 |
Louisiana Light • 1 day | 87.56 | +0.00 | +0.00% | ||
|
Bonny Light • 1 day | 88.85 | -1.30 | -1.44% | ||
|
Opec Basket • 1 day | 88.72 | +0.00 | +0.00% | ||
|
Mars US • 179 days | 77.26 | -1.51 | -1.92% | ||
|
Gasoline • 29 mins | 2.709 | -0.040 | -1.45% |
|
Bonny Light • 1 day | 88.85 | -1.30 | -1.44% | ||
|
Girassol • 1 day | 89.64 | -1.21 | -1.33% | ||
|
Opec Basket • 1 day | 88.72 | +0.00 | +0.00% |
|
Peace Sour • 8 hours | 75.83 | -1.22 | -1.58% | ||
|
Light Sour Blend • 8 hours | 78.88 | -1.22 | -1.52% | ||
|
Syncrude Sweet Premium • 8 hours | 85.83 | -1.22 | -1.40% | ||
|
Central Alberta • 8 hours | 76.23 | -1.22 | -1.58% |
|
Eagle Ford • 1 day | 79.11 | +0.00 | +0.00% | ||
|
Oklahoma Sweet • 1 day | 79.00 | +0.00 | +0.00% | ||
|
Kansas Common • 1 day | 73.00 | -1.00 | -1.35% | ||
|
Buena Vista • 4 days | 88.82 | +0.60 | +0.68% |
Breaking News:
Why Biden is Unlikely to Enforce the New Iran Oil Sanctions
Despite Congress passing new sanctions…
The Future of Plastics Will Determine the Future of Oil Demand
Plastics will come to account…
Energy / Crude Oil
Why OPEC+ Output Cuts Take So Long To Materialize
The oil production cuts that OPEC and its partners led by Russia agreed at the end of last year are proving slower to materialize than most observers expected, with Russia…
IMF Slashes Saudi Growth Outlook On Lower Oil Prices, Production
The International Monetary Fund (IMF) cut on Monday its forecast for Saudi Arabia’s economic growth this year to 1.8 percent, down by 0.6 percentage point from the previous economic…
Is Kuwait’s $500 Billion Oil Plan Overoptimistic?
Kuwait’s oil minister is skeptical about the need—and the ability—of the state oil company to spend close to US$500 billion on an expansion program that should run until 2040, Reuters…
Huge Backlog Could Trigger New Wave Of Shale Oil
The number of drilled but uncompleted wells (DUCs) in the U.S. shale patch has skyrocketed by roughly 60 percent over the past two years. That leaves a rather large backlog…
IEA: OPEC+ Cuts Put Floor Under Oil Prices
The “journey to a balanced market will take time, and is more likely to be a marathon than a sprint.” The International Energy Agency (IEA) said that the OPEC+ cuts…
U.S. Refiners Rush To Buy Heavy Oil As Trump Looks To Punish Maduro
Refiners in the United States are stocking up on heavy crude, pushing prices higher, as the Trump administration prepares to slam more punitive measures on Caracas after the inauguration of…
This Is How Much Each OPEC+ Member Needs To Cut
OPEC published on Friday the long-awaited list of oil production quotas for each country in the OPEC+ deal, as it seeks to shore up market confidence that the cartel…
U.S. Oil Outlook Slammed By Lower Prices
The recent slide in oil prices may finally start impacting U.S. oil production forecasts. The plunge in oil prices in November and December spread gloom around the industry. Comments from…
How Much Further Can Venezuela’s Oil Production Fall?
Ambivalent is the word that best describes the condition Venezuelan President Nicolás Maduro has found himself in. From a formal point of view, his January 10 reinauguration went along smoothly…
Trump Takes Aim At Maduro, Threatens Oil Embargo
A week after Venezuelan President Nicolas Maduro was sworn in for a second term in office, the option of a complete oil embargo against Venezuela has been put back on…
Offshore Spending To Overtake Shale In 2019
Rystad Energy forecasts offshore spending will outgrow spending on onshore shale activities this year. Service companies exposed to the offshore subsea market and the maintenance, modifications and operations (MMO) sector…
Crude Oil Inventory Draw Fails To Move Market
The Energy Information Administration reported a crude oil inventory decline of 2.7 million barrels for the week to January 11 but the report failed to have any palpable effect…
EIA: OPEC Production To Fall By 1 Million Bpd This Year
The Energy Information Administration expects OPEC’s combined crude oil production this year to be 1 million barrels per day lower than in 2018, when the cartel produced an average 31.92…
Oil Markets Could See Deficit In 2019
The oil supply surplus is “starting to reverse,” according to a new report from Bank of America Merrill Lynch. The investment bank noted that oil prices had collapsed in late…
U.S. ‘Tough Line’ On Iran Depends On Crude Prices
The U.S. government is planning on taking a tougher line on Iran in the months ahead, redoubling its efforts to cut Iran’s oil exports down to zero. Brian Hook, the…
Heavy Crude: From Glut To Shortage
Just a few months ago Canadian heavy crude oil producers were sending their product to storage amid a painfully deep price discount to West Texas Intermediate that ate into their…
Middle East Gas Game Accelerates As ENI Wins Concessions
Italian oil and gas major ENI has left other international oil majors behind as it has been awarded a long-range of new concession agreements with Abu Dhabi’s national oil company…
CME To Start Selling U.S. Export Crude
International exchange operator CME Group has teamed up with Enterprise Products Partners to launch an electronic trading platform specifically focused on spot contracts for American crude oil for export, Reuters…
Fears Of U.S. Shale Demise May Be Overblown
Recently, there has been some concern about the ability of U.S. shale, and in particular, the Permian Basin, to continue the meteoric increases in production that have characterized the past…
Oil Majors Bet Big On Offshore Drilling In 2019
Oil majors will spend US$208 billion on offshore drilling and other oilfield services this year, but not all sector players are positioned to benefit from the higher spending, Bloomberg
