 |
Louisiana Light • 1 day | 86.49 | -0.63 | -0.72% | ||
|
Bonny Light • 1 day | 89.32 | +0.45 | +0.51% | ||
|
Opec Basket • 1 day | 88.45 | +1.94 | +2.24% | ||
|
Mars US • 174 days | 77.26 | -1.51 | -1.92% | ||
|
Gasoline • 10 mins | 2.725 | -0.009 | -0.33% |
|
Bonny Light • 1 day | 89.32 | +0.45 | +0.51% | ||
|
Girassol • 1 day | 89.90 | +0.45 | +0.50% | ||
|
Opec Basket • 1 day | 88.45 | +1.94 | +2.24% |
|
Peace Sour • 10 hours | 76.01 | -0.55 | -0.72% | ||
|
Light Sour Blend • 10 hours | 79.06 | -0.55 | -0.69% | ||
|
Syncrude Sweet Premium • 10 hours | 86.01 | -0.55 | -0.64% | ||
|
Central Alberta • 10 hours | 76.41 | -0.55 | -0.71% |
|
Eagle Ford • 1 day | 79.29 | -0.04 | -0.05% | ||
|
Oklahoma Sweet • 1 day | 79.25 | -0.50 | -0.63% | ||
|
Kansas Common • 2 days | 73.50 | +0.50 | +0.68% | ||
|
Buena Vista • 3 days | 87.02 | -0.29 | -0.33% |
China Is Winning The Race for Affordable EVs
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Small Banks Significantly Boost Loans to Oil And Gas Firms
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U.S. Oil and Gas Boom Poses Challenge to Climate Goals
Despite renewable energy efforts, the…
Energy
Saudi Arabia, Kuwait Halt Oil Production In Neutral Zone
Oil production the neutral zone between Saudi Arabia and Kuwait has stopped until the parties reach an agreement, Kuwaiti state news agency KUNA reported on Tuesday, citing Kuwait’s Oil…
China Is About To Disrupt Natural Gas Markets
The Paris-based International Energy Agency (IEA) said in its Gas 2018 annual report on Tuesday that China will become the world’s top natural gas importer, boosted by liquefied natural…
Oil Bulls Are Back On Outages
Fears of another downturn in prices in the lead up to the OPEC meeting are now in the rearview mirror, with oil prices continuing to climb since the announcement.
Oil Prices Spike Despite Saudi Plan For Unprecedented Oil Export Surge
Update: So much for any drop in the price after the Saudi production boost report: the market appears far more focused on the news of a potential sharp drop in Iran…
Iran Blames OPEC For Vague Output Agreement
OPEC and its non-OPEC partners, including Russia, have agreed to increase oil production after meetings on Friday and Saturday. The production increase will start in July by “measurable” supply…
Power Grab In Libya Threatens Oil Industry
The Libyan oil plot jut thickened after the Libyan National Army said it had passed control of the country’s oil ports to a non-officially recognized National Oil Corporation affiliated…
The Bullish Truth Of OPEC’s Agreement
Oil prices jumped 5 percent on Friday after the OPEC+ group announced its vague decision to maintain its collective target while lifting country-specific limits on oil production. The result was…
WTI-Brent Spread Narrows On Canada Oil Crisis
The difference between WTI and Brent narrowed significantly over the past few days, as the forces driving the two benchmarks apart seemed to have reversed course. For the past few…
Gasoline Price Set To Soar Despite OPEC+ Deal
Nearly everyone expected the OPEC+ decision to start raising oil production on Friday, with U.S. drivers excited to get some relief from high gas prices at the start of driving…
Norway’s Oil Discoveries On Track For Best Year Since 2010
Higher oil prices and increased efficiency have made companies more optimistic that they could spend more on exploration on the Norwegian Continental Shelf (NCS) this year than they did in…
The Best Solution For Climate Change
If our longer-term goal is to reduce the accumulation of carbon dioxide in the atmosphere (which produces climate change) — there are only four ways to do it. 1) Reduce…
Saudi Oil Minister: OPEC+ Agreement Is Just The Beginning
OPEC’s decision to rein in compliance rates with the 2016 oil production cut deal is “interim”, Saudi Arabia’s Oil Minister Khalid al-Falih said after the meeting as quoted by…
Goldman Blames Canada For WTI Price Spike
While all eyes watched the OPEC saga last week, there was an outage in Canada’s oil sands that will cut production at least through July, supporting the U.S. benchmark prices,…
This Is Aramco’s Spare Production Capacity
Saudi Arabia has a spare oil production capacity of 2 million bpd and is able to meet additional demand in case of disruption of oil supplies, the chief executive…
Gulf Of Mexico Production Expected To Hit Record High
While the U.S. shale production in the Permian has been grabbing most of the market and media attention over the past two years, the Gulf of Mexico has been quietly…
Why OPEC+ Needed To Add More Oil
The OPEC+ group has decided to increase output by aiming to return compliance back to 100 percent, rather than the “over compliance” the group has posted to date. Although…
Korea Rapprochement Could Revive Energy Megaproject
The June 12 Trump-Kim summit in Singapore has had an overall positive effect on the oil industry, cooling down expectations about the imminence of a major conflict driven by the…
This Russian Oil Major Is Ready To Open The Taps
Russia’s second biggest oil company, Lukoil, is ready to raise production by 23,000 bpd in two to three months if its gets the green light from Moscow which pushed for…
EIA: Gulf Of Mexico Oil And Gas Production Remains Strong
Crude And Condensate BOEM has March 2018 production at 1696 kbpd, which is down 1 percent month-on-month and 4 percent year-on-year (March 2017 was the peak production month for GoM…
How To Trade OPEC’s Production Boost
I’ve been waiting for the last minute to write this column, waiting on the decision of OPEC in Vienna this morning. While the final decision isn’t official, it seems that…
