 |
Louisiana Light • 4 days | 84.39 | +0.14 | +0.17% | ||
|
Bonny Light • 3 days | 84.45 | -0.41 | -0.48% | ||
|
Opec Basket • 4 days | 84.23 | -2.94 | -3.37% | ||
|
Mars US • 184 days | 77.26 | -1.51 | -1.92% | ||
|
Gasoline • 2 days | 2.555 | -0.041 | -1.59% |
|
Bonny Light • 3 days | 84.45 | -0.41 | -0.48% | ||
|
Girassol • 3 days | 85.44 | -0.34 | -0.40% | ||
|
Opec Basket • 4 days | 84.23 | -2.94 | -3.37% |
|
Peace Sour • 2 days | 72.15 | -0.05 | -0.07% | ||
|
Light Sour Blend • 2 days | 75.20 | -0.05 | -0.07% | ||
|
Syncrude Sweet Premium • 2 days | 82.15 | -0.05 | -0.06% | ||
|
Central Alberta • 2 days | 72.55 | -0.05 | -0.07% |
|
Eagle Ford • 4 days | 75.43 | -0.05 | -0.07% | ||
|
Oklahoma Sweet • 4 days | 75.50 | +0.00 | +0.00% | ||
|
Kansas Common • 6 days | 72.25 | -0.75 | -1.03% | ||
|
Buena Vista • 7 days | 87.60 | -1.22 | -1.37% |
Breaking News:
High Oil Prices Force Biden Admin to Halt SPR Refill Plans
The Biden administration has canceled…
Shale Helps Insulate U.S. from Oil Shocks—But Not Entirely
U.S. shale has provided that…
Energy / Crude Oil
U.S. Sees Unchanged Oil Rig Count As Canada Boasts 19 New Oil Sites
Friday’s Baker Hughes report heralded the end of eight straight weeks of U.S. oil rig gains, which boasted a net change of zero, hopefully subduing, even if…
Yemen’s Houthi Forces Claim Missile Hit On Saudi Aramco Oil Facilities
Yemeni Shiite Houthi rebels have reportedly fired missiles targeting Saudi Aramco, allegedly damaging the oil giant’s facilities in southwestern Saudi Arabia on Friday, according to local Houthi-affiliated…
The Best Way To Unlock Canada’s Crude Exports
Anyone who has ever tried to start a car in -40?C weather knows the challenges of living in the true white north. Oil becomes almost solid, and all…
China’s Oil Majors Are Burning Through Oil Reserves
China’s state-owned oil companies have been beaten down by low oil prices and stagnant demand at home. PetroChina and Cnooc reported dismal earnings this week, and offered…
Why Oil Investors Should Look Beyond The OPEC Meeting
The recent rally had investors of all sizes ecstatic at the prospect of oil rising when in reality it had more to do with short seller contracts coming…
Iraq Needs Oil Companies to Drill More, But Can it Pay?
The Iraqi government is asking international oil companies operating in the country to continue to produce oil, but to get used to lower oil prices. Iraq’s oil minister…
Is Doomsday Inevitable For Venezuela?
Venezuela is facing the worst economic and humanitarian crisis in its history. Venezuela has been hit by the 24 months collapse in oil prices. Its economy is expected…
Battle For Crude Market Share In China Heats Up Again
Oil prices are looking lower, facing headwinds of a stronger dollar and a bearish oil inventory report. Hark, here are six things to consider in oil markets today:…
Why Arctic Oil Is Crucial For Russia’s Future
The Arctic – a cold wasteland that has shattered the expansion dreams of many an oil company by proving to be too difficult and too expensive to tackle.…
The U.S. Basins To Bet On In The Future
Permian, Marcellus Lead U.S., while Eagle Ford Dives Hard As cost structures are held in check and oil price fluctuations are seemingly without end, producers are evaluating acreage…
China Plans To Slash Crude Demand By 250,000 Bpd
China is determined to rid itself of its image as one of the world’s greatest polluters, and is serious about curbing oil production—even if only for a few…
Independent Refiners Face Existential Threat
Carl Icahn is sounding the alarm about a rising threat that he believes could bankrupt independent refiners en masse. Icahn is concerned about the surge in government…
These Oil Majors Will Bid In Mexico’s $44B Offshore Tender
U.S. oil majors ExxonMobil, Chevron and Hess will bid jointly in the upcoming deepwater oil and gas tender planned by Mexico. The auction, which will take place…
Saudi Arabia Announces Record High Oil Exports In June
Saudi Arabian crude exports rose in June to near-record-high levels, even as the country used less petroleum to generate electricity than the same month in 2015, according…
Iraq Resumes Oil Exports From Kurdish Fields
The Iraqi government has resumed pumping oil from fields operated by the North Oil Company through a Kurdish pipeline that runs through Turkey, according to remarks from…
Spread Between Brent And WTI Hits Six-Month High
With the Brent premium over the WTI price rising to US$2.50 per barrel on Tuesday – the most in six months – oil traders hastened to procure…
Is The Oil Production Efficiency Boom Coming To An End?
“How much more productive can these new wells get?” I asked my host who had kindly invited me on a field trip to some of western Canada’s most…
Saudis Ramping Up Oil Output To Gain Leverage In OPEC Talks
Saudi Arabia suggests it may be increasing its August crude output to a new all-time high as it could give it more leverage to influence the September informal…
Will Iraq’s New Oil Minister Be Able To End The Iraqi Oil War
After months of street protests and political paralysis, the Iraqi parliament approved five of six cabinet nominees by Prime Minister Haidar al-Abadi, including the country’s new oil…
Oil Companies Ignoring Investors
One unexpected casualty of the oil price downturn is the self-respect of some energy investors. Equity investors are the owners of publicly traded companies and companies’ sole purpose…
