 |
Louisiana Light • 2 days | 86.79 | -0.77 | -0.88% | ||
|
Bonny Light • 21 hours | 85.43 | -2.61 | -2.96% | ||
|
Opec Basket • 3 days | 88.72 | +0.00 | +0.00% | ||
|
Mars US • 180 days | 77.26 | -1.51 | -1.92% | ||
|
Gasoline • 12 mins | 2.573 | -0.004 | -0.16% |
|
Bonny Light • 21 hours | 85.43 | -2.61 | -2.96% | ||
|
Girassol • 21 hours | 86.37 | -2.70 | -3.03% | ||
|
Opec Basket • 3 days | 88.72 | +0.00 | +0.00% |
|
Peace Sour • 20 hours | 75.13 | -0.70 | -0.92% | ||
|
Light Sour Blend • 20 hours | 78.18 | -0.70 | -0.89% | ||
|
Syncrude Sweet Premium • 20 hours | 85.13 | -0.70 | -0.82% | ||
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Central Alberta • 20 hours | 75.53 | -0.70 | -0.92% |
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Eagle Ford • 2 days | 78.41 | -0.70 | -0.88% | ||
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Oklahoma Sweet • 2 days | 78.25 | -0.75 | -0.95% | ||
|
Kansas Common • 2 days | 72.25 | -0.75 | -1.03% | ||
|
Buena Vista • 3 days | 87.60 | -1.22 | -1.37% |
Breaking News:
Standard Chartered: Global Oil Demand Will Pick Up Strongly In May And June
Despite some crude inventory builds…
The Next Two Months Will Be Critical For Oil Fundamentals
We're entering a key period…
Energy / Crude Oil
Saudi Arabia To Splash $20B On Oil Capacity Boost
Saudi Arabia will spend US$20 billion on boosting its oil production capacity in the coming years, Energy Minister Khalid al-Falih said, as quoted by Reuters. Earlier this week, the…
OPEC Accused Of Hiding Spare Capacity
The U.S. State Department has lashed out against OPEC, accusing the cartel of hiding 1.42 million bpd in spare oil production capacity, S&P Global Platts reports, citing a statement sent…
Saudi Arabia And Russia Make Secret Oil Deal
Are Saudi Arabia and Russia helping Trump out by agreeing to increase oil production? A new report from Reuters says that Russia and Saudi Arabia “struck a private deal”…
Venezuela’s Oil Exports Are Falling Even Faster Than Expected
A delay in port repairs following a tanker collision is putting additional pressure on already pressured Venezuelan crude oil exports, Reuters quoted anonymous sources close to PDVSA as saying this…
Energy Minister: Saudi Arabia Is Boosting Oil Production
Saudi Arabia will pump 10.7 million bpd of oil in October and will slightly raise this level in November, Saudi Energy Minister Khalid al-Falih said at an energy forum…
Oil Slumps On Major Inventory Build
Crude oil prices fell after the Energy Information Administration reported an 8-million-barrel build in U.S. crude oil inventories for the week to September 28. Although expected by some analysts…
WTI Discount To Brent Could Explode
The world’s two most important oil benchmarks are on two different tracks, and may see a larger divergence in the months ahead. WTI has typically traded at a discount to…
Citi: Brent-WTI Spread Could Widen To 5-Year High
Rising U.S. oil production, coupled with the Permian pipeline capacity constraints, are set to lead to a build-up in Cushing, Oklahoma, inventories that will put further pressure on the benchmark…
The $50 Billion Deal That Could Revive The Aramco IPO
The Aramco IPO saga continues, with the Saudi oil giant soon to enter the international financial markets for a $50 billion loan. International sources are reporting that the world’s largest…
Is China Turning Trump's Oil Weapon Against Him?
Usually when referring to the so-called oil weapon, analysts are talking about the decades old policy of major oil producing nations withholding production to tighten supplies and drive prices up,…
Kuwait Stops Exporting Crude To U.S.
Kuwait has not sent any crude oil to the United States for at least four weeks, EIA’s weekly petroleum reports for the last four weeks, which also include a…
Underwhelming OPEC Fuels Oil Price Rally
Oil prices rose on Monday on news that OPEC only added a modest amount of additional supply to the market in September, contrary to previous expectations. Saudi Arabia had
The Oil Industry Needs Large New Discoveries, Very Soon
Market participants and analysts are all focused on the imminent oil supply gap that is opening with the U.S. sanctions on Iran just five weeks away. But beyond the shortest…
Who Will Save Ukraine’s Dying Refineries?
Ever since war broke out in Eastern Ukraine, the energy industry has been guessing what will happen to Ukraine’s gas transit and its transmission system. In the background, however,…
Saudi Arabia, Kuwait Discuss New Oil Production In Neutral Zone
Saudi Arabia’s Crown Prince Mohammed has discussed the restart of crude oil production in the neutral zone between Saudi Arabia and Kuwait during a meeting with Kuwait’s Emir Sheikh Sabah…
Ignore The Hype – Oil Prices Aren’t Going Back To $100
The breakout in Brent crude prices above $80 this week has prompted analysts at the sell side banks to start talking about a return to $100 a barrel oil. Even President…
How Much Spare Capacity Does Saudi Arabia Really Have?
Saudi Arabia has pledged to cover any supply gap that may emerge as Iranian oil goes offline, but how much spare capacity does it really have? The massive reserve of…
Refiners Struggle To Adapt To The Shale Boom
U.S. shale production is at record highs and the momentum is still not over. A lot has been said about the energy self-sufficiency implications of this trend, but there’s something…
Why A U.S. SPR Release Would Not Matter
The decision by OPEC+ to essentially let Brent crude rise above $80 per barrel, a four-year high, was met with outrage by U.S. President Trump. At the UN General…
The Biggest Wildcard In The Iran Sanctions Saga
In the last 24 hours there have been two fascinating media reports about the Iran sanctions: one is a Bloomberg story saying Indian refiners will not buy any Iranian…
