 |
Louisiana Light • 3 days | 87.12 | +0.03 | +0.03% | ||
|
Bonny Light • 1 day | 89.32 | +0.45 | +0.51% | ||
|
Opec Basket • 3 days | 86.51 | -1.01 | -1.15% | ||
|
Mars US • 174 days | 77.26 | -1.51 | -1.92% | ||
|
Gasoline • 10 mins | 2.731 | -0.004 | -0.13% |
|
Bonny Light • 1 day | 89.32 | +0.45 | +0.51% | ||
|
Girassol • 1 day | 89.90 | +0.45 | +0.50% | ||
|
Opec Basket • 3 days | 86.51 | -1.01 | -1.15% |
|
Peace Sour • 8 hours | 76.01 | -0.55 | -0.72% | ||
|
Light Sour Blend • 8 hours | 79.06 | -0.55 | -0.69% | ||
|
Syncrude Sweet Premium • 8 hours | 86.01 | -0.55 | -0.64% | ||
|
Central Alberta • 8 hours | 76.41 | -0.55 | -0.71% |
|
Eagle Ford • 3 days | 79.33 | -0.29 | -0.36% | ||
|
Oklahoma Sweet • 6 days | 79.75 | +0.50 | +0.63% | ||
|
Kansas Common • 2 days | 73.50 | +0.50 | +0.68% | ||
|
Buena Vista • 3 days | 87.02 | -0.29 | -0.33% |
Standard Chartered Says Peak Oil Demand Is Not Imminent
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Energy
Argentina Narrowly Avoids Another Oil Industry Crisis
Crisis-torn Argentina has managed to avert another disaster in its economically crucial hydrocarbon sector. Many institutional investors are unhappy with Buenos Aires’ sovereign debt restructuring
Australia’s Fuel Security Crisis Is Growing Increasingly Dire
Australia’s fuel security is becoming an increasingly imminent challenge for the country as another refinery closes in Melbourne. With the country’s already high import bill climbing, experts are…
How Bad Was Big Oil’s Earnings Season?
The five integrated oil super majors closed their financial books for 2020 and their numbers looked dreadful. However it could have been worse. Their revenues fell an incredible 36%, from…
Qatar Scrambles To Reclaim LNG Throne
Qatar’s move to sanction the $30 billion North Field Expansion project puts the country on track to return as the world’s largest LNG producer by 2030, a Rystad Energy report…
OPEC Revises Down Global Oil Demand Forecast For 2021
OPEC expects oil demand to rise by 5.8 million barrels per day (bpd) this year, down by around 100,000 bpd from last month’s projection due to lockdowns in major developed…
IEA: OPEC+ To Further Ease Cuts Amid Quickly Drawing Oil Stocks
While the oil market rebalancing looks fragile in the first quarter of 2021, global oil stocks are expected to rapidly draw down in the second half of this year as…
Shell Says Its Oil Production Has Peaked
Anglo-Dutch supermajor Shell has reaffirmed its commitment to becoming a net-zero company by 2050, saying that its oil production peaked in 2019 and is set for a…
How Much Higher Can Oil Prices Go?
Oil prices have rallied back to the point they are almost ready to match pre-Covid levels. There are two key drivers for this miracle, which no one predicted early on…
The Most Fragile Oil Price Rally In History
Brent crude could hit $70 or even $80 a barrel by the end of this year, one hedge fund manager says. It could top $100 next year, an energy analyst…
Iran’s Geopolitical Powerplay Continues With Iraqi Oil Deals
It was no coincidence that just over a month after staunch U.S. ally-Israel and the United Arab Emirates declared that they would normalise relations and Israel and Bahrain did…
Corporate Investment In Battery Tech Has Exploded
At a time when the Covid-19 pandemic continues to decimate the global transport sector, the EV trajectory has remained incredibly bullish. S&P Global has reported that global EV sales
Oil Major Total Sees 10 Million Bpd Supply Gap In 2025
France's supermajor Total is warning that the world could find itself with a shortfall of supply of 10 million barrels per day (bpd) between now and 2025, due to continued…
Rosneft Stake Becomes Headache For Oil Major BP
While BP was unveiling its strategy to reinvent itself from an international oil company to an integrated energy company in London last year, thousands of miles away Russian giant Rosneft—in…
The Oil Price Slump Crippled Colombia’s Economic Recovery
Colombia is not a country usually associated with crude oil. Low proven petroleum reserves and falling production see Colombia rank well behind many of the global oil heavyweights,…
Gasoline Demand Faces Weakness Despite Vaccine Rollout
In the latest sign yet that the global vaccination effort was falling way short of expectations, institutional traders are shunning gasoline futures in favor of other contracts. Forecasts that gasoline…
Major Crude Draw Sends Oil Prices Higher
Crude oil prices rose today after the Energy Information Administration reported a crude oil inventory draw of 6.6 million barrels for the week to February 5. Gasoline and middle…
Oil Prices Post Longest Winning Streak In Two Years
After falling in early Asia trade, oil prices firmed up on Wednesday morning ET and extended their rally for nine straight days—the longest streak of consecutive daily gains in two…
Morgan Stanley: Gasoline Industry Is About to Become Totally Worthless
The average energy investor is by now well aware of the sector's monumental shift from fossil fuels to renewable energy. Coal-powered power plants have been shuttering at an alarming clip…
Can Exxon Bounce Back From A Disasterous 2020?
Globally integrated energy supermajor ExxonMobil was severely mauled during 2020. The company reported a massive 2020 full-year loss of $22 billion, its worst…
Can The Steel Industry Survive Without Coal?
The world is moving steadily away from coal. The emissions-heavy fossil fuel is public enemy number one in many, if not most, clean energy and climate smart initiatives…
