 |
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 • 169 days | 77.67 | -1.57 | -1.98% | ||
|
Gasoline • 17 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 • 1 day | 75.30 | -0.05 | -0.07% | ||
|
Light Sour Blend • 1 day | 78.35 | -0.05 | -0.06% | ||
|
Syncrude Sweet Premium • 1 day | 85.30 | -0.05 | -0.06% | ||
|
Central Alberta • 1 day | 75.70 | -0.05 | -0.07% |
|
Eagle Ford • 2 days | 79.21 | +0.04 | +0.05% | ||
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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% |
Energy Stocks Rally Under The Radar
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Energy / Crude Oil
Who Holds The Power In Today’s Oil Market?
Amidst the din of analysts speculating about whether oil prices will rise or fall, observers may well be overlooking some pressing questions about the very nature of the global oil…
Oil’s Catch-22 That Nobody Saw Coming
For several months, I’ve been trying to reconcile two divergent and counter-intuitive trends in oil, and it’s forced me towards a soberer outlook going forward. It’s not that I don’t…
Why WTI Is Stuck In A Range And Why That Is Good for Traders
Basic economic theory would suggest that pricing of goods and commodities is pretty simple. It is a function of supply and demand. Reduced supply and/or increased demand create scarcity that…
Petrobras Reports 2.74M Bpd Daily Output For March
Brazil’s state oil major Petrobras announced that its average daily production last month stood at 2.74 million barrels of oil equivalent, a bit lower than in the previous month…
China Ready To Cut Oil Supplies To North Korea
Beijing’s patience with North Korea is wearing thin as Pyongyang continues to conduct nuclear missile tests. According to a state Chinese media outlet, Huanqui, China is considering a suspension…
Myanmar Oil Pipeline Could Bring Cheaper Crude To China
It’s been an on-again, off-again battle — but one of the world’s largest and most critical new energy infrastructure projects got off the ground this week. That’s a 770-kilometer crude…
U.S. Oil Production, Imports Rise Faster Than Expected
The EIA’s short-term energy outlook, released on April 11, predicted increases in American energy production, along with an increase in imports. The agency’s forward predictions on the outlook of…
U.S. Oil Assets Could Fall Into Russian Hands If Venezuela Defaults
If Venezuela defaults on its debt obligations, it could result in Russia taking control over U.S. refining assets, leading to more Russian “control over oil and gas prices worldwide,” which…
Libyan Oil Production Falls Further As Wafa Field Goes Offline
Just a day after production at Libya’s largest oil field was suspended, the National Oil Corporation told local media that another field, Wafa, has also stopped producing. This…
Iran’s Top Security Officials Could Kill Its Oil Future
A potential oil and gas opportunity emerged last week in Romania. When that country’s government liberalized pricing and exports for natural gas— which could see producers here getting better…
Shale Hotspot Draws In Another Big Oil Player
The oil price crash that destroyed a lot of smaller oil producers has not spared the finances of even the oldest and largest oil companies. Trying to keep the precious…
Syria Airstrikes Remind Oil Markets Of Geopolitical Risk
- In a 1999 episode of the iconic TV series The West Wing (yes, iconic) President Jed Bartlet was dealing with a crisis. The Syrian government had shot down a…
OPEC Can’t Stop The Beat: U.S. Adds 10 Oil Rigs
The United States oil and gas rig count jumped by 15 this week, to its highest level since September 18, 2015, according to Baker Hughes’ latest report on domestic…
Tanker Traffic Points At Much Tighter Oil Markets
Oil prices have rallied more than 6 percent since last week, which has largely been attributed to growing confidence in a six-month extension from OPEC combined with a…
Are Mexico’s Oil Reserves Almost Depleted?
Mexico’s oil and gas regulator said last week that the country’s proved hydrocarbon reserves will drop by 10.6 percent in 2017. This forecast, coupled with the lower oil production that…
When Will Russia Run Out Of Oil?
On a global level, 2015 and 2016 marked the lowest level of new conventional oil discoveries since 1952. In 2016, only 3.7 billion barrels of conventional oil were discovered,…
Permian Pipeline Bottleneck Forces Steep Discounts
Oil production in the Permian Basin is rising so quickly that drillers may find themselves without enough pipeline capacity to move their product. Shale drillers large and small are rushing…
A Rising Star In U.S. Shale?
They say that success is easy: All one needs to do is find something that works, and then do it – over and over again. Early last year, I recommended…
Oil’s Central Bank To The Rescue!
- WTI rallied back into $50 territory this week with help from positive OPEC speak regarding an output cut renewal, production outages in Libya, Iraq and Canada and compliance levels…
U.S. Shale Ignores OPEC’s Warning: Oil Rig Count Soars By 10
The United States oil and gas rig count jumped by 15 this week, to its highest level since September 25, 2015, according to Baker Hughes’ latest report on domestic…
