 |
Louisiana Light • 3 days | 87.12 | +0.03 | +0.03% | ||
|
Bonny Light • 1 day | 89.32 | +0.45 | +0.51% | ||
|
Opec Basket • 3 days | 86.51 | -1.01 | -1.15% | ||
|
Mars US • 174 days | 77.26 | -1.51 | -1.92% | ||
|
Gasoline • 11 mins | 2.739 | +0.005 | +0.18% |
|
Bonny Light • 1 day | 89.32 | +0.45 | +0.51% | ||
|
Girassol • 1 day | 89.90 | +0.45 | +0.50% | ||
|
Opec Basket • 3 days | 86.51 | -1.01 | -1.15% |
|
Peace Sour • 4 hours | 76.01 | -0.55 | -0.72% | ||
|
Light Sour Blend • 4 hours | 79.06 | -0.55 | -0.69% | ||
|
Syncrude Sweet Premium • 4 hours | 86.01 | -0.55 | -0.64% | ||
|
Central Alberta • 4 hours | 76.41 | -0.55 | -0.71% |
|
Eagle Ford • 3 days | 79.33 | -0.29 | -0.36% | ||
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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% |
U.S. Shale Oil Production Growth Is Slowing Down
When the illusion of unending…
Oil Moves Higher on Inventory Draw
Crude oil prices ticked higher…
Energy / Crude Oil
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…
The Rebirth Of Egypt’s Oil And Gas Sector
Even amid a backdrop of low global commodity prices, new oil and gas discoveries are continuing to drive investment in Egypt’s hydrocarbons sector. In late August, Shell announced that it had…
New Mega Oil Discovery In Alaska Could Reverse 3 Decades Of Decline
A small company just announced that it has made a “world-class” oil discovery in Alaska, which could be the largest find in the state in years. Caelus Energy LLC, a…
Is Russia Diversifying Away From Oil Fast Enough?
Russia needs to diversify away from oil and gas, and fast, says the chief executive of the country’s largest lender, Sberbank. According to German Gref, the oil and gas…
Nigerian Oil Anxieties Mount, Even With OPEC Exemption
OPEC may have given Nigeria a pass on the output cuts expected to be divvied out officially at the close of November, but it’s D-Day for the militancy that has…
OPEC Crude Accounts For Most Of U.S. Oil Imports Rise
Reversing a five-year-long decline trend, U.S. gross crude imports rose by 7 percent, or by 528,000 barrels per day, in the first half of this year compared to the same…
Oil Hits $50 As OPEC Suggests It Might Deepen Output Cuts
Should OPEC members find that the oil market needs more cuts, the cartel could decide to lower production by one percent more than last week’s deal-to-make-a-deal, Algerian Energy Minister…
Oil Prices Continue Their Rally As EIA Reports Surprise Draw
Crude oil inventories in the U.S. reached 499.7 million barrels in the week to September 30, the EIA reported, down by 3 million barrels from the previous week. The…
OPEC Deal Triggers Hedging Race In U.S. Shale
The shale oil drillers in the U.S. are hedging their portfolio at breakneck speeds, using the rise in prices to actively hedge their production for 2017, according to banks and…
Are We Set For A Seasonal Slide In Oil Prices?
Will OPEC’s Self-Imposed Limit Make a Difference? Last week OPEC surprised many (us included) by making a decision in favor of limiting production. Member states have agreed to a cull…
Winners Of The Oil Bust: How Much Oil Did China Store?
It’s not surprising that in recent years China has been taking advantage of the low crude prices to stockpile strategic and commercial oil reserves. It’s not surprising that official data…
Mistrust In OPEC Makes For A Sour Deal
Yesterday, after a lot of talk and much speculation the leaders of OPEC emerged from an unofficial meeting at the Algiers energy summit and shocked a lot of people, not…
Has Saudi Arabia Pushed OPEC Too Far?
Surely the latest actions by OPEC in Algiers threatens the very core of the cartel, given its members have agreed to something that is going to be extremely difficult to…
Oil Tax To Increase Amid Low Crude Prices
Oil Producing States Fare Differently in Period of Lower Prices It should be no secret that the oil and gas industry tends to carry the heaviest tax burden…
Is The EIA Wrong On Texas Oil Production?
(Click to enlarge) Dean has provided his monthly update for Texas Oil and Natural Gas. The most recent month’s estimate is often volatile…
OPEC Deal Could Fall Apart At The Seams As Iraq Revolts
While historically the major conflict within OPEC in recent years had been between Iran, whose oil production had been mothballed since 2013 as a result of the US embargo and…
The Inevitable Winners Of The OPEC Meeting
OPEC, Oil and Tankers. This week, the informal meeting of OPEC, alongside the International Energy Forum, has given rise to a possibility of another output limit. Whether or not this…
Pipeline Battle Set To Harm U.S. Energy Independence
Protests against new oil and gas pipeline construction are becoming more or less part of everyday life in the U.S. and Canada. Keystone XL, Dakota Access, Enbridge’s Line 5, Energy…
Tesla’s Model 3 Could Take 300,000 Bpd Off U.S. Gasoline Demand
The release of Tesla’s first affordable electric vehicle, the Model 3, marks a milestone in the EV industry that could shave off 300,000 barrels per day in gasoline demand in…
Lack Of Pipeline Capacity Could Force Down Canadian Crude Prices
The pipelines carrying Canadian heavy crude to the U.S. are running at capacity and soon, more oil will have to start being transported by railway as oil sands operators…
