 |
Louisiana Light • 3 days | 87.12 | +0.03 | +0.03% | ||
|
Bonny Light • 2 days | 88.87 | +0.67 | +0.76% | ||
|
Opec Basket • 3 days | 86.51 | -1.01 | -1.15% | ||
|
Mars US • 173 days | 77.26 | -1.51 | -1.92% | ||
|
Gasoline • 14 mins | 2.736 | +0.002 | +0.05% |
|
Bonny Light • 2 days | 88.87 | +0.67 | +0.76% | ||
|
Girassol • 2 days | 89.45 | +0.81 | +0.91% | ||
|
Opec Basket • 3 days | 86.51 | -1.01 | -1.15% |
|
Peace Sour • 16 hours | 76.56 | +1.46 | +1.94% | ||
|
Light Sour Blend • 16 hours | 79.61 | +1.46 | +1.87% | ||
|
Syncrude Sweet Premium • 16 hours | 86.56 | +1.46 | +1.72% | ||
|
Central Alberta • 16 hours | 76.96 | +1.46 | +1.93% |
|
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% |
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Energy / Crude Oil
Ecuador Abandons The OPEC Deal: Who’s Next?
Ecuador announced its withdrawal from the OPEC agreement this week, a move that could shake the foundation of a deal that was already starting to show some cracks. "We need…
Venezuela’s National Oil Company On Its Last Legs
On Sunday 9th, 2017 Venezuela hit a hundred days of anti-dictatorial regime demonstrations. Hundreds of thousands of Venezuelans have taken over main streets and roads demanding a new presidential election,…
Kuwait: Oil Market To Balance By March, No Deeper Cuts Needed
Although the oil market is taking longer than anticipated to return to balance, the oversupply should be cleared by the time OPEC’s cuts expire at the end of March next…
Iran Looks To Close More Deals But Oil Majors Are Cautious
Iran is on track to reach a major national milestone this year, if the nation’s oil spokesmen are to be believed. On Wednesday deputy oil minister Amir Hossein Zamaninia predicted…
Chinese Refineries Near All-Time Throughput Record In June
Chinese refineries processed 11.21 million bpd of crude oil last month, up 2.3 percent on the year and the second-highest daily processing rate on record, Reuters reported, citing data…
The Only Way OPEC Can Kill U.S. Shale
One commodity analyst got it right: the OPEC cuts would not work. After November last year when the oil cartel announced its agreement with Russia and 11 other producers to…
Low Oil Prices Push OPEC Producers To Public Markets
Abu Dhabi looks to publicly list parts of its national oil company The United Arab Emirates plans to list part of its national oil company on public markets in order…
Is Upstream Investment Turning A Corner?
This week the International Energy Agency (IEA) released their annual World Energy Investment report (WEI), revealing that in 2016 energy investment plummeted by a staggering 12% from the previous year.…
Beware Of Supply Risks When The Whole World Is Bearish
- WTI traded in a $44-$47 range this week lifted by a 7.6m bbl US inventory draw and positive demand data in Europe and China. On the upside production gains…
Oil Prices Hold Steady As U.S. Oil Rig Count Rises
The number of active oil and gas rigs in the United States was flat this week overall, after gaining 505 rigs in the last 12 months. But on the…
Shell Nigeria Declares Force Majeure On Nigerian Light Oil Exports
Shell’s Nigerian unit declared a force majeure on Bonny Light crude oil exports effective 12:00 local time on Thursday, just two weeks after it had lifted a previous force…
OPEC Compliance Stutters As Saudi Arabia Increases Production
Compliance falls below 100 percent OPEC’s grip on the oil market seems to be slipping away, as its newest Monthly Oil Market Report shows production rising, despite cuts. In its…
The Technical Failure That Could Clear The Oil Glut In A Matter Of Weeks
OPEC exports have come under pressure this week from technical threats to oil fields, with Saudi Arabia’s Manifa problems grabbing the headlines. Saudi Aramco CEO Amin Nasser, while addressing the…
OPEC Still Overproducing: Scapegoats U.S. Shale
In its just released latest market report for the month of July, OPEC admitted it has a problem: more than six months after the Vienna deal that…
Significant Draw In Crude Inventories Jolts Oil Prices
A day after the American Petroleum Institute lifted spirits with an estimated crude oil inventory draw of 8.133 million barrels, the Energy Information Administration added to the optimism by…
Kazakhstan Bows Out Of OPEC Deal
Kazakhstan is, as expected, bracing to drift away from its role in the OPEC oil production cap in the coming two months. Energy Minister Kanat Bozumbayev said at an industry…
Is Abu Dhabi’s Oil Major Eyeing An Aramco Style IPO?
Abu Dhabi’s national oil company, ADNOC, has gotten the Saudi fever it seems. After restructuring part of its ongoing upstream business, most notably, the merger of some of its Operating…
Oil Under Pressure As Saudis Break Key Promise
Saudi Arabia has told OPEC that it had pumped 10.07 million barrels per day in June, up by 190,000 bpd from May, and exceeding its 10.058-million-bpd production level quota under…
How To Successfully Privatize A National Oil Company
Budgetary pressure, falling revenues, cost-cutting measures and general ambiguity – just a few of the characteristic traits that have marked the latest oil price recession period. State-owned companies, commonly executing…
Oil No Longer Decisive Factor In Emerging Market Performance
Oil is increasingly losing relevance in the performance of emerging market assets including, equities—and now, bonds and currencies. What’s more, the technology sector is apparently taking the space freed by…
