 |
Louisiana Light • 3 days | 87.12 | +0.63 | +0.73% | ||
|
Bonny Light • 2 days | 90.15 | +1.75 | +1.98% | ||
|
Opec Basket • 3 days | 88.39 | -0.06 | -0.07% | ||
|
Mars US • 176 days | 77.26 | -1.51 | -1.92% | ||
|
Gasoline • 1 day | 2.765 | +0.006 | +0.23% |
|
Bonny Light • 2 days | 90.15 | +1.75 | +1.98% | ||
|
Girassol • 2 days | 90.85 | +1.82 | +2.04% | ||
|
Opec Basket • 3 days | 88.39 | -0.06 | -0.07% |
|
Peace Sour • 2 days | 76.77 | +0.76 | +1.00% | ||
|
Light Sour Blend • 2 days | 79.82 | +0.76 | +0.96% | ||
|
Syncrude Sweet Premium • 2 days | 86.77 | +0.76 | +0.88% | ||
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Central Alberta • 2 days | 77.17 | +0.76 | +0.99% |
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Eagle Ford • 3 days | 80.05 | +0.76 | +0.96% | ||
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Oklahoma Sweet • 3 days | 80.00 | +0.75 | +0.95% | ||
|
Kansas Common • 3 days | 73.75 | +0.75 | +1.03% | ||
|
Buena Vista • 4 days | 87.23 | -0.55 | -0.63% |
Breaking News:
Texas Deepwater Oil Export Projects Stall
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Oil Moves Higher on Inventory Draw
Crude oil prices ticked higher…
Energy / Crude Oil
Iran Aims To Finance Petrochemical Boom Through Stock Market
Alongside the continued development of its huge West Karoun oil fields, the completion of the supergiant South Pars non-associated gas offshore sector (including the implementation of Phase 11…
Newcomer Brazil Steals Market Share In Key Asian Oil Market
Brazil’s crude oil exports to Asia increased during the first half of the year as most of the country’s competitors for the Asian market cut production to match the slump…
British Regulator Threatens To Slash Profitability Of Utilities
Ofgem, the UK’s energy regulator, characterized in the past as “feeble” and “toothless”, now has threatened in a recent proposal to halve the profitability of regulated utilities. This…
Norway’s Oil Industry Is Beginning To Recover
Norway sees oil and gas activity picking up after the market turmoil and the health crisis earlier this year, the Norwegian Petroleum Directorate (NPD) said in its first-half activity
Surge In Coronavirus Cases Sparks Concerns About Demand Recovery
A surge in new cases in parts of the world and a resurgence of the coronavirus in places that had thought they’d beat it are leading to renewed lockdowns and…
Russia Looks To Woo Tech Companies As Oil Lags
Russia is looking to woo technology companies by giving firms annual tax breaks worth more than US$1.1 billion as it aims to diversify its oil export-dependent economy after the…
Bullish News Fails To Spark Rally In Oil Prices
Negotiations were relatively smooth, and OPEC+ did not deliver any major surprises when it agreed to ease the production cuts beginning in August. Widely expected, oil traders appeared…
Rising Demand Leads To Record Refinery Runs In China
After some good news for oil exporters from China, there is now even better news about oil demand from the world’s top importer: Chinese refineries processed a record-high amount of…
OPEC Is Worried That Another COVID Wave Could Derail Oil Market Recovery
OPEC may have to play its market-rebalancing act longer than initially intended as it is afraid that a second coronavirus wave would slow oil demand recovery, Reuters reported on…
Oil Prices Jump 2% On Bullish Inventory Data
Oil prices rose nearly 2% on Wednesday after a favorable U.S. inventory report from the Energy Information Administration (EIA), an OPEC agreement to taper the production cuts,…
Norway Eager To Boost Domestic Offshore Oil Investment
Anxious and unsure as to when exactly will the COVID-induced recession come to an end, both current and future oil-producing nations have been having quite the hard time to define…
Oil Prices Rise On Bullish EIA Data
Crude oil prices rose higher today, after the Energy Information Administration confirmed the crude oil inventory draw reported earlier by the API. The EIA estimated U.S. crude oil inventories…
Saudi Arabia: OPEC+ To Ease Record Cuts From August
The OPEC+ group is easing the record 9.7-million-bpd production cuts as of August as demand has started to recover, Saudi Arabia’s Energy Minister, Prince Abdulaziz bin Salman, said at…
Can OPEC+ Still Justify Its Deep Output Cuts?
OPEC+ compliance rose sharply in June, helping to tighten up the market. The improved compliance also boosted confidence and cohesion in the group’s collective effort ahead of a possible loosening…
Oil And Gas Drilling Set For A Multi-Decade Low In 2020
The COVID-19 pandemic has stymied oil and gas activity, a phenomena which has now affected the drilling market both in terms of wells drilled and in terms of related demand…
Will Oil Ever Recover To Pre-COVID Levels?
Last May, Bernard Looney, the CEO of BP, said that "the coronavirus hit to crude consumption was likely to endure beyond the pandemic- and may have even ushered in "peak…
Chinese Oil Imports Surged In H1 2020 Despite COVID-19
Despite the devastating coronavirus pandemic that locked down China for weeks, the country’s overall crude oil imports during the first half of the year…
OPEC+ To Discuss Oil Production Cuts This Week
Panels of the OPEC+ groups begin their monthly meetings on Tuesday to discuss the state of oil market and how to proceed with the record production cuts, with analysts widely…
Extending Production Cuts Would Be ‘Suicidal’ For OPEC
OPEC+ will hold a committee meeting this week to assess the status of the oil market and decide on its next steps. For now, the group appears ready…
Tighter Oil Market Could Trigger Supply Surge
Despite a reported rise in oil inventories last week, bullish trading returned to oil markets with Brent closing at $43.24, up by 10.02…
