 |
Louisiana Light • 2 days | 86.68 | -2.47 | -2.77% | ||
|
Bonny Light • 2 days | 90.37 | -1.56 | -1.70% | ||
|
Opec Basket • 2 days | 89.64 | -0.54 | -0.60% | ||
|
Mars US • 167 days | 77.67 | -1.57 | -1.98% | ||
|
Gasoline • 10 mins | 2.732 | +0.003 | +0.11% |
|
Bonny Light • 2 days | 90.37 | -1.56 | -1.70% | ||
|
Girassol • 2 days | 90.93 | -1.38 | -1.49% | ||
|
Opec Basket • 2 days | 89.64 | -0.54 | -0.60% |
|
Peace Sour • 3 hours | 75.35 | -2.68 | -3.43% | ||
|
Light Sour Blend • 3 hours | 78.40 | -2.68 | -3.31% | ||
|
Syncrude Sweet Premium • 3 hours | 85.35 | -2.68 | -3.04% | ||
|
Central Alberta • 3 hours | 75.75 | -2.68 | -3.42% |
|
Eagle Ford • 2 days | 79.17 | -2.67 | -3.26% | ||
|
Oklahoma Sweet • 2 days | 79.25 | -2.50 | -3.06% | ||
|
Kansas Common • 3 days | 75.50 | -0.25 | -0.33% | ||
|
Buena Vista • 7 days | 89.36 | +0.64 | +0.72% |
Breaking News:
Ecopetrol, Guerillas and Death Squads: The War for Colombia’s Oil
Colombia’s national oil company, Ecopetrol,…
Biden Administration's SPR Plans Derailed by Oil Price Surge
The Biden Administration cancels planned…
Energy / Crude Oil
The Oil War Is Only Just Getting Started
It’s been a month now that investors and analysts have been closely watching two main drivers for oil prices: how OPEC is doing with the supply-cut deal, and how U.S.…
East Timor Close To Taking Full Control Of $40 Billion Oil Field
East Timor and Australia have agreed to a new maritime border which would give East Timor control of a $40 billion oil field. But not everyone is happy. With the…
OPEC Cuts Close To 1 Million Bpd This Month
A Reuters survey of shipping data has revealed that OPEC has succeeded this month in cutting almost 1 million barrels from its combined daily output, in compliance with its…
Post Oil Bust: What Lessons Have Petrostates Learnt?
During the past year the economies of oil producing countries have been dealt a fatal blow. Saudi Arabia suffers from various structural challenges to its economy. Its debt rose from…
Refiners Stand To Lose From Trump’s Border Tax Plan
Donald Trump’s first week in office as U.S. president has brought major upheaval. And it looks like the new leader could be about to cause some massive shifts in the…
OPEC May Be Powerless To Stop Lower For Longer
Just a few months after oil prices began to crash from its US$100 level in 2014, BP’s chief executive Bob Dudley warned the industry that it needed “to prepare for…
Why Colombia’s Oil Industry Might Never Recover
Following the peace agreement with FARC, the Colombian government hopes to develop oil-rich rural areas that were previously fraught with conflict. But is it too late for an oil boom…
Independent Audit Confirms Saudi Aramco’s Huge Oil Reserves
The external audit of the oil reserves of Saudi Aramco ahead of its planned IPO has confirmed that Saudi Arabia’s oil giant has more than 261 billion barrels of reserves,…
Iran To Export More Oil In February
Iran’s crude oil and gas condensate exports are expected to rise to about 2.2 million barrels per day in February, thanks to a shipment to Indonesia – the first…
TransCanada Submits Fresh Application For Keystone XL
After on Tuesday President Trump signed executive orders that put Keystone XL and Dakota Access back on the table, TransCanada was quick to submit a new application for a…
Canadian Oil Industry Not Threatened By Trump
On the day of U.S. President Donald Trump’s inauguration the official White House website was rewritten including 361 brief words outlining the future of American Energy Policy. Titled “An…
Saudi Arabia Says It Will Not Cut Exports To Key Market Japan
Saudi Arabia will not reduce its crude oil exports to Japan despite the OPEC production cut agreement, a deputy minister at the oil ministry told media. The Kingdom supplies…
Russia Makes A Move On Asian Oil Markets As OPEC Cuts
Oil prices have been struggling to rise beyond the low $50s per barrel. Not helped by news this week that Libya’s production has hit a 3-year high at 715,000…
Oil Price Meltdown – Is Trump Setting The Oil Markets Up For Another Bust?
President Donald Trump signed several executive orders this week intended to juice the American energy sector, calling for expedited environmental reviews and the advancement of the Keystone XL and Dakota…
Oil Prices Slip On Bearish Inventory Data
The Energy Information Administration reported a 2.8-million-barrel build in U.S. commercial oil inventories, a day after the American Petroleum Institute estimated the inventories had expanded by 2.93 million…
Is Libya A Bigger Threat To Oil Prices Than U.S. Shale?
Despite some suggestions that oil prices will level off at around $60 in 2017, since the initial surge of the OPEC production deal prices have barely nudged above $53. Over…
Expect A New Shale Boom This Spring
U.S. shale has now rebounded to a solid financial equilibrium that it makes sense for companies to begin investing in drilling again. The International Energy Agency (IEA) expects U.S. shale…
Trump Angers Buffett – To Sign Executive Orders On Keystone, Dakota Pipelines
It is just day two of his presidency, and already Trump is taking a sledgehammer to the Obama legacy: in his latest move reported moments ago by Bloomberg, president Trump…
North Sea Oil Producers Cash In On Asian Demand, OPEC Deal
Crude oil from the North Sea is flowing to Asia at record rates, set to reach 12 million barrels this month, Bloomberg reports, citing shipping data. Tankers carrying 9…
Oil Sands Are An Easy Target But They Are Going Nowhere
Canada’s PM Justin Trudeau sparked outrage earlier this month by saying the Alberta oil sands need to be “phased out”. Because the oil sands industry is the third-biggest employer…
