 |
Louisiana Light • 4 days | 84.39 | +0.14 | +0.17% | ||
|
Bonny Light • 3 days | 84.45 | -0.41 | -0.48% | ||
|
Opec Basket • 4 days | 84.23 | -2.94 | -3.37% | ||
|
Mars US • 184 days | 77.26 | -1.51 | -1.92% | ||
|
Gasoline • 10 mins | 2.554 | -0.001 | -0.05% |
|
Bonny Light • 3 days | 84.45 | -0.41 | -0.48% | ||
|
Girassol • 3 days | 85.44 | -0.34 | -0.40% | ||
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Opec Basket • 4 days | 84.23 | -2.94 | -3.37% |
|
Peace Sour • 3 days | 72.15 | -0.05 | -0.07% | ||
|
Light Sour Blend • 3 days | 75.20 | -0.05 | -0.07% | ||
|
Syncrude Sweet Premium • 3 days | 82.15 | -0.05 | -0.06% | ||
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Central Alberta • 3 days | 72.55 | -0.05 | -0.07% |
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Eagle Ford • 4 days | 75.43 | -0.05 | -0.07% | ||
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Oklahoma Sweet • 4 days | 75.50 | +0.00 | +0.00% | ||
|
Kansas Common • 6 days | 72.25 | -0.75 | -1.03% | ||
|
Buena Vista • 7 days | 87.60 | -1.22 | -1.37% |
Breaking News:
Texas Deepwater Oil Export Projects Stall
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Energy / Crude Oil
The Saudi Plan To Boost Spare Oil Production Capacity
Even as Saudi Arabia’s oil production reached record levels, with total output hitting 11.1m barrels per day (bpd) in November 2018, the country is boosting levels of investment to ensure…
China Set To Defy U.S. Sanctions On Iran
Tensions between Washington and Beijing could soon peak if China positions itself to defy President Trump’s repeal of Iranian oil sanctions waivers. On Saturday, noted Chinese analysts said that…
Nigeria Shuts In More Oil After Protests In Niger Delta
A key oil pipeline and a logistics base in Nigeria’s oil-rich Niger Delta have been impacted by a shutdown and protests, the operator of the facilities said on Monday, in…
Pipeline Bottlenecks Cost Canadian Producers $20 Billion
Canada has plenty of oil, and demand is high, but the Canadian oil industry has nevertheless taken a major hit this year thanks to its persisting pipeline bottleneck. The Albertan…
Saudi Plans Leak: Riyadh May Raise Oil Production, But Not Exports
Saudi Arabia may pump more oil next month but this does not necessarily mean it will raise exports as well, Reuters reports, citing sources familiar with Riyadh’s plans. The…
Venezuelan Oil Production Could Plunge To Zero
The oil markets are shrugging off the threat to global oil supplies from Iran and Venezuela, with rising U.S. inventories assuaging concerns about market tightness. The failed coup attempt in…
What’s Behind The Mid-Week Oil Price Crash
Oil prices crashed mid-week on news that U.S. crude oil inventories spiked, offering evidence that the oil market is not as tight as expected only a few…
Has OPEC Reached Its Real Output Cut Goals?
OPEC production estimates from a couple of surveys are in and they suggest the cartel, despite its best efforts, has not been completely successful in its efforts to drive prices…
Mexico Puts The Squeeze On Fuel Theft
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Oil Prices Tank On Record U.S. Production, Surging Inventories
Oil prices plunged early on Thursday to the lowest in a month after U.S. government data showed on Wednesday that inventories hit their highest since September 2017 and production soared…
Economists: Higher Oil Prices Here To Stay
Economists have jacked up the projection for U.S. light crude to average $60.23 per barrel in 2019 from a $58.92 forecast in March in the second and most bullish upwards…
High-Cost Oil Faces Existential Risk
The world is not going to run out of oil. There is plenty of it. In fact, there is likely way more oil than we need, and much of it…
$1 Billion In Iranian Crude Is Stuck At This Chinese Oil Hub
It's no secret that Beijing has chafed at American audacity to try and dictate whom Chinese refineries can and can't buy oil from. And in the latest example of just…
OPEC Oil Production Slips To 4-Year Low
Crude oil production from OPEC declined to the lowest in four years last month, a Reuters survey has suggested, largely because of the continued fall in Venezuelan output and…
The Most Overlooked Risk In Oil Markets
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China Set To Miss Shale Gas Production Target By A Mile
Challenging geology, insufficient infrastructure, and low well productivity are set to result in China badly missing its own shale gas production target to 2020, analysts say. China has set…
The Beginning Of The End For British Shale Gas
Amid the ruckus of Great Britain’s reckless Brexit saga, one might not have noticed the ongoing environmental battle that could put a sudden end to shale gas development in the…
A New Mega Cartel Is Emerging In Oil Markets
China and India—two of the world’s largest oil importers and the biggest demand growth centers globally—are close to setting up an oil buyers’ club to have a say in the…
Africa’s Largest Oil Producer Aims To Double Production
Africa’s largest oil producer, Nigeria, is dusting off an ambitious plan to double its oil production by 2025, aiming to pump as much as 4 million bpd in six…
Will The Middle East Ever Lose Its Control Over Oil Markets?
It’s only been a few years ago, amid the ramp-up in U.S. shale oil production, that many thought the country would replace Saudi Arabia as global oil markets swing producer…
