 |
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 • 173 days | 77.26 | -1.51 | -1.92% | ||
|
Gasoline • 10 mins | 2.742 | +0.008 | +0.29% |
|
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 • 3 hours | 76.01 | -0.55 | -0.72% | ||
|
Light Sour Blend • 3 hours | 79.06 | -0.55 | -0.69% | ||
|
Syncrude Sweet Premium • 3 hours | 86.01 | -0.55 | -0.64% | ||
|
Central Alberta • 3 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% |
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Energy / Energy-General
Bearish Sentiment Begins To Take Hold In Oil Markets
It has been a quiet start to the week for oil markets, but bearish sentiment is undeniably building as the Delta variant threatens to damage global demand.
Oil Markets Uncertain Over Delta Demand Destruction
Following an important agreement among the OPEC+ members last month, oil prices have fallen in the last week, dropping by more than 9% since their highest recorded level last…
5 Things You Need To Know About The World’s Hottest Oil Play
With evidence of an active petroleum system now confirmed after two test wells in Namibia’s 6.3-million-acre Kavango Basin, the game is afoot with 2D seismic and a 6-well exploration drilling…
Is It Time For Biden To Rethink Sanctions Against Venezuela?
Negotiations for Venezuela’s November 2021 regional elections, which are being brokered by Norway, kicked off this week in Mexico. The talks between the authoritarian regime of Nicolas Maduro…
Biden Administration Wants To Wean All Airlines Off Fossil Fuels By 2050
As if we weren't throwing enough trillions of dollars away (or, should we say, printing enough trillions away) incentivizing ill conceived "green energy" subsidies, the Biden administration is…
Aramco Moves Closer To Closing $25B Reliance Megadeal
Saudi Aramco is in an advanced stage of negotiations to buy in an all-stock deal, valued at up to $25 billion, some 20 percent of the oil refining and chemicals…
U.S. Utilities Could Face Slew Of Climate Lawsuits
Several years ago, a major US electric utility, wrote in its 10-K , a document filed annually with federal securities regulators, that it could not “currently estimate the financial impact…
U.S. Rig Count Rises To 16-Month High
The number of oil and gas rigs in the United States rose by 9 this week, according to Baker Hughes—after rising by 3 last week. The total rig count is…
What Will The Gas Station Of The Future Look Like?
Two-thirds of Americans are interested in electric cars. Sales of EVs hit a record of more than 300,000…
Where Does Wall Street Think Oil Is Heading?
After a volatile week of reversals and re-reversals, oil prices have rebounded a bit again on Wednesday thanks to an overall risk-on theme returning to the markets after…
China Is Preparing For Life After Fossil Fuels
The green energy revolution is redrawing the lines of the global geopolitical map and China is fighting to come out on top. While other energy superpowers such as…
What Is Driving The Transformation Of Saudi Aramco?
Saudi Aramco is looking for deals that will boost investor confidence in the world’s largest oil company. These deals could include asset sales or supply agreements, according to…
Is Carbon Neutral Oil Really Possible?
Some of the world’s biggest oil and gas firms have started to sell what they say is carbon-neutral oil and liquefied natural gas (LNG) as buyers increasingly look…
The Nation Proving That Oil And Renewables Aren’t Opposed
After decades of world-leading oil and gas production, Norway is looking to stake its claim on a piece of the renewables market. But can the oil giant become…
Oil Prices Resilient Despite Demand Doubts
Despite growing demand fears due to new outbreaks of covid across Asia, oil prices have remained resilient this week.
Goldman: OPEC+ Unlikely To Open The Taps Despite U.S. Calls
OPEC+ is unlikely to respond with increased production to the U.S. calls amid the surging Delta variant, which is set to dampen short-term oil demand, Goldman Sachs says. Earlier…
Oil Could Save Argentina’s Struggling Economy
The pandemic, social unrest, and substantial fiscal pressures in Buenos Aires are all weighing heavily on Argentina’s petroleum industry and the burgeoning oil…
Why Are Environmentalists Angry About Biden’s Infrastructure Bill?
This week the United Nations and the Intergovernmental Panel on Climate Change (IPCC), the world’s leading authority on global warming, released a devastating report
Biden Administration Takes Aim At ‘Soaring’ Gasoline Prices
A senior Biden administration official has asked the head of the Federal Trade Commission to look into the possibility of price gouging and other illicit practices that could swell gasoline…
Peak Gasoline Demand Forecasts Aren't Scaring Big Oil
Last week, President Joe Biden came out with an executive order aimed at making half of all new vehicles sold in 2030 electric…
