 |
Louisiana Light • 4 days | 87.09 | +0.49 | +0.57% | ||
|
Bonny Light • 1 day | 88.20 | -0.49 | -0.55% | ||
|
Opec Basket • 4 days | 87.52 | +0.17 | +0.19% | ||
|
Mars US • 171 days | 77.26 | -1.51 | -1.92% | ||
|
Gasoline • 10 mins | 2.688 | +0.003 | +0.11% |
|
Bonny Light • 1 day | 88.20 | -0.49 | -0.55% | ||
|
Girassol • 1 day | 88.64 | -0.56 | -0.63% | ||
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Opec Basket • 4 days | 87.52 | +0.17 | +0.19% |
|
Peace Sour • 2 hours | 75.10 | -0.32 | -0.42% | ||
|
Light Sour Blend • 2 hours | 78.15 | -0.32 | -0.41% | ||
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Syncrude Sweet Premium • 2 hours | 85.10 | -0.32 | -0.37% | ||
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Central Alberta • 2 hours | 75.50 | -0.32 | -0.42% |
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Eagle Ford • 4 days | 79.62 | +0.41 | +0.52% | ||
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Oklahoma Sweet • 4 days | 79.75 | +0.50 | +0.63% | ||
|
Kansas Common • 6 days | 73.00 | -2.50 | -3.31% | ||
|
Buena Vista • 5 days | 86.90 | +0.04 | +0.05% |
Breaking News:
OPEC+ Faces Fork in the Road
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Energy / Crude Oil
Oil Prices Inch Higher On Small Crude Build, Gasoline Draw
The Energy Information Administration reported a build of 1.5 million barrels in U.S. commercial crude oil stockpiles for the week to February 24, continuing a seven-week streak of increases…
OPEC Deal Cancelled Out By Rising Shale Output
U.S. oil production continues to rise, threatening to offset much of the output reductions from OPEC, and yet again pushing out the time horizon for the oil market balancing. There…
The Next Big Step In Unconventional Oil Is Here
The pressure to cut costs and optimize resources amid the oil price slump has made exploration and production companies analyze more carefully the potential of the shale assets they consider…
Energy Minister Novak: Russia Cuts More Oil Output In February
Russia’s oil production in February will be lower than the January output, with Moscow cutting more than the 117,000 bpd cut it made last month, Russia’s Energy Minister Alexander Novak…
Angola Boasts 16-Month High In Oil Revenues
Angola reported US$950 million in crude oil export revenues for January, the highest in 16 months, data from the country’s Finance Ministry showed. Africa’s top producer exported some 52.25…
Expert Commentary: Inventory Draws Should Tighten Oil Markets Soon
- Oil traders saw more of the same this week with range bound flat price, strong brent and WTI spreads, weak gasoline spreads and option implied volatility at multi year…
U.S. Oil Rig Count Rises – Up 125 Since OPEC Deal
The number of active oil and gas rigs in the United States increased again, although modestly, on Friday by 3. Both benchmarks were trading down earlier on Friday despite reports…
4.7 Billion Barrels Just Evaporated In This World Class Oil Play
It’s reserves reporting season in the oil and gas business. And one of the world’s biggest plays saw some major casualties this week as new numbers hit the street. The…
Why Oil Demand Forecasts Have Become A Guessing Game
Get yourself a ruler, a pencil and a piece of paper. Place the ruler at about 45 degrees and draw a line upward across the page. That’s what a chart…
Goldman Sachs: Global Oil Inventories To Continue Dropping
Although crude oil inventories in the U.S. are expected to rise, the global oil market is showing signs of tightness and will continue to see crude stocks draw down, Goldman…
EIA Reports Minor Build In Crude Inventories, Draw In Gasoline Stocks
After three straight weeks of builds in commercial oil inventories, today, the EIA had some more bad news for traders. The authority reported a build of 600,000 barrels, a…
Non-OPEC Compliance Rate Rises To 60%
The non-OPEC producers that have signed up to the supply-cut deal forged by OPEC to boost oil prices and rebalance the market have been improving on their initially low compliance…
Record Gasoline Glut Is Causing Problems On The East Coast
The U.S. East Coast traditionally relies on imports from east Canada and Europe to fill in its gasoline demand. However, these days the gasoline glut in the New York area…
Oil & Gas M&A Just Broke All Records
I talked yesterday about prime oil and gas assets coming for sale in Asia. And some new data this week shows it’s not just that part of the world…
Something Has Got To Give In Oil Markets
- Oil wrestled with positive fundamental expectations and bearish present circumstances this week to remain glued to the $53 mark. In the present, stress of record high crude oil and…
Trade Wars Or New Oil Markets – Trump’s Asian Dilemma
President Donald Trump has been vocal in referring to China as an unfair rival to the U.S. on global markets. The media has been only too happy to report on…
OPEC Ready To Cut Deeper
OPEC is finding itself backed into a corner: the group, it appears, is prepared to extend the oil production cut agreement that is set to expire at the end of…
U.S. Crude Inventories Reach Record High After EIA Reports Significant Build
For the third week in a row the Energy Information Administration (EIA) has reported an increase in commercial crude oil inventories of 9.5 million barrels, to a total of…
Iraq Plans For Enormous Boost To Refining Capacity
Iraq’s government is ambitious and it wants to make the most of the country’s oil and gas reserves. Plans for an expansion of the country’s refinery network have been circulating…
Europe’s Big Oil Breaks Even At $50-60 Per Barrel
Europe’s big oil companies need oil to stay in a range between US$50 and US$60 a barrel to remain cash flow positive, Fitch Ratings said. The agency added that…
