 |
Louisiana Light • 3 days | 83.45 | -0.94 | -1.11% | ||
|
Bonny Light • 3 days | 84.45 | -0.41 | -0.48% | ||
|
Opec Basket • 3 days | 83.79 | -0.44 | -0.52% | ||
|
Mars US • 185 days | 77.26 | -1.51 | -1.92% | ||
|
Gasoline • 10 mins | 2.575 | +0.020 | +0.78% |
|
Bonny Light • 3 days | 84.45 | -0.41 | -0.48% | ||
|
Girassol • 3 days | 85.44 | -0.34 | -0.40% | ||
|
Opec Basket • 3 days | 83.79 | -0.44 | -0.52% |
|
Peace Sour • 9 hours | 71.31 | -0.84 | -1.16% | ||
|
Light Sour Blend • 9 hours | 74.36 | -0.84 | -1.12% | ||
|
Syncrude Sweet Premium • 9 hours | 81.31 | -0.84 | -1.02% | ||
|
Central Alberta • 9 hours | 71.71 | -0.84 | -1.16% |
|
Eagle Ford • 3 days | 74.59 | -0.84 | -1.11% | ||
|
Oklahoma Sweet • 3 days | 74.50 | -1.00 | -1.32% | ||
|
Kansas Common • 6 days | 72.25 | -0.75 | -1.03% | ||
|
Buena Vista • 7 days | 87.60 | -1.22 | -1.37% |
Shale Helps Insulate U.S. from Oil Shocks—But Not Entirely
U.S. shale has provided that…
Large Crude Inventory Build Rocks Oil Prices
Crude oil prices went lower…
Energy / Crude Oil
Suncor: Energy Transition Will Destroy Oil Demand
Low-carbon technologies could disrupt global oil demand in the not-too-distant future the way COVID-19 crushed demand during the lockdowns worldwide, Mark Little, chief executive of one of Canada’s largest oil…
U.S. Shale Isn't Losing Sleep Over The 2020 Elections
The battle lines are already drawn in a high-stakes political contest that will ostensibly determine the fate of the American shale industry. On the blue corner is former…
Oil Market Could See Long Term Contango
The oil market could stay in a state of contango for longer after supply and demand finally balance due to the vast amount of crude and products in storage, Reuters…
Oil Price Rally Breaks Records In May
Early signs of growing demand for crude oil have prompted a market optimism that has led to increased WTI buying, setting the stage for the benchmark’s best-ever monthly performance, Bloomberg
Deja Vu: OPEC's Recurring Oil Production Dilemma
Two conflicting reports about OPEC's plans for oil production surfaced earlier this week--both citing unnamed sources. One set of sources claimed that Russia was considering…
The Oil Storage Crisis Is Far From Over
It’s more than a month since the oil markets sunk to a nadir in the mother-of-all market routs. Since then, oil prices have staged an impressive recovery, especially from WTI’s…
Huge Oil Fields Could Help Iran To Seize Saudi Market Share In China
Given that China’s oil demand has now recovered from the COVID-19 outbreak to even higher levels than before, Iran is operating at full tilt to optimise the oil available…
China Scoops Up Cheap Nigerian Oil
The submersion of East Asian markets into coronavirus-induced recession has pulled down several major oil producers, most notably Nigeria whose breakeven price is well above $100 per barrel (Fitch puts…
Saudi Arabia Wants Record Oil Output Cuts To Last Till End 2020
Saudi Arabia and several other members of OPEC are discussing the possibility of extending the current level of OPEC+ production cuts to the end of the year to support the…
U.S. Shale Production Won't Bounce Back Until 2021
It could take a year before U.S. shale production starts to rise again, the chief executive of Precision Drilling Kevin Neveu told Bloomberg. This could happen even if a…
Oil Prices Fall On Bearish EIA Data
The Energy Information poured cold water on oil bull circles this week when it reported a crude oil inventory increase of 7.9 million barrels for the week to May…
Will There Be Another Oil Price War?
Two months ago, Russia said no to Saudi Arabia's proposal for deeper oil production cuts. It was enough to start a price war that, coinciding with the Covid-19 pandemic, wiped…
Have Oil Traders Abandoned Fundamentals?
Oil prices are back at levels last seen in mid-March, and while fundamentals for crude have improved somewhat, markets have become too optimistic Market euphoria continues to push financial markets…
Oil Slides As Russia Plans To Raise Production
Reports that Russia plans to start easing oil production cuts after the end of June arrested the oil price rally, keeping WTI below $35 a barrel. WTI slid 0.3 percent…
5 Points To Consider Before Buying Oil Stocks In 2020
If you are among those who are somewhat contrarian in nature and are ready to rush in and buy oil and gas stocks when they are…
Permian Drillers Resilient Despite Record-Breaking Rig Count Crash
Although the Covid-19 pandemic continues to decimate active horizontal rigs in the US, the Permian Basin is emerging as the last surviving epicenter of drilling activity, a Rystad Energy analysis…
Russia Overtakes Saudi Arabia As The Largest Oil Exporter To China
Russia became the top crude oil supplier to China last month, overtaking Saudi Arabia with an average of 1.75 million bpd versus 1.26 million bpd for Saudi Arabia, Reuters has…
Russia Considers Extending Oil Output Cuts Beyond June
Russia’s Energy Minister Alexander Novak is discussing with oil firms on Tuesday the possible extension of the current oil production cuts beyond June, sources with knowledge of the meeting’s agenda…
Oil Hedging Leaves Traders Dangerously Exposed
Hedging is a popular trading strategy frequently used by oil and gas producers, airlines, and other heavy consumers of energy commodities to protect themselves…
Shale Bust Hits Rural Communities As Oil Royalties Plunge
The oil price collapse is hurting not only U.S. shale firms and their drilling activities. The crash has severely crippled the royalty payments to a dozen million American…
