 |
Louisiana Light • 2 days | 86.60 | -0.08 | -0.09% | ||
|
Bonny Light • 2 days | 88.73 | -1.64 | -1.81% | ||
|
Opec Basket • 2 days | 87.35 | -2.29 | -2.55% | ||
|
Mars US • 168 days | 77.67 | -1.57 | -1.98% | ||
|
Gasoline • 10 mins | 2.710 | -0.004 | -0.13% |
|
Bonny Light • 2 days | 88.73 | -1.64 | -1.81% | ||
|
Girassol • 2 days | 89.30 | -1.63 | -1.79% | ||
|
Opec Basket • 2 days | 87.35 | -2.29 | -2.55% |
|
Peace Sour • 8 hours | 75.30 | -0.05 | -0.07% | ||
|
Light Sour Blend • 8 hours | 78.35 | -0.05 | -0.06% | ||
|
Syncrude Sweet Premium • 8 hours | 85.30 | -0.05 | -0.06% | ||
|
Central Alberta • 8 hours | 75.70 | -0.05 | -0.07% |
|
Eagle Ford • 2 days | 79.21 | +0.04 | +0.05% | ||
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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% |
Low Natural Gas Prices Curb U.S. Oil Production Gains
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Uncertainty Drives Investors to Oil Stocks
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Energy / Energy-General
Can Shale Survive Low Oil Prices?
Lower oil prices could drag down U.S. shale drillers at a time when their finances are already looking shaky. But the impact on oil production growth is still murky. WTI…
A New Trend In The Middle East? Oman Taxes Energy Drinks As Oil Income Falls
In a bid to reduce its reliance on crude oil revenues, the sultanate of Oman has announced a slew of new taxes on products ranging from tobacco and alcohol to…
An Opportunity In California’s Overlooked Oil Sector
Berry Petroleum, (NYSE:BRY) has just emerged from a period where they were acquired for $2.5 billion by a large independent, Linn Energy- which went bankrupt in 2016, thanks largely to…
Why Is China Pouring Money Into The Arctic?
Diplomats gathered in Rovaniemi to discuss the state of the North Pole were caught off-guard by the United States’ posturing. In a speech to the Arctic Council, U.S. Secretary of…
The Most Crucial Pipeline Of The Middle East?
Contemporary Middle Eastern history is strongly influenced by energy politics. Besides providing revenue for the state’s coffers, oil is also a potent geopolitical tool in the hands of resource-rich countries.…
Papua New Guinea Looks To Double LNG Production
On April 9 PNG’s government signed an agreement with Total, ExxonMobil and the Australian Securities Exchange-listed Oil Search, setting out the terms and conditions for the development of the $13bn…
Oil Bulls See Glimmer Of Hope
Oil prices clawed back some losses at the end of the week on bullish news from OPEC. (Click to enlarge)
Will Bearish Sentiment Break OPEC+?
The oil market has gone decidedly bearish, and sentiment is growing that Moscow isn’t going to be able to play ball much longer with OPEC cuts. The World Bank has…
U.S. Shale Spending Is Under Fire Again
Friday, June 7, 2019 1. U.S. shale still burning cash- A cross-section of 29 U.S. shale companies reported more than…
U.S. Oil Rig Count Drops, But Production Remains Resilient
The number of active oil and gas rigs in the United States fell this week according to Baker Hughes, as the overall rig count reaches the lowest point since February…
Is The Bounce In Oil Prices Sustainable?
This week, after falling since the end of April, oil futures officially entered bear market territory. That happened on Wednesday, with an unexpected build in inventories sparking the latest drop…
Floods And Fires Threaten Oil Outages
Discovery & Development - Iraq has lifted the state of emergency it declared on the Majnoon oil field amid floods. Production at the field was unaffected despite the state of…
Has Oil Bottomed Out?
U.S. West Texas Intermediate and international-benchmark Brent crude oil futures are in a position to finish mixed for the week based on Friday’s price action. Not only is this significant…
A ‘’Gusher Of Red Ink’’ For U.S. Shale
Oil prices are off more about 20 percent in the last two weeks on growing fears of a brewing economic recession. Commodities of all types have been hammered by the…
What’s Keeping The U.S. From Developing Its Cleanest Energy Source?
The United States has a renewable, 24/7 clean energy resource right beneath its feet that can be used for electricity generation and direct heating and cooling. Geothermal energy…
Iran’s Lifeline Against U.S. Sanctions
Given that the immediate focus of U.S. sanctions on Iran is the nation’s oil sector, the Islamic Republic is concentrating on pushing its already significant petrochemicals capabilities to generate much-needed…
This Crazy Idea Could Be The Future Of Power Generation
Carbon capture and storage or reuse is gaining traction amid intensifying efforts to curb the effect of climate change on the planet. Now, a Swiss-Norwegian team of researchers has gone…
‘No Trade Deal’ Scenario Keeps A Hard Cap On Oil Prices
Recent financial market headlines have been dominated by stories covering the plunge in global interest rates. And for good reason. Government bond yields have been sinking like a stone lead…
The Truth Behind Syria’s Oil Tanker Attacks
Syrian Kurd Oil Deals and Tanker Attacks On Friday, Qatari and Turkish media were reporting that US-led coalition airstrikes took out three oil tankers in targeted airstrikes in eastern Syria,…
OPEC Powerless Against Global Production Growth
Despite US sanctions on Iran, Venezuela’s ongoing crisis, Libya being at risk of conflict-related oil disruption and Russian oil exports curtailed by contamination problems, oil prices have weakened considerably, plummeting…
