 |
Louisiana Light • 2 days | 86.49 | -0.63 | -0.72% | ||
|
Bonny Light • 1 day | 88.40 | -0.92 | -1.03% | ||
|
Opec Basket • 2 days | 88.45 | +1.94 | +2.24% | ||
|
Mars US • 175 days | 77.26 | -1.51 | -1.92% | ||
|
Gasoline • 18 mins | 2.766 | +0.008 | +0.29% |
|
Bonny Light • 1 day | 88.40 | -0.92 | -1.03% | ||
|
Girassol • 1 day | 89.03 | -0.87 | -0.97% | ||
|
Opec Basket • 2 days | 88.45 | +1.94 | +2.24% |
|
Peace Sour • 4 hours | 76.77 | +0.76 | +1.00% | ||
|
Light Sour Blend • 4 hours | 79.82 | +0.76 | +0.96% | ||
|
Syncrude Sweet Premium • 4 hours | 86.77 | +0.76 | +0.88% | ||
|
Central Alberta • 4 hours | 77.17 | +0.76 | +0.99% |
|
Eagle Ford • 2 days | 79.29 | -0.04 | -0.05% | ||
|
Oklahoma Sweet • 2 days | 79.25 | -0.50 | -0.63% | ||
|
Kansas Common • 1 day | 73.75 | +0.75 | +1.03% | ||
|
Buena Vista • 2 days | 87.23 | -0.55 | -0.63% |
Standard Chartered: Global Oil Demand Will Pick Up Strongly In May And June
Despite some crude inventory builds…
Institutional Investors Double Down On Oil Despite Divestment Pledges
A new study reveals that…
Energy / Crude Oil
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…
Deep Oil Cuts Put Africa At Serious Risk
About two decades ago, The Economist [infamously] dubbed Africa as the “Hopeless Continent”, claiming that the new millennium had brought more disaster than hope to Africa with threats of famine…
OPEC Oil Production Plunges In February Thanks To Saudi Cut
Saudi Arabia’s unilateral additional cut in oil production sent the total OPEC output down by 870,000 barrels per day (bpd) in February, the first monthly drop in the cartel’s production…
U.S. Oil Production Fell To 11 Million Bpd In December
U.S. crude oil production fell in December to an average 11.063 million barrels per day, according to the Energy Information Administration’s latest monthly report. U.S. crude oil production fell…
One Of The World’s Oldest Oil Companies Looks To Stage A Comeback
North Sea producer Premier Oil has gained regulatory and antitrust approval to re-emerge under its new trading name Harbour Energy Plc. having agreed to a merger due to…
Jet Fuel Demand Is The Only Thing Holding Oil Back
Oil prices have rallied since the start of this year, pushed up by the OPEC+ cuts tightening the market and the vaccine rollouts. Analysts and industry…
Suriname Looks To Ramp Up Oil Production In A Big Way
Saudi Arabia’s surprise January 2021 one million barrel per day production cut has sparked a sense of bullishness over the outlook for crude oil. The international Brent benchmark…
Argus: Oil Demand Will Not Plunge Because Of The Energy Transition
The energy transition and the growing share of electrification of transportation will not lead to a fast decline in global oil demand—any drop in consumption will be very gradual, Argus…
Will New Zealand Ever Unlock Its Oil Potential?
Small oil producer New Zealand has halted exploration of a potentially major oil field in the wake of the Covid-19 pandemic and increased regulator pressure. New…
Oil Is Hot Again, But For How Long?
From the pariah of industries last year, energy has become a Wall Street darling once again. In the year to date, energy has gained 17 percent on the S&P 500.…
Texas Freeze Causes Largest Ever U.S. Oil Production Decline
U.S. crude oil production has plunged by as much as 40 percent due to the Polar Vortex that brought freezing temperatures to swathes of the United States, most notably including…
Can Venezuela Rebuild Its Crushed Downstream Sector?
President Biden’s assumption of power has instilled a new sense of hope in Venezuela’s political leadership, with Nicolas Maduro stating that his country was willing to “walk a new path…
Biden’s Energy Plans Threaten Alaska’s Oil Ambitions
The new energy policies brought forward by the Biden administration in the US are set to rock the country’s oil and gas industry. There has been much discussion over the…
Saudi Arabia Set To Reverse Extra 1 Million Bpd Production Cut From April
OPEC’s largest producer Saudi Arabia looks to reverse its unilateral extra production cut of 1 million barrels per day (bpd) after March ends, in view of the recent rally in…
Is This The Beginning Of The End For Ecuador's Oil Industry?
Major energy companies are becoming increasingly sensitive to drilling in high-risk environments such as the Arctic, Barents Sea and the Amazon Basin. A combination of highly volatile oil…
How India’s Hunger For Oil Could Transform The Middle East
The release of a major report last week by the International Energy Agency (IEA) highlighting that India will make up the biggest share of energy demand growth from now until…
Russia: Oil Markets Have Rebalanced
The global oil market is balanced and the current price of oil fully reflects this market situation, Russian Deputy Prime Minister Alexander Novak said in an interview with Russian…
Hedge Funds Flocked To WTI Crude Ahead Of Texas Cold Snap
Portfolio managers further increased their long positions in the most traded petroleum contracts, with bullish bets focused almost entirely on the U.S. benchmark WTI Crude, Reuters columnist John Kemp wrote…
Can China Shake Its Dangerous Addiction To Oil?
In order to avoid the worst effects of global warming, the world will have to make drastic changes this decade. In a damning report released by the United…
Is The Caribbean Ready For An Oil Boom?
As Trinidad and Tobago continue to explore for major oil and gas fields in the Caribbean region, the Bahamas Petroleum Co. has made a non-commercial oil discovery.
