 |
Louisiana Light • 3 days | 87.12 | +0.03 | +0.03% | ||
|
Bonny Light • 23 hours | 89.32 | +0.45 | +0.51% | ||
|
Opec Basket • 3 days | 86.51 | -1.01 | -1.15% | ||
|
Mars US • 173 days | 77.26 | -1.51 | -1.92% | ||
|
Gasoline • 14 mins | 2.742 | +0.007 | +0.26% |
|
Bonny Light • 23 hours | 89.32 | +0.45 | +0.51% | ||
|
Girassol • 23 hours | 89.90 | +0.45 | +0.50% | ||
|
Opec Basket • 3 days | 86.51 | -1.01 | -1.15% |
|
Peace Sour • 22 hours | 76.56 | +1.46 | +1.94% | ||
|
Light Sour Blend • 22 hours | 79.61 | +1.46 | +1.87% | ||
|
Syncrude Sweet Premium • 22 hours | 86.56 | +1.46 | +1.72% | ||
|
Central Alberta • 22 hours | 76.96 | +1.46 | +1.93% |
|
Eagle Ford • 3 days | 79.33 | -0.29 | -0.36% | ||
|
Oklahoma Sweet • 6 days | 79.75 | +0.50 | +0.63% | ||
|
Kansas Common • 2 days | 73.50 | +0.50 | +0.68% | ||
|
Buena Vista • 3 days | 87.02 | -0.29 | -0.33% |
Zombie Fires Pose Looming Threat to Canada’s Oil and Gas Infrastructure
Canada faces an escalating threat…
Nigeria To Launch Crude Trading at its Commodity Exchange
Africa’s biggest oil producer, Nigeria,…
Energy / Crude Oil
Goldman: Trade War Won’t Derail Oil Prices
U.S. tariffs are set to take effect on China on Friday, with China promising immediate retaliation, kicking off the next phase of the trade war. But it remains to be…
Aramco Looks To Launch New Oil Price Benchmark
Saudi Arabia has turned its oil market fortunes around over the past 1 ½ years. From facing potential financial collapse due to a historic supply overhang of crude on the…
Oil Prices Slide On Small Crude Build
As oil prices continue to press on higher the EIA reported an inventory build of 1.2 million barrels for the week to June 29. This follows three consecutive weekly…
U.S. Sour Oil Sellers Panic, Cut Prices To Asia
U.S. sour crude oil sellers have reduced their pricing for Asian customers, fearing that demand for U.S. oil may drop as China threatens to slap tariffs on American energy imports…
Trump Is Fracturing OPEC
President Trump is fracturing OPEC. Trump’s tweet over the weekend that Saudi Arabia agreed to add 2 million barrels per day (mb/d) of supply confused the oil markets, pushing prices…
China Throws Venezuela’s Oil Industry A $5B Lifeline
China’s Development Bank has approved a US$5-billion loan for Venezuela’s oil industry, Bloomberg reports, quoting the troubled South American country’s Finance Minister Simon Zerpa. “We’ve received the authorization for…
The New Oil Cartel Threatening OPEC
When reports emerged that India and China are in talks about forming an oil buyers’ club, OPEC was probably too busy with its upcoming June 22 meeting to concern…
Permian Bottlenecks Come At The Worst Moment
The growing number of supply outages around the world are causing the oil market to become a lot more volatile, putting extra emphasis on every barrel that does or does…
Do Crude Producers Really Want Higher Oil Prices?
Major states buying oil from Iran are unlikely to heed the U.S. call to drop imports; key allies want a waiver to avoid sanctions; OPEC, meanwhile, will have trouble boosting…
OPEC Production Jumps In June As Saudis Near Production Record
OPEC’s oil production in June increased by 320,000 bpd from May to stand at 32.32 million bpd, as the cartel’s biggest producer Saudi Arabia produced close-to-record volumes, according to a…
Saudi Arabia Won’t Bring 2 Million Bpd Online
President Trump said in a tweet on Saturday that Saudi Arabia agreed to boost oil production by 2 million barrels per day (mb/d), a claim that surely came as news…
What Trump’s Tweet Actually Means For Oil
After a weekend of turmoil, largely caused by President Trump’s twitter diplomacy, the international oil cartel could soon be facing a new crisis. As previously reported, Saudi Arabia and Iran…
India Folds Under Pressure, Halts Iranian Oil Imports
In more dour news for Iran, India (the world’s fourth largest oil importer) is planning to cut oil imports from the embattled OPEC member. India’s oil ministry has asked refiners…
Saudi King To Trump: We Will Boost Oil Output If Needed
The White House has dismissed a suggestion that President Trump made in a tweet that Saudi Arabia is ready and willing to increase oil production by up to 2…
Libya Stops Pumping Oil
Libya’s National Oil Corporation has declared force majeure on crude oil loadings from two oil terminals, which effectively removed 850,000 bpd from the country’s production, Libyan media report. “Despite…
Sanctions On Iran May Send Oil Prices Above $90 Next Year
According to Bank of America Merrill Lynch, oil prices will hit $90 a barrel by the second quarter of 2019, as Iranian oil barrels are removed from the market…
Mexico’s Oil Crescent Faces A Perfect Storm
Most analyses of the 2014 oil price crash and its effects tend to focus on the oil industry itself. There are bitter accounts about how the price crash affected the…
U.S. Oil Exports Overtake OPEC’s Number 3
Two and a half years after the U.S. removed export restrictions on its crude oil, its exports hit 3 million bpd —the latest all-time high set in recent months.…
This Country Just Started Pumping Oil For The First Time Ever
Ethiopia began on Thursday its first-ever crude oil production under a test production scheme that will see initial production of 450 barrels of oil per day. Ethiopia, a rather…
The Demand Downside For Oil Prices
Oil supply outages are multiplying around the world and are likely to grow worse in the second half of 2018. The disruptions reduce the odds of a supply-driven slide in…
