 |
Louisiana Light • 2 days | 86.68 | -2.47 | -2.77% | ||
|
Bonny Light • 1 day | 88.73 | -1.64 | -1.81% | ||
|
Opec Basket • 2 days | 89.64 | -0.54 | -0.60% | ||
|
Mars US • 168 days | 77.67 | -1.57 | -1.98% | ||
|
Gasoline • 10 mins | 2.705 | -0.009 | -0.32% |
|
Bonny Light • 1 day | 88.73 | -1.64 | -1.81% | ||
|
Girassol • 1 day | 89.30 | -1.63 | -1.79% | ||
|
Opec Basket • 2 days | 89.64 | -0.54 | -0.60% |
|
Peace Sour • 4 hours | 75.30 | -0.05 | -0.07% | ||
|
Light Sour Blend • 4 hours | 78.35 | -0.05 | -0.06% | ||
|
Syncrude Sweet Premium • 4 hours | 85.30 | -0.05 | -0.06% | ||
|
Central Alberta • 4 hours | 75.70 | -0.05 | -0.07% |
|
Eagle Ford • 2 days | 79.17 | -2.67 | -3.26% | ||
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Oklahoma Sweet • 2 days | 79.25 | -2.50 | -3.06% | ||
|
Kansas Common • 2 days | 73.00 | -2.50 | -3.31% | ||
|
Buena Vista • 2 days | 86.86 | -2.40 | -2.69% |
Breaking News:
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Energy / Crude Oil
Does The U.S. Have A Plan For The Post-Oil Era?
The world's largest exporter of crude oil, the Kingdom of Saudi Arabia, recently announced a plan for its post-oil future. If a country almost synonymous with the oil…
BP Faces Setback In World’s Largest Unexplored Oil Basin
As if the current oil markets weren’t tough enough for producers, companies are increasingly finding that regulators are making it harder to drill new sources of oil. For…
Saudi Market Share Takes A Hit As Russia Doubles Oil Exports To China
Russian oil exports to China more than doubled in April 2016 compared to numbers from the same month last year, according to a report by Russia’s state-run news agency
When We Can Expect The Next Oil Shock
The scenario above shows an Oil Shock Model with a URR of 3600 Gb, EIA data from 1970 to 2015,…
Expert Commentary: The Latest Rally Has Come To An End
• WTI breached our $38/$48 forecast this week as supply disruptions in Nigeria, Latin American and Africa (estimated by Morgan Stanley to be ~2m bpd in total) took…
U.S. Oil Rig Count Holds Fast, Breaks 8-Week Freefall Streak
The total U.S. rig count (both oil and gas) fell again this week from 406 to 404. While the U.S. oil rig count held fast at 318 as…
Oil Glut Set To Worsen As Libya Unblocks 300,000 Bpd Of Production
After a three-week blockade of its eastern port of Hariga over rival government wrangling, Libya has now resumed exports from the port and could soon be ramping up…
Iran Closes In On Saudis As Oil Exports Soar
Market data from Reuters shows that Iranian crude oil exports in April reached 2.3 million barrels per day, exceeding forecasts, while May exports are expected to be around 2.1 million…
Despite Low Oil Prices, Kuwait Plans To Invest $42 Billion By 2022
Kuwait’s state-run oil company is planning US$42 billion in investments by 2022, as the country pursues a three-fold strategy to increase oil production, expand its refineries and…
Oil-for-Drugs Swap: India’s Answer to Venezuela’s Unpaid Bills
Venezuela can’t pay its millions of dollars in debt to Indian pharmaceutical companies, say Indian officials, so officials are considering a proposal that would see the Latin American…
Iraq Facing Perfect Storm
Iraq has been pumping oil at record-high rates since the start of the year, with daily output reaching 4.31 million barrels last month, most of which was…
Nigerian Oil Output Falls 800,000 Barrels As Militants Step Up Attacks
Attacks on energy infrastructure continue to bombard the oil majors operating in the Niger Delta. The latest victim was Italian oil giant Eni, who told UPI in…
Will U.S. Shale Stage A Comeback As Oil Nears $50?
The casualty list in the oil and gas sector continues to climb. On Monday, unable to keep up with its mountain of debt, SandRidge Energy filed for…
Oklahoma Oil Industry About To Lose Tax Rebates
The Oklahoma Senate has suspended a tax incentive for the oil industry that’s likely to see a lot of small producers go under. Oklahoma is facing a budget…
China’s Oil Industry Is Faltering, Production Falls 5%
Low oil prices and spending cuts are cutting into China’s oil production, a little known source of output declines that are helping to balance the market. New data…
Why Jim Chanos is Shorting the Oil Majors
Famous short seller Jim Chanos is shorting oil majors Royal Dutch Shell Plc and Chevron Corp, according to Bloomberg. He is operating under the belief that the…
Falling Chinese Demand Could Intensify The Oil War
The Chinese slowdown did more than drag down its own economy, it singlehandedly created financial tremors throughout the global financial markets. With consistent growth rates well…
What Experts Miss When Discussing Peak Oil
For a long time, a common assumption has been that the world will eventually “run out” of oil and other non-renewable resources. Instead, we seem to…
As The U.S. Rig Count Continues To Plunge, Output Follows Suit
Baker Hughes published the latest oil rig count today—and although not surprising, the news that the oil rig count fell for the eighth straight week…
OPEC Is Dead, What’s Next?
OPEC is dead, Rosneft’s head Igor Sechin has told Reuters. In a fine example of stating the obvious – at least to those who have…
