 |
Louisiana Light • 2 days | 87.12 | +0.03 | +0.03% | ||
|
Bonny Light • 2 days | 88.20 | -0.49 | -0.55% | ||
|
Opec Basket • 2 days | 86.51 | -1.01 | -1.15% | ||
|
Mars US • 172 days | 77.26 | -1.51 | -1.92% | ||
|
Gasoline • 13 mins | 2.722 | +0.036 | +1.35% |
|
Bonny Light • 2 days | 88.20 | -0.49 | -0.55% | ||
|
Girassol • 2 days | 88.64 | -0.56 | -0.63% | ||
|
Opec Basket • 2 days | 86.51 | -1.01 | -1.15% |
|
Peace Sour • 14 hours | 75.10 | -0.32 | -0.42% | ||
|
Light Sour Blend • 14 hours | 78.15 | -0.32 | -0.41% | ||
|
Syncrude Sweet Premium • 14 hours | 85.10 | -0.32 | -0.37% | ||
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Central Alberta • 14 hours | 75.50 | -0.32 | -0.42% |
|
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% |
Breaking News:
Iraq Has No Intention of Restarting Kurdish Oil Pipeline
Baghdad is repairing the Kirkuk-Ceyhan…
Biden Administration's SPR Plans Derailed by Oil Price Surge
The Biden Administration cancels planned…
Uncertainty Drives Investors to Oil Stocks
The reason that investors have…
Energy
Expert Analysis: A Long Road Ahead For OPEC
• WTI rallied to a weekly high of $48.32 mid-day Thursday following OPEC’s announcement that it will agree to limit production to between 32.5m bpd and 33m bpd at their…
Can Oil Hold Onto OPEC Deal Gains?
Oil held onto gains on Friday afternoon after front month contract rolled over to the December contract. (Click to enlarge)
U.S. Rig Count Rises To 7 Month High
The United States saw a seven-site increase in the domestic oil rig count, making this the fourteenth week of no-decline in oil rigs counts, according to the Baker Hughes weekly…
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…
Has Saudi Arabia Pushed OPEC Too Far?
Surely the latest actions by OPEC in Algiers threatens the very core of the cartel, given its members have agreed to something that is going to be extremely difficult to…
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…
Gasoline Demand Set To Collapse
U.S. gasoline consumption in August hit a new peak at 9.7 million barrels a day, a growth in demand that many oil bulls believe will be the driver for higher…
Is The Eagle Ford About To Stage A Comeback?
Eagle Ford has quietly slipped out of the shale boom spotlight over the past couple of years, its place now taken by its Texas neighbor, the Permian, with its easier-to-tap…
Oil Tax To Increase Amid Low Crude Prices
Oil Producing States Fare Differently in Period of Lower Prices It should be no secret that the oil and gas industry tends to carry the heaviest tax burden…
Is The EIA Wrong On Texas Oil Production?
(Click to enlarge) Dean has provided his monthly update for Texas Oil and Natural Gas. The most recent month’s estimate is often volatile…
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…
OPEC Deal Could Fall Apart At The Seams As Iraq Revolts
While historically the major conflict within OPEC in recent years had been between Iran, whose oil production had been mothballed since 2013 as a result of the US embargo and…
The Shakeout Continues: 100 Oil And Gas Bankruptcies Yet To Come
The more than two-year oil bust has led to a shakeout in the oil industry, with high-cost and inefficient drillers forced out of the market. About 100 bankruptcies have been…
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…
9/11 Bill Crashes Saudi Stock Exchange, Bond Market Ambitions
With oil prices continuing to languish below $50 per barrel, the major oil producers in the Middle East are seeing their financial positions deteriorate. To plug the gap in the…
How The Oil Price Slump Affected The Ultra-Rich
Last year, the world’s ultra-rich added a bit more to their combined wealth and now hold a total of US$30 trillion in net assets. The number of individuals owning at…
What Do Driverless Cars Really Mean For Transportation
Headlines surrounding ride sharing apps and autonomous vehicles are nudging into my daily reading list like people butting in front of me in traffic. But I don’t mind. Since the…
Trudeau Pushes Through LNG Megaproject Despite Environmental Concerns
The Canadian federal government has given the green light to the $8-billion Pacific NorthWest LNG project, proposed by Malaysia’s Petronas three years ago. The decision is highly controversial because…
US LNG Exports: Where Did They Go?
It’s been a long time since my last post, which is primarily due to the fact that most of my free time over the summer was devoted to helping write…
Oil Spikes After OPEC Reaches Deal On Output Cap
According to a Reuters source, The Organization of the Petroleum Exporting Countries has in fact reached a deal that will “limit” oil production, and oil prices are in for…
