 |
Louisiana Light • 3 days | 87.12 | +0.03 | +0.03% | ||
|
Bonny Light • 1 day | 89.32 | +0.45 | +0.51% | ||
|
Opec Basket • 3 days | 86.51 | -1.01 | -1.15% | ||
|
Mars US • 174 days | 77.26 | -1.51 | -1.92% | ||
|
Gasoline • 11 mins | 2.739 | +0.005 | +0.18% |
|
Bonny Light • 1 day | 89.32 | +0.45 | +0.51% | ||
|
Girassol • 1 day | 89.90 | +0.45 | +0.50% | ||
|
Opec Basket • 3 days | 86.51 | -1.01 | -1.15% |
|
Peace Sour • 4 hours | 76.01 | -0.55 | -0.72% | ||
|
Light Sour Blend • 4 hours | 79.06 | -0.55 | -0.69% | ||
|
Syncrude Sweet Premium • 4 hours | 86.01 | -0.55 | -0.64% | ||
|
Central Alberta • 4 hours | 76.41 | -0.55 | -0.71% |
|
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% |
Why Biden is Unlikely to Enforce the New Iran Oil Sanctions
Despite Congress passing new sanctions…
Big Oil’s Carbon Capture Conundrum
Energy experts and environmentalists express…
Energy / Crude Oil
U.S. Oil Exports Hit A Record High
Crude oil exports from the United States hit another record last week, at 2.133 million bpd, as production also continued growing, the Energy Information Administration said. This is the…
OPEC vs. U.S. Shale: The Battle For Asian Market Share
Early in October, OPEC’s chief, Mohammed Barkindo, appeared to be unfazed by growing U.S. crude oil shipments to OPEC’s key market, Asia. The official said he expected OPEC exports…
Oil Prices Fly Higher On EIA Report
The Energy Information Administration confirmed a draw in crude oil inventories, boosting the rally of WTI that almost brought the U.S. benchmark to US$55 a barrel. According to the…
U.S. Resources Set For Record Breaking Resurgence
Lots of natural resources news in America this week, with big opportunities opening in mining and energy in several spots across the country. The highest-profile happening was a new offshore…
Can $60 Oil Last?
Brent is back at $60 for the first time in more than two years, but the big question is: Can crude hold onto its gains? Oil prices firmed up in…
Big Oil Urges OPEC: Keep Floor Under Oil Prices
The oil market and analysts already largely expect OPEC to extend the production cut deal beyond March 2018, which many feel would finally rebalance supply and demand. OPEC’s new…
U.S. Crude Imports Soar Amid Rising Refinery Output
I've been on the road - on walkabout as the Australians would say - for the last four weeks, doing a number of speaking engagements and trips across America. As…
Big Oil Has Learned To Live With Lower Oil Prices
Big Oil is seemingly adjusting well to lower-for-longer oil prices, and the deep cost cuts every oil company—big or otherwise—had to make over the last two years have finally started…
Has Gulf Of Mexico Oil Production Plateaued?
GoM C&C production for July by BOEM was 1746 kbpd and by EIA 1761, compared with, respectively, 1631 and 1634 kbpd (corrected) in June. The EIA number is a new…
Here’s Where The OPEC Deal Gets Sticky
Oil prices plunged on May 25 when OPEC and its non-OPEC partners extended their production cut deal through March 2018. At the time, the market had not only expected deeper…
U.S. Oil & Gas Rig Count Falls As Brent Breaks $60
As Saudi’s comments regarding the OPEC extension send the Brent Crude benchmark over $60 in mid-day trading for the first time in more than two years, oil and gas…
How Many Barrels Of Oil Are Needed To Mine One Bitcoin?
The Bitcoin boom is well and truly underway, and investors are constantly looking for new ways to gain an advantage in this space. The best way to do this, it…
Iraq Seizes Saudi Share In U.S. Oil Market
Wowee, 1985 showed a rich vein of form for movies. It was the year that spawned The Goonies, The Breakfast Club, Spies Like Us, Fletch and Back to the Future. It…
Canada’s Oil Output To Grow For Decades To Come
Despite the Canadian government’s efforts to curb carbon emissions and expand the adoption of renewable energy systems, the country’s crude oil production will only continue to grow in the next…
Russia To Boost Oil Production In 2018 If OPEC Deal Not Extended
While the oil market is awaiting what Saudi Arabia and Russia—the leaders of the OPEC and non-OPEC producers part of the production cut deal—will decide on the future of the…
Oil Prices Stabilize After Significant Gasoline Draw
With oil prices at multi-week highs thanks to reports from OPEC and demand outlook, some more good news is always appreciated but the EIA has refused to play along,
OPEC Aims For Smooth Exit From Production Cut Deal
The members of OPEC are quietly beginning to plan an eventual tapering-off of production cuts, even as the group plans a nine-month extension of the cuts to the end…
BP’s Dangerous Track Record In Alaska
BP’s Alaska unit had at least 27 serious safety incidents this year, raising concerns that the oil major has not corrected course after the Deepwater Horizon explosion and oil spill.…
Which Of These 3 Hotspots Will Be The Next Big Thing In Oil?
Lots going on in oil and gas this week. With three ripples in different parts of the world potentially suggesting waves of new opportunity coming for project developers. First, in…
Expect New Aramco IPO Details This Week
Aramco’s 5 percent IPO—the world’s largest ever—continues to make headlines. Some analysts claim that the IPO is in danger of failing. Other sources report that the company is considering a…
