 |
Louisiana Light • 3 days | 87.12 | +0.03 | +0.03% | ||
|
Bonny Light • 2 days | 88.87 | +0.67 | +0.76% | ||
|
Opec Basket • 3 days | 86.51 | -1.01 | -1.15% | ||
|
Mars US • 173 days | 77.26 | -1.51 | -1.92% | ||
|
Gasoline • 10 mins | 2.725 | 0.000 | -0.01% |
|
Bonny Light • 2 days | 88.87 | +0.67 | +0.76% | ||
|
Girassol • 2 days | 89.45 | +0.81 | +0.91% | ||
|
Opec Basket • 3 days | 86.51 | -1.01 | -1.15% |
|
Peace Sour • 12 hours | 76.56 | +1.46 | +1.94% | ||
|
Light Sour Blend • 12 hours | 79.61 | +1.46 | +1.87% | ||
|
Syncrude Sweet Premium • 12 hours | 86.56 | +1.46 | +1.72% | ||
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Central Alberta • 12 hours | 76.96 | +1.46 | +1.93% |
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Eagle Ford • 3 days | 79.33 | -0.29 | -0.36% | ||
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Oklahoma Sweet • 6 days | 79.75 | +0.50 | +0.63% | ||
|
Kansas Common • 2 days | 73.50 | +0.50 | +0.68% | ||
|
Buena Vista • 3 days | 87.02 | -0.29 | -0.33% |
Breaking News:
Geopolitical Tensions Fail to Spark Oil Price Surge
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Energy / Oil Prices
Turkey Expands Influence In Kurdish Energy Sector
Over the past 12 years, Turkish energy companies have moved into the Kurdish energy sector at great pace in line with the sector’s rapid expansion under the semi-independent government in…
Analysts See OPEC Compliance Erode In H2 2017
OPEC’s compliance with the output cuts will continue to slip in the second half this year, despite recent rhetoric reiterating the cartel members’ commitment to stick to the production quotas,…
Will Oil Demand Growth Be Enough To Tackle Inventories?
Two articles in the Financial Times this week give polar opposite views on the direction for oil prices next year. The first is a report on bets taken by the highly…
Strong Crude Inventory Draws Keep Markets On Edge
After trying to grab ahold of the fifty dollar handle, WTI has lost its grip and is sliding lower in the forty dollardom once more. Even though U.S. inventories look…
These Major Oil Buyers Are Quietly Prepping For A Supply Shock
Continuing major changes in global oil flows this week. With big consumers like Indian Oil Corp and South Korean refiner SK Innovation making their first-ever purchases of U.S. crude exports. And…
Oil Prices Fall To 3-Week Lows On Flurry Of Bearish News
Oil prices continued to fall on Tuesday morning, following a sell-off on Monday triggered by a stronger U.S. dollar, concerns over growing supply from non-OPEC producers, and signs of potential…
Supply Risks Could Push Oil Prices Higher This Week
Oil lost ground in the last few days on slipping OPEC compliance rates and fears of persistent oversupply. But the tightening of the oil market is still proceeding, and there…
Can The Permian Push Prices Down To $40?
Two analyst firms have revised upwards their production growth forecasts for the Permian, expecting oil output there to be 300,000 bpd higher by the end of this year. The…
Oil Prices Slip As Chinese Crude Demand Loses Momentum
Slowly but surely, what we have claimed for the past year - that it is the demand side of the oil equation, not the supply, and especially the "Chinese wildcard" that…
Will Oil Markets Rebalance Before The OPEC Deal Expires?
The oil market is still on track to rebalance, although the pace is “stubborn” and will still take some time, the IEA said in a new report. Market sentiment…
Have Oil Markets Reached A Tipping Point?
Despite bullish conditions led by a huge drawdown in U.S. crude, oil prices were down at the end of the week following less than positive OPEC reports.
Exposing The OPEC Deal Saboteurs
Oil prices have been under pressure again this week. With West Texas Intermediate yesterday falling 2 percent, to below $49 per barrel. And some surprising numbers this week show that…
OPEC Deal In Jeopardy As Exempted Nations Boost Output
All data below is based on the latest OPEC Monthly Oil Market Report. All data is through July 2017 and is in thousand barrels per day.…
Oil Glut Endures As OPEC Confirms Higher Output
OPEC confirmed reports that its crude oil production increase last month, reporting a daily rate of 32.869 million barrels, up by 172,600 bpd. Global commercial oil stocks in the…
A Red Flag For Oil? China’s Crude Imports Drop To 7-Month Low
Chinese crude oil imports in July dropped to their lowest level in seven months, although they rose 12 percent on an annual basis, according to calculations made by Reuters…
The $50 Billion Backlog Of U.S. Energy Projects
For six months, the Federal Energy Regulatory Commission (FERC) lacked the voting quorum necessary to authorize construction of oil and gas pipeline projects and LNG export terminals. Last week,…
Oil Prices Fall As Libya’s Biggest Oil Field Comes Back Online
More drama in embattled oil producer Libya this week. With reports suggesting the country’s largest oil field has once again been endangered by local fighting. Reuters reported early Monday that…
Are Strong U.S. Crude Inventory Draws Sustainable?
The decline in U.S. comparative inventories since February is the most significant oil market development since prices collapsed three years ago. It means that U.S. demand has exceeded supply for…
Venezuela Rebellion Could Send Oil To $80
Venezuela’s deteriorating crisis is “going to be the biggest geopolitical story to watch in the oil markets," according to Helima Croft of RBC Capital Markets. The economic, political and security…
Shale Lemmings Retreat As Price Recovery Stalls
If we could make up one bankable investment rule for oil stocks for the past three years – it would be to note precisely what oil companies are planning for…
