 |
Louisiana Light • 3 days | 87.12 | +0.03 | +0.03% | ||
|
Bonny Light • 21 hours | 89.32 | +0.45 | +0.51% | ||
|
Opec Basket • 3 days | 86.51 | -1.01 | -1.15% | ||
|
Mars US • 173 days | 77.26 | -1.51 | -1.92% | ||
|
Gasoline • 24 mins | 2.730 | -0.004 | -0.15% |
|
Bonny Light • 21 hours | 89.32 | +0.45 | +0.51% | ||
|
Girassol • 21 hours | 89.90 | +0.45 | +0.50% | ||
|
Opec Basket • 3 days | 86.51 | -1.01 | -1.15% |
|
Peace Sour • 20 hours | 76.56 | +1.46 | +1.94% | ||
|
Light Sour Blend • 20 hours | 79.61 | +1.46 | +1.87% | ||
|
Syncrude Sweet Premium • 20 hours | 86.56 | +1.46 | +1.72% | ||
|
Central Alberta • 20 hours | 76.96 | +1.46 | +1.93% |
|
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% |
Why Biden is Unlikely to Enforce the New Iran Oil Sanctions
Despite Congress passing new sanctions…
Big Oil May Not Support All Trump 2.0 Policies
Trump's two primary campaign promises,…
Mysterious Iranian 'Spy' Ship Returns Home As Israel-Iran Conflict Worsens
A suspected Iranian spy ship…
Energy
Saudis Lift Oil Production To 10 Million Bpd
Saudi Arabia pumped over 100,000 bpd of crude oil more in May, with daily production reaching 10 million bpd, officials from the country’s oil industry said, as quoted by…
Oil Majors Undeterred By Brazilian Turmoil
Turmoil in Brazil didn’t scare away the oil majors from the country’s latest offshore auction, demonstrating Brazil’s allure to the industry. Brazil held an auction last week that attracted some…
Russia’s Oil Sector Is Facing A Massive Tax Overhaul
A major tax overhaul in Russia’s oil industry is about to start pressuring the earnings of major oil companies. Refiners will be hit hardest as the overhaul will increase the…
Is Russia Bailing On The OPEC Deal?
For the first week of June, Russia, the world's largest oil producer, exceeded the amount it agreed to produce as part of the January 2017, OPEC/non-OPEC supply cut deal. For…
The Oil Giant That Saw Its Cash Reserves Plunge 90%
India’s top oil explorer, state-run Oil and Natural Gas Corporation (ONGC), has seen its cash reserves plummet by more than 90 percent in one year, after it paid a record…
OPEC’s Second Biggest Producer Faces Instability
A month after Iraq’s general election on May 12, the political divides and bickering over the results threaten to plunge OPEC’s second-largest oil producer into an institutional and constitutional crisis.…
Tesla’s Newest Car Will Have Rocket Thrusters
Elon Musk plans to equip a new version of the Tesla Roadster with “around 10 small rocket thrusters arranged seamlessly around car,” he said in a tweet, adding that…
Russia Boosts Oil Production Before OPEC Meeting
Russia pumped 11.09 million barrels of oil daily in the first week of June, Interfax reported Saturday, citing an unnamed industry source. This is 143,000 bpd above the country’s…
Geopolitical Tensions Reach Boiling Point Ahead Of OPEC Meeting
The upcoming OPEC meeting on June 22 is shaping up to be a contentious one, after news broke that the U.S. government asked Saudi Arabia to increase oil production before…
Permian Boom Jeopardized By Pipeline Troubles
The Permania, as someone called the oil industry and private equity rush to West Texas and New Mexico, has begun to take its toll on all those investors that saw…
Canada Bets On Trans Mountain Expansion To Sell Oil In Asia
Canada may be the fourth largest producer and third largest exporter of oil in the world, but it has one sole customer of its oil—the United States. At the…
Energy Efficiency Adds Value To Home Prices
People are willing to pay a premium for energy-efficient homes, according to new research. Georgia Warren-Myers, a property lecturer at the University of Melbourne and Franz Fuerst of the University…
The Real Reason For Higher Gas Prices
You probably have noticed that gasoline prices are again on the rise. Predictably, I have already seen stories arguing about President Trump’s culpability in this current price rise. It never fails that…
Will Iran Pursue Relations With North Korea?
Syria's Bashar al-Assad is begging for a trip to Pyongyang as Donald Trump prepares for a summit with Kim Jong-un. Hollywood would reject such a script as outlandish, yet the…
Pullback In Oil Prices Provides An Opportunity
The amazing compliance from OPEC members and Russia to production guidelines has drained the surplus from global supplies and brought oil prices up to trade in the mid-$60’s here in…
It’s Time To Sell Coal Stocks
Trading is, by nature, short-term. It involves rapid reaction to news and anticipating what that will mean for whatever you are trading in the next few minutes, hours, days, or…
Permian Stocks Falling Out of Favor
Friday June 8, 2018 In the latest edition of the Numbers Report, we’ll take a look at some of the most interesting figures put out this week in the energy…
Expect Choppy Oil Markets Ahead Of The OPEC Meeting
U.S. West Texas Intermediate crude oil futures are trading higher early Friday, putting the market in a position to close higher for the week. While this chart pattern isn’t enough…
Oil Falls On OPEC Uncertainty
Friday, June 8, 2018 (Click to enlarge) (Click to enlarge) (Click to enlarge)
U.S. Rig Count Creeps Higher Amid Record Oil Production
U.S. drillers added 2 rigs to the number of oil and gas rigs this week, according to Baker Hughes, with oil and gas rigs each increasing by 1. The…
