 |
Louisiana Light • 2 days | 86.60 | -0.08 | -0.09% | ||
|
Bonny Light • 22 hours | 88.69 | -0.04 | -0.05% | ||
|
Opec Basket • 2 days | 87.35 | -2.29 | -2.55% | ||
|
Mars US • 168 days | 77.67 | -1.57 | -1.98% | ||
|
Gasoline • 6 hours | 2.710 | -0.003 | -0.13% |
|
Bonny Light • 22 hours | 88.69 | -0.04 | -0.05% | ||
|
Girassol • 22 hours | 89.20 | -0.10 | -0.11% | ||
|
Opec Basket • 2 days | 87.35 | -2.29 | -2.55% |
|
Peace Sour • 13 hours | 75.30 | -0.05 | -0.07% | ||
|
Light Sour Blend • 13 hours | 78.35 | -0.05 | -0.06% | ||
|
Syncrude Sweet Premium • 13 hours | 85.30 | -0.05 | -0.06% | ||
|
Central Alberta • 13 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% |
China Tightens Hold on Iraq's Oil with Al-Faw Refinery Nearing Completion
China is finishing the Al-Faw…
U.S. Sanctions on Venezuela Snap Back Into Place
The U.S. has reimposed sanctions…
Energy / Energy-General
COVID-19 In A Civil War
Why Haftar Isn’t Going to Sell Libyan Oil While there are plenty of political and industry players the world over who would like to see a winner in the Libyan…
Rig Count Crashes Most In 4 Years As Oil Shock Rocks U.S. Shale
Baker Hughes reported that the number of oil and gas rigs in the US fell again this week by 44, falling to 728, with the total oil and gas rigs…
Is It Still Possible To Rebalance The Oil Market?
There is still a chance to rebalance oil markets if the OPEC+ group expands to include more producing countries, the head of the Russian sovereign wealth fund, Kiril Dmitriev, told Reuters…
America’s Shortage Of This Metal Keeps Trump Up At Night
The coronavirus may be wreaking havoc on the global economy, but when the dust settles, moving forward will be all about access to critical metals, from the 5G war to…
A Wave Of Downgrades Has Hit The U.S. Oil Patch
The riskier end of the energy bond market has lately suffered a sharp blow in response to an epic oil price crash as the coronavirus pandemic and oil price war…
Building The Sustainable City Of The Future
Masdar City, a development of the Abu Dhabi Future Energy Company (Masdar), is beginning to take shape. The innovative city-district shows a possible paradigm for future sustainable cities:…
Goldman Sachs: Prepare For A Massive Oil Demand Shock
Global oil demand could plummet by 18.7 million bpd in April, deepening an expected demand plunge of 10.5 million bpd for March, Goldman Sachs said, while the coronavirus pandemic continues…
The Biggest Threat To Western Oil Majors
The international oil market is composed of two types of companies: International Oil Companies (IOC) and National Oil Companies (NOC). The former are Western firms with their origin…
Green Initiatives Almost Derailed The $2 Trillion Stimulus Bill
Oil prices crashed on Monday when the US Senate failed to reach a deal on the Stimulus Bill over the weekend. The idea was to quickly pass legislation…
The Oil Glut Is About To Get Even Worse
With only a week to go before OPEC+ countries start flooding the world’s total oil production with an estimated extra 2.5 million barrels per day (bpd) amid…
Russia Will Ignore Oil Markets In G-20 Video Summit
The oil market will not be a topic of discussion at the G-20 video summit later on Thursday, the Kremlin spokesman Dmitry Peskov told reporters when asked about the agenda of…
Don’t Believe The Oil Bulls
The world surplus could reach 20 million barrels per day (mb/d) in the next few weeks, threatening not only to top off storage tanks everywhere, but to crash…
Not Even The $2 Trillion Stimulus Package Can Save Oil Markets
A stimulus agreement has finally been reached. The package would provide $2 trillion in funding, allocated directly to the White House’s plan which includes purchasing 77 million barrels…
The Complete History Of Fossil Fuels
Fossil fuels are the primary source of energy in the world today. But people started using fossil fuels long before the first steam engine running on coal or…
Russia’s Unexpected Advantage In The Oil Price War
While the ruble is now at its lowest level against the dollar in four years, the cheaper ruble has a silver lining for Russia’s oil producers in the…
Oil Climbs As U.S. Pushes For An End To The Price War
Oil prices continued to rise for the third day in a row, recovering earlier losses as U.S. lawmakers pressure Saudi Arabia to end the oil war.The ongoing oil…
The Impossible Challenge Of Powering An Ever-Growing Population
In the period 1975 to 2019, world population increased at an average pace of 83 million per year. The 2019 increase was the difference between approximately 140 million…
Oil Price Slide Accelerates On Crude Inventory Build
As the oil industry continues to struggle with oil price shocks, the U.S. Energy Information Administration reported a crude oil inventory build of 1.6 million barrels for the week to March…
Prepare For The Next Wave Of Oil Bankruptcies
Last year, the energy industry was rocked by record bankruptcies and write-downs that did not spare even the oil majors. According to Energy and Restructuring…
Here’s Why Big Oil Stocks Are Rallying
Under normal circumstances, a company's management suspending a share buyback program is construed to mean that it lacks confidence in the future or thinks the shares are overvalued, meaning the…
