 |
Louisiana Light • 2 days | 83.76 | +0.29 | +0.35% | ||
|
Bonny Light • 22 hours | 84.11 | -0.31 | -0.37% | ||
|
Opec Basket • 2 days | 84.30 | +0.70 | +0.84% | ||
|
Mars US • 189 days | 77.26 | -1.51 | -1.92% | ||
|
Gasoline • 6 hours | 2.500 | -0.042 | -1.66% |
|
Bonny Light • 22 hours | 84.11 | -0.31 | -0.37% | ||
|
Girassol • 22 hours | 85.07 | -0.23 | -0.27% | ||
|
Opec Basket • 2 days | 84.30 | +0.70 | +0.84% |
|
Peace Sour • 21 hours | 72.46 | +0.27 | +0.37% | ||
|
Light Sour Blend • 21 hours | 75.51 | +0.27 | +0.36% | ||
|
Syncrude Sweet Premium • 21 hours | 82.46 | +0.27 | +0.33% | ||
|
Central Alberta • 21 hours | 72.86 | +0.27 | +0.37% |
|
Eagle Ford • 2 days | 75.74 | +0.27 | +0.36% | ||
|
Oklahoma Sweet • 2 days | 75.75 | +0.25 | +0.33% | ||
|
Kansas Common • 2 days | 69.50 | +0.25 | +0.36% | ||
|
Buena Vista • 2 days | 83.77 | +0.27 | +0.32% |
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Energy / Oil Prices
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Will It Be A Happy New Year For Energy Investors?
It has, to say the least, been an interesting year for energy investors. 2014 started with everything looking rosy. The global recovery was in full swing, the price of oil…
Retail Gasoline: The Forgotten Investment Opportunity
Introduction 2014 has been a busy year for energy investors, with lots of ups and downs. With a long list of unexpected geopolitical twists, there was never a…
Saudi Arabia Ready For $20, $30, $40 Oil
Brent crude and West Texas Intermediate (WTI) fell 2 and 3.3 percent respectively to start the week and Saudi Arabia is prepared to go much lower in a bid to…
Drilling Cutbacks Mean Service Companies Forced to Scrap Rigs
Despite the decline in oil prices, the U.S. is expected to boost production by 300,000 barrels per day in 2015, up to a yearly average of about 9.3 million barrels…
Egypt And The Double-Edged Sword Of Cheap Oil
The good news for Egypt: Inexpensive oil means the government needs to spend less on its fuel subsidies for its energy-hungry population of 86 million people, the third largest…
Chart Of The Day: Natural Gas Suggests $33 Oil
In the last couple of months, the sharp reversion in oil prices has certainly caught the world’s attention. While the majority of economists and analysts continue to expect incorrectly that…
Did The Saudis And The US Collude In Dropping Oil Prices?
The oil price drop that has dominated the headlines in recent weeks has been framed almost exclusively in terms of oil market economics, with most media outlets blaming Saudi Arabia,…
Low Oil Prices Pushing Venezuela Towards Default
Low oil prices are putting major oil producers in a squeeze. The Russian central bank has been forced to cough up foreign exchange in order to defend itself from a…
The Positive Side Of Low Oil Prices
In a year of plummeting oil prices and the dismay it brings to producers and traders, two senior economists at the International Monetary Fund (IMF) haven’t taken their eyes off…
OPEC Ministers Decry Price War Conspiracy Theories
For three weeks, OPEC’s richest and most influential countries were silent about the cartel’s decision on Nov. 27 to maintain production levels at a relatively high rate despite the oil…
Do Falling Oil Prices Raise The Threat Of Deflation?
The spectacular drop in oil prices means that inflation is going to fall even further below the Fed’s 2% target. Does that raise any new risks for the economy? I…
Basic Arithmetic Letting Oil Companies Down
Sesame Street is better at math than the oil companies are right now. Virtually every midsized oil exploration and production company has recently claimed not only to maintain production levels…
Strike While The Majors Are Cheap
This big collapse in the price of oil that has occurred in the second half of this year is the result of a combination of factors. Dollar strength as other…
Oil Price Scenarios For 2015 And 2016
A couple of weeks ago I had a post titled The 2014 Oil Price Crash Explained. In this post I use the empirical supply and demand dynamic described in…
Sanctions, Oil Prices Push Russia Into Currency Crisis
As oil prices show no sign of recovery, Russia is facing a sudden and acute currency crisis. Oil prices have essentially dropped by half in just a few months, and…
Don’t Expect Low Oil Prices To Last For Long
When I last wrote about the global supply of oil, it was back in October, as the fall in oil prices was developing. Since then the price has continued to…
How Will US Fed React To Low Oil Prices
Falling oil prices are the newest wrench in the Fed’s decision making, but the effect might seem counter-intuitive. Since the Fed’s last meeting in October, oil prices have fallen 25%.…
The Hidden Costs Of Cheap Oil
As a consumer of oil, you may regard recent sharp declines in the world oil price as a blessing. But... If you work in the oil industry, you will not.…
OPEC Denies Price War, Shows Faith In Markets
OPEC Secretary-General Abdullah al-Badri is urging the cartel’s 12 members to maintain production and exploration despite a lower demand for oil. Yet al-Badri told an energy conference in Dubai on…
Low Oil Prices Could Point To A More Serious Problem
West Texas Intermediate sold for $105 a barrel at the start of July, but ended last week at $58. The most important factor has been surging U.S. production. But…
