 |
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 | 77.26 | -1.51 | -1.92% | ||
|
Gasoline • 11 mins | 2.567 | +0.030 | +1.17% |
|
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% |
Banks Remain Financially Committed to Oil Despite Transition Shift
The world’s 60 largest banks…
Oil Stabilizes on Small Crude Draw
Oil prices stabilized and recouped…
Energy / Crude Oil
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IEA: Oil Demand To Drop For First Time Since 2009
Global oil demand is set to drop this year for the first time since the financial crisis in 2009, the International Energy Agency (IEA) said on Monday, as it…
Deal Or No Deal? OPEC Proposes 1.5 Million Bpd Output Cut
OPEC managed to agree on a massive new production cut—1.5 million bpd—on Thursday, but the deal hinges rather shakily on Russia’s buy-in to the cuts, two Reuters sources said. And…
Russia Won’t Accept Additional 1.2 Million Bpd Output Cut
Russia is not on board with a proposal of OPEC leader Saudi Arabia that the OPEC+ coalition deepen the collective cut by 1.2 million barrels per day (bpd), Summer Said,…
Oil Rises On Sizeable Gasoline, Distillates Draw
Crude oil prices remained unchanged after the Energy Information Administration reported a crude oil inventory build of 800,000 barrels for the week to February 28. Gasoline inventories, however, fell…
Can The Fed And OPEC Really Rescue Oil Markets?
The Federal Reserve announced a rate cut of 50 basis points on Tuesday, springing into action as the global economy has suddenly slammed on the brakes. “The fundamentals of the…
Iran’s Latest Energy Project Should Worry The West
Balancing its ability to cause chaos in the global oil markets by closing/disrupting the Strait of Hormuz (through which flows around 35 per cent of the world’s oil supplies) with…
The Odds Are Stacked Against Oil As Recession Looms
The recent slump in Brent Crude prices follows a similar pattern of past slowdowns in global factory output, sparking fears that the market’s fear is not only based on the…
Shale Drillers Need A Miracle To Keep Production From Falling
With West Texas Intermediate falling below $45 a barrel after the latest burst in coronavirus panic, U.S. shale oil and gas producers are feeling growing heat. Except for the Permian,…
Are Oil Majors Facing A Terminal Decline?
ExxonMobil saw its share price nosedive by roughly 15 percent in the past week, one in a series of oil companies that finds itself in a freefall. Four other oil…
China’s Oil Demand Could Rebound Sooner Than Expected
China’s fuel demand has materially weakened after the coronavirus outbreak forced authorities to lock down cities and discourage travels. Some estimates put the current demand loss in China at around…
Saudi Arabia Aims For Additional Cuts As Oil Plunges Below $50
Faced with a slump in demand and plunging oil prices, OPEC’s top producer and de facto leader Saudi Arabia is asking members of the OPEC+ group to consider an additional…
Russia: Coronavirus Impact On Oil Is Worse Than Expected
Russia continues to refuse to announce its position regarding deeper cuts by the OPEC+ coalition, but admitted that the coronavirus outbreak could lead to additional downward revisions to the global…
Major Bank Sees Abysmal Demand Growth For Oil
Oil prices could bounce around between $50 and $70 through 2025, with both demand growth and supply growth slowing, according to a new report. The oil market faces a steep…
More Than A Dozen Saudi Oil Firms Book Hefty Losses In 2019
A total of 14 Saudi companies in the energy sector booked hefty losses last year, Middle East Monitor reported on Wednesday, quoting analysts who had spoken to local media.…
Schlumberger Chief: Crazy Shale Growth Is A Thing Of The Past
The crazy rate of production growth seen in US shale over the last five years is a thing of the past, Schlumberger CEO Olivier Le Peuch told Reuters on…
Oil Prices Bounce Back On Bullish EIA Data
Crude oil prices inched higher on Wednesday morning after the Energy Information Administration reported an inventory build of 500,000 barrels for the week to February 21. Gasoline stockpiles, however,…
Oil Prices Extend Losses As Market Fears Pandemic
Oil prices tumbled for a fourth consecutive day early on Wednesday, as the coronavirus continues to claim lives in Italy and spreads to the Middle East, while U.S. health officials…
Shale Decline Inevitable As Oil Prices Crash
The U.S. shale industry continues to show signs of slowing down, with production declining in major shale basins outside of the Permian. Financing stress has plagued the shale sector for…
China Floods The Market With Fuel As Coronavirus Shatters Local Demand
China’s fuel exports are booming amid battered domestic demand due to the coronavirus outbreak, analysts and trade sources tell Reuters as higher Chinese exports flood the Asian market, which…
Saudi Arabia: OPEC Should Pay Serious Attention To Coronavirus
The OPEC+ group should not be complacent about the impact of the coronavirus outbreak on oil demand, Saudi Arabia’s Energy Minister Prince Abdulaziz bin Salman told reporters on Tuesday,…
