 |
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 | 2.744 | +0.010 | +0.35% |
|
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% |
Article Archive | Page 1149
China, Saudi Arabia Ink $65-Billion Worth Of Preliminary Deals
China and Saudi Arabia have signed preliminary deals that could be worth as much as $65 billion if finalized, Xinhua reports. The news came on the first day of…
Has OPEC Underestimated U.S. Shale Once Again?
The U.S. shale cowboys are back on their horses and leading a strong recovery in the oil patch that is not expected to falter even as WTI prices dropped last…
Saudi Arabia Undermines The OPEC Deal By Increasing Production
With the oil markets rattled after sharp losses in recent days, the IEA is telling everyone to slow down and stay the course, as the OPEC cuts will take time…
Is Kurdish Oil A Gamble Worth Taking?
The semi-autonomous region of Kurdistan in northern Iraq is estimated to have 45 billion barrels of oil reserves that it started to explore just a decade ago, after the…
Dark Days Ahead For UK’s Solar Industry
Solar power in Britain has been comfortably subsidized for years now, allowing it grow substantially in a short amount of time. Last year, the subsidies stopped. Now, the government plans…
Why Carl Icahn And Valero Are Pushing For Biofuels Changes In Washington
The 12-year old debate between oil and biofuels over the U.S.’s Renewable Fuel Standard appears to have recently shifted away from ethanol volume over to “obligated parties.” Since first enacted…
Could Rosneft Take Control Of Citgo?
Rosneft could take control of 49.9 percent of Citgo – the troubled U.S. business of Venezuela’s state-owned oil company, media are warning. PDVSA used the stake as collateral for a…
Will Gazprom’s Pipeline Strategies Pay Off?
“We believe that Gazprom's commitments will enable the free flow of gas in Central and Eastern Europe at competitive prices. They address our competition concerns and provide a forward-looking solution…
What Really Caused The EIA Oil Draw?
Crude prices are rebounding today, bouncing off the trampoline of price support at $48 for WTI and $50 for Brent. A surprise draw to U.S. crude inventories (not to…
Saudi Arabia Tries To Reassure Markets After Oil Price Plunge
Saudi Arabia’s Oil Minister Khalid al-Falih has tried to reassure markets of The Kingdom’s commitment to the rebalancing of crude oil’s fundamentals, after benchmarks yesterday slid down on an announcement…
IEA Claims The OPEC Deal Is Working
OPEC’s relentless output increase before their November deal to curtail supply has led to the first global stocks increase in six months, the International Energy Agency (IEA) said on…
Natural Gas Prices Could Plunge Below $2
So far this year, natural gas has performed the worst among major commodities, posting painful losses in January and February. It has rebounded somewhat in the last few weeks,…
Can OPEC Resist The Temptation To Cheat?
OPEC’s monthly report for February was released Tuesday morning, and total output appears to have fallen from 32.097 million bpd in January to 31.958 million bpd. Members which agreed…
The U.S. Border Tax Would Hit Texas Hard
The proposed border adjustment tax has been dividing U.S. lawmakers. It is also dividing companies into those who support it and those who do not, as the simplified theory of…
Iran Continues To Ignore The OPEC Deal
All data below is in thousand barrels per day and is through February 2017. (Click to enlarge)OPEC crude oil production…
Oil Prices Sink As Bearish Sentiment Takes Hold
Oil prices were hit hard on Tuesday by a bearish EIA report and continued uncertainty over a possible OPEC deal extension. Natural gas also saw losses as warm weather and…
Deciphering Today’s Oil Markets
The EIA reported a crude build of 8.2 million last week, the 9th consecutive weekly inventory rise, with oil prices later plunging 5.3 percent. The sudden drop in oil…
EIA And OPEC Send Oil Prices Tumbling
The double whammy of yesterday's EIA drilling productivity report - showing rampantly rising shale production next month - combined with a bearish OPEC monthly oil market report, has sent oil…
An OPEC Deal Extension Won’t Affect Oil Prices
The possibility of OPEC deciding to extend the deadline of its November 30 oil output cut agreement is growing, according to one former senior U.S. energy official. Former Assistant Secretary…
Why Last Week’s Oil Price Crash Was Inevitable
For traders who were paying attention, the weekly COT (Commitments of Traders) reports from the CFTC (U.S. Commodity Futures Trading Commission) have recently been screaming out a warning…crude oil bear…
