 |
Louisiana Light • 2 days | 86.49 | -0.63 | -0.72% | ||
|
Bonny Light • 1 day | 88.40 | -0.92 | -1.03% | ||
|
Opec Basket • 2 days | 88.45 | +1.94 | +2.24% | ||
|
Mars US • 175 days | 77.26 | -1.51 | -1.92% | ||
|
Gasoline • 14 mins | 2.777 | +0.019 | +0.67% |
|
Bonny Light • 1 day | 88.40 | -0.92 | -1.03% | ||
|
Girassol • 1 day | 89.03 | -0.87 | -0.97% | ||
|
Opec Basket • 2 days | 88.45 | +1.94 | +2.24% |
|
Peace Sour • 6 hours | 76.77 | +0.76 | +1.00% | ||
|
Light Sour Blend • 6 hours | 79.82 | +0.76 | +0.96% | ||
|
Syncrude Sweet Premium • 6 hours | 86.77 | +0.76 | +0.88% | ||
|
Central Alberta • 6 hours | 77.17 | +0.76 | +0.99% |
|
Eagle Ford • 2 days | 79.29 | -0.04 | -0.05% | ||
|
Oklahoma Sweet • 2 days | 79.25 | -0.50 | -0.63% | ||
|
Kansas Common • 1 day | 73.75 | +0.75 | +1.03% | ||
|
Buena Vista • 2 days | 87.23 | -0.55 | -0.63% |
Breakthrough Paper-Based Battery Design Draws Inspiration from Plants
Researchers at Tohoku University have…
Coal Continues to Thrive Despite Pledges for Clean Energy
Despite global commitments to clean…
LNG Bunkering Sales Off to a Strong Start in 2024
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Energy
Angolan Oil Confident Ahead Of Critical Elections
After Angola’s critical elections, the oil will still flow, unabated—despite talk of a potential opposition upset. Angola is—on any given day—Africa’s first or second-largest producer. In recent months, it’s been…
Citi: U.S. Shale Beats OPEC At $40 Oil
Citigroup has said that U.S. shale will prevail over OPEC because of its higher resilience to low prices and OPEC’s losing strategy of cutting output and losing revenues and market…
Oil Prices Rise As Saudi Exports Hit 33-Month Low
Saudi Arabia’s crude oil exports in June dropped to their lowest level in 33 months, while Saudi oil inventories were down to a level last seen in early 2012, according…
Australia’s Natural Gas Crisis Could Boost Prices
I wrote a few months back about major problems shaping up in Pacific natural gas markets. With key liquefied natural gas (LNG) exporter Australia threatening to restrict outgoing shipments due to…
Russia Claims To Have Invented Alternative To Fracking
Russian scientists and local oil field services companies claim to have created a technology for thermochemical gas fracturing that could be an alternative to hydraulic fracturing and could increase oil…
The Single Biggest Bullish Catalyst For Oil
One of the key objectives for OPEC is to bring down inventories, a goal that has been elusive this year. But if the oil futures curve is anything to go…
The Strategic Petroleum Reserve Is Slowly Dying
Forty years ago, in the wake of the Arab oil embargo that made the United States acutely aware of just how dependent its economy was on imported crude, the government…
Is Gulf Of Mexico Oil Output About To Peak?
Amid strong indicators that U.S. shale production will reach new heights by the end of 2017, efforts to promote further exploration and production in the Gulf of Mexico, long…
Turkey Expands Influence In Kurdish Energy Sector
Over the past 12 years, Turkish energy companies have moved into the Kurdish energy sector at great pace in line with the sector’s rapid expansion under the semi-independent government in…
Analysts See OPEC Compliance Erode In H2 2017
OPEC’s compliance with the output cuts will continue to slip in the second half this year, despite recent rhetoric reiterating the cartel members’ commitment to stick to the production quotas,…
Will Oil Demand Growth Be Enough To Tackle Inventories?
Two articles in the Financial Times this week give polar opposite views on the direction for oil prices next year. The first is a report on bets taken by the highly…
Libya Boosts Oil Output At Biggest Field
Libya is returning with more barrels to the market after its biggest oil field started raising production and an export terminal re-opened for tanker loading. Crude oil output at…
Oil Prices Rise On Hefty Crude Inventory Draw
Another week, another draw – this seems to be the refrain this driving season, with the API and the EIA in sync with their weekly figures most of the time.…
IEA: OPEC Must Extend Cuts To Balance Oil Markets
U.S. shale is poised to outlast OPEC. It has long been the suspicion of many oil market analysts that the U.S. shale industry was likely too nimble for OPEC to…
Can Oil Sanctions Cripple North Korea’s Army?
In response to Pyongyang’s latest nuclear missile tests, the world is stepping up sanctions on North Korea with bans on its mining, manufacturing, and seafood exports. The latest round of…
U.S. Sanctions On Venezuela Could Boost Gasoline Prices
For over five months, hundreds of thousands of Venezuelans have taken to the streets of the country to protest against the dictatorial Venezuelan regime. Since the protests started, more than
The Oil Price Tug Of War
Oil prices remain in a game of tug of war as conflicting news sends both the bears and the bulls to the sidelines. (Click to…
Foreign Oil Eyes 44 Billion Barrels In Cuba
One of the few foreign energy companies with a presence in Cuba is now seeking funding for a 2018 exploration drilling campaign for Block 9, which is expected to hold…
Strong Crude Inventory Draws Keep Markets On Edge
After trying to grab ahold of the fifty dollar handle, WTI has lost its grip and is sliding lower in the forty dollardom once more. Even though U.S. inventories look…
These Major Oil Buyers Are Quietly Prepping For A Supply Shock
Continuing major changes in global oil flows this week. With big consumers like Indian Oil Corp and South Korean refiner SK Innovation making their first-ever purchases of U.S. crude exports. And…
