 |
Louisiana Light • 3 days | 87.12 | +0.03 | +0.03% | ||
|
Bonny Light • 2 days | 88.87 | +0.67 | +0.76% | ||
|
Opec Basket • 3 days | 86.51 | -1.01 | -1.15% | ||
|
Mars US • 173 days | 77.26 | -1.51 | -1.92% | ||
|
Gasoline • 15 mins | 2.735 | +0.010 | +0.37% |
|
Bonny Light • 2 days | 88.87 | +0.67 | +0.76% | ||
|
Girassol • 2 days | 89.45 | +0.81 | +0.91% | ||
|
Opec Basket • 3 days | 86.51 | -1.01 | -1.15% |
|
Peace Sour • 14 hours | 76.56 | +1.46 | +1.94% | ||
|
Light Sour Blend • 14 hours | 79.61 | +1.46 | +1.87% | ||
|
Syncrude Sweet Premium • 14 hours | 86.56 | +1.46 | +1.72% | ||
|
Central Alberta • 14 hours | 76.96 | +1.46 | +1.93% |
|
Eagle Ford • 3 days | 79.33 | -0.29 | -0.36% | ||
|
Oklahoma Sweet • 6 days | 79.75 | +0.50 | +0.63% | ||
|
Kansas Common • 2 days | 73.50 | +0.50 | +0.68% | ||
|
Buena Vista • 3 days | 87.02 | -0.29 | -0.33% |
Why Biden is Unlikely to Enforce the New Iran Oil Sanctions
Despite Congress passing new sanctions…
U.S. Crude Production To Decline In 2024 As Shale Activity Stalls
Analysts from Standard Chartered have…
Energy / Crude Oil
U.S. Oil And Gas Is Changing To Survive
''Come writers and criticsWho prophesize with your penAnd keep your eyes wideThe chance won’t come again.'' Nobel Prize winner Bob Dylan must have been an…
The Power To Make Or Break Nations—The World’s $1.7 Trillion Oil Business
The oil bust, today’s volatile market and relentless OPEC chatter, it’s easy to lose sight of the fact that the oil market—even at current valuations—is somewhere near the $1.7 trillion…
‘’Russia Could Add Another 4 Million Bpd To Daily Output’’
Russia could boost its already record-high crude oil production by another 4 million barrels daily, said Rosneft’s head Igor Sechin. Sechin, speaking at the 5th Eurasian forum in Verona,…
Oil Executives Have Little Appetite For Deepwater Drilling
With oil prices potentially set to stay low for years to come, the future of deepwater drilling is very much up in the air. The world’s top oil executives have…
Saudi Oil Minister: Non-OPEC Producers Are Ready To Join Output Cut
“Many countries” outside OPEC are willing to join the negotiations on a crude oil production reduction initiated by the cartel last month. That’s what Saudi Arabia’s oil minister Khalid al-Falih…
Oil Won’t Crash Before The OPEC Meeting
As we reported last week, just as OPEC announced a new monthly production record, with total output rising by 220kbpd to a record 33.4mmbpd...
Saudi Arabia Reports Lower Output, Exports In August
Saudi Arabia pumped a daily average of 10.63 million barrels of crude in August, a 400,000 bpd decline on peak production in July, prompted by seasonally high demand. Exports…
Can Iran Sign $10 Billion In Oil Deals Before March?
It has been ten months since the international community lifted sanctions against Iran’s oil and gas sector, paving the way for the country to rebuild its lost production capacity and…
The Biggest Opportunity Right Now In Oil And Gas
Offshore exploration has been a rare bright spot for the global oil and gas industry lately. Some of the movement in the offshore sector is coming as governments get more…
Oil Hits Ceiling At $50 Per Barrel
Oil prices fell back to $50 on Friday afternoon, after the U.S. rig count hit eight year highs.
The Truth About Permian Shale Break-Even Prices
Despite OPEC’s best efforts, shale boomers are still alive and kicking—at least some of them. More precisely, those that came first, chose the best acreage, and had the farsightedness needed…
Oil Prices Extremely Volatile After Massive Crude Build
The Energy Information Administration tipped markets towards bear territory when it reported that U.S. crude oil inventories had jumped by 4.9 million barrels in the week to October 7.…
Billions Of Barrels Of Undiscovered Oil May Lie Under Barents Sea
The latest 3D seismic surveys suggest that there may be billions of barrels of undiscovered oil in the Barents Sea, according to a geology and geophysics expert in an…
Taliban Oil: Did Afghanistan Recover A Hidden Oil & Gas Treasure?
In the 1990s, the California-based Unocal Corporation invited a delegation from the Afghan Taliban to their headquarters in Sugar Land, Texas, to discuss prospects for constructing a 1700-kilometer Peace Pipeline,…
Big Oil Prepares For Exploration Rush In Brazilian Pre-Salt
Around the world, governments continue to loosen their hold on oil and gas reserves. Just look at a slew of developments this week. Such as Russia finalizing a privatization…
IEA Pours Cold Water On Oil Price Rally
Just as oil prices really started to pick up steam, the IEA had to spoil the party. The Paris-based energy agency said on Tuesday that the oil market will remain…
OPEC Chief Says Cartel Lost US$1 Trillion To Oil Price Bust
Due to the slump in oil prices, OPEC producers have lost more than US$1 trillion in revenues over the past three years, OPEC Secretary General Mohammad Barkindo has told…
Saudi Arabia’s Fake Surrender: Why The Oil Price War Is Still On
What do you do when everyone is bugging you to do something, but you don't want to do it? The simple answer is that you make it look like you…
The Billion Barrel Oil Swindle: 80% Of U.S. Oil Reserves Are Unaccounted-For
U.S. crude oil storage is filling up with unaccounted-for oil. There is a lot more oil in storage than the amount that can be accounted for by domestic production and…
Oil Bust Forces Brazil To ‘Give Away’ Pre-Salt Assets
The oil industry is about to see a huge benefit from the change of government in Brazil earlier this year. The Brazilian Congress just voted to open up the country’s…
