 |
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 | 2.556 | +0.001 | +0.04% |
|
Bonny Light • 3 days | 84.45 | -0.41 | -0.48% | ||
|
Girassol • 3 days | 85.44 | -0.34 | -0.40% | ||
|
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% | ||
|
Central Alberta • 3 days | 72.55 | -0.05 | -0.07% |
|
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% |
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Energy / Crude Oil
Oil Rebounds On Bullish Inventory Data
Crude oil prices inched higher after the Energy Information Administration today reported a 1.4-million-barrel crude draw, accompanied by a draw in gasoline stockpiles. These, according to the authority, shed…
Could This Be The Next High Profile Permian Takeover?
Chevron put the Oilfield M&A game in motion on Friday, with their announcement of a cash and stock offer for Anadarko Petroleum. The oil industry is ripe for some M&A…
Red Hot Permian Set To Jolt U.S. Shale Output To New Record
Crude oil production from the seven key shale regions in the United States is expected to increase by 80,000 bpd from April to hit a record 8.46 million bpd in…
This New Oil Hotspot Is Replacing Venezuelan Crude
The U.S. sanctions on Venezuela’s oil industry have tightened the global heavy to medium crude oil market, sending oil buyers scrambling for alternatives to the heavy Venezuelan oil. Refiners…
Did Russia Just Call The End of The OPEC Deal?
OPEC and heavyweight Russia may fight America for its share of the oil market, Russia’s Finance Minister Anton Siluanov told TASS on Saturday, even if it means quitting the OPEC…
‘’Rock Solid’’ Chinese Demand Boosts Oil Prices
The oil market is dramatically tighter than it was only a few months ago, driven by both supply cuts and outages, as well as by the surprising “resilience of demand,”…
Permian Takes The Crown As World’s Top Oil Field
Last week Saudi Aramco — the national oil company of Saudi Arabia and the world’s largest oil company — lifted a veil of secrecy around the company’s operations. For the…
Is This The End Of The OPEC Deal?
Oil prices ran into a brick wall on Thursday, falling more than 1 percent on news that U.S. inventories jumped and OPEC may be considering an exit from its production…
BP Pulls Out Of China’s Shale Patch
BP is set to become the latest international major to quit drilling for shale gas in China because of poor exploration drilling results so far, Reuters reported on Thursday,…
Shale Jobs In Jeopardy Despite Oil Price Rally
Oil prices are climbing to new heights, but many shale companies are not exactly riding high. U.S. shale drillers have run into a series of problems that have resulted…
Oil Rallies As OPEC Production Falls
The below OPEC charts were taken from data in the OPEC Monthly Oil Market Report. All data is through March 2019 and is in thousand barrels per day.
OPEC Oil Output Dips To Four-Year Low As Cartel Tightens Market
OPEC’s crude oil production dropped by more than 500,000 bpd month on month in March, to the lowest since February 2015, as Saudi Arabia followed through its commitment to cut…
Oil Rallies Despite Large Crude Build
Crude oil prices brushed off the Energy Information Administration inventory report today, which saw a 7-million-barrel build in crude oil inventories for the week to April 5. The authority…
Smart Money Is Piling Into Oil
Oil prices jumped to five-month highs this week, pushed higher by a bullish cocktail of supply outages, geopolitical unrest and a sputtering shale sector. The most recent factor is the…
Shell Ventures Into China’s Shale Oil
Oil supermajor Shell has signed an agreement with China’s Sinopec to jointly study the potential development of shale oil in eastern China—one of the few international majors venturing into…
Has Brazil's Oil Boom Been Overstated?
Recent hiccups for Brazilian oil supply call into question the growth projections for the country, with implications for the global oil market. Brazil’s oil production slipped by 65,000 bpd in…
Oil & Gas Discoveries On The Rise As Oil Majors Dive In
Oil and gas exploration is off to a flying start in 2019, with majors taking a bigger bite of the conventional resources discovered in the first quarter, according to Rystad…
Nigeria Boasts Oil Production Cost of $23 Per Barrel
The average production cost for a barrel of oil in Nigeria has declined to just US$23 a barrel, Petroleum Minister Emmanuel Ibe Kachikwu told local media, adding that oil…
Platts Survey: OPEC Oil Production Down To More Than 4-Year Low
Over-delivering Saudi Arabia and blackouts in Venezuela helped push OPEC’s crude oil production down by 570,000 bpd from February to 30.23 million bpd in March—the lowest production from the cartel…
Saudi Arabia Threatens To Drop Dollar For Oil Trades
Saudi Arabia has threatened the United States to stop using dollars for its oil trades in an attempt to discourage legislators from passing a bill dubbed NOPEC aimed at holding…
