 |
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 | 2.567 | +0.012 | +0.47% |
|
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 hours | 71.31 | -0.84 | -1.16% | ||
|
Light Sour Blend • 3 hours | 74.36 | -0.84 | -1.12% | ||
|
Syncrude Sweet Premium • 3 hours | 81.31 | -0.84 | -1.02% | ||
|
Central Alberta • 3 hours | 71.71 | -0.84 | -1.16% |
|
Eagle Ford • 4 days | 75.43 | -0.05 | -0.07% | ||
|
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:
Large Crude Inventory Build Rocks Oil Prices
Crude oil prices went lower…
Shale Helps Insulate U.S. from Oil Shocks—But Not Entirely
U.S. shale has provided that…
Energy / Crude Oil
What Is Pushing China Back To Coal?
Data released by the Chinese energy bureau this week shows that the country added a whopping 194 million tonnes of coal mining capacity over the course of 2018. This revelation…
Japan Struggles To Diversify Energy Mix
The percentage of renewables in the global energy mix has risen significantly over the years due to, for example, lower costs for photovoltaic cells. The improved financial position of…
China Can’t Get Enough Of This Discounted Oil
China is taking advantage of steep discounts for Iranian and Venezuelan crude to increase its imports from the two countries sanctioned by the United States, Bloomberg reports, adding that…
Texas Needs 11,000 More Miles Of Pipelines
Texas will need an additional 10,950 miles of oil and gas pipelines to accommodate rising production over the years to 2050, an IHS Markit study quoted by S&P Global…
Alberta’s Price-Correcting Plan Backfires
When Alberta’s government announced obligatory oil production cuts last December, it was a desperate attempt to arrest a price slide of the local crude benchmark that had led to…
Schlumberger Won’t Take New Full-Oilfield Management Projects
Oilfield services provider Schlumberger will focus on monetizing existing full-field production management contracts in the near to medium term and will not undertake new such deals in the meantime, chairman…
What Norway’s Decision To Divest Means For US Shale
After months of deliberations, Norway’s government proposed in March that the country’s US$1-trillion fund—the world’s biggest sovereign wealth fund—divest from oil and gas exploration companies. The move by the…
India Stops Taking In Venezuelan Oil
A senior U.S. government official has told Indian media that private local refiners had stopped importing crude oil from Venezuela, noting the cooperation of Indian companies in this respect. "My…
Big Pivot In Energy Is Gaining Momentum
For years, the oil and gas industry has boasted about the longevity and durability of oil and gas reserves despite growing signs that peak oil demand is around the corner.…
U.S. Didn’t Import Venezuelan Oil Last Week—For The First Time Ever
The United States didn’t import any crude oil from Venezuela in the week to March 15, for the first time ever since the EIA began tracking weekly U.S. crude…
One Last Warning For The U.S. Shale Patch
Oil price lost 44% of its value late last year. That price collapse was a signal to tight oil companies to stop over-producing. The message will be repeated until action…
U.S. On The Hunt For Iranian “Ghost Tankers”
When Washington announced the return of economic sanctions against Iran, the main idea was pretty clear: cut exports of vital oil to zero to paralyze the economy and prompt…
Oilfield Services Might Not Fully Recover Till 2025
The global oilfield service sector’s recovery from the deepest trough it has ever encountered is not going to happen overnight. Not until 2025, 11 years after the last peak, are…
Why Russia Fails To Comply With The OPEC+ Cuts
Russia’s crude oil production to date is 140,000 bpd lower than the average daily rate for October 2018, Energy Minister Alexander Novak said as quoted by TASS. The October…
Crude Oil Stocks Rise Despite U.S. Sanctions
Crude oil inventories in the world are rising despite U.S. sanctions, which have affected Venezuelan and Iranian production, Saudi Arabia’s Energy Minister Khalid al-Falih said, as quoted by Reuters,…
Cuba Faces Oil Crisis As Venezuela Crumbles
When Venezuela’s opposition leader Juan Guaido earlier this week said he had decreed the suspension of all crude oil shipments to Cuba, he explained the move with the massive…
How The Californian Oil Boom Died
This week I am creating slides for a presentation I am giving in California later this month. While researching the material, I took a closer look at the history of California’s oil…
U.S. Oil Production Is Headed For A Quick Decline
The most recent forecasts published by the US Energy Information Administration show US oil production increasing steadily. The February Short-Term Energy Outlook sees the output from US wells rising from…
IEA: U.S. Shale To Seize Market Share In Next Decade
The U.S. shale industry has been responsible for a tidal wave of oil production in recent years, and shale will increasingly dominate the oil market over the next half-decade at…
Refining Frenzy Worsens Fuel Glut In Asia
Asia is drowning in Chinese fuels and things are about to get worse over the next three years as new refining capacity in the world’s second-largest economy begins operating. There…
