 |
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 • 14 mins | 2.780 | +0.022 | +0.79% |
|
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 • 24 hours | 76.01 | -0.55 | -0.72% | ||
|
Light Sour Blend • 24 hours | 79.06 | -0.55 | -0.69% | ||
|
Syncrude Sweet Premium • 24 hours | 86.01 | -0.55 | -0.64% | ||
|
Central Alberta • 24 hours | 76.41 | -0.55 | -0.71% |
|
Eagle Ford • 2 days | 79.29 | -0.04 | -0.05% | ||
|
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% |
Breaking News:
Rising Middle East Risk Sparks Fear of $100 Oil
In case of further escalation,…
Reuters Estimates: Russian Oil and Gas Revenue to Double in April
Higher oil prices are expected…
Energy / Oil Prices
Oil Price Rebound Could Spell Disaster For Developing Nations
Removing consumer fuel subsidies amid collapsing oil prices could prove wrong-way bet for many nations.Oil prices worldwide are collapsing on an unprecedented scale, most recently below $50 per…
The Age Of Cheap Oil Is Over
The longer I look at what is going on today with oil prices the less it makes sense to me. I know there are a lot of experts who blame…
UAE Says It’s Up To Shale Producers, Not OPEC, To Cut Production
Suhail Mohamed Faraj al-Mazrouei, the oil minister for the United Arab Emirates, says it isn’t OPEC’s responsibility to cut oil production to prop up prices. Instead, he said, the non-OPEC…
Oil Price Collapse Down To Broader Demand Factors
The price of oil passed another milestone last week, falling below $50 a barrel, a level that I had not expected to see again in my lifetime.
The Simple Reason For The Oil Price Drop
Don't worry. It's not complicated. I offer a simple explanation for the recent fall in oil prices in just two charts. Oil prices move up and down in response to…
5 Ways To Play The Oil Price Plunge
The collapse of the oil price has created losers and winners, and like every major movement in a commodity sector, the trick for investors is figuring out which side of…
One Region That Could Benefit Most From Low Oil Prices
The current low price of oil so far has been a mixed blessing for the world economy. Some countries, such as the poor OPEC member Venezuela, are hurt by the…
Current Oil Crisis More Dangerous Than You Think
The price of oil is down. How should we expect the economy to perform in 2015 and 2016? Newspapers in the United States seem to emphasize…
Does The Oil Market Care Who Sits On Saudi Throne?
Not that the market will care, but succession in Saudi Arabia is looming. At 90, King Abdullah has outlived several of his hopeful successors, but his health has rapidly deteriorated…
Gains From Low Oil Prices Could Be Wiped Out This Year
A few years ago I spent a good deal of time overseas. When you travel for an extended period, it is always interesting to begin to understand the perception that…
Canada: A Microcosm Of The Ultimate Effect Of Low Oil Prices?
Canada’s economy, lately driven in large part by oil, is a classic example of the old see-saw axiom: Downward pressure in one place creates upward pressure in another. In this…
Global Economy At Risk From Oil Price Dive
Geopolitics of oil: Saudi oil Minister Ali al-Naimi gloomy about the impact of collapsing oil prices (top);…
Share Prices For Oil Companies Tumble Along With Oil Prices
The share prices of oil companies were thrashed on January 5 as the ongoing slide in oil prices prompted another round of forecast revisions. WTI dropped below $50 per…
Economic Inefficiency Means Low Oil Prices Are Here To Stay
Since about 2001, several sectors of the economy have become increasingly inefficient, in the sense that it takes more resources to produce a given output, such as 1000 barrels of…
Low Oil Prices Drive US Rig Count Down
The number of drilling rigs in the United States fell for the third consecutive week in December, indicating that lower prices and therefore lower profits are causing producers to cut…
The Gasoline Price Myth
"If you repeat a falsehood long enough, it will eventually be accepted as fact." In the financial markets and economics it is a common occurrence that the media and commentators…
Could Libyan Militants Spark An Oil Price Rebound?
Violence in a major oil producing country may finally halt the oil price slide. Analysts have speculated whether the slump in oil prices would be reversed by an uptick in…
Saudi Facing Largest Deficit In Its History
The nearly 50 percent plunge in the price of oil during the past six months is expected to leave oil-rich Saudi Arabia with its first budget deficit since 2011 and…
Follow The Trends For Oil Price Rebound
A few weeks ago I offered some calculations suggesting that lower demand for oil might account for about $20/barrel of the dramatic decline in the price of oil since…
If Prices Keep Falling, OPEC Must Act To Restore ‘Fair’ Rate Of $70-$80
The consensus among many Arab OPEC producers is that, one way or another, the worldwide price of oil will stabilize then rise again during 2015, settling between $70 and $80…
