 |
Louisiana Light • 2 days | 86.68 | -2.47 | -2.77% | ||
|
Bonny Light • 1 day | 88.73 | -1.64 | -1.81% | ||
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Opec Basket • 2 days | 89.64 | -0.54 | -0.60% | ||
|
Mars US • 168 days | 77.67 | -1.57 | -1.98% | ||
|
Gasoline • 10 mins | 2.705 | -0.009 | -0.32% |
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Bonny Light • 1 day | 88.73 | -1.64 | -1.81% | ||
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Girassol • 1 day | 89.30 | -1.63 | -1.79% | ||
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Opec Basket • 2 days | 89.64 | -0.54 | -0.60% |
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Peace Sour • 4 hours | 75.30 | -0.05 | -0.07% | ||
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Light Sour Blend • 4 hours | 78.35 | -0.05 | -0.06% | ||
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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 | 79.17 | -2.67 | -3.26% | ||
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Oklahoma Sweet • 2 days | 79.25 | -2.50 | -3.06% | ||
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Kansas Common • 2 days | 73.00 | -2.50 | -3.31% | ||
|
Buena Vista • 2 days | 86.86 | -2.40 | -2.69% |
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Energy / Oil Prices
Oil Prices Plunge After Crude Inventories Rise To New Highs
A day after the American Petroleum Institute estimated commercial U.S. crude oil inventories hade declined by 1.83 million barrels last week and amid an unplanned production outage at…
This Non-OPEC Member Just Called For An Extension Of The OPEC Deal
Non-OPEC Oman will continue to cap its crude oil output at 970,000 bpd this year if OPEC and non-OPEC countries were to extend the production cuts through the end of…
Why An OPEC Deal Extension Won’t Lift Oil Prices
Oil prices rallied more than 4 percent over the past week on rising expectations of an extension of the OPEC deal. Kuwait and several other OPEC members voiced support for…
Saudis To Cut Crude Prices To Asia, Again
Abundant supply of light oil in Asia and weaker demand amid some seasonal refinery maintenance will likely prompt Saudi Arabia to cut the official selling price for most of its…
Is Gasoline Demand On The Rise?
A common refrain one hears these days from market bulls and reads in long-term analyses is that by 2020, the current glut in supply and decline in prices will be…
There Is No Such Thing As Peak Oil Demand
Notwithstanding that oil demand has increased for over 150 years, it will eventually stop increasing. If oil demand were to reach an actual peak, then the top might be easier…
OPEC Weighs Extension As Oil Markets Start To Lose Their Nerve
To extend or not extend? Officials from OPEC and a select few non-OPEC countries met over the weekend to review the state of the oil market, monitor their progress and…
4 Factors Driving Oil Prices This Summer
Uncertainty is dominating today’s oil markets, with production cuts, ballooning inventories and a rising rig count all adding to oil price volatility. And as the summer driving season approaches and…
Pro-Extension Voices In OPEC Become Louder
In a statement, the joint committee of seven oil ministers from the parties to the cut said that the deal could be extended for another six months, depending on…
How Much Further Oil Could Fall
It’s been a relatively quiet week in the crude oil market with prices continuing to drift lower in search of a balance point. The stories driving the price action didn’t…
Goldman Sachs: OPEC’s Influence On Oil Prices Is Dwindling
In a research note, Goldman Sachs has effectively demoted OPEC from a price setter to a mere inventory manager, with the cartel’s long-term control over international oil prices diminishing…
Oil Has Room To Fall As Speculators Bail On Bullish Bets
Last week, after WTI dipped to $48, it seemed to firm up a bit on assurances from OPEC regarding compliance with its cuts, and a better-than-expected report from the…
The Oil Price Roller Coaster Is Not Over Yet
Despite the clamor being raised by “analysts” portending a bloodbath in oil prices during the sharp decline late last week, neither the underlying market dynamics nor the oil trading contracts…
Oil And Gas States Forced To Cut Education Spending
The oil price slump has put pressure on the budgets of the U.S. oil and coal states that have been struggling with lower energy tax revenues and difficult decisions about…
Tax Breaks Could Save U.S. Oil Industry Billions
A tax reform proposed by the Trump administration could free up to $10 billion annually for the U.S. oil industry and maybe encourage more investments in additional production. Leaving…
EIA And OPEC Send Oil Prices Tumbling
The double whammy of yesterday's EIA drilling productivity report - showing rampantly rising shale production next month - combined with a bearish OPEC monthly oil market report, has sent oil…
New Oil Price War Looms As The OPEC Deal Falls Short
Last November, OPEC orchestrated an impressive feat: corralling all (or nearly all) of its members to sign on to relatively aggressive production cut deal, and then actually convincing everyone to…
U.S. Shale Kills Off The Oil Price Rally
Oil prices plunged on Wednesday and Thursday, dropping to their lowest levels since December when the optimism surrounding the OPEC deal was just getting underway. WTI dipped below $50 for…
Oil Prices Continue Plunging As Speculators Rush For The Exit
After having dipped 5 percent on Wednesday, oil prices continued plunging on Thursday by more than 2 percent, as speculators have started exiting the nearly record long positions in…
Goldman Sachs Sees ‘’Long-term’’ Oil Prices Below $60
Oil prices will settle in the $55-$60 range in the long term, according to Jeff Currie, the lead commodities researcher at Goldman Sachs, who spoke to Bloomberg this week regarding…
