 |
Louisiana Light • 2 days | 89.15 | -0.01 | -0.01% | ||
|
Bonny Light • 21 hours | 90.37 | -1.56 | -1.70% | ||
|
Opec Basket • 2 days | 90.18 | +0.61 | +0.68% | ||
|
Mars US • 166 days | 77.67 | -1.57 | -1.98% | ||
|
Gasoline • 11 mins | 2.731 | +0.002 | +0.07% |
|
Bonny Light • 21 hours | 90.37 | -1.56 | -1.70% | ||
|
Girassol • 21 hours | 90.93 | -1.38 | -1.49% | ||
|
Opec Basket • 2 days | 90.18 | +0.61 | +0.68% |
|
Peace Sour • 12 hours | 78.03 | -0.58 | -0.74% | ||
|
Light Sour Blend • 12 hours | 81.08 | -0.58 | -0.71% | ||
|
Syncrude Sweet Premium • 12 hours | 88.03 | -0.58 | -0.65% | ||
|
Central Alberta • 12 hours | 78.43 | -0.58 | -0.73% |
|
Eagle Ford • 2 days | 81.84 | -0.05 | -0.06% | ||
|
Oklahoma Sweet • 2 days | 81.75 | +0.00 | +0.00% | ||
|
Kansas Common • 2 days | 75.50 | -0.25 | -0.33% | ||
|
Buena Vista • 6 days | 89.36 | +0.64 | +0.72% |
Breaking News:
Standard Chartered Says Peak Oil Demand Is Not Imminent
Standard Chartered has predicted global…
Should We Keep Investing in Oil and Gas? Experts Weigh In
The debate over whether to…
Energy / Crude Oil
Oil Poised To Become U.S.’ Single Largest Export Product
Oil is on track to be the largest export item for the United States this year for the first time in history, highlighting the growing influence of U.S. oil production…
Western Banks To Miss Out On African Oil Boom
When the Ugandan and Tanzanian governments announced the East African Crude Oil Pipeline project, it elicited very different reactions. Some cheered the news that would add Uganda to the world's…
Kenya's Ambitious Carbon Capture Plant Sparks Debate
Africa is taking centre stage when it comes to the future of energy, with significant interest in the continent’s largely untapped oil and gas resources, as well as significant potential…
SOCAR And Lukoil Seal Unique Oil Deal Despite Western Sanctions
Azerbaijan's state oil company SOCAR has concluded a wide-ranging agreement with Russia's Lukoil under which the Russian oil company will lend SOCAR $1.5…
Will The U.S. Clamp Down On Iranian Crude Exports?
There have been calls on U.S. President Joe Biden to clamp down on lucrative oil and gas exports from Iran - widely believed to have played key role…
Canada’s $26 Billion Investment In Trans Mountain Pipeline May Not Pay Off
The Trans Mountain Expansion Project promised in the 2010s to help Canada’s oil sands producers get their crude to the Asian markets from the Pacific Coast. After years of delays…
All Eyes On Iran For Security Of Oil Supply
Iran has become the focus of international attention in the wake of Hamas attacks on Israel that prompted large-scale retaliation as the make-or-break actor in what increasingly looks like a…
Kuwait And Saudi Arabia Team Up For Massive Gas Field Development
As other Middle Eastern states look to diversify their energy mix, Kuwait appears to be going full throttle on its oil and gas ambitions. The Kuwaiti government has announced aims…
U.S. Oil Defies Odds, Races Towards Annual Production Record
One of my 2023 energy sector predictions was that U.S. oil production would set a new all-time high this year. After record-setting production…
Oil Moves Down On Massive Inventory Build
Crude oil prices saw a small dip on Thursday morning after the Energy Information Administration reported an inventory build of 10.2 million barrels for the week to October…
Shift In U.S. Policy On Iran Oil Could Swing Global Markets
Back in August, we reported that Iran oil exports had hit record highs thanks in large part to the Biden administration opting to look the other way as Tehran…
Shale Consolidation Could Put A Permanent Lid On Oil Output
Back in April, the Wall Street Journal reported Exxon was interested in acquiring Pioneer Natural Resources. The company is the biggest independent producer in the Permian and…
Mega Merger And Revenue Boost: Exxon Wants To Rule The Shale Patch
Back in April, Exxon Mobil’s (NYSE:XOM) CEO Darren Woods touted to investors the company's newly created ‘Low Carbon’ business which he claimed has the potential to outperform its legacy oil and…
Israel-Hamas War Has Divided Commodity Traders
The war between Hamas and Israel that erupted last weekend has caused confusion in the commodity investment sector, with funds rushing to divest stocks sensitive to turmoil in the Middle…
OPEC Warns Net Zero Push Endangers Global Energy Security
Climate action to reach net zero undermines investment in the oil sector and jeopardises global energy security, warned OPEC. General secretary Haitham al-Ghais took aim at…
Goldman Sachs: Hamas Attacks Will Have No Immediate Impact On Oil Inventories
Investment bank Goldman Sachs says there will be no immediate major effect on near-term oil market inventories related to the terrorist attacks on Israel on Friday. Goldman Sachs has, however,…
Hamas Attack Brings Middle East War Premium Back To Oil Markets
War premium returned to the oil market on Monday after the weekend attack by Hamas on Israel, which upended—again—the geopolitical landscape in the world’s most important oil-exporting region, the Middle…
OPEC+ Stands Firm As Global Oil Demand Teeters
Last week, OPEC+ decided to keep current oil production cuts in effect until the end of the year. The announcement was anything but surprising, and yet crude oil prices fell…
Maduro’s Sabre Rattling Reignites The Venezuela-Guyana Border Dispute
Tensions over a long-running border dispute between Venezuela and Guyana are flaring once again. The decades-long squabble originates from Venezuela’s claim over the Essequibo, a sparely populated but resource-rich predominantly…
Biden To Slash Offshore Oil And Gas Leasing In New Plan
President Biden has once again reduced oil and gas leasing after focusing on ramping up production from exciting oilfields in the last couple of years. In September, the Biden administration’s…
