 |
Louisiana Light • 2 days | 86.49 | -0.63 | -0.72% | ||
|
Bonny Light • 21 hours | 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 • 19 mins | 2.767 | +0.009 | +0.33% |
|
Bonny Light • 21 hours | 88.40 | -0.92 | -1.03% | ||
|
Girassol • 21 hours | 89.03 | -0.87 | -0.97% | ||
|
Opec Basket • 2 days | 88.45 | +1.94 | +2.24% |
|
Peace Sour • 20 hours | 76.01 | -0.55 | -0.72% | ||
|
Light Sour Blend • 20 hours | 79.06 | -0.55 | -0.69% | ||
|
Syncrude Sweet Premium • 20 hours | 86.01 | -0.55 | -0.64% | ||
|
Central Alberta • 20 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 • 21 hours | 73.75 | +0.75 | +1.03% | ||
|
Buena Vista • 2 days | 87.23 | -0.55 | -0.63% |
Breaking News:
Traders Became More Bullish on Oil As Middle East Risk Surged
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Higher oil prices are expected…
Energy / Oil Prices
What’s Next For Oil As Prices Go Negative?
Oil prices crashed through zero, closing out the day at -$37 per barrel, an unprecedented meltdown. There are mitigating circumstances to these insane numbers. The prices for…
$0 Oil Forces Canada To Shut Down Crude Production
Canadian oil companies have begun shutting down steam-driven oil sands production projects as prices continue to fall, Reuters reports, noting the move could have dire long-term consequences for the production…
U.S. Oil Prices Fall To $11 Per Barrel In Historic Crash
The front-month WTI crude contract crashed by 37 percent early on Monday as the May contract expires on Tuesday and the market fears there is not much storage left in…
Oil Prices Hit $15 For The First Time In 21 Years
A gruesome combination of crumbling demand for crude and global storage filled to its brim has pushed oil prices to levels not seen in over two decades. U.S. benchmark, West…
U.S. Oil Crashes Below $20 On Record Demand Plunge
WTI Crude prices tumbled early on Wednesday to below $20 a barrel, after the International Energy Agency warned of a record oil demand slump this year, adding additional bearish tilt…
Oil Prices Plunge On Grim IMF Economic Forecast
As if oil prices needed any more help on their downward spiral towards the teens, The IMF just slashed global growth to the worst since the '30s.…
Gazprom Neft CEO: Oil Could Hit $45 This Year
If US states ease national lockdowns and oil demand improves, oil prices could recover to $40-$45 a barrel by the end of this year, the chief executive of Gazprom Neft
OPEC+ Deal Is “Too Little And Too Late”
“The historic agreement that we saw…is only 10 mb/d. But that is only half of the story,” U.S. Secretary of Energy Dan Brouillette said
Goldman Sachs: Don’t Expect Oil Prices To Rise On Historic Oil Deal
Even though oil producers finally agreed to cut production by nearly 10 million bpd, the deal will fail to support oil prices in the coming weeks as the agreement, albeit…
Oil Could Fall Back To $20
Oil demand is set to plunge by as much as 27 million barrels per day (mb/d) in April, a decline larger than anything that has occurred in the history of…
Oil Prices Tank Despite 10 Million Barrel Per Day Production Cut
OPEC++ may have reached today a commitment to cut 10 million bpd of oil production in both May and June, but oil prices reacted poorly…
Global Oil Producers Agree On Joint 10 Million Bpd Output Cut
OPEC has succeeded. On Thursday, the OPEC++ group agreed, in principle, to cut 10 million bpd in oil production, according to media. But will it be enough? Today’s oil prices…
Oil Spikes After Algeria Says OPEC+ Cuts Could Reach 10 Million Bpd
The price of a West Texas Intermediate barrel of oil shot up on Wednesday afternoon by nearly 7% shortly after OPEC’s President gave the market fresh optimism…
When Will Oil Bounce Back?
Last week saw oil move jump in the largest two-day percentage increase in history. A similar movement was seen in Brent, moving back into the mid-$30’s. In a…
The World’s Biggest Oil Deal Can’t Save Crude Prices
G20 countries are set to send their oil minister for an emergency meeting on Friday, a sign that there is a chance that OPEC and Russia can pull…
OPEC+ Discuss 10 Million Bpd Cut Involving Other Producers
Oil producers from the OPEC+ coalition are discussing the possibility of slashing global crude oil production by 10 million bpd in cooperation with producers from outside the group, a source…
$5 Crude Could Put Canada’s Oil Sands Out Of Business
Over the last few weeks, the higher breakeven costs for oil and the lack of sufficient takeaway capacity has come back to haunt Canada’s oil patch.
Trump Tweet Sends Oil Soaring 25%
Oil prices spiked on Thursday morning after U.S. President Donald Trump said that he spoke with the Saudi Crown Prince, and hoped and expected that Saudi Arabia and…
Trump May Join Oil Talks Between Russia And Saudi Arabia
President Donald Trump said he might join a discussion about oil production and prices with Saudi Arabia and Russia that, according to him, is ongoing. “The two countries are discussing…
Oil Giants Turn On Each Other As Crude Prices Plummet
Scott Sheffield of Pioneer Natural Resources blamed ExxonMobil for blocking help from the American government for the U.S. shale industry. Exxon’s refusal, Sheffield says, is because the oil…
