided to go ahead with previously agreed production hike plans. Oil prices…
European Oil Majors Out-Traded U.S. Peers In 2020
Last year might have been a harrowing one for oil markets, but dozens of big-time oil traders netted tons of profit harnessing the volatility opportunities. Exxon wasn't among them. The…
Is California’s Fracking Ban A Big Deal For The Oil Industry?
“California needs to move beyond oil,” Governor Gavin Newsom said on Friday when he directed the Department of Conservation’s Geologic Energy Management (CalGEM) Division to initiate regulatory action to…
The 5 Most Influential Oil Companies In The World
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Suriname Hopes To Become South-America’s Newest Oil Exporter
As Guyana prepares to become a major oil production nation the spotlight is firmly on the Guyana-Suriname Basin and the former British colony’s neighbor Suriname. After decades of…
Libyan Oil Production Surprise Puts Pressure On Prices
Given the ongoing imbalance between global oil supply and demand in the wake of the major waves of Covid-19 that hit the world last year, news that Libya is now…
Libya’s Oil Production Set To Recover As Force Majeure Is Lifted
After falling below 1 million barrels per day (bpd) last week, Libya’s oil production could be set for recovery above that mark again, as the National Oil Corporation (NOC) said…
Energy Transition Could Doom Africa’s Oil Producers
When it comes to the final frontier for big oil discoveries, it’s not the Guyana-Suriname basin where supergiants like ExxonMobil (NYSE:XOM), Hess Corp. (NYSE:HES),…
Canada’s Oil And Gas Industry Must Innovate To Survive
As the Canadian government, like many others, aims for net-zero carbon emissions by 2050, the nation’s energy industry is investing heavily in innovation and digital technology to enhance…
Has Poland’s Energy Diversification Drive Paid Off?
In the words of prominent Polish politician Piotr Naimski, currently serving as the European country’s plenipotentiary for strategic energy infrastructure, Polish national sovereignty is strongly correlated with the…
The Biggest Threat To Russia’s Arctic Oil Ambitions
The collapse of the Soviet Union was a geopolitical victory for the United States and a disaster for Russia which suffered politically, economically, and socially. Although citizens enjoyed…
Record COVID Cases In India Could Threaten Global Oil Demand
Demand for fuel in the world’s third-largest oil importer, India, is crashing amid record new daily COVID cases that lead to tightening restrictions and could slow the global oil demand…
New Lockdowns In Asia Spark Oil Demand Concerns
The week got off to a promising start with prices hitting their highest level since March 18 after Libya declared force majeure on exports from the port of Hariga and…
The Future For Oil Producer Romania Looks Bleak
Europe’s upstream segment has two main challenges – environment-related long-term objectives that gradually narrow down oil companies’ maneuvering ability in terms of where/what they can drill and deficit-ridden governments trying…
