 |
Louisiana Light • 2 days | 86.60 | -0.08 | -0.09% | ||
|
Bonny Light • 1 day | 88.69 | -0.04 | -0.05% | ||
|
Opec Basket • 2 days | 87.35 | -2.29 | -2.55% | ||
|
Mars US • 169 days | 77.67 | -1.57 | -1.98% | ||
|
Gasoline • 15 hours | 2.710 | -0.003 | -0.13% |
|
Bonny Light • 1 day | 88.69 | -0.04 | -0.05% | ||
|
Girassol • 1 day | 89.20 | -0.10 | -0.11% | ||
|
Opec Basket • 2 days | 87.35 | -2.29 | -2.55% |
|
Peace Sour • 22 hours | 75.30 | -0.05 | -0.07% | ||
|
Light Sour Blend • 22 hours | 78.35 | -0.05 | -0.06% | ||
|
Syncrude Sweet Premium • 22 hours | 85.30 | -0.05 | -0.06% | ||
|
Central Alberta • 22 hours | 75.70 | -0.05 | -0.07% |
|
Eagle Ford • 2 days | 79.21 | +0.04 | +0.05% | ||
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Oklahoma Sweet • 2 days | 79.25 | +0.00 | +0.00% | ||
|
Kansas Common • 3 days | 73.00 | -2.50 | -3.31% | ||
|
Buena Vista • 3 days | 86.86 | -2.40 | -2.69% |
U.S. Crude Production To Decline In 2024 As Shale Activity Stalls
Analysts from Standard Chartered have…
Oil Fund Withdrawals Suggest Extended Price Rally
Investors are ditching the oil…
Energy / Crude Oil
Middle Eastern Oil Companies To Capitalize On Oil Bust
The oil and gas business is moving into a new age for financing. With groups like private equity becoming more prominent (just this week, PE-backed Terra…
The Hidden Agenda Behind Saudi Arabia’s Market Share Strategy
Do the Saudis have an oil market strategy beyond pumping crude to defend their market share? Are they indifferent to which countries’ oil industries survive? Or,…
OPEC Will Not Blink First
An OPEC production cut is unlikely until U.S. production declines by about another million barrels per day (mmbpd). OPEC won’t cut because it would accomplish nothing…
U.S. Rig Count In Free Fall: Plunges By 48 In One Week
The U.S. rig count plunged this week, as the deleterious effects of the deeper fall in oil prices since December start to be felt. According to…
Global Oil Production On Pause, But Decline Seems Imminent
One hundred and seventy-six years after the birth of John Boyd Dunlop, and the crude complex is coming under pressure again. It is Nonfarm Friday, which means that the market…
Non OPEC Oil Production To Collapse In 2016
The IEA Oil Market Report, full issue, is now available to the public. Some interesting observations: Non-OPEC oil supplies are sharply lower in December. Overall…
Why U.S. Shale Is Not Capitulating Yet
One of the great unknowns facing the U.S. shale industry, and threatening the recurring rumors of its imminent demise, is how it is possible that despite…
Oil Majors Converging Here Could Mean A New Hotspot
Even with oil at $30, the petroleum industry continues to see a few bright spots. Particularly when it comes to offshore activity — such as…
Japan And Iran Could Keep a Lid On Oil Price Rally
Last week West Texas Intermediate rallied 4.62 percent and was up for the second week in a row. It is important to note that the price…
BP Reports Huge Loss As Oil Slump Lingers On
The fourth quarter is shaping up to be one of the most painful in recent memory for the oil and gas industry. BP is the…
This Could Be A Big Setback For Iran’s Oil Export Plans
Short but potentially very important note for the oil market over the weekend. From a place that’s been one of the major focus points for the…
Rig Count Update: Moment of Truth for the Permian Basin?
The U.S. land rig count fell 17 to 590 and the horizontal land rig count fell 13 to 487. Horizontal Land Rig Count Update This week, the Permian basin horizontal…
Is China The Big Sponge That Absorbs The Oil Glut?
Discerning market pessimism from fundamental-based movements can be difficult, especially with all the moving oil has done in the last year plus. And to be sure,…
LukOil Back In Iran As Russia’s Output Faces Decline
Russia’s LukOil may have dropped some of its other new exploration projects as sliding oil prices curtail spending, but the specter of declining Russian crude…
Is Eagle Ford Making A Comeback?
In today’s gloomy oil-price news cycle, it’s sometimes easy to overlook the fact that if not for the advent of hydraulic fracturing coupled with horizontal drilling…
Continental Resources 2016 Guidance & Oil Price Impact
Continental Resources (CLR) announced its 2016 guidance on January 26 (excerpts below). Essentially it confirms our theory of the new normal of seeking free cash…
Russian-OPEC Production Cut Remains A Long Shot
The rumors of a coordinated production cut between OPEC and Russia continue to grow more serious. The latest comes from the Russian energy minister Alexander Novak,…
9 Billion Barrels Of Crude At Risk In Massive Nigerian Oil Shakeup
Supermajors Shell and Italian Eni could be facing the loss of one of the biggest offshore oil exploration blocks in Nigeria, putting an estimated 9 billion…
Is A Russian, OPEC Production Cut In The Making?
The head of OPEC called on oil producers around the world to work together to address the current state of oversupply. “It is vital the market…
Saudi Aramco Chairman Talks Oil Down
The sharp rally in oil prices at the end of last week came to an abrupt halt on Monday, with WTI and Brent both trading down…
