 |
Louisiana Light • 3 days | 87.12 | +0.03 | +0.03% | ||
|
Bonny Light • 24 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 • 11 mins | 2.743 | +0.008 | +0.30% |
|
Bonny Light • 24 hours | 89.32 | +0.45 | +0.51% | ||
|
Girassol • 24 hours | 89.90 | +0.45 | +0.50% | ||
|
Opec Basket • 3 days | 86.51 | -1.01 | -1.15% |
|
Peace Sour • 23 hours | 76.56 | +1.46 | +1.94% | ||
|
Light Sour Blend • 23 hours | 79.61 | +1.46 | +1.87% | ||
|
Syncrude Sweet Premium • 23 hours | 86.56 | +1.46 | +1.72% | ||
|
Central Alberta • 23 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% |
Oil Fund Withdrawals Suggest Extended Price Rally
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U.S. Shale Oil Production Growth Is Slowing Down
When the illusion of unending…
Reuters Estimates: Russian Oil and Gas Revenue to Double in April
Higher oil prices are expected…
Energy
Is $70 The Ceiling For Oil Prices?
While sentiment in the oil market remains bullish, analysts cannot seem to agree on crude's next big move. (Click to enlarge)
Rig Count Shoots Up As Oil Nears $70
The number of active oil and gas rigs rose this week, according to Baker Hughes data, increasing by 15 total rigs, bringing the total rigs to 939, which is…
China Gas Imports Hit All-Time High
Natural gas imports into China reached an all-time high in December as the country fought a cold spell amid efforts to reduce its dependence on coal and replace it with…
T. Boone Pickens Shuts Down Oil Hedge Fund
Oilman and investment manager T. Boone Pickens is calling it quits with the energy-focused fund he has managed for the past two decades—BP Capital—citing deteriorating health, according to a letter…
Shale Restraint Could Lift Oil To $80
Brent recently hit $70 per barrel and WTI surpassed $64.50, and oil executives from the Middle East to Texas no doubt popped some champagne. The big question is…
$60 Oil Will Not Last Long
U.S. oil prices are treading water above $US 60/B (WTI) again, the first time since 2015. Crude oil has a northerly wind in its sails, though everybody on board…
Should Big Oil Pay For Climate Change?
On Wednesday, New York City announced that it would sue the five oil majors—ExxonMobil, Chevron, ConocoPhillips, Royal Dutch Shell and BP—over their role in fueling climate change. Also, New York…
Coastal States Protest Trump’s Offshore Drilling Plan
Less than a week after the Trump Administration proposed to open almost the entire U.S. coast to oil and gas drilling, Secretary of the Interior Ryan Zinke backtracked…
5 Energy Sector Predictions For 2018
The energy recovery is well underway. President Trump continues to roll back regulations aimed at boosting oil production and saving the coal industry. How might this all play out in…
Congo’s Cobalt Tax Hike Threatens EV Market
The Democratic Republic of Congo may soon more than double the tax mining companies operating in the country pay on exports of cobalt, a key component in the lithium-ion batteries…
Cold Snap Leads To Biggest U.S. Natural Gas Draw Ever
The freezing temperatures in most of the Eastern U.S. in the week to January 5 led to the biggest ever weekly withdrawal from natural gas storage, data by…
Will Surging U.S. Shale Kill Off The Oil Rally?
The U.S. shale industry is bringing enormous volumes of new oil supply online, breaking records each month. The U.S. could top 10 million barrels per day (mb/d) by February, and…
UAE Oil Minister: OPEC Deal Could Extend Beyond 2018
The OPEC/Russia deal for crude oil production cuts could extend beyond 2018, the United Arab Emirates’ energy minister, Suhail al-Mazrouei has suggested. Speaking to CNBC, Al-Mazrouei said "I am…
3 Million Barrels Per Day Could Go Offline In 2018
Venezuela’s oil production has been falling for years, but 2018 could mark a new, darker chapter for the South American nation. Late last year, Venezuela’s government defaulted on millions of…
Blockchain Tech Is Transforming The Energy Industry
Blockchain is more than just a buzzword. It truly has the potential to turn entire industries on their heads. In many ways, the energy sector has been slow to adopt…
Expect A New Wave Of Oilfield Service IPOs In 2018
This time last year, the oilfield service sector started showing the first signs of hope and optimism after the OPEC/Russia deal to cut crude oil production by 1.8 million bpd…
The Biggest Loser Of The OPEC Deal
OPEC’s oil production and supply cuts—now in their second year—have claimed a victim. It’s an industry that’s vital for the crude oil exports of oil-producing countries: supertanker shipping. The supertankers,…
Federal Regulators Deal Huge Blow To The Coal Industry
Trump’s bailout for coal and nuclear plants was unanimously rejected by regulators on Monday, undermining the administration’s effort to prop up the ailing industries. The Federal Energy Regulatory Commission (FERC),…
A Rare High-Profile Utility Takeover
Dominion Energy, Virginia’s largest utility, announced a takeover of holding company SCANA. SCANA's principal operating subsidiary, South Carolina Electric & Gas, is the main privately owned electric and gas company…
Goldman: OPEC Will Talk Oil Prices Down If Brent Tops $70
OPEC doesn’t want central banks around the world the start responding to inflationary pressure from oil prices above $70 a barrel, nor do they want U.S. shale investments to rise,…
