 |
Louisiana Light • 2 days | 86.60 | -0.08 | -0.09% | ||
|
Bonny Light • 1 day | 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 • 11 hours | 2.710 | -0.003 | -0.13% |
|
Bonny Light • 1 day | 88.69 | -0.04 | -0.05% | ||
|
Girassol • 1 day | 89.20 | -0.10 | -0.11% | ||
|
Opec Basket • 2 days | 87.35 | -2.29 | -2.55% |
|
Peace Sour • 18 hours | 75.30 | -0.05 | -0.07% | ||
|
Light Sour Blend • 18 hours | 78.35 | -0.05 | -0.06% | ||
|
Syncrude Sweet Premium • 18 hours | 85.30 | -0.05 | -0.06% | ||
|
Central Alberta • 18 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% |
Zombie Fires Pose Looming Threat to Canada’s Oil and Gas Infrastructure
Canada faces an escalating threat…
Institutional Investors Double Down On Oil Despite Divestment Pledges
A new study reveals that…
Energy / Crude Oil
Iran Signs Oil For Goods Deal With Russia: Breaks Free Of Petrodollar
Iran signed an agreement with Russia under which it has broken free from the petrodollar, and will "sell", or rather barter crude oil to Russia in exchange for products. The…
Not OPEC, China Dictates The Oil Prices
The OPEC deal will lead to an ongoing tightening of the crude oil market, putting a floor beneath crude prices in the $50s per barrel in the second half of…
The Top 10 Nations Exporting Oil To The U.S.
U.S. has brought crude oil from 80 nations into its refineries In the past 30 years, the U.S. has imported more than 91 billion barrels of oil, drawing from a…
Private Equity Is Jumping Into This Reemerging Oil Hotspot
I talked earlier this week about increasing private equity activity in the U.S. shale patch. And news the last few days shows energy PE is also growing in the…
Russian Energy Minister: Deeper Cuts Still On The Table
Deeper cuts to OPEC’s oil production are not out of the question, but their implementation will depend on how things unfold with the current OPEC agreement, Russia’s Energy Minister Alexander…
Can Private Investment Turn Mexico’s Ailing Oil Industry Around?
Five years after Mexican President Enrique Peña Nieto made campaign promises to open his country’s oil reserves to foreign interests, a private well been has drilled in Mexico for the…
Oil Prices Spike On Strong Crude Inventory Draw
A day before OPEC’s meeting in Vienna, where the cartel should announce officially the nine-month extension to its crude oil production cut deal, the Energy Information Administration added to optimism…
Is Canada’s Oil Production Ready For A Resurgence?
Last week two right-wing parties in Canada’s oil-rich Alberta province signed a tentative agreement to merge, creating a unified front to oppose the ruling New Democratic Party. The Progressive Conservative…
Trump To Sell Half The Strategic Petroleum Reserve
In a release of part of the draft budget for fiscal 2018, the Trump administration has proposed halving the strategic petroleum reserve, which will raise some US$500 million …
Canada And Brazil Could Jeopardize Oil Market Balance
As OPEC and its partners prepare to reveal the details of what most expect to be an output cut extension, all eyes in the oil industry are on U.S. shale…
Venezuela: The Brutal Consequences Of Oil Addiction
Oil prices continue to waver after an 18-month slump, and the world’s most oil-dependent nations are feeling the effects. Saudi Arabia, home of the world’s biggest oil company Saudi Aramco,…
The Lowest Shale Breakeven Costs Are Here
The Federal Reserve Bank of Dallas released its Energy Indicators report, outlining the continued recovery of the oil and gas industry. No surprise Texas is the heart of oil and…
Today's Stunted Oil Prices Could Cause Oil Price Shock In 2020
As oil prices remain unsteady and OPEC continues to make headlines every hour, the world is focused on oil’s immediate future. As Saudi Arabia announces plans to slash production and…
Does The Permian’s Sweet Spot Hold 8 Times More Oil Than Predicted?
What with all the rig additions, land deals, and low breakeven costs, the Permian basin has been the subject of much love from the oil industry as of late, and…
Frac Sand Fraud Could Lead To 180-Year Prison For Texas Senator
Ponzi schemes are an enduring kind of fraud, one of whose many attractions for people looking to make money on other people’s backs is that they can be applied to…
U.S. Shale Is Turning Up The Heat On OPEC
OPEC has been restraining production since the beginning of the year, after a group of cartel members teamed with Russia and other non-OPECs and agreed to production cuts last November.…
From Oil To Arms: Saudis Move Away From Crude
The sovereign wealth fund of Saudi Arabia has set up a defense business as part of its efforts to reduce the Kingdom’s dependence on crude oil for budget revenues…
U.S. Shale In No Hurry To Hedge, Bet On Higher Oil Prices
U.S. shale oil drillers have tactically used hedging to survive during the current oil crisis. Along with the technological advances, hedging has been one of the reasons for the survival…
Iraq Agrees With Deal Extension, But Boosts Oil Exports To Record Levels
Iraq’s May export figures show the Middle Eastern nation reaching for the sky to dominate the Asian oil supply game, according to new shipping data analyzed by Bloomberg. Sixty-two million…
A Red Flag For Oil Markets? China’s Refinery Throughput Plunges
Amid planned maintenance at some big state refineries and decreased domestic production, China’s refinery runs in April dropped to their lowest levels since last September, according to data by the…
