 |
Louisiana Light • 2 days | 87.12 | +0.03 | +0.03% | ||
|
Bonny Light • 1 day | 88.87 | +0.67 | +0.76% | ||
|
Opec Basket • 2 days | 86.51 | -1.01 | -1.15% | ||
|
Mars US • 173 days | 77.26 | -1.51 | -1.92% | ||
|
Gasoline • 11 mins | 2.724 | -0.002 | -0.07% |
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Bonny Light • 1 day | 88.87 | +0.67 | +0.76% | ||
|
Girassol • 1 day | 89.45 | +0.81 | +0.91% | ||
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Opec Basket • 2 days | 86.51 | -1.01 | -1.15% |
|
Peace Sour • 5 hours | 76.56 | +1.46 | +1.94% | ||
|
Light Sour Blend • 5 hours | 79.61 | +1.46 | +1.87% | ||
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Syncrude Sweet Premium • 5 hours | 86.56 | +1.46 | +1.72% | ||
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Central Alberta • 5 hours | 76.96 | +1.46 | +1.93% |
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Eagle Ford • 2 days | 79.33 | -0.29 | -0.36% | ||
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Oklahoma Sweet • 5 days | 79.75 | +0.50 | +0.63% | ||
|
Kansas Common • 2 days | 73.00 | -0.50 | -0.68% | ||
|
Buena Vista • 5 days | 87.31 | +0.41 | +0.47% |
Traders Became More Bullish on Oil As Middle East Risk Surged
The crude oil net long…
Rising Middle East Risk Sparks Fear of $100 Oil
In case of further escalation,…
Energy / Oil Prices
Oil Falls As OPEC Production Hits Record In September
The International Energy Agency reported today that crude oil output in OPEC reached a new record of 33.64 million barrels per day, causing crude oil prices to tick back…
Oil Surges To One-Year High As Putin Backs OPEC Deal
Crude oil prices have jumped to almost one-year high's on Monday in a shocking turn of events as Russian President Vladimir Putin disclosed that Russia was ready to join…
Where Are Oil Prices Heading?
In this post I present developments in world crude oil (including condensates) supplies since January 2007 and up until June 2016. I then take a closer look at petroleum demand…
Could The Bottom Fall Out Of This Oil Rally?
The oil markets will have to wait almost two more months before the uncertainty surrounding the pending OPEC deal is settled, so in the meantime a renewed focus on the…
OPEC Has Just Put A Floor Under Oil Prices
The stunning news of a tentative OPEC agreement out of Algiers caught just about every trader flat-footed. Speculative short positions in oil had been growing, and oil markets and oil…
Will The OPEC Deal Lead To A New Shale Boom?
Is Saudi’s Market Share War Over, Is It On-Hold, or Is It Still Coming? OPEC surprised the markets when word came out that for the first time in eight…
How Long Will OPEC Hot Air Continue To Fuel Oil Prices
OPEC shocked the oil markets on Wednesday, moving past their differences to agree on the first collective production cut since the global financial crisis. The surprise agreement sent oil prices…
Is Russia About To Ruin The Oil Price Revival?
Russian Energy Minister Alexander Novak said that Russia has no immediate plans to change its current level of oil output, which is at near-record levels. Despite the low oil price…
Goldman Sachs: OPEC Freeze Could Add $10 To Oil Prices
Oil barrel prices could climb between US$7 and US$10 by the end of the first half of 2017, according to Goldman Sachs analysts. Yesterday, OPEC surprised nearly everyone and…
Where Will Oil Prices Go After Algiers?
Saudi Arabia and Iran may yet come to terms on some sort of production arrangement, but the outcome of the negotiations in Algeria this week may not do much…
Oil Slides As Iran Turns Down Saudi Offer
As the euro tumbles and optimism wanes from Algiers, oil prices are charging lower ahead of a likely build to crude inventories in tomorrow's weekly inventory report. Hark, here are…
Goldman Sachs Cuts Oil Price Target From $50 To $43
While we await every new headline out of Algiers, overnight Goldman threw in the towel on its "transitory" oil market bullishness, and in a note by Damien Courvalin looking "Beyond…
Desperate Saudi Arabia Offers To Cut Production By 500,000 Barrels
Saudi Arabia's oil policy, unveiled just under two years ago at the November 2014 OPEC meeting where it effectively splintered the OPEC cartel by announcing it would produce excess quantities…
Oil Rises, Skepticism Too, As OPEC Meets To Talk Output Deal
Crude prices rallied on Monday as OPEC members gathered in Algiers to start discussing possible joint moves to prop up the market, but investors are increasingly bearish, and last week,…
Only An OPEC Miracle Can Save Venezuela
Oil producers could see a $10 to $15 spike in barrel prices if the world’s energy leaders agree on a freeze in new output next week, Venezuelan Oil Minister Eulogio…
What If The Oil Rebound Never Happens?
Oil prices are hovering in the mid-$40s per barrel, and the hopes of a rebound have once again been delayed. The IEA’s September Oil Market Report predicts that the…
How To Trade The OPEC Meeting
There has been a lot written, and even more said, about the “unofficial” meeting of oil producers that will take place early next week in Algiers. OPEC members and a…
Is This The Biggest Wildcard For Oil Prices This Month?
It’s been a tough couple of weeks for oil investors. With crude prices having descended back to near $40 per barrel, after making a run close to $50 in mid-August.…
Goldman Sachs Crushes Hopes Of Oil Price Recovery
Goldman Sachs has been extremely pessimistic about the oil market over the last year and a half, and the latest from their head of commodity research, Jeff…
How Big An Impact Will A Rate Hike Have On Oil Prices?
Oil prices could be facing a significant jolt after Federal Chair Janet Yellen, in her annual speech at the Jackson Hole economic symposium in Wyoming, said that the…
