 |
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 • 3 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 • 10 hours | 72.28 | +0.69 | +0.96% | ||
|
Light Sour Blend • 10 hours | 72.28 | +0.69 | +0.96% | ||
|
Syncrude Sweet Premium • 10 hours | 79.18 | +0.89 | +1.14% | ||
|
Central Alberta • 10 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% |
Breaking News:
Africa Emerges as Focal Point in Global Oil and Gas Exploration
Africa, particularly nations like Guyana…
Banks Still Play a Major Role in Oil and Gas Funding
Major banks continue to finance…
Energy / Crude Oil
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Oil Majors Dive Into Deepwater Projects Despite Tight Budgets
Oil and gas upstream majors — ExxonMobil, Shell, Chevron, BP, TotalEnergies and Eni — will continue to exercise caution in exploration spending this year, with drilling activity poised…
Oil Workers Fired As Strike Rages On in Kazakhstan
An oil services company in western Kazakhstan whose operations have been hampered by a strike that began in December has escalated the standoff by announcing that it will…
EIA Confirms Moderate Crude Build, Products Draw
Crude oil prices went lower today, after the U.S. Energy Information Administration reported an estimated inventory increase of 4.2 million barrels for the week to February 23. This
Short Sellers in Trouble As Physical Oil Market Defies Data
Something odd is taking place in the oil market. While on one hand "data" dissembled by Biden's Dept of Energy and specifically its statistical arm, the Energy Information…
Red Sea Crisis and OPEC+ Cuts Support Oil Prices
Brent Crude prices have held above $80 per barrel for most of February, with signs pointing to a tightening in the physical market as OPEC+ production cuts continue and the…
Red Sea Disruptions Spark Oil Tanker Shortfall
The Red Sea shipping crisis has been an explosive mess for the international shipping community and the global economy. With oil tankers increasingly steering clear of the southern…
U.S. Oil Drilling Sees 6-Rig Gain
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…
How the Western Hemisphere Became The Driver of Oil Production Growth
For decades, the Eastern Hemisphere had been the biggest driver of global oil production growth. Until a decade ago, when the Middle Eastern oil producers – bound by the OPEC…
Oil Industry Thinks OPEC+ Will Extend Production Cuts Into Q2
Oil industry watchers and analysts are betting on OPEC+ extending its oil production cuts beyond the first quarter of 2024 into the next quarter, a new Bloomberg survey revealed on…
Canada Oil Faces Fresh Pipeline Shortage
For years, Canadian oil producers have been struggling with insufficient pipeline capacity to take their products to buyers. Anti-pipeline policies have been a big reason for that, along with environmental…
The Top 10 Producers Leading A Global Shale Bonanza
The U.S. is the global leader in the production of natural gas and oil derived from shale formations. However, there are other countries with significant quantities of technically…
EIA Confirms Crude Build, Surprises with Products Draw
Crude oil prices moved slightly higher today, after the Energy Information Administration reported an inventory increase of 3.5 million barrels for the week to February 16. This followed
Venezuela’s Oil Output Could See Moderate Boost
Economic history dictates that the last leg of any battle against high inflation is the hardest, and so it is proving in the United States. Consumer price inflation remains sticky,…
The Oil Market Is Tightening to 2016 Levels
Last week, the International Energy Agency reported that global oil demand growth is losing momentum, with demand growth clocking in at 1.4 mb/d in January, down from 2.8…
U.S. Drillers Pump The Brakes
The total number of active drilling rigs for oil and gas in the United States fell this week, according to new data that Baker Hughes published on Friday. The total…
Will OPEC Increase Production?
Numbers Report – February 16, 2024 In the latest edition of the Numbers Report, we will take a look at some of the most interesting figures put out this week…
Oil Prices in Limbo as Geopolitical Risks Fail to Offset Bearish Sentiment
This week, Crude oil prices got stuck between a pessimistic demand outlook from the International Energy Agency and signs that OPEC+ is working hard to reduce supply.
Major Oil Companies Make Moves in Megamerger Frenzy
Over the last year, several oil and gas majors have undergone high-profile mergers as we enter the era of the megamerger. Big Oil in the U.S. appears to be undergoing…
BofA: Oil Demand Growth Has Peaked
Global oil demand continues to rise and will keep increasing for years, but the annual rate growth may have already peaked, according to Bank of America. Electrification of transport, energy…
10 Reasons Why the World Can’t Run Without Fossil Fuels
It is now popular to talk about leaving fossil fuels to prevent climate change. Pretty much the same result occurs if we run short of fossil fuels: We lose fossil…
