 |
Louisiana Light • 2 days | 84.25 | -2.54 | -2.93% | ||
|
Bonny Light • 1 day | 84.86 | -0.57 | -0.67% | ||
|
Opec Basket • 2 days | 87.17 | -1.55 | -1.75% | ||
|
Mars US • 182 days | 77.26 | -1.51 | -1.92% | ||
|
Gasoline • 10 mins | 2.614 | +0.017 | +0.67% |
|
Bonny Light • 1 day | 84.86 | -0.57 | -0.67% | ||
|
Girassol • 1 day | 85.78 | -0.59 | -0.68% | ||
|
Opec Basket • 2 days | 87.17 | -1.55 | -1.75% |
|
Peace Sour • 5 hours | 72.15 | -0.05 | -0.07% | ||
|
Light Sour Blend • 5 hours | 75.20 | -0.05 | -0.07% | ||
|
Syncrude Sweet Premium • 5 hours | 82.15 | -0.05 | -0.06% | ||
|
Central Alberta • 5 hours | 72.55 | -0.05 | -0.07% |
|
Eagle Ford • 2 days | 75.48 | -2.93 | -3.74% | ||
|
Oklahoma Sweet • 2 days | 75.50 | -2.75 | -3.51% | ||
|
Kansas Common • 3 days | 72.25 | -0.75 | -1.03% | ||
|
Buena Vista • 4 days | 87.60 | -1.22 | -1.37% |
Namibia Racks Up Another Major Offshore Oil Discovery
Shares of Portuguese integrated energy…
The Future of Plastics Will Determine the Future of Oil Demand
Plastics will come to account…
Energy / Crude Oil
Crude Inventory Build Forces Oil Prices Lower
Crude oil price fell further after the Energy Information Administration reported an inventory increase of 4.3 million barrels for the week to October 23. This compares with a
Will Colombia’s Struggling Oil Industry Ever Recover?
After a positive start to 2020 there is little evidence of a sustained recovery for the Andean country’s economically crucial oil industry. Significantly weaker oil prices, the COVID-19…
BP CEO: Second Wave Of COVID Hits Oil Demand Harder Than Expected
The second wave of coronavirus cases in the world is impacting global oil demand “maybe a little bit more than we thought” in the second half of this year, BP’s…
2021 Could Be A Much Better Year For Canadian Oil
It’s been a really tough year for oil nations around the globe, but nearly no one has had it worse than poor Canada. On that infamous day, April…
Biden Says He Would “Transition From The Oil Industry”
“I would transition from the oil industry, yes,” Democratic presidential candidate Joe Biden said during last night’s debate with President Donald Trump in response to a question from his opponent. “Would…
Alberta Set To Lift Mandatory Oil Production Cuts In December
Alberta is lifting the mandatory curtailment of oil production as of December 2020 since there is enough space on pipelines to allow producers to utilize available pipeline capacity and create…
Another Permian Giant May Be Forced To Consolidate Or Die
One by one they are starting to fall. The long predicted consolidation wave in U.S. shale players, particularly those with assets in the Permian stacked play, is in…
Global Oil Production Costs Continue To Fall
A comprehensive Rystad Energy analysis of oil production costs has revealed that the average breakeven price for all unsanctioned projects has dropped to around $50 per barrel, down around 10%…
Israel And The UAE Sign Historic Oil Deal
Israel and the United Arab Emirates (UAE) signed this week a preliminary agreement under which crude oil from OPEC’s third-largest producer could be shipped to European markets via an…
Oil Prices Rebound On Small Crude Draw
Crude oil prices rose today after the Energy Information Administration reported a crude oil inventory decline of 1 million barrels for the week to October 16. The report came…
Trump Blasts Biden's Fracking Plans At Rally
President Donald Trump told supporters at a rally that Democratic candidate Joe Biden planned to ban all fracking, taking aim at his opponent's energy plans that would affect one of…
The Big Oil Side Hustle: Where 'Renewable' Money Is Really Going
"It is unrealistic to suggest that renewables could replace conventional baseload fuels."--Gregory Boyce, former CEO Peabody Energy Corp., 2010. Every time an oil and gas major announces a major foray…
Oil Poised To Rebound, But What About The Long Term?
Oil bulls predict demand for oil will snap back quickly as global economic conditions improve. The International Energy Agency (IEA), on the other hand, expects a more muted recovery. Not…
Oil Demand Growth Won’t Be Saved By Petrochemical Boom
The pandemic hit the chemical-driven profit margins of integrated oil companies and petrochemical manufacturers to the point that many firms slashed capital expenditures and deferred petrochemical projects for better times.…
Will OPEC+ Decide To Extend Oil Output Cuts?
Oil markets retained strength over the past week despite many bearish factors influencing the global economy. COVID-19 cases spiked in Europe leading to new lockdown measures in France…
Prepare For More U.S. Shale Mergers And Acquisitions
The consolidation in the U.S. shale patch is picking up pace after the crash in oil prices earlier this year. The latest big transaction in the…
A Slow Motion Oil Crisis Is Unfolding In The Carribean
There’s nothing quite like the feeling of uncertainty and dread right in the moments before a disaster of gargantuan proportions unfolds in front of our eyes. We might…
IMF Sees Oil Prices At $40-50 Next Year
Oil prices are not expected to rise much next year, and will stay in the $40-50 a barrel range, putting additional pressure on the oil exporters in the Middle East,…
Oil Prices Fall As OPEC+ Discusses Demand Developments
Oil prices were slightly down early on Monday as an OPEC+ panel is meeting virtually to discuss the latest supply and demand developments, while underwhelming economic data from China and…
Is This Europe’s Newest Oil & Gas Hotspot?
When Michelangelo Merisi (also known as Caravaggio) left continental Italy for Malta in 1607 to escape the ramifications of a lethal sword fight, little did he know what…
