 |
Louisiana Light • 3 days | 83.17 | +0.44 | +0.53% | ||
|
Bonny Light • 2 days | 83.46 | +0.46 | +0.55% | ||
|
Opec Basket • 3 days | 83.30 | +0.35 | +0.42% | ||
|
Mars US • 197 days | 77.26 | -1.51 | -1.92% | ||
|
Gasoline • 20 hours | 2.574 | +0.036 | +1.43% |
|
Bonny Light • 2 days | 83.46 | +0.46 | +0.55% | ||
|
Girassol • 2 days | 84.84 | +0.60 | +0.71% | ||
|
Opec Basket • 3 days | 83.30 | +0.35 | +0.42% |
|
Peace Sour • 1 day | 71.94 | +0.58 | +0.81% | ||
|
Light Sour Blend • 1 day | 74.99 | +0.58 | +0.78% | ||
|
Syncrude Sweet Premium • 1 day | 81.94 | +0.58 | +0.71% | ||
|
Central Alberta • 1 day | 72.34 | +0.58 | +0.81% |
|
Eagle Ford • 3 days | 75.71 | +0.60 | +0.80% | ||
|
Oklahoma Sweet • 3 days | 75.75 | +0.75 | +1.00% | ||
|
Kansas Common • 3 days | 69.50 | +0.50 | +0.72% | ||
|
Buena Vista • 4 days | 83.26 | +0.61 | +0.74% |
Breaking News:
OPEC Signals Lasting OPEC+ Alliance in Oil Market Management
OPEC is preparing to replace…
Oil Stabilizes on Small Crude Draw
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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,…
No Financing And No Demand: Chinese Refiners Run Into Trouble
International banks are suspending credit lines for some independent oil refiners worried about the growing risk of defaults across industries because of the coronavirus epidemic, Reuters reports, citing industry…
This Country Could Soon Become The Biggest Buyer Of U.S. Oil
South Korea, the world’s fifth largest crude oil importer, is set to purchase growing volumes of U.S. oil this year to the point of overtaking Canada as the top destination…
Hedge Funds Selling In Oil Slows Down For Third Week
Money managers continued to liquidate long positions in oil futures as the coronavirus outbreak batters oil demand, but the pace of selling slowed down again last week, for a third…
The 3 OPEC Countries Considering Deeper Output Cuts
Saudi Arabia and its Gulf Arab neighbors and large fellow OPEC producers the United Arab Emirates (UAE) and Kuwait are discussing this week a potential joint oil production cut of…
EIA Cuts 2020 Oil Demand Forecast By 378,000 Bpd
After on Friday OPEC slashed its oil demand outlook for this year by 230,000 bpd, the Energy Information Administration followed, revising its global oil demand forecast by as much as…
Restarted Saudi, Kuwaiti Oilfields To Pump 550,000 Bpd By End-2020
The total production from the two oilfields that Saudi Arabia and Kuwait share would reach 550,000 bpd by the end of the year, Kuwait’s Oil Minister Khaled al-Fadhel said…
What Will Oil Prices Do After The Coronavirus?
The coronavirus outbreak in China has hogged headlines for a month now, battering oil prices and sending OPEC into a frenzy to find a way to stop or at least…
IEA: Oil Demand To Fall For First Time In A Decade
The IEA slashed its demand forecast for the first quarter of 2020, predicting that global oil consumption will contract for the first time in over a decade. In its first…
Asia’s Demand For Middle East Oil Plunges On Coronavirus Outbreak
The spot market for Middle East crude cargoes loading in April was virtually non-existent this week, as demand continues to be depressed due to the coronavirus outbreak while buyers are…
The Coronavirus May Mark The End Of Russia-OPEC Cooperation
A week ago, at an emergency meeting of the OPEC’s Joint Technical Committee, Russia refused to agree to the cartel’s proposal to reduce production by an additional 600 000…
Oil Recovers From Last Night’s Nosedive
The latest crude oil price rally was nipped in the bud last night by the news that 15,000 new coronavirus cases had been diagnosed in the Chinese province of Hubei,…
A Third Of Fossil Fuel Assets May Soon Be Stranded
Fossil fuel companies hold vast oil, gas and coal riches that they frequently tout to the investing universe to help elevate their market values. However, not a single energy company…
EIA Reports Hefty Oil Inventory Build
Crude oil prices hesitated today after the Energy Information Administration reported a U.S. oil inventory build of 7.5 million barrels for the first week of February. The report came…
OPEC Slashes Oil Demand Forecast On Coronavirus Crunch
Perhaps buoyed by speculation that oil demand in China is set to plunge as much as 20% if not more on the coronavirus "demand shock", on Tuesday OPEC slashed it forecast…
The $2 Trillion Threat To Middle East Oil
The global drive to mitigate the impact of climate change and boost renewable energy is threatening the immense wealth that the Arab Gulf oil producers have accumulated from crude oil…
Can Argentina Revitalize Its Oil Industry?
When Alberto Fernandez, Argentina’s new left-leaning president, entered into office December 10 the international markets were anxious to see whether the post-Macri era would result in an energy policy reversal,…
Chevron Ramps Up Oil Production In Venezuela
Chevron has boosted oil production at its joint venture with Venezuela’s PDVSA to the highest in almost a year, Bloomberg reports, adding that the Maduro government is considering giving…
Oil Bulls Are In For A Bitter Disappointment
For those still busy hedging on the spread of the coronavirus, a more sustainable threat to energy investments continues with the disappointingly dull impact of the much-lauded ‘Phase One’ trade…
