 |
Louisiana Light • 1 day | 87.12 | +0.63 | +0.73% | ||
|
Bonny Light • 1 day | 88.40 | -0.92 | -1.03% | ||
|
Opec Basket • 1 day | 88.39 | -0.06 | -0.07% | ||
|
Mars US • 175 days | 77.26 | -1.51 | -1.92% | ||
|
Gasoline • 10 mins | 2.754 | -0.004 | -0.16% |
|
Bonny Light • 1 day | 88.40 | -0.92 | -1.03% | ||
|
Girassol • 1 day | 89.03 | -0.87 | -0.97% | ||
|
Opec Basket • 1 day | 88.39 | -0.06 | -0.07% |
|
Peace Sour • 9 hours | 76.77 | +0.76 | +1.00% | ||
|
Light Sour Blend • 9 hours | 79.82 | +0.76 | +0.96% | ||
|
Syncrude Sweet Premium • 9 hours | 86.77 | +0.76 | +0.88% | ||
|
Central Alberta • 9 hours | 77.17 | +0.76 | +0.99% |
|
Eagle Ford • 1 day | 80.05 | +0.76 | +0.96% | ||
|
Oklahoma Sweet • 1 day | 80.00 | +0.75 | +0.95% | ||
|
Kansas Common • 1 day | 73.75 | +0.75 | +1.03% | ||
|
Buena Vista • 2 days | 87.23 | -0.55 | -0.63% |
Breaking News:
Namibia Racks Up Another Major Offshore Oil Discovery
Shares of Portuguese integrated energy…
Why Biden is Unlikely to Enforce the New Iran Oil Sanctions
Despite Congress passing new sanctions…
Energy / Crude Oil
Asian Oil Buyers Could Benefit From Fresh Sanctions On Iran
Asian oil traders—the largest group of buyers of Iranian crude—are not bothered by the prospect of new sanctions from Washington against Iran. Even if these do materialize, it would take…
Shale Restraint Could Lift Oil To $80
Brent recently hit $70 per barrel and WTI surpassed $64.50, and oil executives from the Middle East to Texas no doubt popped some champagne. The big question is…
Expect A New Wave Of Oilfield Service IPOs In 2018
This time last year, the oilfield service sector started showing the first signs of hope and optimism after the OPEC/Russia deal to cut crude oil production by 1.8 million bpd…
The Biggest Loser Of The OPEC Deal
OPEC’s oil production and supply cuts—now in their second year—have claimed a victim. It’s an industry that’s vital for the crude oil exports of oil-producing countries: supertanker shipping. The supertankers,…
Oil Prices Slip After Lower Than Expected Crude Draw
A day after the American Petroleum Institute took markets by surprise with a massive, 11-million-barrel inventory draw, the Energy Information Administration reported the draw was actually much smaller,…
Soaring Indian Oil Demand Grabs OPEC’s Attention
Last week, we discussed changing trends in Iraqi crude flows into Asia. Total deliveries of OPEC crude to China rose last year by 300,000 bpd, as cartel members looked to keep…
Is This Lithium Battery Breakthrough Too Good To Be True?
It would be a dull month if a new rechargeable battery project didn’t make headlines amid all the excitement surrounding electric cars. This month’s indisputable winner is the lithium-ion…
Europe Becomes Victim of Russia’s Newest Oil Strategy
Higher shipments of Russian crude oil to China may saddle European importers with a fatter bill, an industry consultancy warned at the end of last year, noting the latest…
Is This The Beginning Of An Oil Sands Revival?
New life was breathed into the Canadian oil sands with a decision by foreign-owned Harvest Operations Corp to commission its BlackGold project south of Fort McMurray. The Calgary-based arm of…
Is It Time To Get Aggressive On Oil Stocks?
It’s the start of the New Year, so here is my overview for your energy portfolio coming into 2018. I have written in the past six months in a far…
Crude Oil Is Approaching A Major Retracement Zone
U.S. West Texas Intermediate crude oil finished 2017 higher in what can best be described as a volatile two-sided trade. After trending lower from January to June, the market stabilized…
Iraqi Oil Exports Grow On Strong Asian Demand
It is both the best and worst of times for the current Iraqi oil market. Iraqi oil minister Jabbar al-Luaibi said this week that Iraqi oil fields in the south…
OPEC Should Thank Venezuela For Falling Production
OPEC’s crude oil production remained largely unchanged from November in December, but that was mostly thanks to a 50,000-bpd decline in Venezuela’s production, as well as further cuts in Saudi…
What’s Behind The Canadian Rig Count Crash
The U.S. rig count has been on the rise for months, despite some recent hiccups, but Canada’s rig count recently plunged amid low oil prices. Canada’s rig count fell from…
Can Norway Survive Without Big Oil?
Supermajors are shunning Arctic oil exploration in Norway, or at least that’s the overwhelming feeling after the last licensing round conducted by the Norwegian Petroleum Directorate in early December. Eleven…
Saudi Oil Exports To China Hit One-Year Low
Saudi Arabia’s crude oil exports en route to China in December were 20 percent lower compared to November, which would be the lowest level of Saudi crude sales to China…
Russia Boosts 2017 Crude Oil Production To 30-Year High
Despite the fact that Russia is cutting its oil production as part of OPEC and allies’ deal to restrict global oil supply, Moscow’s average daily crude oil production inched up…
Forties Pipeline To Return To Normal Rates Around New Year
The Forties Pipeline in the North Sea is expected to return to normal flow rates of some 450,000 bpd around new year, the operator of the pipeline, Ineos, said in…
Venezuela To Launch Oil-Backed Petro Cryptocurrency Within Days
Venezuela is getting ready to launch within days its own cryptocurrency--El Petro--which will be backed by more than 5.3 billion barrels of oil and support $267 billion worth of financial…
Oil Prices Steady After EIA Reports Crude Draw
Amid a mixture of news pulling oil prices in opposite directions the Energy Information Administration reported another draw in U.S. crude oil inventories for the week to December 22. The…
