 |
Louisiana Light • 1 day | 84.39 | +0.14 | +0.17% | ||
|
Bonny Light • 1 day | 84.86 | -0.57 | -0.67% | ||
|
Opec Basket • 1 day | 84.23 | -2.94 | -3.37% | ||
|
Mars US • 182 days | 77.26 | -1.51 | -1.92% | ||
|
Gasoline • 10 mins | 2.593 | -0.004 | -0.13% |
|
Bonny Light • 1 day | 84.86 | -0.57 | -0.67% | ||
|
Girassol • 1 day | 85.78 | -0.59 | -0.68% | ||
|
Opec Basket • 1 day | 84.23 | -2.94 | -3.37% |
|
Peace Sour • 8 hours | 72.15 | -0.05 | -0.07% | ||
|
Light Sour Blend • 8 hours | 75.20 | -0.05 | -0.07% | ||
|
Syncrude Sweet Premium • 8 hours | 82.15 | -0.05 | -0.06% | ||
|
Central Alberta • 8 hours | 72.55 | -0.05 | -0.07% |
|
Eagle Ford • 1 day | 75.43 | -0.05 | -0.07% | ||
|
Oklahoma Sweet • 1 day | 75.50 | +0.00 | +0.00% | ||
|
Kansas Common • 3 days | 72.25 | -0.75 | -1.03% | ||
|
Buena Vista • 4 days | 87.60 | -1.22 | -1.37% |
Breaking News:
Texas Deepwater Oil Export Projects Stall
Four projects were planned offshore…
The U.S. Supermajors Double Down on World's Top Oil Basins
The U.S. supermajors are doubling…
Energy / Crude Oil
Canadian Oil Crisis Continues As Prices Plunge
Canadian oil producers are once again suffering from a steep discount for their oil, causing the largest spread between Canadian oil and WTI in years. Western Canada Select (WCS) recently…
A Major Setback Looms For Colorado Shale
An initiative to expand the setback distance required for oil and gas drilling in Colorado just received a boost, potentially making the November ballot. The stricter drilling requirements could have…
Shockwave In Shipping Could Send Brent Soaring
January 1, 2020 is just seventeen months away when the International Maritime Organization (IMO) will no longer permit use of heavy sulphur marine fuels without treatment of sulphur oxide emissions…
EIA: U.S. Oil Production Growth Is Slowing
The EIA just revised down its forecast for U.S. oil production growth for 2018, an acknowledgement that pipeline constraints are slowing output gains in the Permian basin. The EIA…
Is This Europe’s Newest Oil & Gas Producer?
Few countries have a hydrocarbon history as difficult and convoluted as Portugal. It has lost its colonies just as Angola’s oil production was on the brink of multiplying – later…
Oil Falls Despite Crude Inventory Draw
A day after the API’s estimated oil inventory draw of 6 million barrels failed to impress the market, the Energy Information Administration may have succeeded after reporting a draw…
Why Saudi Oil Production Suddenly Dropped
As if oil market participants haven’t had enough conflicting market forces to digest over the past week, reports that Saudi Arabia’s crude oil production surprisingly dropped in July by…
Pakistan: Exxon Is Close To Making A Mega Oil Discovery
ExxonMobil is close to discovering huge oil reserves in Pakistan near the border with Iran, and those reserves could even be larger than the oil reserves of Kuwait, the Pakistani…
Goldman Sachs Expects “Very, Very Tight” Oil Market
Oil demand continues to be strong and the oil market is “eating very quickly” through OPEC’s spare capacity, so we are going into a “very, very tight oil market,” Michele…
Something Strange Is Happening In The Saudi Oil Patch
Saudi Arabia may have started to fill up its oil tanks, export and domestic consumption data suggests, as cited by Bloomberg’s Julian Lee. Traditionally, the summer months are the season…
Venezuela Sends More Crude To The U.S. Despite Production Woes
Despite a persistent decline in crude oil production, Venezuela has seen its exports of crude to its biggest market, the United States, climb since February this year. In fact, between…
OPEC Oil Production Surges 340,000 Bpd As Saudis Pump Near Record
OPEC’s crude oil production jumped by 340,000 bpd in July from June, as the cartel’s leader Saudi Arabia pumped near-record volumes and the close Saudi allies in the Gulf boosted…
The U.S. Oil Production “Mirage”
Some of the surge in U.S. oil production this past spring might have been “a mirage.” On July 31, the EIA released monthly data on U.S. oil production, which…
Russia Reverses Almost All Its Oil Production Cuts
Russia opened the spigots in July and pumped its highest level of oil since the OPEC+ agreement entered into force in January 2017. At 11.215 million bpd, Russia’s oil…
A New Booming Market For U.S. Crude Exports
The VLCC Tianjin left the Corpus Christi lightering zone in the Gulf of Mexico on June 19 with nearly 2.1 million barrels of US WTI / Midland WTI crude on…
Brazil Reports Record Oil Exports
Crude oil exports from Brazil hit an all-time high in July, at 8.1 million tons, which was a 50-percent increase on the year and a threefold improvement on the month,…
The Next Trade War Escalation Will Hit U.S. Oil
The Trump administration is considering another ramp up of the trade war with China, a move that could begin to rattle the global economy. The Wall Street Journal reports…
U.S. Oil Production Isn’t Growing As Fast As Expected
U.S. crude oil production is growing, but at a slower pace than predicted. American oil production in May actually inched down from April by 0.3 percent, according to EIA’s Monthly…
Kuwait Oil Production Hits 18-Month High
Kuwait is pumping crude at a daily rate of 2.8 million barrels, the most since December 2016, the country’s oil minister Bakheet al-Rashidi said today as quoted by S&P…
Oil Prices Fall After EIA Confirms Crude Inventory Build
After yet another surprise report—this time of an inventory build—from the American Petroleum Institute weighed on prices yesterday, the Energy Information Administration confirmed a build, reporting U.S. crude…
