 |
Louisiana Light • 2 days | 83.76 | +0.29 | +0.35% | ||
|
Bonny Light • 22 hours | 84.11 | -0.31 | -0.37% | ||
|
Opec Basket • 2 days | 84.30 | +0.70 | +0.84% | ||
|
Mars US • 189 days | 77.26 | -1.51 | -1.92% | ||
|
Gasoline • 6 hours | 2.500 | -0.042 | -1.66% |
|
Bonny Light • 22 hours | 84.11 | -0.31 | -0.37% | ||
|
Girassol • 22 hours | 85.07 | -0.23 | -0.27% | ||
|
Opec Basket • 2 days | 84.30 | +0.70 | +0.84% |
|
Peace Sour • 21 hours | 72.46 | +0.27 | +0.37% | ||
|
Light Sour Blend • 21 hours | 75.51 | +0.27 | +0.36% | ||
|
Syncrude Sweet Premium • 21 hours | 82.46 | +0.27 | +0.33% | ||
|
Central Alberta • 21 hours | 72.86 | +0.27 | +0.37% |
|
Eagle Ford • 2 days | 75.74 | +0.27 | +0.36% | ||
|
Oklahoma Sweet • 2 days | 75.75 | +0.25 | +0.33% | ||
|
Kansas Common • 2 days | 69.50 | +0.25 | +0.36% | ||
|
Buena Vista • 2 days | 83.77 | +0.27 | +0.32% |
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U.S. Oil Rig Count Declining Again After Single-Week Reprieve
The oil rig count fell again this week from 318 to 316 after last week’s slight reprieve, coming in at the lowest at any point in time since…
Why Chevron Is Investing $37B In The World’s ‘’Most Difficult Oil’’
I wrote Wednesday about Australia’s Oil Search making a major $2.2 billion investment in Papua New Guinea natural gas. Noting this as a sign the right projects…
Why Canada’s Oil Sand Producers Will Recover Quickly From The Wildfires
Canada’s oil sands producers in the Fort McMurray region are watching the weather to determine if and when they can move the necessary people back to their operations…
Why The Bust For Offshore Drillers Might Last Another 2 Years
Statoil cancelled a contract for a drillship with Seadrill, which it had intended to use for drilling operations in the Atlantic, near Newfoundland. The cancellation is the…
Niger Delta Militants Take Entire Chevron Terminal Offline
According to Nigerian media, militants used explosives to blow up the Escravos terminals main electricity feed pipeline, rendering the terminal inoperable. Reuters has also reported that it has…
Would Regulated Oil Prices, Argentine-Style, Help U.S. Shale?
U.S. shale oil companies are filing for bankruptcy at an alarming rate, whereas, their counterparts in Argentina are having a gala time. When the U.S. shale oil drillers…
Why Did Saudi Arabia Kill OPEC?
The OPEC meeting is only a week away, but the chances of a positive result are as remote as ever. Rising oil prices, the heightened rivalry between Saudi…
2015 Worst Year For Oil Discoveries Since 1952
A report by Rystad Energy has revealed that new oil discoveries in 2015 totaled 12.1 billion barrels, which is the least amount of new oil discovered in…
Bakken Oil Patch At Risk Over Pipeline Lawsuits
One of the key factors in the survival of the Bakken oil patch in the future will be affordable transportation options. Bakken producers receive lower realized prices for…
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…
