 |
Louisiana Light • 2 days | 86.60 | -0.08 | -0.09% | ||
|
Bonny Light • 22 hours | 88.69 | -0.04 | -0.05% | ||
|
Opec Basket • 2 days | 87.35 | -2.29 | -2.55% | ||
|
Mars US • 168 days | 81.76 | +2.02 | +2.53% | ||
|
Gasoline • 6 hours | 2.710 | -0.003 | -0.13% |
|
Bonny Light • 22 hours | 88.69 | -0.04 | -0.05% | ||
|
Girassol • 22 hours | 89.20 | -0.10 | -0.11% | ||
|
Opec Basket • 2 days | 87.35 | -2.29 | -2.55% |
|
Peace Sour • 13 hours | 75.30 | -0.05 | -0.07% | ||
|
Light Sour Blend • 13 hours | 78.35 | -0.05 | -0.06% | ||
|
Syncrude Sweet Premium • 13 hours | 85.30 | -0.05 | -0.06% | ||
|
Central Alberta • 13 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% |
U.S. Crude Production To Decline In 2024 As Shale Activity Stalls
Analysts from Standard Chartered have…
Oil Moves Down on Crude Inventory Build
Crude oil prices moved lower…
Energy / Crude Oil
Angolan Oil Confident Ahead Of Critical Elections
After Angola’s critical elections, the oil will still flow, unabated—despite talk of a potential opposition upset. Angola is—on any given day—Africa’s first or second-largest producer. In recent months, it’s been…
Russia Claims To Have Invented Alternative To Fracking
Russian scientists and local oil field services companies claim to have created a technology for thermochemical gas fracturing that could be an alternative to hydraulic fracturing and could increase oil…
The Strategic Petroleum Reserve Is Slowly Dying
Forty years ago, in the wake of the Arab oil embargo that made the United States acutely aware of just how dependent its economy was on imported crude, the government…
Is Gulf Of Mexico Oil Output About To Peak?
Amid strong indicators that U.S. shale production will reach new heights by the end of 2017, efforts to promote further exploration and production in the Gulf of Mexico, long…
Libya Boosts Oil Output At Biggest Field
Libya is returning with more barrels to the market after its biggest oil field started raising production and an export terminal re-opened for tanker loading. Crude oil output at…
Oil Prices Rise On Hefty Crude Inventory Draw
Another week, another draw – this seems to be the refrain this driving season, with the API and the EIA in sync with their weekly figures most of the time.…
Foreign Oil Eyes 44 Billion Barrels In Cuba
One of the few foreign energy companies with a presence in Cuba is now seeking funding for a 2018 exploration drilling campaign for Block 9, which is expected to hold…
Oil Tycoon Pushes For Venezuela Sanctions
The U.S. has stepped up sanctions against Venezuelan individuals in the wake of the July vote in Venezuela aimed at rewriting the constitution, which is further eroding democracy in the…
Is OPEC Counting Too Much On Venezuela Sanctions?
The Organization of Petroleum Exporting Countries (OPEC) released its monthly oil market report on Thursday, and the news was enough to send WTI below $50 after…
Brazil’s Pre-Salt Extraction Costs Fall To $8 Per Barrel
Not too long ago Brazilian state oil company Petrobras was the most indebted oil & gas company in the world. The long-suffering company has faced dire mismanagement while being…
Little-Known Driller Dives Into Perilous Venezuelan Oil Market
Two weeks before he held a vote to set up an assembly to re-write the constitution—further undermining democracy—Venezuelan President Nicolas Maduro hosted the signing of a contract with a small…
Could Bitcoin Provide A Hedge Against Venezuela’s Failing Oil Industry?
Protests continue to rage in Venezuela as inflation soars to unprecedented levels and the price of oil remains low. The country’s national currency is now worth less than fictional…
How To Play The Energy Market As Global Tensions Rise
Much of my earlier career in intelligence was based on a simple assumption. It was the kind of approach the “craft” shares with a number of other pursuits. One expects…
Has Oil Finally Reached A Tipping Point?
The 2nd quarter reports from oil companies have been an eye-opener, in that they’ve confirmed to me everything I’ve been saying for months – oil companies are following a self-imposed…
Oil Rig Count Rises Despite Ballooning Shale Debt
The number of active oil and gas rigs in the United States fell this week by 5 rigs, but the amount of oil rigs increased as drillers in the United…
Saudi Arabia: Deeper Cuts Are Still On The Table
OPEC and its non-OPEC partners have not closed the door to the possibility of extending the production cut agreement or even lowering production levels, Saudi Oil Minister Khalid al-Falih
Big Oil Might Be In Better Shape Than U.S. Shale
For much of the past three years, the oil majors have struggled to adapt to the new reality of low oil prices, while at the same time, their smaller and…
Oil Prices Slip On Strong Crude Draw, Surprise Gasoline Build
Amid stubbornly falling oil prices and growing doubts about OPEC’s ability to rein in production, the EIA reported a draw in U.S. commercial crude oil inventories of 6.5 million…
‘Nothing To See Here’ - Frackers Ignore Rising Well Decline Rates
The Permian basin is starting to see decline rates from shale wells accelerate, a trend that could be the result of too much drilling. Shale wells suffer from steep decline…
Iraq Races To Fill The Gap Left By The Saudis
Iraqi oil exports topped 100 million barrels in July, but that’s still lower than the 3.93 million barrels per day rate Baghdad boasted back in May. The latest…
