 |
Louisiana Light • 3 days | 87.12 | +0.03 | +0.03% | ||
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Bonny Light • 1 day | 89.32 | +0.45 | +0.51% | ||
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Opec Basket • 3 days | 86.51 | -1.01 | -1.15% | ||
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Mars US • 173 days | 77.26 | -1.51 | -1.92% | ||
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Gasoline • 12 mins | 2.743 | +0.009 | +0.31% |
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Bonny Light • 1 day | 89.32 | +0.45 | +0.51% | ||
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Girassol • 1 day | 89.90 | +0.45 | +0.50% | ||
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Opec Basket • 3 days | 86.51 | -1.01 | -1.15% |
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Peace Sour • 35 mins | 76.01 | -0.55 | -0.72% | ||
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Light Sour Blend • 35 mins | 79.06 | -0.55 | -0.69% | ||
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Syncrude Sweet Premium • 35 mins | 86.01 | -0.55 | -0.64% | ||
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Central Alberta • 35 mins | 76.41 | -0.55 | -0.71% |
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Eagle Ford • 3 days | 79.33 | -0.29 | -0.36% | ||
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Oklahoma Sweet • 6 days | 79.75 | +0.50 | +0.63% | ||
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Kansas Common • 2 days | 73.50 | +0.50 | +0.68% | ||
|
Buena Vista • 3 days | 87.02 | -0.29 | -0.33% |
Breaking News:
Oil Moves Down on Crude Inventory Build
Crude oil prices moved lower…
Namibia Racks Up Another Major Offshore Oil Discovery
Shares of Portuguese integrated energy…
Energy / Crude Oil
After Agreeing To Cut, Is OPEC’s No.2 Going Rogue?
Just a week after it agreed to OPEC’s output-cut deal, Iraq is showing signs of going rogue, and instead of cutting crude exports—a logical byproduct of lowered production—it plans to…
Bakken Oil Production Soars After Long Decline
North Dakota just released their production numbers for the Bakken as well as for all North Dakota. (Click to enlarge)
Post OPEC Deal: Nigeria Plans To Increase Oil Output By 500,000 Bpd
Nigerian President Muhammadu Buhari is eyeing an increase to his country’s oil production to 2.2 million bpd, the volume it had pumped before militant attacks in the Niger Delta…
Oil Spikes After EIA Reports Surprise Draw To Crude Inventories
The EIA reported a draw of 2.6 million barrels in U.S. commercial crude oil inventories, a day after the American Petroleum Institute shocked and unsettled oil markets with an…
U.S. Shale Finally Sees Production Rise
The U.S. shale patch is forecast to yield 4.542 million barrels of oil a day in January 2017, according to the latest drilling report of the Energy Information Administration.…
Legit OPEC Cuts To End Global Oil Glut In H1 2017
As long as OPEC and non-OPEC producers deliver the production cuts they agreed to over the weekend, the oil market is likely to move into deficit in the first half…
Goldman Sachs Warns The Saudis: ‘’U.S. Shale Will Respond’’
Even if OPEC and non-OPEC producers deliver the promised cuts and oil spikes to US$60, a recovering U.S. shale production would drag crude prices back to US$55, and the Saudis…
Erasing The Glut: Is 1.8 Million Bpd Enough?
Oil jumped by more than 4 percent on Monday, with WTI moving up to $53 per barrel and Brent topping $56 per barrel. It is very possible that we could…
Can OPEC Enforce A Non-OPEC Cut?
“This is shock and awe by Saudi Arabia” is how one analyst summed up the developments in the oil sector at the end of last week. Mere minutes, seconds really,…
Not So Prolific: U.S. Shale Faces A Reality Check
The collapse of oil prices has forced the U.S. shale industry to slash production costs. In order to improve the “breakeven” costs for the average shale well, the industry has…
Which Oil Majors Are Most Exposed To The OPEC Deal?
Analyses of the OPEC deal have now extended to how Big Oil would be affected (in theory) by the agreement that has yet to materialize (if ever). OPEC agreed last…
How Long Can OPEC Remain United For?
As the core international group of oil exporters, OPEC announced last Wednesday the first production limits since the 2008 financial crisis. Cuts had long been debated but unrealized due to…
Without Catalyst, Oil Remains Range-Bound
Early Friday, January crude oil futures are trying to recapture its gains from earlier in the week. After a firm trade on Monday, prices fell over doubts about whether the…
Oil Markets Not Convinced OPEC Deal Can Kill The Glut
There are serious questions swirling around OPEC’s production cut deal, ranging from the size of the cuts needed given that production from the cartel rose through November, to the prospect…
BP CEO Dudley: We’ll Double Our North Sea Oil Production By 2020
UK’s oil major BP (NYSE:BP) will double its production in the North Sea to 200,000 barrels of oil per day, chief executive Bob Dudley said in an interview with
Crude Rises Ahead Of Non-OPEC Meeting
The mood of crude has flipped again, with optimism rising ahead of the NOPEC meeting at the weekend. Even though doubts persist, for today, oil prices push higher. Hark, here…
Glencore, Qatar Fund Buy 20% In Rosneft
Glencore has teamed up with Qatar’s sovereign wealth fund to acquire a 19.5-percent stake in Russia’s oil giant Rosneft. The Swiss-based commodity trader and miner, led by Ivan Glasenberg, will…
Drilling Frenzy? Oilfield Services Booked Out
“If you don’t have your crews lined up by now, you’re not going to be able to complete your wells in Q1,” replied my oilfield service friend. “We’re fully booked…
Oil Minister: Venezuela Has Left 500,000 Bpd Output Out Of OPEC Deal
Venezuela - one of the OPEC deal’s staunchest promoters and supporters – produces around 500,000 barrels per day of heavy oil, and this figure has been left out of the…
Kuwait Calls For Meeting To Enforce OPEC Cut In Q1 2017
Kuwait will be taking a leadership role in monitoring the Organization of Petroleum Exporting Countries’ (OPEC) week-old production freeze deal, according to acting oil minister Anas al-Saleh, who said he…
