 |
Louisiana Light • 2 days | 82.77 | -0.13 | -0.16% | ||
|
Bonny Light • 21 hours | 84.38 | +0.37 | +0.44% | ||
|
Opec Basket • 2 days | 83.60 | -0.14 | -0.17% | ||
|
Mars US • 187 days | 77.26 | -1.51 | -1.92% | ||
|
Gasoline • 11 mins | 2.537 | +0.005 | +0.21% |
|
Bonny Light • 21 hours | 84.38 | +0.37 | +0.44% | ||
|
Girassol • 21 hours | 85.24 | +0.29 | +0.34% | ||
|
Opec Basket • 2 days | 83.60 | -0.14 | -0.17% |
|
Peace Sour • 20 hours | 71.58 | -0.10 | -0.14% | ||
|
Light Sour Blend • 20 hours | 74.63 | -0.10 | -0.13% | ||
|
Syncrude Sweet Premium • 20 hours | 81.58 | -0.10 | -0.12% | ||
|
Central Alberta • 20 hours | 71.98 | -0.10 | -0.14% |
|
Eagle Ford • 2 days | 74.86 | -0.10 | -0.13% | ||
|
Oklahoma Sweet • 2 days | 75.00 | +0.00 | +0.00% | ||
|
Kansas Common • 8 days | 69.25 | -3.00 | -4.15% | ||
|
Buena Vista • 3 days | 83.20 | +0.37 | +0.45% |
Why the IEA is Wrong About Peak Oil Demand
The International Energy Agency (IEA)…
Will OPEC+ Extend Oil Production Cuts?
OPEC+ is likely to keep…
Energy / Crude Oil
Canadian Crude Rises 70% On Unprecedented Output Cuts
Since Alberta Premier Rachel Notley announced an oil production cut of 325,000 bpd beginning next month, the spot price for Western Canadian Select has gained over 70 percent, Bloomberg
Analysts: Output Cuts To Balance Oil Markets In 2019
With a few days to digest the specifics of the OPEC+ deal, most analysts deem the result a success. But that does not mean that there are no pitfalls…
OPEC+ Deal To Be Forged In March
OPEC and its non-OPEC partners are set to officially sign a cooperation agreement in March of next year, the UAE’s energy minister Suhail al-Mazrouei said, according to Reuters. The…
The Dangers Of China’s Growing Oil Demand
China’s oil thirst continues to grow, despite the impact that U.S. tariffs are starting to have on the world’s second largest economy. On Saturday, preliminary data from China’s General Administration…
Saudi Arabia To Cut Oil Exports By 1 Million Bpd Next Month
Saudi Arabia could reduce its daily crude oil shipments abroad by as much as 1 million barrels next month, Reuters reports, quoting unnamed sources close to Riyadh. According to…
OPEC+ Succeeds, What’s Next For Oil?
Oil prices spiked on Friday on news from Vienna. OPEC+ managed to pull off an eleventh-hour agreement, checking all the boxes after a contentious set of meetings. There were…
The Real Implications Of The New Permian Estimates
This week the United States Geological Survey (USGS) announced a groundbreaking oil and gas discovery in West Texas’ Permian Basin. According to the organization’s recent press release, a whopping…
Is The OPEC Deal The Start Of A New Rally In Oil?
U.S. West Texas Intermediate Crude Oil soared on Friday as investors breathe a sigh of relief as OPEC and its partners decided to cut 1.2 million bpd. On Thursday, Saudi…
Permian Oil Reserves May Be Twice As Big As We Thought
The U.S. Geological Survey has revised the technically recoverable reserves in the Wolfcamp Basin, in the Permian shale play, to 46.3 billion barrels of crude and 281 trillion cu ft…
Oil Prices Hold Steady As U.S., Canadian Oil Rig Count Take Steep Dive
Baker Hughes reported a 1-rig decrease for oil and gas in the United States this week—a loss in rigs for the second week in a row, with a 10-rig decrease…
Libyan Oil Production Falls 300,000 Bpd In December
Libya’s crude oil production has fallen by about 300,000 bpd since the start of this month on the back of oil export terminal shutdowns amid harsh weather and full storage…
U.S. Becomes Net Oil Exporter For First Time In 75 Years
The United States became a net oil exporter last week for the first time in 75 years, and even if it is likely to be for just one week,…
Oil Prices Tank Despite Large Crude Draw
As oil markets hold their breath for OPEC+’s announcement of the final production cuts to take place starting next year, the Energy Information Administration served a nice surprise to oil…
Joint OPEC+ Committee Recommends Cuts
The joint ministerial committee of OPEC and non-OPEC ministers that oversaw the production cuts from 2017 and the first half of this year has once again recommended that the cartel…
Is This The Most Crucial Factor For Oil In 2019?
The oil market is understandably in a state of suspense this week, eagerly fixated on the events unfolding in Vienna. But regardless of what happens, the market is in for…
U.S. Shale Struggles As Oil Prices Drop
The explosive production growth in the U.S. shale patch has surprised even the most optimistic forecasters, but the huge jumps in output belies and obscures the financial state of the…
U.S. Oil Majors To Break “The Contract Of The Century”
Since the oil industry started to recover from the 2014 price crash, U.S. supermajors ExxonMobil and Chevron have been re-aligning their global operations with their longer-term priorities, betting more on…
The U.S. Pipeline Industry Is Booming
Every once in a while, a new technological development shakes up a conservative sector. In the oil and gas industry, the shale revolution has changed the business in multiple ways.…
Iran: Don’t Count On A New OPEC Deal
OPEC’s meeting this Thursday in Vienna may not lead to an agreement to start reducing production, Iran’s OPEC governor said, as quoted by S&P Global Platts. Hossein Kazempour Ardebili…
The Most Likely Outcome Of The OPEC Meeting
The OPEC+ meeting is set to kickoff, with a press conference scheduled for Thursday afternoon in Vienna. While there seems to be a vague outline of an agreement in hand,…
