 |
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 • 196 days | 81.76 | +2.02 | +2.53% | ||
|
Gasoline • 10 mins | 2.568 | +0.030 | +1.20% |
|
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 • 5 hours | 71.94 | +0.58 | +0.81% | ||
|
Light Sour Blend • 5 hours | 74.99 | +0.58 | +0.78% | ||
|
Syncrude Sweet Premium • 5 hours | 81.94 | +0.58 | +0.71% | ||
|
Central Alberta • 5 hours | 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% |
Oil Ticks Higher on Inventory Draw
Crude oil prices moved higher…
OPEC Signals Lasting OPEC+ Alliance in Oil Market Management
OPEC is preparing to replace…
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Oil Price Crash Forces Algeria To Cut State Budget By 50%
OPEC member Algeria has decided it would slash its budget for this year by 50 percent, due to the drastically lower income from oil after the price crash. Algeria –…
The Most Critical Oil Storage In The United States
“Cushing, Oklahoma: Pipeline Crossroads of the World.” The emblematic slogan of the Cushing oil hub does not exaggerate. Cushing, a town of several thousand, has become a media…
The Oil Wells That Will Never Recover
It is very common today to read about shutting-in of producing oil and gas wells to reflect the reality there are fewer and fewer places
The Wave Of Shale Well Closures Has Finally Begun
U.S. shale oil producers have so far held up admirably, hanging on for dear life amidst the biggest oil demand collapse in history. American producers continued to pump at record…
Are Mandatory Output Cuts The Only Way To Save U.S. Oil?
The United States has been on the opposite side of the OPEC oil cartel for decades in a great battle between the free market and supervised production levels. …
Chinese Investors Lost $1 Billion In Epic Oil Price Crash
For many decades, the Chinese financial markets remained a tightly controlled affair that, for the most part, locked out foreign and exotic investments. That started to change during…
How Trump Convinced Saudi Arabia To End The Oil Price War
U.S. President Donald Trump was so intent on saving the American oil industry that he told the Saudi crown prince that unless the Kingdom stopped the oil price war and…
Permian Bankruptcies Could Fuel A Buying Spree For Big Oil
The United States shale revolution is over. Production in the Permian Basin, which spreads across West Texas and Southeast New Mexico, has been slowing for months, but the…
Russia’s Grand Plan For Arctic Oil Is Under Threat
Russia's oil sector has been at the center of virtually all developments in its modern history. Imperial Russia already produced oil in the early days of the industry from the…
Fleet Of 28 Saudi Oil Tankers Could Send U.S. Oil Prices Crashing In May
With the Covid-19 pandemic reducing global oil demand by devastating numbers, oil storages are filling quickly in the US, forcing producers to start shutting output in the country and creating…
Morgan Stanley: Oil Demand Won’t Return To ‘Normal’ Until End-2021
Oil demand around the world will not return to the pre-virus levels of 2019 until the fourth quarter of 2021, as countries will be slowly emerging from the lockdowns and…
Gasoline Inventories See Surprise Draw As Crude Stocks Soar
A day after the American Petroleum Institute reported yet another inventory build estimate, at close to 10 million barrels, the Energy Information Administration confirmed a build, saying inventories…
Russian Oil Production Set For First Annual Drop Since 2008
Due to the OPEC+ production cut deal, Russia’s oil production could decline by 15 percent annually in 2020, Russian Energy Minister Alexander Novak told news agency Interfax in an interview published…
The Death Of U.S. Oil
It’s game-over for most of the U.S. oil industry. Prices have collapsed and storage is nearly full. The only option for many producers is to shut in their wells. That…
OPEC’s Oil Exports Jump As Production Cut Deadline Nears
Crude oil supply from OPEC members has soared by more than 2 million bpd in April to the highest levels since December 2018, oil-flow tracking company Petro-Logistics said on Tuesday. The…
Chinese Investors Burned On WTI Oil Price Crash
Last week’s collapse of WTI Crude futures to -$37 a barrel left a lot of individual investors burnt. Well-known energy trader Pierre Andurand,…
Canadian Drillers May Shut-In More Than 1.3 Million Bpd In Second Quarter
In light of recent guidance revisions and the wider collapse in drilling and completion activity in Western Canada, Rystad Energy now expects total 2020 Canadian upstream spending to fall below…
Saudi Arabia And Russia Fight Bitter Market Share Battle As Oil Prices Collapse
The Chinese word ‘crisis’ consists of the characters for ‘danger’ and ‘opportunity’. The unprecedented situation in global energy markets has provided traditional producers with an opportunity to displace incumbents in…
Russia Steals Chinese Oil Market Share From Saudi Arabia
China imported 31 percent more oil from Russia last month while its intake of Saudi crude slipped by 1.8 percent compared to March 2019, Reuters reported, citing calculations based on…
Could Brent Crude Oil Prices Ever Fall Into Negative Territory?
The oil market is in freefall. The sector collapsed into pandemonium this week when the West Texas Intermediate (WTI) oil price benchmark fell below zero for this first…
