 |
Louisiana Light • 2 days | 81.18 | +0.12 | +0.15% | ||
|
Bonny Light • 29 days | 86.00 | -0.62 | -0.72% | ||
|
Opec Basket • 2 days | 81.37 | -0.08 | -0.10% | ||
|
Mars US • 266 days | 75.97 | -1.40 | -1.81% | ||
|
Gasoline • 7 hours | 2.461 | -0.007 | -0.29% |
|
Bonny Light • 29 days | 86.00 | -0.62 | -0.72% | ||
|
Girassol • 29 days | 87.27 | -0.38 | -0.43% | ||
|
Opec Basket • 2 days | 81.37 | -0.08 | -0.10% |
|
Peace Sour • 14 hours | 72.28 | +0.69 | +0.96% | ||
|
Light Sour Blend • 14 hours | 72.28 | +0.69 | +0.96% | ||
|
Syncrude Sweet Premium • 14 hours | 79.18 | +0.89 | +1.14% | ||
|
Central Alberta • 14 hours | 72.28 | +0.69 | +0.96% |
|
Eagle Ford • 3 days | 74.07 | +0.63 | +0.86% | ||
|
Oklahoma Sweet • 2 days | 75.00 | +2.00 | +2.74% | ||
|
Kansas Common • 3 days | 67.75 | +0.50 | +0.74% | ||
|
Buena Vista • 4 days | 83.27 | -2.82 | -3.28% |
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Biden’s SPR Gamble Sparks Debate Over U.S. Energy Security
The United States established its Strategic Petroleum Reserve (SPR) in the wake of the 1973–1974 oil embargo that disrupted oil imports and drove oil prices much higher.
OPEC Remains Upbeat About Oil Demand
OPEC remains optimistic that the world will see robust oil demand growth this year and next amid improving economies and further upside potential in global economic growth. In its closely-watched…
IEA, OPEC Divergence on Oil Demand Becomes Too Big To Ignore
Ever since the International Energy Agency switched from a pure-play information provider to an advocate of the energy transition, its forecasts about oil demand have shifted to increasingly reflect this…
Big Oil Pursues African Expansion Despite Challenges
Investments in new oil production have been stalling since about 2014. This has led many to suggest that higher prices for longer are on the cards, supported by anti-oil industry…
Kazakhstan Eyes Expanded Routes for Oil Exports in 2024
Kazakhstan increased oil exports by volume last year, but flagging prices meant this translated into diminished earnings. The plan for 2024 is to keep expanding sales abroad, although…
Offshore Oil & Gas E&P Staging A Comeback
The oil industry has found its newest exploration hotspot offshore Namibia. The high success rate of drilling and appraisal activity offshore Africa's southwestern coast is spurring Big Oil to boost…
China Holds The Key To 2024 Global Oil Demand Growth
Despite an increase in China’s crude oil imports in the first two months of 2024, it’s too early to say how the purchases of the world’s top crude importer will…
Iran's Revolutionary Guards Capture Oil Tanker Amid Sanctions Dispute
When Iran seized a Marshall Islands-flagged oil tanker last year, Tehran said the transporter had collided with and damaged an Iranian vessel in the Gulf of Oman.
Kuwait Sees Solid Oil Demand In A Fairly Balanced Market
Global oil demand looks robust in a balanced market this year, Shaikh Nawaf Al-Sabah, chief executive of Kuwait’s state oil firm Kuwait Petroleum Corporation (KPC), told Bloomberg in an
Standard Chartered: OPEC’s Latest Move Is Bullish
Oil markets have managed to reverse their early week losses, inching up higher in Wednesday’s session after the Energy Information Administration reported significant inventory draws across various fuels. The…
Oil Inches Higher on Fuel Inventory Draws
Crude oil prices moved higher today, after the Energy Information Administration reported estimated inventory draws across fuels. In crude, the EIA reported a build of 1.4 million barrels for…
BP Tries To Reverse Big Oil’s Fortunes in Brazil
Back in 2019, Brazil produced over 1 billion barrels of crude oil. It was the first time the national total had broken the billion-barrel mark, and more than half…
India Makes Bold Move to Reduce Dollar Dependency in Oil Trade
Four months after India's government rejected demands from Russian oil companies to pay for Russia's crude exports in Chinese yuan, it appears India…
Oil Prices Could Surprise to the Upside This Year
Crude oil prices recently logged their second monthly gain in a row as OPEC+ extended their supply curb deal until the end of Q2 2024. The gains have…
New Oil Law Likely To Be The End Of Iraqi Kurdistan’s Independence Dream
A series of legal rulings by Iraq’s Federal Supreme Court (FSC) on 21 February underlined that the planned New Oil Law being worked on by the government of Iraq in…
Oil Riches Fuel Heated Dispute Between Venezuela and Guyana
Squabbling between Venezuela and South America’s newest oil-producing nation Guyana over the resource-rich Essequibo region is heating up once again. The more than century-long quarrel centers on Venezuela’s…
U.S. Oil Drilling Gets Another Bump As WTI Soars To $80
The total number of active drilling rigs for oil and gas in the United States rose this week, according to new data that Baker Hughes published on Friday. The total…
WTI Soars Past $80 per Barrel as Oil Market Tightens
The price of a WTI barrel soared to heights not seen since November as the market braces for an OPEC+ decision on oil production levels in April…
Exxon Threatens to Derail Chevron's Acquisition of Hess
Exxon's challenge of Chevron's acquisition of Hess could result in a windfall for Exxon shareholders, a new report from Reuters speculates.
Offshore Oil Discoveries Thrive
Analysts and energy industry executives are sounding the alarm about underinvestments in oil and gas exploration. This has been going on for years, and it is a recipe for shortages…
