 |
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 • 172 days | 77.26 | -1.51 | -1.92% | ||
|
Gasoline • 10 mins | 2.685 | -0.001 | -0.02% |
|
Bonny Light • 1 day | 88.20 | -0.49 | -0.55% | ||
|
Girassol • 1 day | 88.64 | -0.56 | -0.63% | ||
|
Opec Basket • 4 days | 87.52 | +0.17 | +0.19% |
|
Peace Sour • 4 hours | 75.10 | -0.32 | -0.42% | ||
|
Light Sour Blend • 4 hours | 78.15 | -0.32 | -0.41% | ||
|
Syncrude Sweet Premium • 4 hours | 85.10 | -0.32 | -0.37% | ||
|
Central Alberta • 4 hours | 75.50 | -0.32 | -0.42% |
|
Eagle Ford • 4 days | 79.62 | +0.41 | +0.52% | ||
|
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% |
Namibia Racks Up Another Major Offshore Oil Discovery
Shares of Portuguese integrated energy…
U.S. Shale Oil Production Growth Is Slowing Down
When the illusion of unending…
Energy / Crude Oil
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…
Why Russia Beat Saudi Arabia As China’s No.1 Oil Supplier
Russia last year overtook Saudi Arabia as China’s biggest supplier of crude oil thanks in large part to increased demand from independent refineries, popularly called teapots. This is what…
Brazil’s Massive Oil Upside Explained In One Chart
As I’m writing this, I’ve got maps of four different continents open on my desktop. It’s been a busy week. With projects advancing in all these far-flung locales, for gold,…
Saudi Energy Minister Says 1.5M Bpd Of Oil Off The Market Now
Some 1.5 million of an agreed upon 1.8 million barrels per day of oil has been taken out of the market in January, Saudi Arabian Energy Minister Khalid al-Falih…
Will This Be The Biggest Oil Bid Round This Decade?
Big spending is back in the oil and gas world. With ExxonMobil unloading a $6.6 billion mega-buy in the Permian Basin of Texas this week — just a day…
U.S. Shale To Put A Firm Cap On Oil Prices
The latest Drilling Productivity Report released by the Energy Information Administration has shown that crude oil output in the shale patch will continue rising next month, with the Permian…
Oil Prices Fall In Spite Of Bullish OPEC Data
OPEC, in its latest Monthly Oil Market Report, raised its forecast for global crude oil demand to 95.60 million barrels daily, up by 1.16 million bpd from…
Oil Production Here Is Declining Faster Than Anywhere On Earth
Series of important warnings emerging in the oil sector this week. With several sources noting that production is taking a steep nosedive — in one particular part of the world.…
$25 Trillion Investment Needed To Meet Future Oil Demand
The world needs to invest US$25 trillion in new oil-producing capacity over the next 25 years to meet growing demand, Saudi Aramco’s chief executive Amin Nasser said at the World…
Declining Chinese Oil Production Could Help Boost Oil Prices
While all eyes are on OPEC to see whether or not they will follow through on production cuts, there is another major source of oil supply that will have a…
China Leads Unprecedented Drop In Asian Crude Production
Crude oil production in the Asia-Pacific is falling at a unique rate, according to a report from Wood Mackenzie, with China accounting for about half of the decline, Wood…
The Rebound Is Here: Megaprojects Back On The Table
Hey 2017 – get you. Straight out of the box and it’s delivered some prestantious news, in the form of a Wood Mackenzie report. We don’t know how you feel,…
Oil Could Rise Further On Stronger Asian Crude Demand
With markets closed today to witness Martin Luther King Jr. Day, prices are not surprisingly rather subdued amid quiet electronic trading. Nonetheless, fun and games will ramp up from tomorrow,…
2017 Another Year Of Excessive Volatility For Oil Prices
This year will see further volatility in oil prices despite international efforts to restore the market to balance and improve prices more consistently. This push may, however, rebalance the market…
Leaner And Meaner: Oil Majors Capitalize On Higher Crude Prices
The recent recovery of oil prices couldn’t have come at a better time for the world’s top oil majors that have ridden the rough oil price crash with huge investment…
These Downstream Companies Are Poised For Gains This Year
Watching the Rex Tillerson confirmation hearings, I’m wondering how his move as the head of the State department, should he be confirmed, would impact oil and gas stocks. There’s a…
