 |
Louisiana Light • 4 days | 83.45 | -0.94 | -1.11% | ||
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Bonny Light • 4 days | 84.45 | -0.41 | -0.48% | ||
|
Opec Basket • 4 days | 83.79 | -0.44 | -0.52% | ||
|
Mars US • 185 days | 77.26 | -1.51 | -1.92% | ||
|
Gasoline • 10 mins | 2.575 | -0.013 | -0.50% |
|
Bonny Light • 4 days | 84.45 | -0.41 | -0.48% | ||
|
Girassol • 4 days | 85.44 | -0.34 | -0.40% | ||
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Opec Basket • 4 days | 83.79 | -0.44 | -0.52% |
|
Peace Sour • 3 hours | 71.68 | +0.37 | +0.52% | ||
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Light Sour Blend • 3 hours | 74.73 | +0.37 | +0.50% | ||
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Syncrude Sweet Premium • 3 hours | 81.68 | +0.37 | +0.46% | ||
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Central Alberta • 3 hours | 72.08 | +0.37 | +0.52% |
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Eagle Ford • 4 days | 74.59 | -0.84 | -1.11% | ||
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Oklahoma Sweet • 4 days | 74.50 | -1.00 | -1.32% | ||
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Kansas Common • 7 days | 72.25 | -0.75 | -1.03% | ||
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Buena Vista • 8 days | 87.60 | -1.22 | -1.37% |
Breaking News:
Standard Chartered: Global Oil Demand Will Pick Up Strongly In May And June
Despite some crude inventory builds…
Will OPEC+ Extend Oil Production Cuts?
OPEC+ is likely to keep…
Energy / Crude Oil
Stalemate In Libya Could Cause Next Major Oil Supply Outage
The fighting in Libya has devolved into a protracted stalemate, which does not bode well for the country’s oil production. General Khalifa Haftar and his militia, the Libyan National Army…
Mystery Tanker With Iranian Oil Unloads In China
A tanker carrying Iranian fuel oil has reached its destination at a Chinese port and has unloaded its cargo in storage tanks, Reuters reports, citing shipping data. The shipment…
No, The Oil Glut Hasn’t Disappeared
Global oil demand may be a bit lower this year than previously thought, weighed down by weaker consumption rates in emerging markets. The International Energy Agency lowered its demand growth…
Undeterred By Peak Oil, Saudis Look To Become World’s Largest Oil Trader
Saudi Arabia’s state oil giant Aramco says that it doesn’t believe all the ‘peak oil demand hype’ and expects that its crude oil will be in high demand for decades…
Putin Could Cut His Loss As Venezuelan Oil Output Nosedives
Venezuela’s oil production held up last month, but appears to be falling off a cliff once again. Output in Venezuela rebounded a bit in April, following the horrific electricity…
Saudi Arabia’s Oil Addiction Won’t End Anytime Soon
OPEC de facto leader and the world’s largest crude oil exporter Saudi Arabia is still trying to pivot away from over-reliance on crude oil export revenue. But, to achieve this…
Chinese Oil Refineries Return To Record-High Production
Chinese refineries returned to record-high processing rates last month driven by the so-called teapots, which added a substantial amount of new refining capacity. According to Reuters, the average daily…
OPECs Spare Capacity Could Be Put To The Test
OPEC’s spare capacity may be put to the test as oil prices jumped on Tuesday after tensions in the Middle East rose on multiple reports of unrest, including four damaged…
Global Oil Flows At Stake In New Middle East Proxy War
The tensions between Saudi Arabia/UAE and Iran seem to be heading for a new showdown, as the media hype during the weekend has shown. Not only have unknown assailants attacked…
The Battle For Control Over Iraq’s Oil
Iraq regards the U.S.’s refusal to extend waivers for countries importing oil from Iran as a tacit endorsement for it to pump its own oil to the maximum. This dovetails…
Chinese Oil Majors Backtrack On Pledge To Buy Iranian Oil
It was a question that just as recently as last week was still undecided. Would Beijing kowtow to Washington’s demand that it stop importing Iranian oil at the start of…
Libya’s $60 Billion Push To Double Oil Production
Mustafa Sanalla, chairman of Libya’s internationally recognized National Oil Corporation (NOC), held meetings with U.S. companies at the Offshore Technology Conference (OTC) in Houston this week, to discuss US$60 billion…
The Shale Boom Is About To Go Bust
The shale industry faces an uncertain future as drillers try to outrun the treadmill of precipitous well declines. For years, companies have deployed an array of drilling techniques to extract…
Iran’s Oil Exports Implode As Sanctions Sting
Iran’s oil exports are plunging. Waivers on U.S. sanctions for Iranian oil purchases expired earlier this month, and there is evidence that most countries are steering clear of running afoul…
Significant Supply Outages Put OPEC In A Very Difficult Position
Mounting uncertainty over oil supply disruptions are clouding OPEC’s outlook on global supply for the rest of this year, a month and a half before the cartel is set to…
Rystad: U.S. Shale Is Now The World’s Second Cheapest Source Of Oil Supply
U.S. shale oil—which just four years ago was the world’s second most expensive oil resource—is now the second cheapest source of new oil supply globally, just behind the giant onshore…
Oil Slips Despite Bullish OPEC Report
Crude oil production in OPEC inched up by a modest 30,000 bpd to 30.26 million bpd last month, a survey by S&P Global Platts suggested, after four months of…
EIA Crude Draw Arrests Oil Price Crash
Crude oil prices inched higher after the Energy Information Administration today reported a draw in U.S. crude oil inventories of 4 million barrels for the week to May 3.…
Oil Prices Plunge As U.S.-China Trade War Escalates
Oil prices dipped early on Wednesday as the escalation of the trade dispute between the world’s two largest economies, the United States and China, was unable to…
Iran’s Master Plan To Beat U.S. Sanctions
One key foreign policy goal of the current U.S. government is to initiate regime change in Iran by crippling its economy to such a degree that popular unrest removes the…
