 |
Louisiana Light • 2 days | 86.60 | -0.08 | -0.09% | ||
|
Bonny Light • 17 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 • 1 hour | 2.710 | -0.003 | -0.13% |
|
Bonny Light • 17 hours | 88.69 | -0.04 | -0.05% | ||
|
Girassol • 17 hours | 89.20 | -0.10 | -0.11% | ||
|
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% | ||
|
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% |
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Energy / Oil Prices
Prepare For Volatile Oil Markets As Technical And Fundamental Traders Clash
Crude Oil Outlook April Crude Oil showed strong resilience over the last two weeks, but both moves were related to technical factors. The fundamentals remain bearish,…
Why We Won’t See An Oil Price Rebound Yet
The front page of The Wall Street Journal on Tuesday, February 10 proclaimed “Oil-Price Rebound Predicted” according to the IEA (International Energy Agency). Not true. The February 10
Oil Industry Costs Will Come Down But How Fast?
I wrote earlier about oil prices, or more specifically, about where oil prices might go in the medium to long term; that was $80/bbl plus or minus $20/bbl if you…
Wall Street Has A Dream For Oil Prices
The price of oil has bounced 20% since January 29 when the benchmark West Texas Intermediate had dipped below $44 a barrel, but according to Edward Morse, Citigroup’s global head…
Are You Asking The Wrong Question?
A massive rally in the oil market starting last Friday has everyone asking whether oil has bottomed. As for me, I’m not sure that’s the right…
Where Oil Can Go From Here
Crude Oil Outlook If you read the crude oil news on January 29, the day that crude oil bottomed, you’ll…
Oil Prices Most Volatile Since 2009
The nearly 20 percent rally in oil prices over the past week raised hopes in the oil industry that the financial bloodshed might be over.…
Why Oil Won’t Go Below $40
When I made my energy predictions for 2015, I made some very aggressive predictions. Perhaps the most aggressive was that the closing price of West…
When Conspiracy Theory Becomes Fact
While the markets are still debating whether the price of oil is more impacted by the excess pumping of crude here, or the lack of demand…
Rise Of The Vulture Investing Class
The oil markets are showing some life, having rallied 11 percent over a two-day period. But if a bigger rebound is not around the corner,…
Too Little, Too Late For Venezuela?
Rapidly declining world oil prices, a lack of basic goods in supermarkets, insecurity, and a more united opposition look set to make 2015 the most difficult year yet for…
Oil Majors’ Profits Take A Beating
The first quarterly earnings reports since the collapse of oil prices are in and the numbers show a significant deterioration in profits for the oil majors.…
Winners And Losers Of Low Gasoline Prices
The price drop we have seen at the pump in recent months has been nothing short of spectacular. It has provided the equivalent of a
U.S. Crude Inventories Reach Highest Levels Since 1982
EIA Inventory build was double expectations at 8.87 million barrels...With Total Crude Supply at its highest since at least 1982...
Increasing Demand For Refined Products Will Increase Oil Prices
In last week’s article I posted a chart from the International Energy Agency’s recent Oil Market Report that shows global demand for refined products catching up to supply by the…
OPEC Chief Claims Oil Will Rebound Higher Than In 2008
OPEC’s secretary-general says the 7-month-old plunge in oil prices finally may have bottomed out and may be ready to rise again. In fact, Abdullah al-Badri hypothesized that a decision by…
Did Saudi Arabia Just Flinch?
As has become the norm, oil markets reacted suddenly to comments by OPEC’s secretary general regarding the possibility of oil reaching $200 a barrel should investment die off due to…
The Cure For Low Oil Prices Is Low Oil Prices
Over the course of 2014 the prices the world paid for crude oil tumbled from over $125 per barrel to around $45 per barrel now, and could easily drop further…
Oil Prices Changing The Face Of Global Geopolitics
In a documentary that aired recently on the Canadian Broadcasting Corporation’s popular The Fifth Estate program, an allegory of Vladimir Putin was presented. The wily Russian president was described growing…
Why $50 Oil Won’t Last
In the past few weeks I have received numerous questions about the role of a “drop in demand” in the oil price decline. These questions are driven by many stories…
