 |
Louisiana Light • 4 days | 84.39 | +0.14 | +0.17% | ||
|
Bonny Light • 3 days | 84.45 | -0.41 | -0.48% | ||
|
Opec Basket • 4 days | 84.23 | -2.94 | -3.37% | ||
|
Mars US • 185 days | 77.26 | -1.51 | -1.92% | ||
|
Gasoline • 10 mins | 2.562 | +0.007 | +0.29% |
|
Bonny Light • 3 days | 84.45 | -0.41 | -0.48% | ||
|
Girassol • 3 days | 85.44 | -0.34 | -0.40% | ||
|
Opec Basket • 4 days | 84.23 | -2.94 | -3.37% |
|
Peace Sour • 6 hours | 71.31 | -0.84 | -1.16% | ||
|
Light Sour Blend • 6 hours | 74.36 | -0.84 | -1.12% | ||
|
Syncrude Sweet Premium • 6 hours | 81.31 | -0.84 | -1.02% | ||
|
Central Alberta • 6 hours | 71.71 | -0.84 | -1.16% |
|
Eagle Ford • 4 days | 75.43 | -0.05 | -0.07% | ||
|
Oklahoma Sweet • 4 days | 75.50 | +0.00 | +0.00% | ||
|
Kansas Common • 6 days | 72.25 | -0.75 | -1.03% | ||
|
Buena Vista • 7 days | 87.60 | -1.22 | -1.37% |
The Permian Shrugs Off Below-Zero Natural Gas Prices in Texas
In the oil rig basins…
Washington's Pleas Fall on Deaf Ears as Ukraine Strikes Russian Refineries
The Financial Times, citing unnamed…
Energy / Crude Oil
The Risky Road To Oil Demand Recovery
The IEA came out with a rather bullish remark for oil this morning, stating that peak demand is still years away.
IEA: Peak Oil Demand Is Still Years Away
The world hasn’t seen peak oil demand yet, the head of the International Energy Agency (IEA) told Bloomberg News on Monday, expecting that sooner or later, oil consumption would…
Putin To Bail Out Russian Oil Industry
Russia’s President Vladimir Putin has tasked the government with implementing a set of measures aimed at supporting the oil industry for the duration of the OPEC+ production cut agreement.…
Oil May Never Fully Recover From This Crisis
It’s a rule of thumb among epidemiologists that every epidemic is different and could be laden with surprises. It now seems the same applies to economic crises. During…
Chinese Oil Imports To Rise In 2020 Despite Coronavirus
Despite the low oil demand during the COVID-19 outbreak in China, the world’s top oil importer is set to increase its crude oil imports by 2 percent in 2020, thanks…
U.S. Cuts Royalty Rates For Oil Firms
The U.S. Administration has been approving royalty rate cuts for producers on federal land on a case-by-case basis, with rates cut on at least 76 leases in Utah in recent…
This Oil Nation Sees Production Drop As COVID-19 Cases Spike
Kazakhstan’s crude oil production has fallen below 1.7 million bpd of crude and condensates, oil analytics firm OilX told Oilprice.com, noting that the giant Tengiz field has seen a jump…
Covid-19 Crisis Could Crush Brazil’s Oil Boom
The coronavirus is spreading like wildfire in Brazil, and the country’s oil industry could get dragged down with it. “Brazil has the worst COVID growth rate…
Is Russia Finally Complying With OPEC+ Cuts?
It looks like Russia is really trying to comply with its share of the OPEC+ production cuts this time, unlike in previous deals when it had regularly exceeded its cap,…
OPEC+ Deal Could Collapse As Oil Prices Shoot Up
The OPEC+ coalition appears determined to ease the global oil glut and lift the oil prices that had cratered in April because of OPEC+ wrangling and crashing global demand in…
33% Of North Sea Oil Is Now Too Expensive To Extract
The oil price collapse will result in one-third of the North Sea oil left untouched because it will be uneconomical to produce, a new study from the University of Aberdeen…
Oil Soars On Bullish EIA Inventory Report
A week after it served a much-needed boost to markets with a crude oil inventory draw, today the Energy Information Administration strengthened the mood by reporting an oil inventory…
Why The Future Of Oil Rests On China
The pace of oil demand recovery in China and the entire world could be shaped by China’s top policy-setting meetings, which begin on Friday to chart the course for the…
Is The Oil Collapse Over Already?
It has just been an amazing week for crude oil! We haven’t seen upward movement in WTI like we’ve seen this week in…forever, on a percentage basis. Buoyed…
Jet Fuel Demand Will Take Years To Recover
The coronavirus pandemic swept across the airline industry, upending fleet, route, and passenger number predictions for years to come. Commercial air travel, alongside tourism, is the worst-hit business in these…
Oil Industry Faces Looming Threat Of Involuntary Outages
After the forced suspension of drilling and well shut-ins, the global oil industry now faces another challenge: production outages resulting from delays in regular repairs caused by the supply-chain disruption…
U.S. Shale Cuts Production Deeper And Faster Than Expected
“I think the cuts are automatic if you are a believer in markets,” U.S. President Donald Trump said about potential American oil production cuts in…
Natural Gas Drillers Face Price Meltdown As Storage Fills Fast
Natural gas, the poster child of the fossil fuel industry and the bridge fuel to a renewable future, has suffered its fair share of problems amid the coronavirus…
Was This The Best Energy Trade Of The Decade?
Last month, oil markets shocked the world when the West Texas Intermediate (WTI) crude benchmark plunged below zero. And oil prices didn’t just fall a little bit below…
Could This Become The World’s Newest Oil Exporter?
For many years it seemed that Liberia has missed out on the West African oil bonanza – whilst Nigeria has already established itself as the leading oil producer in the…
