 |
Louisiana Light • 1 day | 86.49 | -0.63 | -0.72% | ||
|
Bonny Light • 1 day | 89.32 | +0.45 | +0.51% | ||
|
Opec Basket • 1 day | 88.45 | +1.94 | +2.24% | ||
|
Mars US • 174 days | 77.26 | -1.51 | -1.92% | ||
|
Gasoline • 10 mins | 2.717 | -0.018 | -0.65% |
|
Bonny Light • 1 day | 89.32 | +0.45 | +0.51% | ||
|
Girassol • 1 day | 89.90 | +0.45 | +0.50% | ||
|
Opec Basket • 1 day | 88.45 | +1.94 | +2.24% |
|
Peace Sour • 9 hours | 76.01 | -0.55 | -0.72% | ||
|
Light Sour Blend • 9 hours | 79.06 | -0.55 | -0.69% | ||
|
Syncrude Sweet Premium • 9 hours | 86.01 | -0.55 | -0.64% | ||
|
Central Alberta • 9 hours | 76.41 | -0.55 | -0.71% |
|
Eagle Ford • 1 day | 79.29 | -0.04 | -0.05% | ||
|
Oklahoma Sweet • 1 day | 79.25 | -0.50 | -0.63% | ||
|
Kansas Common • 2 days | 73.50 | +0.50 | +0.68% | ||
|
Buena Vista • 3 days | 87.02 | -0.29 | -0.33% |
U.S. Oil and Gas Boom Poses Challenge to Climate Goals
Despite renewable energy efforts, the…
Zombie Fires Pose Looming Threat to Canada’s Oil and Gas Infrastructure
Canada faces an escalating threat…
Energy / Crude Oil
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…
Alberta Ready To Turn Off Oil Taps For B.C.
Alberta’s government may be considering a suspension of crude oil shipments to British Columbia in the latest episode of what is turning into a drama series starring Canada’s biggest oil…
Saudi Arabia Plans Its Own Shale Revolution
Saudi Arabia has big gas plans, with Aramco eyeing a twofold increase in its natural gas production over the next ten years as it seeks to switch local power plants…
Oil And Gas Is Under Attack In Latin America
“The energy reform has a lot of benefits to the country, to the people, so the worst case scenario in my point of view is that the speed that we…
The Mysterious Chinese Company Looking To Buy Rosneft
When a little-known private Chinese company said in September 2017 that it would be buying 14 percent in Rosneft, many analysts were wondering how an obscure fuel trading company rose…
Is Arctic Drilling The Key To U.S. Energy Dominance?
Energy dominance is a term that has become almost synonymous with Trump’s administration. On the face of things, it may seem that the term requires no further analysis for a…
U.S. Oil Export Boom Boosts Pipeline Demand
The U.S. could add around 4 million barrels per day (mb/d) of additional supply in the coming years, and most of it will be shipped abroad, turning the U.S. into…
The Only Oil Major Not Buying Into The Permian
The Permian has been attracting independent U.S. drillers and oil majors who want to capitalize on short-cycle returns in the world’s hottest shale play, but one of the world’s supermajors…
Malaysian Petronas Sees Profits Rise By 91%
Malaysian state-owned oil and gas giant Petronas is back in the game. After a series of steps or rather missteps, including being involved in high profile corruption scandals and after…
Oil Prices Rebound After EIA Reports Build In Crude Inventories
The Energy Information Administration reported a 2.4-million-barrel build in crude oil inventories for last week. The report’s out a day after the S&P 500 futures dropped 1 percent on…
Shale Pioneer Issues Warning To U.S. Drillers
U.S. shale has effectively upended the oil industry, with predictions that total U.S. oil production will surpass Saudi Arabia’s output this year, in turn rivalling Russia’s to become the…
U.S. Sets New Monthly Oil Production Record
In a recent post, I wrote that the U.S. would almost certainly set a new oil production record this year. I noted that the most recent data from the Energy Information Administration (EIA)…
Nigeria Can Produce Oil At $20 A Barrel
The Nigerian National Petroleum Corporation can produce crude oil at around US$20 a barrel, but there are plans to bring this even lower, to US$15 a barrel, the company’s group…
