 |
Louisiana Light • 3 days | 87.12 | +0.63 | +0.73% | ||
|
Bonny Light • 2 days | 90.15 | +1.75 | +1.98% | ||
|
Opec Basket • 3 days | 88.39 | -0.06 | -0.07% | ||
|
Mars US • 176 days | 77.26 | -1.51 | -1.92% | ||
|
Gasoline • 1 day | 2.765 | +0.006 | +0.23% |
|
Bonny Light • 2 days | 90.15 | +1.75 | +1.98% | ||
|
Girassol • 2 days | 90.85 | +1.82 | +2.04% | ||
|
Opec Basket • 3 days | 88.39 | -0.06 | -0.07% |
|
Peace Sour • 2 days | 76.77 | +0.76 | +1.00% | ||
|
Light Sour Blend • 2 days | 79.82 | +0.76 | +0.96% | ||
|
Syncrude Sweet Premium • 2 days | 86.77 | +0.76 | +0.88% | ||
|
Central Alberta • 2 days | 77.17 | +0.76 | +0.99% |
|
Eagle Ford • 3 days | 80.05 | +0.76 | +0.96% | ||
|
Oklahoma Sweet • 3 days | 80.00 | +0.75 | +0.95% | ||
|
Kansas Common • 3 days | 73.75 | +0.75 | +1.03% | ||
|
Buena Vista • 4 days | 87.23 | -0.55 | -0.63% |
Breaking News:
U.S. Shale Oil Production Growth Is Slowing Down
When the illusion of unending…
Texas Deepwater Oil Export Projects Stall
Four projects were planned offshore…
Energy / Crude Oil
U.S. Total Oil Output Poised To Set New 2019 Record
US oil production keeps accelerating towards new highs. New records are expected both when the final numbers for May emerge and at the end of the year. Rystad Energy is…
Putin: Russia Is Fine With $60 Oil
Russia doesn’t need oil prices to be too high and sees the $60-65 a barrel price—the price at which Brent Crude currently trades—as “quite satisfactory,” Russian President Vladimir Putin…
Oil Sands Production To Hit 4 Million Bpd By 2030
Crude oil production from Canada’s oil sands could rise by a million barrels from today’s average daily rate to as much as 4 million bpd in 2030 despite a slowdown…
How Oil Defeated The Nazis
General Erwin Rommel, “the Desert Fox,” was reputedly the best tactician in the entire German Army. For years, he led his panzers across multiple campaigns in North Africa. But what…
This Giant Oil Field Just Hit An Impressive Production Record
The giant Kashagan oil field in Kazakhstan hit a record-high oil production of 400,000 bpd on Tuesday, a few weeks after returning from planned maintenance, three sources familiar with the…
Oil Falls After Sharp Rise In Crude, Gasoline Inventories
Crude oil price trended lower after the Energy Information Administration reported a weekly build in crude oil inventories, at a sizeable 6.8 million barrels. This compares with a
Russia Is Silently Preparing For An OPEC+ Deal Extension
Russia’s largest oil producer Rosneft is in talks with the government for possible compensation for losses in case OPEC and its Russia-led non-OPEC partners decide to extend the production cut…
Oil Prices Drop As Demand Concerns Weigh On Markets
Oil prices were down early on Tuesday, with Brent Crude hitting its lowest level since January and WTI Crude at its lowest since February as trade disputes continued to weigh…
OPEC+ Has Only One Choice As Oil Prices Slide
The meltdown for oil prices came to a halt, at least temporarily, after Saudi Arabia signaled that the OPEC+ production cuts would be sticking around for a little while longer.…
Is There Really An Oil Shortage?
“I am not sure there is a supply shortage,” Khalid al-Falih, the energy minister of the world’s top oil exporter and OPEC’s largest producer, Saudi Arabia, told Reuters in…
It’s Adapt Or Die For U.S. Refiners
The downstream sector of the oil and gas market may be facing challenging times ahead as the demand picture for refined products such as diesel, gasoline, and petrochemicals is expected…
China’s Oil Industry Braces For Worst-Case Trade War Scenario
As the U.S.-China trade war continues to escalate, Beijing and its energy giants appear to be bracing for a worst-case scenario where the spat would drag on for years…
Japan’s Iranian Oil imports Are Plunging
Preliminary data released on Thursday by Japan’s Ministry of Finance showed that the country’s crude oil imports from Iran dropped 42 percent month-on-month to 169,100 barrels per day (bpd)…
Downward Momentum Is Building For Oil
U.S. West Texas Intermediate and international-benchmark Brent crude oil futures are trading lower on Friday amid an escalation of geopolitical events that have raised concerns over the strength of the…
OPEC Oil Output Set For Drop Despite Saudi Production Boost
OPEC’s oil production dropped to a 2015 low of 30.17 million bpd in May, as a major 200,000-bpd increase in Saudi Arabia’s production was unable to offset an even larger…
Why Trump Won't Use His Ultimate Oil Weapon
Last year, ahead of the return of U.S. sanctions against Iran, there was speculation that Washington could use crude oil from the U.S. Strategic Petroleum Reserve to cushion the blow…
Why Oil Majors Are Going All-In On U.S. Shale
Chevron sold off much of its assets in the North Sea, no longer viewing the region as a high priority. Ithaca Energy, backed by Israel-based Delek, agreed to buy Chevron…
Oil Prices Flat On Minor Crude Draw
Amid the ongoing fears of an escalating trade war between China and the United States, the Energy Information Administration countered the price decline potential of the China factor by reporting…
Saudis Raise Oil Prices To Asia As Demand Spikes
Emboldened by strong prompt demand amid tighter oil supply due to the U.S. sanctions on Venezuela and Iran, the world’s top oil exporter Saudi Arabia is expected to raise the…
Floods Threaten America’s Largest Oil Hub
Major flooding in the Midwest has interfered with crude oil flows from the country’s main storage hub in Cushing, Oklahoma, temporarily pushing prices higher, Reuters reports. “Flooding seems to…
