 |
Louisiana Light • 2 days | 86.60 | -0.08 | -0.09% | ||
|
Bonny Light • 1 day | 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 • 10 hours | 2.710 | -0.003 | -0.13% |
|
Bonny Light • 1 day | 88.69 | -0.04 | -0.05% | ||
|
Girassol • 1 day | 89.20 | -0.10 | -0.11% | ||
|
Opec Basket • 2 days | 87.35 | -2.29 | -2.55% |
|
Peace Sour • 18 hours | 75.30 | -0.05 | -0.07% | ||
|
Light Sour Blend • 18 hours | 78.35 | -0.05 | -0.06% | ||
|
Syncrude Sweet Premium • 18 hours | 85.30 | -0.05 | -0.06% | ||
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Central Alberta • 18 hours | 75.70 | -0.05 | -0.07% |
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Eagle Ford • 2 days | 79.21 | +0.04 | +0.05% | ||
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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% |
Brent Could Climb to $95 as Bullish Sentiment Builds
In an increasingly bullish oil…
U.S. Sanctions on Venezuela Snap Back Into Place
The U.S. has reimposed sanctions…
Iraq Has No Intention of Restarting Kurdish Oil Pipeline
Baghdad is repairing the Kirkuk-Ceyhan…
Energy
Why The Trump Administration Is A Huge Wildcard For The Oil Industry
The implications of a Trump presidency for the oil markets are hard to discern, given the unpredictability of the new administration. But a few possible scenarios are worth considering. The…
‘Good’ OPEC Compliance Pushes Oil Prices Higher
Oil price rose on Tuesday after a Reuters survey found a ‘high’ OPEC deal compliance rate, indicating that OPEC has already cut output with 1 million bpd in January …
Experts See Higher Oil Prices But Surging Shale Is A Concern
Analysts have raised their oil price forecasts for this year as the OPEC supply-cut deal is starting to tighten oil markets, but warned that rising U.S. output could wipe out…
Trump’s Border Tax Could Kill U.S Oil Exports, Raise Gas Prices
Crude is rallying on this final day of January, as hopes and projections of OPEC production cuts return to the fore once more. Before we charge into a new month…
East Timor Close To Taking Full Control Of $40 Billion Oil Field
East Timor and Australia have agreed to a new maritime border which would give East Timor control of a $40 billion oil field. But not everyone is happy. With the…
OPEC Cuts Close To 1 Million Bpd This Month
A Reuters survey of shipping data has revealed that OPEC has succeeded this month in cutting almost 1 million barrels from its combined daily output, in compliance with its…
Why Is Everyone So Bullish On Oil?
A Wall Street Journal survey of 15 investment banks finds cautious optimism among oil watchers. The monthly survey is a good barometer for market sentiment, as shifts in price…
Time To Get Back Into Libyan Oil? Probably Not Quite Yet
Libya is home to a massive 48 billion barrels of oil—the largest reserves in Africa--and it’s about to open its doors to new foreign investment in oil for…
Post Oil Bust: What Lessons Have Petrostates Learnt?
During the past year the economies of oil producing countries have been dealt a fatal blow. Saudi Arabia suffers from various structural challenges to its economy. Its debt rose from…
Trump’s Drilling Frenzy Could Upend OPEC Deal
In just thirteen words, a U.S. judge has summed up the problem with almost everything that’s happened since Donald Trump became US President: “I think the government hasn’t had a…
From Feces To Fuel: Our Cars Could Soon Be Powered By Human Waste
When Lewis and Clark moved across the U.S., in the winter of 1804-05 they camped close to the native Mandan and Mintari villages on the Missouri river. Having come to…
Overoptimistic Money Managers Could Crash Oil Prices
Oil is getting tonked on this final Monday of the month, as broader market volatility is bringing out the bears. Signs of OPEC compliance continue to counter signs of life…
Refiners Stand To Lose From Trump’s Border Tax Plan
Donald Trump’s first week in office as U.S. president has brought major upheaval. And it looks like the new leader could be about to cause some massive shifts in the…
Oil Prices Spiral Lower On Signs Of Strong U.S. Oil Recovery
Oil traded slightly lower early on Monday, as signals that the U.S. crude oil output is continuously recovering mostly outweighed signs that OPEC is largely sticking to its supply-cut deal.…
Fundamentals Be Damned – Oil Price Correction Likely
There are basically two ways to analyze markets and make trading decisions, the fundamental and the technical. Logically speaking, fundamental factors and analysis always have the upper hand, particularly over…
Trump’s Tariff Could Be A Disaster For Mexican Oil
In his first week in office, President Donald Trump created a diplomatic crisis with Mexico regarding the border wall, who will pay for it, and a proposed 20 percent tariff…
OPEC May Be Powerless To Stop Lower For Longer
Just a few months after oil prices began to crash from its US$100 level in 2014, BP’s chief executive Bob Dudley warned the industry that it needed “to prepare for…
Is The $4 Trillion Saudi Reform Plan Inspired By China?
In an ironic decision, Saudi Arabia’s Muslim rulers, leading anti-Communists of the Cold War, may be adopting the economic management model of the atheist Communist Party of China. But rulers…
The Arctic Resource Race Is On And It Will Be Peaceful
Talk about the legendary natural resources wealth of the Arctic has been going on for some years now, as the polar cap continues to melt at unprecedented rates. What makes…
What Investors Can Learn From Aramco’s CEO
Uncertainties in the oil market have highlighted the news for weeks now, collecting everyone’s attention. The IEA’s recent forecast is generating optimism for oil, estimating that demand for crude will…
