 |
Louisiana Light • 2 days | 86.68 | -2.47 | -2.77% | ||
|
Bonny Light • 1 day | 88.73 | -1.64 | -1.81% | ||
|
Opec Basket • 2 days | 89.64 | -0.54 | -0.60% | ||
|
Mars US • 168 days | 77.67 | -1.57 | -1.98% | ||
|
Gasoline • 10 mins | 2.710 | -0.004 | -0.13% |
|
Bonny Light • 1 day | 88.73 | -1.64 | -1.81% | ||
|
Girassol • 1 day | 89.30 | -1.63 | -1.79% | ||
|
Opec Basket • 2 days | 89.64 | -0.54 | -0.60% |
|
Peace Sour • 4 hours | 75.30 | -0.05 | -0.07% | ||
|
Light Sour Blend • 4 hours | 78.35 | -0.05 | -0.06% | ||
|
Syncrude Sweet Premium • 4 hours | 85.30 | -0.05 | -0.06% | ||
|
Central Alberta • 4 hours | 75.70 | -0.05 | -0.07% |
|
Eagle Ford • 2 days | 79.17 | -2.67 | -3.26% | ||
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Oklahoma Sweet • 2 days | 79.25 | -2.50 | -3.06% | ||
|
Kansas Common • 2 days | 73.00 | -2.50 | -3.31% | ||
|
Buena Vista • 2 days | 86.86 | -2.40 | -2.69% |
Breaking News:
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Energy / Crude Oil
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Niger Delta Legalizes Illicit Oil Refineries
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Is The EIA Exaggerating U.S. Oil Production?
Oil is back at $50 per barrel, restoring some semblance of confidence in the market. But that is just about as much as we can expect in terms of a…
Saudi Oil Minister Just Did Something He Has Never Done Before
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Did The Arab Spring Disarm OPEC?
OPEC is struggling with a floundering oil market, few prospects of higher oil prices, competition from U.S. shale, and dissension within its own ranks. The supply/demand situation is improving, but…
Who Should Pick Up The Tab For Abandoned Oil Wells?
The bankruptcy of a small Canadian oil and gas company in 2015 and the following creditor claims have created a legal dispute over who should pay for abandoned wells and…
U.S. Shale Heavyweights To Boost Production This Year
In a sign that the U.S. shale patch is boosting output that has been keeping a lid on oil prices, four U.S. shale companies reported second-quarter production that beat targets…
Goldman: $50 Oil More Profitable Than $100 Oil
Big international oil companies are currently generating more cash at around-US$50 oil price than they did when the price of oil exceeded US$100 in early 2014, Goldman Sachs reckons. “Simplification,…
Oil Prices Slip Despite Modest Draw In Crude Inventories
After a week-long rally that eventually saw Brent and WTI both jump the US$50 barrier for the first time in a month, this week produced a string of bad news…
U.S. Shale Is Determined Not To Kill This Rally
Oil prices moved closer to a two-month high on Friday, closing out the week with some of the strongest gains in 2017. Market sentiment has turned “cautiously optimistic,” as Goldman…
U.S. Shale Has Set An Example For Oil Majors
It took the oil supermajors quite a while to come to terms with the new oil price realities. The blow from the 2014 price crash was so severe and apparently…
Can Oil Continue To Rally?
- WTI registered its best week of the year on strong fundamental data, OPEC progress and currency tailwinds. The physical market is showing signs of health with sharp inventory draws…
Oil Prices Rise As Saudi Arabia Attacks The Glut
Back in late May, Saudi Oil Minister Khalid Al-Falih said that 'exports to the U.S. will drop measurably', as the OPEC Kingpin adjusted its focus to reducing exports to…
Goldman Sachs: Oil Market To Rebalance By Early 2018
Recent data show that the rebalancing of the oil market is speeding up and if the drawdown trends are sustained, stockpiles will normalize by early 2018, Goldman Sachs said…
Never Again: Big Oil Is Back And Practicing Caution
Royal Dutch Shell posted much better-than-expected earnings for the second quarter, a sign that the oil majors are adapting to a low oil price environment. Net profit jumped to $3.6…
Barclays: Oil Could Rise By $7 If U.S. Sanctions Venezuela
As discussed over the weekend, the endgame in Venezuela is accelerating and it is now only a matter of time before the Maduro regime exits, stage left, the only…
Could Brazil Derail The OPEC Deal?
Brazil is a major oil producing country, but in 2016 was still a net importer, though imports dropped significantly and they have been a slight exporter overall so far this…
Oil Rises, But Saudis Face Daunting Dilemma
OPEC producers have reached a catch-22 in their quest to rebalance global supply fundamentals for their precious crude oil markets. While deeper cuts are necessary to bring supply and…
Indonesia May Return To OPEC But Won’t Cut Production
Indonesia is open to rejoining OPEC, but only if it can determine its own production levels, the country’s Energy and Mineral Resources Minister Ignasius Jonan told Reuters in an…
Strong Draw In Crude Inventories Boosts Oil Prices
The Energy Information Administration once again helped to lift oil market spirits this week by reporting another hefty decline in U.S. commercial crude oil inventories for the week ending…
