 |
Louisiana Light • 2 days | 86.60 | -0.08 | -0.09% | ||
|
Bonny Light • 2 days | 88.73 | -1.64 | -1.81% | ||
|
Opec Basket • 2 days | 87.35 | -2.29 | -2.55% | ||
|
Mars US • 168 days | 77.67 | -1.57 | -1.98% | ||
|
Gasoline • 11 mins | 2.716 | +0.002 | +0.09% |
|
Bonny Light • 2 days | 88.73 | -1.64 | -1.81% | ||
|
Girassol • 2 days | 89.30 | -1.63 | -1.79% | ||
|
Opec Basket • 2 days | 87.35 | -2.29 | -2.55% |
|
Peace Sour • 4 hours | 75.30 | -0.05 | -0.07% | ||
|
Light Sour Blend • 4 hours | 78.35 | -0.05 | -0.06% | ||
|
Syncrude Sweet Premium • 4 hours | 85.30 | -0.05 | -0.06% | ||
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Central Alberta • 4 hours | 75.70 | -0.05 | -0.07% |
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Eagle Ford • 2 days | 79.21 | +0.04 | +0.05% | ||
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Oklahoma Sweet • 2 days | 79.25 | +0.00 | +0.00% | ||
|
Kansas Common • 3 days | 73.00 | -2.50 | -3.31% | ||
|
Buena Vista • 3 days | 86.86 | -2.40 | -2.69% |
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Energy / Oil Prices
The OPEC Elixir Wasn’t Potent Enough
Friday May 26, 2016 In the latest edition of the Numbers Report, we’ll take a look at some of the most interesting figures put out this week in the energy…
Falling OPEC Exports Create Upside For Oil Prices
No sooner had the dust settled after the conclusion of the latest OPEC meeting (with oil traders selling the market like hot cakes), we got Saudi oil minister Khalid…
Why OPEC Couldn’t Move Oil Prices Higher
The latest OPEC meeting was uncharacteristically tranquil, with little of the eleventh hour infighting and arm-twisting that has been so prevalent in previous meetings. The cooperative spirit has allowed OPEC…
Oil Crashes To $48 Handle As Iran Says It Won’t Cut Output
Iran’s current crude oil output level will not be reduced under the extension of the OPEC production cuts, Iranian Oil Minister Bijan Zanganeh was quoted as saying on Thursday. “Iran’s…
Goldman: Oil Glut To Return When OPEC Deal Expires
OPEC is about to extend its production cuts for another nine months in an effort to bring the oil market back into balance. Keeping in place the 1.2 million barrels…
OPEC Monitoring Committee Proposes Nine-Month Extension
In the end, the OPEC Vienna meeting - which technically won't conclude until tomorrow - was anticlimatic, with the recommendation by Joint OPEC-Non-OPEC Ministerial Monitoring Committee in line with what…
Iraq Could Make Or Break The OPEC Deal
The markets are betting that the OPEC extension is all but guaranteed after Saudi Arabia and Russia announced their intention to support a nine-month extension. Saudi energy minister Khalid al-Falih…
Saudi Finance Minister: “I Wouldn't Care If The Oil Price Is Zero"
The Saudi Deputy Crown Prince Mohammed bin Salman unveiled the nation’s ambitious “Vision 2030” in an interview with Al-Arabiya in April. The roadmap lays out a wide variety of economic…
The 5 Possible Outcomes Of The OPEC Meeting
The highly-anticipated OPEC meeting will take place this week, but unlike the last few meetings, the hype and excitement is much less palpable. That is largely because the end result…
Russia And The Saudis: An Oil Marriage Of Convenience
President Donald Trump’s visit to Saudi Arabia last week was full of pageantry, defense agreements and rhetoric extolling the decades-long Saudi-US alignment. Among the various strategic interests bringing Riyadh and…
Oil Prices Rise As Saudis Discuss OPEC Deal Extension With Iraq
Saudi Arabia’s Oil Minister Khalid al-Falih is meeting with Iraqi Oil Minister Jabar Ali al-Luaibi in Baghdad on Monday as OPEC’s de facto leader is trying to persuade fellow cartel…
OPEC Thinks Deeper Cuts Might Not Be Required
The addition of another couple of smaller producers to the OPEC-non-OPEC oil production cut deal will be enough to bring global supply to a more acceptable level. That’s what Saudi…
Oil Prices Rise As OPEC Discusses Deeper Output Cuts
OPEC is discussing a potential deepening of crude oil output cuts in a bid to accelerate market rebalancing, sources from the cartel told Reuters. The news came as the group’s…
‘’Too Big To Hedge’’ Goldman Explains The Rationale Behind The OPEC Deal
The key for OPEC in balancing the oil market is to flip the futures curve. Goldman Sachs warned that until the oil futures market moves decidedly into a state of…
Oil Prices Rise As Most OPEC Members Back Deal Extension
Oil prices erased early losses to rise on Thursday afternoon after Algeria’s Energy Minister Noureddine Boutarfa said that most OPEC producers are supporting the Saudi-Russian proposal for an extension of…
Can U.S. LNG Compete With Qatar, Australia?
Last week, the LNG world was a buzz with news that the U.S. had finally agreed to export LNG to China based on the May 11, 2017 announcement by the…
Has Global Oil Demand Really Surpassed Supply?
Oil inventories are falling around the world, a sign that the global oil market has already moved from supply glut into a deficit, according to the IEA’s latest Oil…
OPEC’s No.2 and 3 Back Deal Extension
OPEC’s no.3 producer, Iran, will likely support the Saudi-Russian proposal to extend the oil production cuts into March 2018 if all other producers are also on board, sources familiar with…
OPEC Expects U.S. Driving Season To Save Oil Prices
Prices enjoyed a boost last week from encouraging inventory reports. Both the EIA and the API reported large draws on crude inventories, signaling that demand appeared to be catching up…
Non-OPEC Compliance Lags At 66% As OPEC Seeks To Extend Deal
The non-OPEC producers that have signed up to the production cut deal reached a compliance rate of 66 percent in April, up from 51 percent in March, according to the…
