 |
Louisiana Light • 3 days | 84.39 | +0.14 | +0.17% | ||
|
Bonny Light • 2 days | 84.45 | -0.41 | -0.48% | ||
|
Opec Basket • 3 days | 84.23 | -2.94 | -3.37% | ||
|
Mars US • 183 days | 77.26 | -1.51 | -1.92% | ||
|
Gasoline • 1 day | 2.555 | -0.041 | -1.59% |
|
Bonny Light • 2 days | 84.45 | -0.41 | -0.48% | ||
|
Girassol • 2 days | 85.44 | -0.34 | -0.40% | ||
|
Opec Basket • 3 days | 84.23 | -2.94 | -3.37% |
|
Peace Sour • 2 days | 72.15 | -0.05 | -0.07% | ||
|
Light Sour Blend • 2 days | 75.20 | -0.05 | -0.07% | ||
|
Syncrude Sweet Premium • 2 days | 82.15 | -0.05 | -0.06% | ||
|
Central Alberta • 2 days | 72.55 | -0.05 | -0.07% |
|
Eagle Ford • 3 days | 75.43 | -0.05 | -0.07% | ||
|
Oklahoma Sweet • 3 days | 75.50 | +0.00 | +0.00% | ||
|
Kansas Common • 5 days | 72.25 | -0.75 | -1.03% | ||
|
Buena Vista • 6 days | 87.60 | -1.22 | -1.37% |
Breaking News:
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Energy / Crude Oil
What Crashing Refining Margins Mean For Oil Markets
Oil prices have plunged to one-year lows, but refiners in certain parts of the U.S. are not benefitting from cheaper crude. According to new data from the EIA, refining margins…
The Saudi Dilemma: To Cut Or Not To Cut
To cut and push up prices or not to cut and preserve market share, this is the question that Saudi Arabia is facing ahead of this year’s December OPEC meeting.…
Are Oil Markets About To Turn Around?
Despite hitting its lowest level in over a year earlier in the week, crude oil is showing signs of stabilizing. This is perhaps an early indication that the worst of…
Shale Drillers May Cut Capex As Oil Falls To $50
Just as the U.S. shale patch is drafting spending budgets for 2019, oil prices have tumbled 25 percent from four-year highs in early October to just above $50 a barrel…
Oil Output Cuts May Be Coming But Don’t Bet on It
As I write, the world’s leaders are meeting at the G20 summit in Argentina. There are, as always, lots of story lines surrounding the meeting, some financial in nature such…
New Breakthrough Will Change How Oil Reserves Are Measured
A Massachusetts Institute of Technology team of researchers has taken the first three-dimensional images of kerogen’s internal structure, with a level of detail more than 50 times greater than has…
Oil Prices Set To Book Worst Month In A Decade
Oil prices dropped early on Friday, on course to finish their worst month since 2008, as fears of oversupply and slowing demand growth dragged oil down into a bear market…
The Biggest Winners Of The Oil Price Slump
Brent crude has sunk to US$60 a barrel with WTI down to US$52 and, not surprisingly, talk about Brent hitting US$100 a barrel by the end of the year is…
Is The Saudi-Russia Oil Bromance At Risk?
A week before OPEC and allies meet in Vienna to discuss a new oil production cut, the market is still wondering whether the leaders of the OPEC and non-OPEC nations—Saudi…
Oil Falls On Crude Inventory Build
Crude oil prices slipped further down today after the Energy Information Administration reported crude oil inventories for the week to November 23 had added 3.6 million barrels. That’s compared…
How Much Oil Production Will The Saudis Cut?
Donald Trump continues to take credit for lowering oil prices. So great that oil prices are falling (thank you President T). Add that, which is…
The Oil Powerhouses Replacing OPEC
Three countries currently account for close to 40 percent of global crude oil production and only one of these countries is a member of the Organization of Petroleum Exporting Countries.…
Stopping Syria’s Oil Smuggling Scheme
The civil war in Syria has resulted in government-controlled areas being deprived of domestic oil. Before the war, Eastern Syria produced 95 percent of the country’s oil. Today, Syrian government…
The Biggest Losers Of The Current Oil Price Slump
The ongoing slump in oil prices, which has seen crude fall so sharply from the 52-week high set in October that $1 trillion has been wiped off energy stocks,…
Three Reasons Why LNG Prices In Asia Are Plunging
Prices for liquefied natural gas (LNG) remain weak going into what forecasters are claiming will be a warmer than usual winter season in the Northern Hemisphere. In fact, last week…
How Much Does OPEC Need To Cut To Balance The Market?
OPEC will probably agree to cut production to the tune of between 1 and 1.5 million bpd, analyst Johannes Benigni from Austrian JBC Energy Group told CNBC, adding there was…
How President Trump Is Undermining U.S. Oil Producers
President Trump recently took credit for the plunge in oil prices since early October. As I noted in a recent article, it’s true that the President’s actions have contributed…
The Real Effect Of Iran Sanction Waivers
On the day U.S. sanctions against Iran went into effect, Brent crude traded at US$72.68 a barrel. Today, three weeks later, Brent is down to US$59.59 a barrel and President…
Brazil Eyes $30 Billion Offshore Oil Boom
Over the past few years, Brazil has held several very successful oil auctions under production-sharing contracts in its pre-salt layer, attracting major oil companies to its prized offshore oil area.…
Saudi Oil Output Hits Record High In November
Saudi Arabia’s oil production has been at a record high this month—at between 11.1 million bpd and 11.3 million bpd in some days in November, an industry source familiar with…
