 |
Louisiana Light • 3 days | 87.12 | +0.03 | +0.03% | ||
|
Bonny Light • 1 day | 89.32 | +0.45 | +0.51% | ||
|
Opec Basket • 3 days | 86.51 | -1.01 | -1.15% | ||
|
Mars US • 174 days | 77.26 | -1.51 | -1.92% | ||
|
Gasoline • 14 mins | 2.740 | +0.006 | +0.21% |
|
Bonny Light • 1 day | 89.32 | +0.45 | +0.51% | ||
|
Girassol • 1 day | 89.90 | +0.45 | +0.50% | ||
|
Opec Basket • 3 days | 86.51 | -1.01 | -1.15% |
|
Peace Sour • 4 hours | 76.01 | -0.55 | -0.72% | ||
|
Light Sour Blend • 4 hours | 79.06 | -0.55 | -0.69% | ||
|
Syncrude Sweet Premium • 4 hours | 86.01 | -0.55 | -0.64% | ||
|
Central Alberta • 4 hours | 76.41 | -0.55 | -0.71% |
|
Eagle Ford • 3 days | 79.33 | -0.29 | -0.36% | ||
|
Oklahoma Sweet • 6 days | 79.75 | +0.50 | +0.63% | ||
|
Kansas Common • 2 days | 73.50 | +0.50 | +0.68% | ||
|
Buena Vista • 3 days | 87.02 | -0.29 | -0.33% |
U.S. Oil and Gas Boom Poses Challenge to Climate Goals
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Standard Chartered Says Peak Oil Demand Is Not Imminent
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Energy / Crude Oil
Saudi Minister: OPEC Wants “Fair” Price For Its Oil
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Why U.S. Shale Production Remains Stubbornly High
I have written on shale production in the U.S. a number of times over the past couple of years for OilPrice. My expectation that shale production would fall…
Iran Pushes Development Of Major Oil Region Under 25-Year China Deal
Whether the Iranian leadership thinks that new U.S. President Joe Biden is set to go easier on the Islamic Republic or on China is unclear as yet but whichever it…
Oil Prices Move Higher Despite Another Major Crude Build
A week after reporting a massive crude oil inventory build of over 21 million barrels, the Energy Information Administration had another unpleasant surprise for inventory watchers: the authority
Biden’s Policies Unlikely To Cause Crash In U.S. Oil Production
U.S. President Joe Biden has put the oil industry and oil-producing states on edge with his plans to reform oil and gas permitting and leasing practices on federal land and…
Will California Greenlight New Oil Production?
Tens of thousands of oil wells could be developed in Kern County, California as an ordinance which was previously denied exploration is being revised. This Monday,…
How Oil Could Go To $100 Per Barrel
In its February Short Term Energy Outlook (STEO), the EIA forecasts this month's world oil consumption at 96.7 million barrels per day (mbpd). The oil supply, however,…
Can Colombia Cash In On Higher Oil Prices?
Latin America’s fourth largest economy, Colombia, remains under considerable pressure. Even the latest oil price rally, which saw the international Brent benchmark gain 36%, has done little to…
UAE And Israel Look To Forge Energy Ties Through New Pipeline
President Trump’s Middle East policy was highly incoherent and transformative as it didn't continue the long-term strategies set by previous presidents. However, it did achieve the unprecedented rapprochement between several…
$70 Oil May Cause Slowdown In Demand Recovery
While the unexpected rollover of the OPEC+ production cuts sent Brent Crude prices up to $70 a barrel, the highest oil prices in more than a year could dampen…
Energy Transition Leads To Higher Oil Prices, Metals Shortage
Three billion tons: this is how much metals and minerals the energy transition will require, according to a World Bank report. Demand for…
World’s Top Oil Trader: OPEC+ Controls The Market
The unexpected OPEC+ move from last week and the subsequent oil price surge showed that the alliance is in control of the oil market, according to Vitol Group, the world’s…
The Crisis Isn't Over For Oil Refiners
Refiners and integrated oil firms continue to struggle with low refining margins, as a part of global oil demand—jet fuel consumption—is still enormously depressed by international travel restrictions. …
India: OPEC+ Decision Could Derail Oil Demand Recovery
The world’s third-largest oil importer, India, is concerned that Thursday’s OPEC+ decision not to lift oil production in April could hurt the consumption-led recovery in oil demand, Indian Petroleum Minister…
China’s Oil Demand May Be Overestimated
Robust oil demand in Asia has supported the bullish sentiment on the oil market in recent weeks, but the higher oil prices may cool off crude purchases from the world’s…
Will Private Shale Firms Crush The OPEC Oil Rally?
This year’s rally in oil prices brings back an all-too-familiar question for the oil market and the OPEC+ group: Will U.S. shale come back faster than expected to ruin the…
Is This The World’s Next Big Offshore Oil Region?
The COVID-19 pandemic, 2020 crude oil price crash and ongoing global petroleum supply glut have done little to slow the growth of South America’s massive offshore oil boom.…
Oil Prices Falter On Colossal Crude Inventory Build
Crude oil prices dropped today after the Energy Information Administration reported what can only be described as a colossal crude oil inventory build of 21.6 million barrels for the…
OPEC+ Considers Keeping Oil Cuts Unchanged Through April
The OPEC+ group is considering keeping their collective oil production cuts in April, given the still-fragile global demand recovery, three OPEC+ sources told Reuters on Wednesday. OPEC and its…
What To Expect From The Upcoming OPEC+ Meeting
After breaking the $50 barrier last year, oil prices are currently trading above $60. The major drivers behind this rally include the rise…
