 |
Louisiana Light • 2 days | 86.60 | -0.08 | -0.09% | ||
|
Bonny Light • 19 hours | 88.69 | -0.04 | -0.05% | ||
|
Opec Basket • 2 days | 87.35 | -2.29 | -2.55% | ||
|
Mars US • 168 days | 77.67 | -1.57 | -1.98% | ||
|
Gasoline • 3 hours | 2.710 | -0.003 | -0.13% |
|
Bonny Light • 19 hours | 88.69 | -0.04 | -0.05% | ||
|
Girassol • 19 hours | 89.20 | -0.10 | -0.11% | ||
|
Opec Basket • 2 days | 87.35 | -2.29 | -2.55% |
|
Peace Sour • 10 hours | 75.30 | -0.05 | -0.07% | ||
|
Light Sour Blend • 10 hours | 78.35 | -0.05 | -0.06% | ||
|
Syncrude Sweet Premium • 10 hours | 85.30 | -0.05 | -0.06% | ||
|
Central Alberta • 10 hours | 75.70 | -0.05 | -0.07% |
|
Eagle Ford • 2 days | 79.21 | +0.04 | +0.05% | ||
|
Oklahoma Sweet • 2 days | 79.25 | +0.00 | +0.00% | ||
|
Kansas Common • 3 days | 73.00 | -2.50 | -3.31% | ||
|
Buena Vista • 3 days | 86.86 | -2.40 | -2.69% |
The Energy Sector Is A No-Brainer, but There’s More to Come
The most important catalyst working…
Small Banks Significantly Boost Loans to Oil And Gas Firms
Regional banks BOK Financial, Citizens…
Europe's Love Affair with Electric Cars Wanes as Sales Plunge
Volkswagen's EV sales in Europe…
Energy
Global Energy Advisory 3rd August 2017
European oil majors are turning to offshore wind power projects in the United States. Earlier this year, Shell bid for an offshore wind power lease off the North Carolina coast…
NatGas Plunges, But Long Term Outlook Remains Bullish
Natural gas prices plunged earlier this week in a move that looks like the final liquidation by investors who bet on a summer rally. The selling was strong enough to…
Oil Price Rally Ends As Banks Slash Forecast
After a month-long rally oil prices appear to have stagnated this week, although a falling rig count gave prices a slight boost…
Barclays: Oil Prices To Drop This Quarter
The combination of bullish indicators that boosted oil prices last month are unlikely to last, and the price of oil in the third quarter is expected to drop from current…
Oil Prices Rise As The U.S. Rig Count Falls
The number of active oil rigs in the United States fell this week by 1 rig as drillers in the United States proceed more cautiously than earlier in the…
Niger Delta Legalizes Illicit Oil Refineries
The Nigerian government will make illicit refineries operating in the Niger Delta legal, and will even supply them with crude oil, the presidency announced yesterday. The legalization process will…
OPEC’s Three Options To Boost Oil Prices
After the initial short-lived enthusiasm over OPEC’s production cuts, the market started ignoring attempts by the cartel to talk up oil prices as it became evident that the glut would…
Is The EIA Exaggerating U.S. Oil Production?
Oil is back at $50 per barrel, restoring some semblance of confidence in the market. But that is just about as much as we can expect in terms of a…
U.S. Oil Sanctions Could Push Venezuela To The Brink
On July 30, Venezuela’s government moved forward with an internationally-criticized special assembly that will rewrite the constitution, a move widely seen as an attempt to neuter the opposition and consolidate…
Saudi Oil Minister Just Did Something He Has Never Done Before
Gauging market sentiment before the 2018 Saudi Aramco IPO led Oil Minister Khalid al-Falih to personally meet with top hedge fund managers, according to a new report by Bloomberg.…
The Two OPEC Members Benefitting From The Cut
While OPEC is preparing for yet another meeting to discuss compliance with its notorious production cut deal, two of its members are enjoying something of a windfall thanks to…
OPEC Cuts: A Curse For U.S. Refiners, A Blessing For Canadian Oil Sands
The lowered exports of OPEC heavy crude grades to North America are tightening the price spread between WTI and Western Canadian Select (WCS), cutting into the refining margins of U.S.…
Has Gulf Of Mexico Production Peaked?
Gulf of Mexico Production Production for May by BOEM was 1673 kbpd and by EIA 1661, compared with 1661 and 1658 kbpd, respectively in April. March looks like the peak,…
Venezuela’s ‘’Election’’ Creates Opportunity For Oil Investors
On Sunday, an “election” occurred in beleaguered Venezuela, a member of OPEC and owner of the largest oil reserves in the world. The result of this election was hardly in…
Did The Arab Spring Disarm OPEC?
OPEC is struggling with a floundering oil market, few prospects of higher oil prices, competition from U.S. shale, and dissension within its own ranks. The supply/demand situation is improving, but…
The Secret Behind Better Oil Major Earnings
After several years of austerity and belt-tightening, the major international oil companies posted substantial profits in Q2 of 2017. The five largest private oil companies together generated more than…
As Oil Prices Rise, Are Oil Bulls Too Optimistic?
Optimism, at first tentative and in the last week more pronounced, has been taking over oil markets. Short positions on WTI were at a three-month low as of Monday,
Who Should Pick Up The Tab For Abandoned Oil Wells?
The bankruptcy of a small Canadian oil and gas company in 2015 and the following creditor claims have created a legal dispute over who should pay for abandoned wells and…
U.S. Shale Heavyweights To Boost Production This Year
In a sign that the U.S. shale patch is boosting output that has been keeping a lid on oil prices, four U.S. shale companies reported second-quarter production that beat targets…
Goldman: $50 Oil More Profitable Than $100 Oil
Big international oil companies are currently generating more cash at around-US$50 oil price than they did when the price of oil exceeded US$100 in early 2014, Goldman Sachs reckons. “Simplification,…
