 |
Louisiana Light • 2 days | 82.73 | -0.73 | -0.87% | ||
|
Bonny Light • 1 day | 83.00 | +0.29 | +0.35% | ||
|
Opec Basket • 2 days | 82.95 | -0.13 | -0.16% | ||
|
Mars US • 195 days | 77.26 | -1.51 | -1.92% | ||
|
Gasoline • 11 mins | 2.566 | +0.028 | +1.10% |
|
Bonny Light • 1 day | 83.00 | +0.29 | +0.35% | ||
|
Girassol • 1 day | 84.24 | +0.18 | +0.21% | ||
|
Opec Basket • 2 days | 82.95 | -0.13 | -0.16% |
|
Peace Sour • 1 hour | 71.94 | +0.58 | +0.81% | ||
|
Light Sour Blend • 1 hour | 74.99 | +0.58 | +0.78% | ||
|
Syncrude Sweet Premium • 1 hour | 81.94 | +0.58 | +0.71% | ||
|
Central Alberta • 1 hour | 72.34 | +0.58 | +0.81% |
|
Eagle Ford • 2 days | 75.11 | +0.61 | +0.82% | ||
|
Oklahoma Sweet • 2 days | 75.00 | +0.50 | +0.67% | ||
|
Kansas Common • 1 day | 69.50 | +0.50 | +0.72% | ||
|
Buena Vista • 2 days | 83.26 | +0.61 | +0.74% |
Trans Mountain Expansion: A Game-Changer for Canadian Oil Prices
The rise in pipeline egress…
Canada's Oil and Gas Industry Soars to New Heights
Canada's oil and gas industry…
Energy / Crude Oil
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More Shale Giants Forced To Cut Production As Oil Price Crisis Persists
The big oil production curtailment in the U.S. shale patch continues as more companies announced on Monday output reductions to protect their balance sheets in the face of unsustainably low…
A Once-In-A-Lifetime Warnings For Oil Investors
Last week Royal Dutch Shell did something that would have been nearly unthinkable at the beginning of this year. The company cut its dividend
Oil Producers May Ditch Old FPSO Offshore Projects In This Downturn
The swift oil price crash caused by the Covid-19 pandemic will reduce the combined free cash flow of FPSO fields, which have produced above three quarters of their…
Goldman Sachs: Oil Demand Could Exceed Supply By End-May
Oil demand could rebound enough to exceed supply by the end of this month, Goldman’s head of commodities Jeffrey Currie told Barron’s Market Brief, noting that this would be in no…
Some Shale Drillers Are Restarting Production At $25 Oil
U.S. oil prices slumped into negative territory less than a month ago as storage space fills up fast. And yet it appears that some producers are ready to…
U.S. Oil Companies Are Cutting Production Much Faster Than Expected
The United States is on track to cut 1.7 million barrels of oil production per day, according to Reuters calculations of state and company data shared on Thursday. It was U.S.…
The Only Hotspot Where Big Oil Will Still Spend
Oil majors may be slashing spending and deferring development plans across the globe, but they remain committed to developing the newest offshore oil finds in the heart of…
Why Is Russian Crude So Expensive?
One of the main reasons why the coronavirus-induced price slump feels so odd is that it is accompanied by a prolonged price war that has simultaneously dropped crude differentials, in…
Saudi Arabia Raises Oil Prices As Demand Recovers
Saudi Arabia’s oil giant Aramco raised the price for all its crude oil grades to all regions for June in a move that analysts see as the start of demand…
China’s Oil Imports Soar In April
China crude oil imports increased in April to about 9.84 million bpd as demand for fuels began to rebound, Reuters reports, citing customs data. The country’s overall exports posted an…
The Shale Basins That Have Been Hit Hardest By The Oil Price Crash
It might sound like a headline about Canada’s oil industry or Venezuela’s, but even the most prolific basins in the U.S. shale patch are crumbling under the weight of low…
The Unnoticed Power Grab Unfolding In Libya’s Oil Crescent
Coronavirus coverage might overshadow the recent developments in Libya, yet rarely has the situation on ground been more complex and difficult to predict. Field Marshal Khalifa Haftar first announced that…
Saudi Arabia Succeeds In Seizing Oil Market Share From Key Rivals
The Saudi-Russian oil price war may be officially over with the new, historic, OPEC+ deal, but Saudi Arabia has continued to aggressively pursue additional market share in Asia and managed…
Oil Prices Bounce Back On Smaller-Than-Expected Crude Build
The Energy Information Administration reported a crude oil inventory build of 4.6 million barrels for the week to April 24, after a 9-million-barrel build the previous week. This compared…
Is An Oil Supply Shortage Inevitable?
Oil prices are rising as supply shut ins mount and oil demand seems to be turning a corner. Some oil market analysts even warn that a supply deficit…
Why Russia Finally Accepted Deeper Oil Output Cuts
When Russia refused two months ago to join the deeper OPEC oil cuts, it was because Moscow found them unnecessary. Two months later, Russia agreed to cut quite…
Aviation Crisis Could Cause Lasting Damage To Oil Markets
Last Friday, Warren Buffett served a new blow to an already troubled industry, shaking it to the core: The celebrity investor announced that…
The Texas Oil Production Cut Plan Is Dead
Ryan Sitton, the Texas Railroad Commissioner who first floated the idea of state-mandated oil production cuts, has thrown in the towel after failing to convince his two co-commissioners…
Will Oil Markets Ever Recover?
Oil companies, oil refiners, and oil traders believe that the worst of the demand destruction is already behind us. But the jury is still out on how long…
Shell Has A Dire Warning For Oil Markets
After months of a deep and harrowing slide, fuel demand across the world is finally starting to sputter back to life. Traffic data, pipeline…
