 |
Louisiana Light • 4 days | 87.09 | +0.49 | +0.57% | ||
|
Bonny Light • 1 day | 88.20 | -0.49 | -0.55% | ||
|
Opec Basket • 4 days | 87.52 | +0.17 | +0.19% | ||
|
Mars US • 172 days | 77.26 | -1.51 | -1.92% | ||
|
Gasoline • 11 mins | 2.665 | -0.021 | -0.77% |
|
Bonny Light • 1 day | 88.20 | -0.49 | -0.55% | ||
|
Girassol • 1 day | 88.64 | -0.56 | -0.63% | ||
|
Opec Basket • 4 days | 87.52 | +0.17 | +0.19% |
|
Peace Sour • 6 hours | 75.10 | -0.32 | -0.42% | ||
|
Light Sour Blend • 6 hours | 78.15 | -0.32 | -0.41% | ||
|
Syncrude Sweet Premium • 6 hours | 85.10 | -0.32 | -0.37% | ||
|
Central Alberta • 6 hours | 75.50 | -0.32 | -0.42% |
|
Eagle Ford • 4 days | 79.62 | +0.41 | +0.52% | ||
|
Oklahoma Sweet • 4 days | 79.75 | +0.50 | +0.63% | ||
|
Kansas Common • 6 days | 73.00 | -2.50 | -3.31% | ||
|
Buena Vista • 5 days | 86.90 | +0.04 | +0.05% |
Rising Middle East Risk Sparks Fear of $100 Oil
In case of further escalation,…
Geopolitical Tensions Fail to Spark Oil Price Surge
The fluctuating prices in response…
Energy / Oil Prices
‘’Oil Market Rebalancing Hasn’t Even Started Yet’’
Global oil production surged in June “as producers opened the taps,” according to a new report from the International Energy Agency (IEA). OPEC was a major culprit, with Libya and…
Capping Libya, Nigeria Output Won’t Help Erase The Glut
The steady recovery of oil production in Libya and Nigeria in recent months has prompted OPEC to consider limiting the output of the two African producers that are currently…
IEA: Market Shows Waning Confidence In Oil Rebalancing
The rebalancing of the oil market is taking too long, the International Energy Agency (IEA) said in its Oil Market Report on Thursday. Since the record net long position…
Halliburton Sees Oil Price Spike By 2020
U.S. construction and fracking major Halliburton believes the oil market crash that has lasted three years will cause oil prices to spike by the year 2020, according to World Oil.…
Are Supermajors Spooked By Peak Oil Demand?
Will the world’s appetite for crude oil ever be sated? For decades, it was widely presumed that demand for petroleum would grow steadily in line with the expansion of the…
Oil Markets Pessimistic Despite Bullish News
The sentiment in the oil market has soured so much over the past two months that investors seem to be reacting to every piece of bearish news, and largely ignoring…
Goldman: Oil Prices To Fall Below $40 If Shale Doesn’t Slow
Oil prices could soon fall below $40 per barrel if there isn’t a sustained drawdown in U.S. crude inventories and rig counts or without bold action from OPEC. That prediction…
World’s Biggest Oil Traders Zero In On Shale Hot Spots
U.S. shale oil is in the spotlight once again, this time not as a deterrent to a price improvement, but as the future of the global oil industry. It’s just…
Strong Demand Expectations To Lift Oil Prices
Optimism about crude oil demand in the coming weeks has helped prices to recover somewhat, but the sustainability of the improvement is highly uncertain. Bank of America Merrill Lynch is…
The Major Wildcard That Could Send Oil To $120
The latest rally in oil prices ran up against a wall yet again, and the same fears about oversupply have not receded in the slightest. The expectation from most oil…
OPEC’s “Whatever It Takes” Is An Empty Promise
High demand for air conditioning and fuel for road trips make summer the best time for the Organization of Petroleum Exporting Countries (OPEC) to cut production or exports to end…
Low Oil Prices Lead To Fastest Mature Fields Decline In 25 Years
The lower-for-longer oil prices are leading to the fastest drop in crude output of mature conventional fields in 25 years as companies cut spending on older fields, Bloomberg reports, citing…
What Oil Bulls Don’t Know About Global Inventories
Dispensing his usual dose of optimistic crude oil buzzkill, Bloomberg energy strategist Julian Lee points out something troubling to both OPEC and those who are hoping that the latest…
Citi: Demand Growth Could Push Oil To $60 By Christmas
Crude oil prices could jump to US$60 a barrel by this year’s end thanks to growing demand and lower OPEC supply, according to Citigroup’s senior energy analyst Eric Lee, as…
Will Oil Inventories Continue To Fall Over The Summer?
Crude oil inventories fall 6.3 million barrels; WTI climbs from $45 to $46.50 and back Crude oil inventories decreased by approximately 6.3 million barrels in the week ended June 30.…
The Other Culprits Of The Oil Price Crash
It is no surprise that oil prices continue to fall when you look at the rising tide of oil production around the world.Source: Financial…
The Break-Even Myth Is Suffocating Oil Stocks
Oil prices, as I have said for the last few columns, seem range-bound. But rarely do they remain range-bound for long. As oil’s pessimism begins to gain steam, oil stocks…
Oil Prices Tank As OPEC Exports Surge
Six months after the implementation of the OPEC production cut deal to reduce output by 1.2 million barrels per day, and we should be well on our way towards rebalancing…
Don’t Count On Seasonality To Boost Oil Prices
Seasonality is a concept well understood by the capital markets. Take adages such as “Sell in May and go away,” which reputedly has its origin in the North American mining…
Russian Energy Minister: No Additional Output Cuts Are Needed
While the oil market is increasingly questioning if OPEC/non-OPEC’s production cuts have any effect, Russia’s Energy Minister Alexander Novak weighed in on Thursday, saying that the production cut pact…
