 |
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 • 177 days | 77.26 | -1.51 | -1.92% | ||
|
Gasoline • 2 days | 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% | ||
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Central Alberta • 2 days | 77.17 | +0.76 | +0.99% |
|
Eagle Ford • 3 days | 80.05 | +0.76 | +0.96% | ||
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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:
Standard Chartered: Global Oil Demand Will Pick Up Strongly In May And June
Despite some crude inventory builds…
Will Namibia Become OPEC’s Newest Member?
Namibia wants to join OPEC…
Energy / Crude Oil
Only 10% Of U.S. Shale Drillers Have A Positive Cash Flow
Nine in ten US shale oil companies are burning cash, according to Rystad Energy. Rystad has studied the financial performance of 40 dedicated US shale oil companies, focusing on cash…
Peace And Oil: Trump’s Endgame In Saudi Arabia
By now, after two-and-a-half years in office, it’s obvious that President Trump’s relations with Riyadh are dictating his foreign policy, even at the expense of further enraging a Democratic-controlled Congress…
The Second Machine Age Could Crash Oil Prices
The International Energy Agency (IEA), OPEC and the U.S. Energy Information Administration (EIA), have consistently and seriously underestimated U.S. oil production, and hence non-OPEC supply, since the Shale Oil Revolution…
Why EVs Can’t Do Without Oil
Like most debates these days, the debate on the carbon footprint of electric vehicles is a heated one with the most vocal opinions coming from extreme camps. Again, like most…
Norwegian Oil Patch Ramps Up Spending To Counter Decline
Norway’s oil and gas companies plan to spend 17 percent more this year, at about US$21.11 billion as they step up their exploration and production efforts, Reuters reports, citing…
The Single Biggest Challenge For The Oil & Gas Industry
The string of new oil discoveries off the coast of Guyana has lifted spirits recently, creating the impression that the energy industry is back on its feet and making more…
Falling Russian Crude Output Lifts Brent Oil Prices
Russian oil production continues to trend lower in May as exports via the Druzhba oil pipeline have been restricted due to a contamination issue, helping Russia to finally fall in…
Saudi Oil Exports To China See Spectacular Jump
Saudi crude oil exports to China rose 43 percent on the year in April to an average 1.53 million bpd versus 1.07 million bpd in April 2018 as independent…
Is The Oil Glut Coming Back?
Oil had its worst week of the year, and the plunge in prices have renewed concerns about the global economy, oil demand and a stubborn crude oil surplus. Oil…
The Oil Market Isn’t As Weak As It Appears
A slight price recovery on Friday couldn’t save what turned out to be the worst week this year for oil markets. Brent is currently hovering around $68 per…
This Oilfield Service Player Is Looking To Make A Comeback
Introduction The collapse of deepwater drilling in the Gulf of Mexico, (GoM) beginning in 2014, with no real recovery yet in sight, has spread a lot of misery around the…
Will The U.S. Slap Sanctions On Nord Stream 2?
There is a growing push in the U.S. Congress to slap sanctions on the Nord Stream 2 pipeline. The pipeline under construction would carry Russian natural gas to Germany, and…
Norwegian Oil Output Set To Fall To Lowest Level In Three Decades
Norway’s crude oil production slipped to 1.38 million bpd in April from 1.387 in March and 1.531 million bpd a year ago, the Norwegian Petroleum Directorate reported this week.…
Red Flag For Oil Markets: Asian Refining Margins Plunge To 16-Year Low
Persistent pressure on profit margins has forced Asian refiners to start considering a reduction in their run rates, Reuters reports, citing unnamed sources from the industry. According to the…
The Silence Before The Storm In Oil Markets
With oil production plunging in Venezuela and Iran, tension in the Middle East at its highest point in years, and the threat of further outages in Libya, why are oil…
The Myth Of Cheap Shale Oil
The breakeven cost of producing oil from U.S. shale is roughly the same as non-shale, despite the tidal wave of investment into the sector. According to the Federal Reserve…
Oil Prices Could Rise As Persian Gulf Becomes ‘Danger Zone’ For Tankers
The heightened tension in the Middle East and security risks in the key waterways around the Arabian Peninsula have prompted the world’s most influential marine insurers’ organizations to expand their…
Saudi Arabia Scrambles To Calm Oil Markets
Saudi Arabia, the world’s largest oil exporter, and de facto OPEC leader, is trying to calm global oil market jitters, and at least for now, it’s working. Saudi Arabia's…
Chinese Oil Buyers Shun U.S. Crude
Chinese oil traders and refiners no longer want to sign long-term supply agreements with U.S. producers, said the chief executive of Enterprise Products Partners as quoted by Reuters, amid…
U.S. Shale Oil Production Set To Grow 16% This Year
US shale operators are on course to increase oil production significantly in 2019. The growth in US onshore production from the first quarter through the fourth quarter…
