 |
Louisiana Light • 4 days | 72.39 | +1.98 | +2.81% | ||
|
Bonny Light • 3 days | 75.19 | +1.17 | +1.58% | ||
|
Opec Basket • 4 days | 72.79 | -0.28 | -0.38% | ||
|
Mars US • 2 days | 71.39 | +1.89 | +2.72% | ||
|
Gasoline • 2 days | 2.501 | +0.065 | +2.65% |
|
Bonny Light • 3 days | 75.19 | +1.17 | +1.58% | ||
|
Girassol • 3 days | 77.03 | +1.40 | +1.85% | ||
|
Opec Basket • 4 days | 72.79 | -0.28 | -0.38% |
|
Peace Sour • 3 days | 64.35 | +2.01 | +3.22% | ||
|
Light Sour Blend • 3 days | 65.65 | +2.01 | +3.16% | ||
|
Syncrude Sweet Premium • 3 days | 74.60 | +2.01 | +2.77% | ||
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Central Alberta • 3 days | 63.95 | +2.01 | +3.25% |
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Eagle Ford • 4 days | 66.58 | +2.01 | +3.11% | ||
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Oklahoma Sweet • 4 days | 66.50 | +2.50 | +3.91% | ||
|
Kansas Common • 5 days | 58.25 | -1.50 | -2.51% | ||
|
Buena Vista • 13 days | 76.15 | -1.09 | -1.41% |
Breaking News:
Oil Moves Higher As EIA Reports Huge Crude Draw
Oil prices jumped on Wednesday…
Saudi-Russia Tensions Growing Ahead Of Key OPEC+ Meeting
Days ahead of the key…
Energy / Crude Oil
A Quick Quiz on US Oil Production
As a result of the hydraulic fracturing (fracking) revolution, US oil and natural gas production have been rising for several years. According to the Energy Information Administration (EIA), US oil…
Arab Countries Openly Discuss Peak Oil for the First Time
Reflections by Robert Hirsch on the Conference “Peak Oil: Challenges and Opportunities for the GCC Countries”.Held at Doha, Qatar on 2-4 April 2013. Posted with his generous permission.
Developed Nations have Already Passed Peak Oil Demand
We in the United States, the Euro-zone, and Japan are already past peak oil demand. Oil demand has to do with how much oil we can afford. Many of the…
Oil Market Forecast & Review 12th April 2013
June crude oil futures traded mixed last week as traders had to deal with conflicting signals. Technically, the market is oversold on a short-term basis which gives it a slight…
RUSSIA: Juggling Oil Tax Increases and Unconventional Incentives
Bottom Line: The Russian Finance Ministry’s proposed increase in extraction taxes of 5% for 2014-2016 is intended to raise money for building roads, but the tradeoff is a sweet incentive…
US Shale Industry Set for a Second Boom with Waterflood Technology
The cheapest and most profitable oil North America has ever seen is now “flooding” into the market, as producers once again use old technology to create a wave of new…
Using Microbes to Increase Oil Recovery from Old Wells
Technology using natural soil bacteria for enhanced oil recovery is now commercially available and poised to recover the crude oil remaining in thousands of exhausted oil wells.Brian Clement,…
Ageing Giant Oil Fields still Dominate World Oil Production
With all the talk about new oil discoveries around the world and new techniques for extracting oil in such places as North Dakota and Texas, it would be easy to…
Kurdish Crude Hits the International Market
The Baghdad-Erbil oil standoff will escalate as the Iraqi Kurds sell their first crude oil on the international market and as Austria’s OMV launches production at one of its wells…
Oil Exporters Must be Wary of Dependence on Oil Revenues
Recently, I explained how high oil prices can bring on financial collapse for oil importers. In this post, I’ll discuss the flip side of the situation: how oil exporters…
Are Canadian Oil Policies Misguided?
The provincial government in Alberta is mulling new rules that would require the oil industry to cut greenhouse gas emissions tied to oil sands production by as much as 40…
Oil Market Forecast & Review 5th April 2013
After posting a high last week at $97.80, May crude oil sold off sharply on the daily and weekly charts. The fundamental catalyst behind the move was an unexpected rise…
ANGOLA: 9th Offshore Oil Discovery Increases Resource Base
Bottom Line: Italy’s Eni SpA has made its 9th offshore discovery in Angola, setting up the West African country to become a regional energy hub. Analysis: Last week,…
COLOMBIA: Two New Oil Discoveries and Investor Incentives in the Works
Bottom Line: The Colombian president unveils plans to eliminate the 8.9% tax on natural gas and other potential initiatives such as free-market gas pricing that will increase investor optimism at…
Peak Oil is Dead! How Accurate have Past Predictions Been?
"Peak oil is dead," Rob Wile declared last week. Colin Sullivan says it has "gone the way of the Flat Earth Society", writing:Those behind the theory…
Lukoil Take a Pass on Arctic Energy Resources
A top exec at Russia’s second largest oil company — and the largest non-governmental driller — has no interest in taking a gamble on high-risk Arctic Ocean drilling.In…
Can OPEC Survive the Arab Spring?
U.S. oil production is putting a crimp on demand from OPEC suppliers, the cartel said in its monthly report for March. Saudi Arabia alone cut its output by around 700,000…
Have the Canadian Tar Sands had their Day?
Is Canada's tar sands expansion in trouble? Probably not, but the issue is complicated, so bear with me.Back on November 9, 2012 I wrote a post called
Lack of Transport Causes Short Term Problems for US Oil Industry
Oil is again climbing toward $100 a barrel and consumers are paying more than ever at the pump. Even natural gas prices have climbed off the mat, besting $4 per…
Is There Any Way to Win the Tar Sands Debate Given all These Spills?
Exxon Mobil dispatched more than 100 responders to a community in Arkansas to address a release from its Pegasus pipeline system. So far, the company said it has managed to…
