 |
Louisiana Light • 4 days | 83.45 | -0.94 | -1.11% | ||
|
Bonny Light • 4 days | 84.45 | -0.41 | -0.48% | ||
|
Opec Basket • 4 days | 83.79 | -0.44 | -0.52% | ||
|
Mars US • 186 days | 77.26 | -1.51 | -1.92% | ||
|
Gasoline • 10 mins | 2.543 | -0.046 | -1.76% |
|
Bonny Light • 4 days | 84.45 | -0.41 | -0.48% | ||
|
Girassol • 4 days | 85.44 | -0.34 | -0.40% | ||
|
Opec Basket • 4 days | 83.79 | -0.44 | -0.52% |
|
Peace Sour • 7 hours | 71.68 | +0.37 | +0.52% | ||
|
Light Sour Blend • 7 hours | 74.73 | +0.37 | +0.50% | ||
|
Syncrude Sweet Premium • 7 hours | 81.68 | +0.37 | +0.46% | ||
|
Central Alberta • 7 hours | 72.08 | +0.37 | +0.52% |
|
Eagle Ford • 4 days | 74.59 | -0.84 | -1.11% | ||
|
Oklahoma Sweet • 4 days | 74.50 | -1.00 | -1.32% | ||
|
Kansas Common • 7 days | 72.25 | -0.75 | -1.03% | ||
|
Buena Vista • 8 days | 87.60 | -1.22 | -1.37% |
Developing Nations Look to Balance Oil and Gas Opportunity with Climate Concerns
The development of new oil…
Large Crude Inventory Build Rocks Oil Prices
Crude oil prices went lower…
Energy / Crude Oil
Russia Warns Market That Its Oil Production Could Drop
Russia may not be able to maintain the level of its oil production in the future due to the current taxation system on the oil industry, Russian Energy Minister Alexander…
OPEC Considers Deeper Oil Cuts Amid Virus Market Meltdown
As leading OPEC producers downplayed fears of crippled demand growth in an attempt to calm the oil market on Monday, the cartel is said to be considering extending the ongoing…
Libya Oil Output Plummets To 280,000 Bpd
Libya’s oil production took a nosedive to less than 300,000 bpd last week, from over 1 million bpd following a blockade of its main oil export terminals, which has in…
Oil Prices Head Lower Despite Small Crude Draw
Crude oil prices were stubbornly down following the Energy Information Administration reported a modest crude oil inventory draw of 400,000 barrels for the week to January 17. This compared with…
The 1.2 Million Bpd Outage That Oil Markets Are Completely Ignoring
General Khalifa Haftar has shut off more than half of Libya’s oil exports, and the National Oil Company (NOC) has declared force majeure, taking a whopping 800,000…
The “Twin Threats” Facing Big Oil
The global oil and gas industry is facing the “twin threats” of the loss of profitability and the loss of social acceptability as the climate crisis continues to worsen. The…
Why Trump Can’t Retreat From The Middle East
If America doesn't need Saudi oil anymore, why is it still wooing crown princes, especially when American public opinion isn’t really on board? A Business Insider poll from September…
Expect A Strong Year For Oil Discoveries
Discovery isn’t dead. It’s just moved into trickier geological territory, but that’s not stopping the impressive advance. Despite growing anti-oil sentiment, oil and gas companies unearthed 12.2 billion new…
EIA Sees Lower Brent Prices On Fading Geopolitical Risk
Barring a major lengthy supply disruption, Brent Crude prices will average US$62 a barrel in May, lower than the current price, as the geopolitical risk premium gradually decreases in the…
800,000 Bpd Offline After Haftar Affiliates Halt Exports
Tribal groups loyal to General Khalifa Haftar have blocked oil exports from eastern Libyan ports and have also seized several oil fields in the south ahead of peace talks between…
Oil Is The Only Way Back Up For Venezuela
There’s only one path to rebuilding Venezuela, and it’s paved with oil. For the time being, that path leads nowhere. The key to controlling everything now lies with the National…
Oil Glut Overshadows Geopolitical Risk In 2020
The risk of oil supply disruptions from around the world has diminished, and rising non-OPEC production provides a “solid base from which to react to any escalation in geopolitical tension.”…
Total To Drill World’s Deepest Well In Angola
Total will drill an ultra deepwater well off the coast of Angola that will be the deepest in the world, Bloomberg reports, citing Maersk Drilling, which has been hired…
Florida To Buy Part Of Everglades To Protect Them From Oil Drilling
Florida has agreed to buy part of the Everglades wetlands to protect the sensitive ecosystem from oil drilling, Reuters reports, citing an announcement by the Florida governor. The deal,…
How China Could Restart The U.S. Oil Export Boom
China may resume purchases of U.S. crude oil and products after the Phase 1 deal Washington and Beijing signed yesterday, Bloomberg reports. The terms of the deal include the…
Just How Serious Is The Shale Slowdown?
U.S. shale growth may be slamming on the breaks, although analysts differ over how significant the slowdown will be. The EIA says that U.S. shale growth will slow down…
Massive Oil Product Build Sends Prices Lower
A day after the API’s crude oil inventory report pressured prices, the EIA relieved some of the pressure by reporting an inventory draw of 2.5 million barrels for…
Is This The Start Of A New Offshore Oil & Gas Boom?
In retrospect, 2019 was another strong year for offshore exploration and production companies. Free cash flow remained strong and telltale signs have emerged that we are entering a new offshore…
Why Russia Should Exit The OPEC+ Deal
Having exited the deal, Russia will be able to overcome stagnation in oil production, which threatens to become the longest since Soviet times. Despite a 9 percent decrease, Urals…
What One Oil Company Did Differently To Surge 27% In A Day
Shareholders be prepared: The way oil companies announce new discoveries may be about to change - but don’t panic. You’re being kept in the dark for a reason, and you’ll…
