 |
Louisiana Light • 3 days | 87.12 | +0.03 | +0.03% | ||
|
Bonny Light • 20 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 • 1 hour | 2.732 | -0.003 | -0.10% |
|
Bonny Light • 20 hours | 89.32 | +0.45 | +0.51% | ||
|
Girassol • 20 hours | 89.90 | +0.45 | +0.50% | ||
|
Opec Basket • 3 days | 86.51 | -1.01 | -1.15% |
|
Peace Sour • 19 hours | 76.56 | +1.46 | +1.94% | ||
|
Light Sour Blend • 19 hours | 79.61 | +1.46 | +1.87% | ||
|
Syncrude Sweet Premium • 19 hours | 86.56 | +1.46 | +1.72% | ||
|
Central Alberta • 19 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% |
How Iraq Continues To Trick Washington
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OPEC+ Can Stop An Oil Rally To $100
The OPEC+ group could influence…
U.S. Senator Pushes for Ban on Chinese Electric Vehicles
Senator Brown urges President Biden…
Energy
The Biggest Oil Collapse In History
Venezuela’s oil production plunged to new lows in December, surprising even some of the most pessimistic forecasts. According OPEC’s secondary sources data — provided by independent groups — Venezuela’s…
Peak Oil Demand Is A Slow-Motion Train Wreck
Will oil demand peak within five years? 15 years? Or not until 2040 or 2050? The precise date at which oil demand hits a high point and then enters into…
This U.S. Lab Could Help Saudis Boost Crude Demand
While all eyes are on its upcoming IPO with investment banks scrambling for the role of coordinator, Saudi Aramco, it appears, is quietly investing in efficiency improvement technologies for internal…
OPEC Oil Production Falls In December
The latest OPEC Monthly Oil Market Report is out with production numbers for December 2017. All data is in thousand barrels per day. (Click to enlarge) Total OPEC…
$70 Oil Cripples European Refiners
In the latest indication of the strength of the recovery of global oil prices, European refineries are struggling to pay their crude bills as margins decline and demand weakens for…
China's Gas Production Hits Three-Year High
China pumped natural gas at the highest rate since 2014 in December 2017 in an attempt to make up for shortages of the fuel in the northern parts of…
Oil Prices Rebound After EIA Reports Another Large Crude Draw
Amid emerging doubts that OPEC and Russia have outdone themselves with the oil production cuts and are starting to suffer the consequences, the Energy Information Administration reported another large…
The OPEC Deal May End In June
A couple of weeks ago, comments from the UAE’s energy minister spurred the oil price rally higher. What the minister said — or rather, hinted — was that the oil…
Are Hedge Funds Pushing Oil Prices Too High?
Hedge funds and other money managers continue to gobble up bullish bets on oil futures, but the speed with which spot prices have risen in the past few weeks raises…
Iraq Is Troubling The Oil Majors
Shell decides to pull the plug on Iraq. A day later, Chevron announces its return to Iraq. The oil majors are heading in opposite directions when it comes to investing…
Unexpected Phenomenon Observed In Lithium-Ion Batteries
Brookhaven National Laboratory scientists have observed an unexpected phenomenon in lithium-ion batteries – the most common type of battery used to power cell phones and electric cars. As a…
Crypto-Miners Buy Russian Power Stations
Two electric power stations in Russia were recently sold to a cryptocurrency miner looking to expand his operations – the latest sign that the country’s government-supported push to become a…
Colombia’s Crude Exports Fall Amid Unrest
Crude exports out of Colombia in recent years have averaged just over 600,000 barrels per day, with exports typically highest in January, before gradually descending through the year. To start…
Nigerian Militants Threaten To Attack Oil Facilities Within Days
The Niger Delta Avengers (NDA)—the militant group responsible for most of the 2016 attacks on Nigeria’s oil infrastructure—threatened on Wednesday to unleash the deadliest round of attacks on Nigeria’s oil…
CNPC Expects Robust Oil Demand Growth In China
China’s state-owned oil and gas giant CNPC has just added fuel to already strong optimism on oil markets by forecasting that crude oil demand in China will jump by…
Is The Rig Count Still Relevant?
The weekly rig count report that Baker Hughes releases is probably on everyone’s not-to-miss schedule. However, its days as one of the most reliable U.S. oil industry growth metrics seem…
What’s The Limit For Permian Oil Production?
The ‘hottest shale play’ has been the media’s favorite cliché for the Permian Basin over the past year. And while cliché, the basin straddling West Texas and New Mexico has…
OPEC Under Pressure As Oil Rally Continues
The surge of Brent crude prices over the last few weeks to $70 may be rattling OPEC, raising questions about the longevity of the collective production cuts. Top OPEC officials…
Has Oil Become Overbought?
Strong demand and falling inventories have pushed oil prices to their highest level in years, but this could be a double-edged sword as OPEC members grow tempted to cheat.
Strong Oil Demand Growth Supports Oil At $70
Although oil prices were down early on Tuesday, with Brent just below the $70 threshold, robust global oil demand growth and continued OPEC-Russia production cuts are currently supporting the price…
