 |
Louisiana Light • 2 days | 86.60 | -0.08 | -0.09% | ||
|
Bonny Light • 1 day | 88.69 | -0.04 | -0.05% | ||
|
Opec Basket • 2 days | 87.35 | -2.29 | -2.55% | ||
|
Mars US • 169 days | 77.67 | -1.57 | -1.98% | ||
|
Gasoline • 14 hours | 2.710 | -0.003 | -0.13% |
|
Bonny Light • 1 day | 88.69 | -0.04 | -0.05% | ||
|
Girassol • 1 day | 89.20 | -0.10 | -0.11% | ||
|
Opec Basket • 2 days | 87.35 | -2.29 | -2.55% |
|
Peace Sour • 21 hours | 75.30 | -0.05 | -0.07% | ||
|
Light Sour Blend • 21 hours | 78.35 | -0.05 | -0.06% | ||
|
Syncrude Sweet Premium • 21 hours | 85.30 | -0.05 | -0.06% | ||
|
Central Alberta • 21 hours | 75.70 | -0.05 | -0.07% |
|
Eagle Ford • 2 days | 79.21 | +0.04 | +0.05% | ||
|
Oklahoma Sweet • 2 days | 79.25 | +0.00 | +0.00% | ||
|
Kansas Common • 3 days | 73.00 | -2.50 | -3.31% | ||
|
Buena Vista • 3 days | 86.86 | -2.40 | -2.69% |
Standard Chartered Says Peak Oil Demand Is Not Imminent
Standard Chartered has predicted global…
Nigeria To Launch Crude Trading at its Commodity Exchange
Africa’s biggest oil producer, Nigeria,…
Energy / Crude Oil
Permian Drillers Prepare For Double-Digit Cost Jump
U.S. shale companies expect a double-digit cost increase in services across the oil patch, and the Permian in particular, as the industry recovered from the downturn and is now growing…
Offshore Oil Closes In On Shale
Offshore crude oil extraction, including deepwater, is closing in on shale in terms of cost thanks to new production technologies, a senior Chevron executive said at an industry event, as…
China's Oil Futures Launch With A Bang
China’s yuan-denominated crude oil futures launched today in Shanghai with 15.4 million barrels of crude for delivery in September changing hands over two and a half hours—the length of…
What Trump's New Appointment Means For Oil Prices
President Trump fired his National Security Advisor H.R. McMaster on Thursday and replaced him with a staunch proponent of war. The appointment significantly raises the odds of a clash…
U.S. Oil Interests In Jeopardy If Key NAFTA Provision Is Removed
A group of more than 100 GOP Senators and House Representatives has called on President Trump to keep investor protection provisions in NAFTA intact. Otherwise, the group says, U.S. investments…
Can The Gulf Of Mexico Break Its Oil Production Record?
2017 was the highest producing year for oil in the GoM and included the record month in March. Gas, which has tended to come from shallow water wells, had accelerated…
OPEC Curbs Oil Shipments To U.S. Refiners
U.S. refiners are receiving smaller shipments of oil from members of the Organization of Petroleum Exporting Countries (OPEC) due to the bloc’s production cut agreement, according to a new report…
North Sea Oil Has Escaped Its Death Spiral
The oil industry is expected to increase spending in the North Sea and the number of projects that could receive a greenlight is set to rise this year for the…
OPEC Might Move Goalposts On Output Cut Deal
Delegates from OPEC and its non-OPEC allies discussed this week potentially changing the metric they use to measure the success of the production cut pact, with most proposals shifting the…
Big Oil’s Trillion Dollar Data Battle
The faster oil services firms and oil exploration companies adopt digitalization, the more data they generate with every well they drill and every digital map of oil resources they create—but…
Trafigura Leads The U.S. Oil Export Boom
One of the world’s biggest commodity traders, Trafigura, was the largest exporter of U.S. crude oil and condensate over the past year, its CEO Jeremy Weir said on Tuesday.…
U.S., Europe And Africa Boost Oil Exports To Asia
At the good ship Clipper, we like to look at flows from two perspectives: sinks and sources. The sources are the main origins of the flows: The key exporting regions…
Why U.S. Oil Exports Are Surging
U.S. crude oil exports are surging and going to a growing number of buyers around the world, including to the fastest-growing demand centers in Asia, the traditional stronghold of the…
U.S. Shale Drillers To Become Profitable For The First Time
U.S. oil companies have stepped up their hedging for 2018 production, locking in sales at higher prices. In the fourth quarter, U.S. producers increased the share of their 2018 output…
The Truth About Aramco’s $2 Trillion Valuation
Two trillion dollars: this was the price tag Riyadh put on the jewel in its crown, state oil and gas giant Aramco. This is how much the company was worth,…
Is OPEC Producing More Oil Than It Claims?
The March OPEC Monthly Oil Market Report is out with the February production data. All data is through February 2018 and is in thousand barrels per day.
EIA Stuns Oil Market With Huge Inventory Build
After plunging oil bulls into deeper gloom by forecasting a 131,000-bpd jump in shale oil production next month, the Energy Information Administration reported a 5-million-barrel increase in crude…
Chinese Oil Production Hits Record Low
Ageing fields and high production costs dragged down China’s domestic crude oil production in January and February, on par with the lowest level on record according to Chinese government…
Old Fields Die Hard
In an industry that is always full of contradictions, 2018 has been a particularly complicated and divisive year for the global oil markets--and it looks like it won’t be letting…
U.S. Oil Rig Count Falls As Gas Rig Count Soars
Baker Hughes reported another 3-rig increase to the number of oil and gas rigs this week. The total number of oil and gas rigs now stands at 984, which…
