 |
Louisiana Light • 2 days | 86.79 | -0.77 | -0.88% | ||
|
Bonny Light • 22 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 • 13 mins | 2.577 | 0.000 | 0.00% |
|
Bonny Light • 22 hours | 85.43 | -2.61 | -2.96% | ||
|
Girassol • 22 hours | 86.37 | -2.70 | -3.03% | ||
|
Opec Basket • 3 days | 88.72 | +0.00 | +0.00% |
|
Peace Sour • 21 hours | 75.13 | -0.70 | -0.92% | ||
|
Light Sour Blend • 21 hours | 78.18 | -0.70 | -0.89% | ||
|
Syncrude Sweet Premium • 21 hours | 85.13 | -0.70 | -0.82% | ||
|
Central Alberta • 21 hours | 75.53 | -0.70 | -0.92% |
|
Eagle Ford • 2 days | 78.41 | -0.70 | -0.88% | ||
|
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:
Will Namibia Become OPEC’s Newest Member?
Namibia wants to join OPEC…
Why Biden is Unlikely to Enforce the New Iran Oil Sanctions
Despite Congress passing new sanctions…
Energy / Crude Oil
Is The Shale Slowdown Overblown?
The shale industry has hit a bit of a rough patch, with pipeline bottlenecks, cost inflation and a crowded field contributing to a drilling and production slowdown. But many in…
Colorado’s Oil Industry Braces For A Devastating Blow
Colorado will vote on November 6 on a ballot proposition to increase the setback distance for drilling oil and gas wells by five times to 2,500 feet. Proponents of the…
Norway’s Offshore Oil Boom Is Back On
The rise in oil prices brought about the recovery of Norway’s oil industry, with companies lining up plans to invest in boosting oil production on the Norwegian Continental Shelf (NCS)—surely…
The Millennials Making Millions In Texas Oil
John Sellers and Cody Campbell are holding court one hot August evening in the corner of an oil-themed dive bar in Midland, Texas. After flying in on their private jet,…
New Mexican President Looks To Boost Oil Output By 800,000 Bpd
After winning a landslide 53 percent of the vote on a platform focusing on major reform, incoming Mexican President Andres Manuel Lopez Obrador is already making headlines before he’s even…
China Completes First Physical Delivery For Crude Futures
China concluded the first physical settlement of the Shanghai crude futures contract (SC crude contract) on September 7, 2018, indicating that the newly launched contract has undergone all the trading…
Why OPEC Is Concerned About Global Demand Growth
Amid fears of global oil supply disruption and production curbs, in its latest monthly report, OPEC expects global oil supplies to remain stable, while cautioning that demand is becoming…
Oil Prices Rally On Significant Crude Draw
A day after the American Petroleum Institute gave oil bulls a cause for celebration with an estimated 8.636-million-barrel inventory decline for the week to September 7, the Energy Information…
Saudi Arabia Boosts Oil Supply To Asia As Iran Sanctions Return
Saudi Arabia has the chance to regain Asian market share after at least three North Asian refiners have asked to receive extra supplies of Saudi oil for…
Can Oil Demand Really Peak Within 5 Years?
Oil demand could peak as soon as five years from now. Predicting the point at which the world reaches peak oil demand has become something of a cottage industry. The…
New Fuel Efficiency Rules Could Boost Oil Consumption
Last month, the Trump Administration announced that it would replace fuel efficiency standards enacted by the Obama Administration in order to make cars safer and more affordable. The new proposal unveiled…
Why The U.S. Is Suddenly Buying A Lot More Saudi Oil
For a few months now, OPEC has been boosting production to ease concerns about high oil prices amid expected supply losses from Venezuela and Iran. The cartel’s largest producer and…
The Downside For Oil Is Limited
More than two weeks of nearly uninterrupted price gains for crude oil ended this week, with the rally running out of steam. The question is what happens next? Oil prices…
Texas Oil Production Continues To Soar
These first charts are taken from the EIA’s Monthly Crude Oil and Natural Gas Production. The data is through June 2018 and is in thousands of barrels per day.
The Next Global Oil Hotspot
There are at least 41 billion untapped barrels of crude oil in sub-Saharan Africa, the U.S. Geological Survey estimated two years ago. During the downturn, oil companies bought licenses…
OPEC Head: Global Oil Demand To Hit 100 Million Bpd This Year
Global oil demand will reach 100 million bpd later this year, “much sooner” than previously anticipated, OPEC’s Secretary General Mohammad Barkindo said an event on Wednesday, in a sign…
Survey: OPEC’s August Production Rises
OPEC’s oil production for the month of March was 220,000 barrels per day higher than July volumes, a Reuters survey showed on Friday. Oil prices bristled at the news,…
Saudis Boosted Oil Production To 10.424 Million Bpd In August
Saudi Arabia will report to OPEC that its crude oil production in August averaged 10.424 million bpd, up from the July levels, S&P Global Platts reported on Friday, quoting…
New Crude-By-Rail Service Aims To Ease Permian Bottlenecks
Texas-based Vista Proppants and Logistics has struck a deal with logistics firm JupiterMLP to transload crude oil from truck to rail at Pecos, Texas, and ship crude on the…
Production Growth In The Permian To Hit New Record
The current pipeline constraints in the Permian have been caused by the booming production recorded since the crude oil price recovered in mid-2016. While production has burgeoned, the necessary pipeline…
