 |
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 | 2.574 | +0.019 | +0.73% |
|
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% |
Standard Chartered: Global Oil Demand Will Pick Up Strongly In May And June
Despite some crude inventory builds…
Namibia Racks Up Another Major Offshore Oil Discovery
Shares of Portuguese integrated energy…
Energy / Crude Oil
China’s Oil Demand Rebounds To Pre-Coronavirus Levels
Oil demand in the world’s top oil importer, China, has rebounded to pre-coronavirus levels, Bloomberg reported on Monday, citing sources with inside knowledge of China’s energy sector. China was the…
Saudi Arabia And Kuwait Halt Production At Giant Joint Oil Field
Saudi Arabia and Kuwait will suspend production at the Al-Khafji field, which they operate jointly, during June, Reuters reports, quoting Kuwaiti media. Al-Khafji is one of four offshore and…
The State Hit Hardest By The Oil Crash
The Texas economy has suffered a double blow from COVID-19 crisis and the collapse of the oil industry. U.S. shale drillers had already planned on cutting…
U.S. Shale Could Crush The Oil Market Recovery
Oil markets have taken a beating around the globe, but nowhere has the pummeling been worse than in the United States shale patch, where the oil price crash…
U.S. Fracking Activity To Hit Rock Bottom In May
The Covid-19 pandemic and the low oil-price environment it has created continues to affect global energy markets and activity levels by oil and gas producers. New fracking jobs in the…
How Accurate Are EIA And API Inventory Reports?
Oil markets have had yet another confusing week, this time not just because of the coronavirus and all the media attention that has garnered. But this week, disparate…
Why Russia Will Struggle To Meet Its Production Cut Quota
The effect of oil well shut-ins on future production has become one of the main topics of discussion in the energy media lately, what with OPEC+ cutting millions of barrels…
Saudi Arabia Cuts June Oil Exports To Asia
Saudi Arabia’s oil giant Aramco has slashed by up to 30 percent its crude oil allocations to at least three buyers in Asia for June, compared to what customers had…
Iran Unlocks New Funding Stream For Oil & Gas
A small and tedious-looking announcement of the ratification of a bylaw relating to the issuance of securities appeared on Iranian government-affiliated websites last week and was unsurprisingly ignored…
U.S. Shale Needs To Slow Down To Survive
It has been a bleak couple of months for oil markets. Although markets recovered after going negative for the first time in history earlier this month, they didn’t…
Will Oil Prices Go Negative Again This Month?
The Commodity Futures Trading Commission has warned that as the expiry date for the June West Texas Intermediate contract approaches, the chances of extra price volatility have increased. The regulator…
Goldman Sachs: Oil Market Headed For Deficit In June
Improving global oil demand and faster-than-expected production curtailments from outside the OPEC+ pact are set to push the oil market into…
Is EIA Data Disguising A Disastrous Decline In U.S. Shale?
The Trump administration claims that the U.S. is “transitioning to greatness,” and that energy companies are going to see “massive gains.” U.S. Secretary of Energy Dan Brouillette says there is…
Extra OPEC+ Cuts Fail To Impress Oil Markets
Last week was the calmest yet in the weeks following COVID-19 and price-war related events that have rocked the oil complex. Normal standard deviation in Brent in w-o-w is about…
OPEC Slashes 2020 Oil Demand Forecast By 9 Million Bpd
OPEC slashed on Wednesday its global oil demand estimates for this year while cutting its forecast for non-OPEC supply as oil producers outside the OPEC+ pact accelerate production curtailments due…
Global Oil Demand Could Take Years To Recover
Global oil demand will take at least a year--and probably much longer--to return to the pre-crisis levels of 100 million barrels per day (bpd), Fatih Birol, Executive Director of the…
Are Venezuelan Oil Exports Poised For A Comeback?
As the international community seeks answers with regards to the failed armed incursion into Venezuela that took place May 4, allegedly with the immediate participation of former US military veterans,…
Oil Prices Jump On Surprise Crude Inventory Draw
Crude oil prices rose today after the Energy Information Administration reported a crude oil inventory decline of 700,000 barrels for the week to May 8. This compared with…
Has Demand For Oil Already Peaked?
Oil prices continue to rise on the prospect of a rebound in fuel demand as economies begin to reopen. But there is a large difference between…
7 Oil Countries Hit Hard By The COVID-19 Crisis
The coronavirus pandemic has rapidly evolved from a global health crisis to a financial one, upending industries, shuttering businesses, and sending financial markets reeling. Amid the crisis, the world's leading…
