 |
Louisiana Light • 2 days | 87.12 | +0.63 | +0.73% | ||
|
Bonny Light • 2 days | 88.40 | -0.92 | -1.03% | ||
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Opec Basket • 2 days | 88.39 | -0.06 | -0.07% | ||
|
Mars US • 175 days | 77.26 | -1.51 | -1.92% | ||
|
Gasoline • 11 mins | 2.767 | +0.009 | +0.32% |
|
Bonny Light • 2 days | 88.40 | -0.92 | -1.03% | ||
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Girassol • 2 days | 89.03 | -0.87 | -0.97% | ||
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Opec Basket • 2 days | 88.39 | -0.06 | -0.07% |
|
Peace Sour • 12 hours | 76.77 | +0.76 | +1.00% | ||
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Light Sour Blend • 12 hours | 79.82 | +0.76 | +0.96% | ||
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Syncrude Sweet Premium • 12 hours | 86.77 | +0.76 | +0.88% | ||
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Central Alberta • 12 hours | 77.17 | +0.76 | +0.99% |
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Eagle Ford • 2 days | 80.05 | +0.76 | +0.96% | ||
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Oklahoma Sweet • 2 days | 80.00 | +0.75 | +0.95% | ||
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Kansas Common • 2 days | 73.75 | +0.75 | +1.03% | ||
|
Buena Vista • 3 days | 87.23 | -0.55 | -0.63% |
Standard Chartered: Global Oil Demand Will Pick Up Strongly In May And June
Despite some crude inventory builds…
Oil Moves Higher on Inventory Draw
Crude oil prices ticked higher…
Energy / Crude Oil
Goldman Turns Bullish On European Oil Majors
Goldman Sachs has raised its earnings per share (EPS) estimates for the European oil majors’ third-quarter results, and believes that the stocks will start reversing their underwhelming year-to-date performance when…
Expect A Major Leap In U.S. Oil Exports
The Gulf Coast was ravaged by Hurricane Harvey, and the effects are going to take time to wear off, but the situation has also made U.S. crude exports much more…
Trump Aims For Arctic Oil And Gas
The Trump administration is trying to lay the groundwork to open up the Arctic National Wildlife Refuge (ANWR) for oil and gas drilling, according to a report last week from…
OPEC's Strategy To Clamp Down On Cheating
The latest chapter of the “what will OPEC do next” saga unfolded on Thursday as reports emerged that the cartel and the non-OPEC producers led by Russia may discuss a…
U.S. Shale: Water Is the New Oil
Texas has a water problem, and this one isn’t due to Hurricane Harvey… Rising U.S. shale output has led to increased amounts of the water that inadvertently flows out of…
Have Oil Markets Reached A Turning Point?
Big Oil has been wheelin' and dealin' across the globe as geopolitical risks mount, and OPEC delivered a sigh of relief to crude markets with a signal that has brought…
Iran Looks To Ramp Up Production
Iran’s crude oil production is expected to grow to 4 million bpd by the end of the current Iranian year, March 20, 2018, the chief executive of the National Iranian…
Reserves vs Valuations: Exxon’s Permian Predicament
The world’s largest listed oil firm, ExxonMobil, has been lagging behind other supermajors in reserve replacement ratio—a key metric in the industry that shows the amount of proved reserves a…
The World’s Largest Offshore Oil Field Is Back In Action
Without much international fanfare, the world’s largest offshore oil field and the largest discovered in the last 40 years, Kazakhstan’s Kashagan Field, is on the verge of finally moving beyond…
Does Canada Need More Oil Sands Pipelines?
The claim that building more pipelines to carry Canada’s oil sands production to ports for export will unlock significantly higher prices for bitumen is not supported by either past or…
Just How Big Is The Oil Market?
Big Oil The Oil Market Is Bigger Than All Metal Markets Combined Ever since the invention of the internal combustion engine, oil has been one of the most crucial commodities…
China To Dictate Energy Growth In Coming Years
Natural gas, renewables expected to grow significantly The EIA released this year’s International Energy Outlook today, outlining expected trends in energy through 2040. The International Energy Outlook predicts that total world…
BP And Azerbaijan Lock In Caspian Sea Oil Deal
The government of Azerbaijan signed a new production sharing agreement (PSA) with the consortium operating the Azeri-Chirag-Deepwater Gunashli oil field in the Caspian. The new deal gives Baku a much larger stake…
Why Aramco Delayed Its IPO
The long-awaited Saudi Aramco IPO, scheduled for mid-2018, could be delayed to 2019. International news reports have stated that the Saudi government is currently putting together contingency plans for a…
Supermajors Prepare For A Permian Bidding War
BHP announced their plans to divest their U.S. shale assets, including a 123,000-acre position in the heart of the Delaware Basin. This acreage position, in terms of a pricing evaluation,…
Alberta Banking On An Oil Sands Boom
Alberta Premier Rachel Notley cut the ribbon that marked the official opening of an oil sands expansion project near Fort McMurray on Wednesday. The new project is expected to produce…
Russia’s Arctic Oil Is Off Limits For Private Drillers
On the last day of summer 2017, Russia’s Prime Minister Dmitry Medvedev held a government session dedicated to the development of the country’s territories in the Arctic. After months of…
Plastics Won’t Save Oil
Petrochemicals are Big Oil’s big hope for the future—the distant future. Petrochemicals are used in thousands of products, with the biggest group among these being single-use plastic products. The bad…
OPEC Production Falls Despite A Dip In Compliance
All data below is based on the latest OPEC Monthly Oil Market Report. All data is through August 2017 and is in thousand barrels per day.
Schlumberger’s Gamble Could Change Oilfield Services Forever
The world’s largest oilfield services firm has decided that it should take an ownership stake in upstream oil and gas production, rather than simply provide the services for doing so.…
