 |
Louisiana Light • 2 days | 83.17 | +0.44 | +0.53% | ||
|
Bonny Light • 1 day | 83.46 | +0.46 | +0.55% | ||
|
Opec Basket • 2 days | 83.30 | +0.35 | +0.42% | ||
|
Mars US • 197 days | 77.26 | -1.51 | -1.92% | ||
|
Gasoline • 13 hours | 2.574 | +0.036 | +1.43% |
|
Bonny Light • 1 day | 83.46 | +0.46 | +0.55% | ||
|
Girassol • 1 day | 84.84 | +0.60 | +0.71% | ||
|
Opec Basket • 2 days | 83.30 | +0.35 | +0.42% |
|
Peace Sour • 1 day | 71.94 | +0.58 | +0.81% | ||
|
Light Sour Blend • 1 day | 74.99 | +0.58 | +0.78% | ||
|
Syncrude Sweet Premium • 1 day | 81.94 | +0.58 | +0.71% | ||
|
Central Alberta • 1 day | 72.34 | +0.58 | +0.81% |
|
Eagle Ford • 2 days | 75.71 | +0.60 | +0.80% | ||
|
Oklahoma Sweet • 2 days | 75.75 | +0.75 | +1.00% | ||
|
Kansas Common • 2 days | 69.50 | +0.50 | +0.72% | ||
|
Buena Vista • 3 days | 83.26 | +0.61 | +0.74% |
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Have Oil Prices Peaked
Brent recently hit $80 per barrel, which ushered in a flood of predictions for when we might hit $100 per barrel. But Saudi Arabia and Russia just crushed those dreams,…
Is The OPEC Deal Finally Done?
Friday May 25, 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…
Global Energy Advisory 25th May 2018
OPEC has signaled it may decide to ease the oil production cuts it agreed to implement in late 2016 on the back of Venezuela’s catastrophic production decline and the pending…
Rally Unwinds As Russia, Saudis Aim To Increase Oil Output
U.S. West Texas Intermediate crude and internationally-favored Brent crude oil are trading sharply lower on Friday, putting the market in a position to finish the week lower for the first…
OPEC Sends Oil Prices Crashing
Oil prices fell drastically on Friday on the back of news that Russia and Saudi Arabia are considering an increase in their oil production, bringing an end to the production…
U.S. Rig Count Rises Amid Crashing Oil Prices
US drillers added 13 rigs to the number of oil and gas rigs this week, according to Baker Hughes, with oil rigs increasing by 15 and gas rigs dipping…
Maduro Vows To Double Oil Production With Help From OPEC
Venezuelan President Nicolas Maduro has promised to start increasing the crisis-stricken country’s oil production during his second six-year term in office. AFP reports that during his inauguration speech, Maduro…
Oil Slides As Saudis, Russia Consider 1 Million Bpd Output Boost
OPEC’s largest producer Saudi Arabia and its key non-OPEC partner in the production cut deal, Russia, are discussing lifting the combined oil production of the countries from the pact by…
Who’s To Blame For High Gasoline Prices?
As retail gasoline prices rise to $3 per gallon across the United States, gas prices are a hot political topic in Washington once again, with the Democrats hoping to slam…
Extreme Weather Causes Production Outages In Libya
A Libyan oil company has had to significantly reduce oil production at its fields because the hot weather has caused several turbines to stop working. The company is Agoco, a…
Pacific Island Seeks Better Deal With Exxon On LNG Expansion
Papua New Guinea, an island nation in the Pacific, expected a windfall in government revenue from the US$19-billion PNG LNG liquefied natural gas project led by Exxon that started…
Oil Prices Fall Despite Iran, Venezuela, Libyan Supply Outages
The WTI crude and Brent crude benchmarks fell on Thursday, despite multiple production outage fears in major producing countries, either real or prospective, including Venezuela, Libya, and Iran.…
Iran's Demands: Europe Must Guarantee It Will Buy Iranian Oil
Iran’s Supreme Leader Ayatollah Khamenei has issued five demands to the European Union (EU)—including Europe guaranteeing Iran’s oil will be completely sold—that European leaders could find quite difficult to…
Shell Makes Large Deepwater Discovery In Gulf Of Mexico
Shell has made a large deepwater exploration discovery in the U.S. Gulf of Mexico, just 13 miles from its Appomattox project that is expected to start production by the end…
Are Venezuelan And Iranian Oil Exports About To Plunge?
The threat of falling oil supply from both Iran and Venezuela looms large amid geopolitical tension, economic fears and sanctions. All the while, both are scrambling to maintain flows to…
Increasing WTI-Brent Spread Points At Higher Crude Prices
Here’s a new indicator for you: It seems that the difference between the price of oil here and abroad is a measure of tightness in the market, with a rising…
Rosneft Discovers Oil Field In Iraq
Russia’s Rosneft has discovered a new oil field in southwestern Iraq, the company said. The first well in the field, named Salman, was drilled at over 4,000 meters and it…
Permian Growth Is Reaching Its Limits
The Permian isn’t just suffering from a bottleneck for oil, but also for natural gas. In 2016, for instance, gas flows leaving the Permian typically clocked in at about 3.6…
EV Revolution Could Wipe Out $21 Trillion In Oil Revenue
Hardly a day goes by without a research company releasing yet another report forecasting the future of electric vehicles and all related industries, oil included. Some of these are skeptical,…
Mexico’s Oil Sector Set For A Jolt
Several years on from the semi-privatization of its oil sector, Mexico has lined up tens of billions of dollars of potential investment in offshore drilling. But just as the fruits…
