 |
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 • 174 days | 77.26 | -1.51 | -1.92% | ||
|
Gasoline • 33 mins | 2.776 | +0.018 | +0.66% |
|
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 • 2 hours | 76.77 | +0.76 | +1.00% | ||
|
Light Sour Blend • 2 hours | 79.82 | +0.76 | +0.96% | ||
|
Syncrude Sweet Premium • 2 hours | 86.77 | +0.76 | +0.88% | ||
|
Central Alberta • 2 hours | 77.17 | +0.76 | +0.99% |
|
Eagle Ford • 2 days | 79.29 | -0.04 | -0.05% | ||
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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% |
U.S. Sanctions on Venezuela Snap Back Into Place
The U.S. has reimposed sanctions…
Russia Intensifies Strikes on Ukraine’s Energy Infrastructure
Russia continues its assault on…
Energy / Energy-General
Oil At A Crossroads Ahead Of Crucial OPEC Meeting
August West Texas Intermediate crude oil futures are in a position to close higher for the week as investors prepare for next week’s OPEC meeting in Vienna on June 22-23.…
3 Possible Outcomes From The OPEC Meeting
The OPEC meeting is a week away and based on the signals from the group’s top producers, the market is assuming that the group will increase oil production. However, the…
OPEC Back “In the Driver’s Seat”
Oil markets are on edge as OPEC’s June 22 meeting in Vienna quickly approaches. (Click to enlarge) (Click…
Rig Count Falters Amid Oil Price Correction
Baker Hughes reported a dip in the number of active oil and gas rigs in the United States today. Oil and gas rigs decreased by 3 rigs, according to the…
Saudi Arabia: Deal To Gradually Ease Cuts Is ‘Inevitable’
It is “inevitable” that OPEC and partners will agree next week to gradually roll back some of the production cuts that have been in place since January 2017, Saudi Arabia’s…
EV Makers Receive Little Support From Trump
Automakers are looking for states to support electric vehicle sales and charging infrastructure development — regardless of what President Donald Trump and EPA Administrator Scott Pruitt end up deciding to…
China’s Oil Demand Could Take A Big Hit
China’s independent refiners—the so-called teapots—have enjoyed comfortable profit margins since they were allowed to directly import crude oil in 2015. But the good times for the teapots may be over…
Did OPEC Need To Cut Oil Output At All?
“Global demand is 100.5 million b/d and supply is running around 99.5 million b/d. So you got 1 million b/d gap…which means something’s gotta give,” said Goldman Sachs’ head of…
Venezuela Won’t Have Enough Oil To Export By 2019
On May 21st President Donald Trump signed a new executive order prohibiting certain oil-related transactions with Venezuela. GlobalData, a leading data and analytics company, argues that the new sanctions are…
China Plans To Create A $78 Billion Natural Gas Giant
Together with its massive push to have more and more residential and industrial customers switch from coal to gas, China is aiming to overhaul the ownership of its huge gas…
Saudi Aramco Looks To Double Refining Capacity
Saudi oil giant Aramco will be heavily investing in increasing its refining capacity and chemicals business in pursuit of securing more downstream markets for its crude oil, Aramco’s Senior vice…
Oil Markets Unmoved By North Korea Summit
Oil markets largely ignored the much-anticipated meeting between U.S. President Donald Trump and North Korean leader Kim Jong Un, though further geopolitical maneuvers should weigh on crude prices moving forward.
China Closes The Door On Vietnam’s Oil And Gas Ambitions
As China tightens the noose over Vietnam’s ability to drill for oil and gas in its own UN-mandated 200-nautical mile Exclusive Economic Zone (EEZ), the country is turning to solar…
The Downside Of Six Figure Salaries In The Permian Boom
A battle is playing out in Midland, TX between employee-starved local businesses and multinational energy companies who are poaching local residents left and right for high-paying jobs as the latest…
Is Russia Bailing On The OPEC Deal?
For the first week of June, Russia, the world's largest oil producer, exceeded the amount it agreed to produce as part of the January 2017, OPEC/non-OPEC supply cut deal. For…
The Oil Giant That Saw Its Cash Reserves Plunge 90%
India’s top oil explorer, state-run Oil and Natural Gas Corporation (ONGC), has seen its cash reserves plummet by more than 90 percent in one year, after it paid a record…
Tesla’s Newest Car Will Have Rocket Thrusters
Elon Musk plans to equip a new version of the Tesla Roadster with “around 10 small rocket thrusters arranged seamlessly around car,” he said in a tweet, adding that…
Russia Boosts Oil Production Before OPEC Meeting
Russia pumped 11.09 million barrels of oil daily in the first week of June, Interfax reported Saturday, citing an unnamed industry source. This is 143,000 bpd above the country’s…
Permian Boom Jeopardized By Pipeline Troubles
The Permania, as someone called the oil industry and private equity rush to West Texas and New Mexico, has begun to take its toll on all those investors that saw…
Energy Efficiency Adds Value To Home Prices
People are willing to pay a premium for energy-efficient homes, according to new research. Georgia Warren-Myers, a property lecturer at the University of Melbourne and Franz Fuerst of the University…
