 |
Louisiana Light • 2 days | 86.68 | -2.47 | -2.77% | ||
|
Bonny Light • 2 days | 90.37 | -1.56 | -1.70% | ||
|
Opec Basket • 2 days | 89.64 | -0.54 | -0.60% | ||
|
Mars US • 167 days | 77.67 | -1.57 | -1.98% | ||
|
Gasoline • 10 mins | 2.707 | -0.022 | -0.80% |
|
Bonny Light • 2 days | 90.37 | -1.56 | -1.70% | ||
|
Girassol • 2 days | 90.93 | -1.38 | -1.49% | ||
|
Opec Basket • 2 days | 89.64 | -0.54 | -0.60% |
|
Peace Sour • 4 hours | 75.35 | -2.68 | -3.43% | ||
|
Light Sour Blend • 4 hours | 78.40 | -2.68 | -3.31% | ||
|
Syncrude Sweet Premium • 4 hours | 85.35 | -2.68 | -3.04% | ||
|
Central Alberta • 4 hours | 75.75 | -2.68 | -3.42% |
|
Eagle Ford • 2 days | 79.17 | -2.67 | -3.26% | ||
|
Oklahoma Sweet • 2 days | 79.25 | -2.50 | -3.06% | ||
|
Kansas Common • 3 days | 75.50 | -0.25 | -0.33% | ||
|
Buena Vista • 7 days | 89.36 | +0.64 | +0.72% |
Breaking News:
Javier Blas: 10 Things Oil Traders Need to Know About Iran's Attack on Israel
Javier Blas analyzes the impact…
U.S. Crude Production To Decline In 2024 As Shale Activity Stalls
Analysts from Standard Chartered have…
Energy / Crude Oil
EIA Oil Production Numbers Show Global Slowdown
The EIA has recently published their International Energy Statistics. Their stats include all liquids such as NGLs, biofuels and even refinery process gain. But I only track actual oil.…
Oil Price Tumbles After OPEC Releases 2015 Forecast
The demand for oil in 2015 will drop to its lowest level since 2002 because of an oversupply of crude and stagnant economies in China and Europe, according to OPEC’s…
US Supreme Court Rejects BP Appeal
Four years later, it is clear BP gravely miscalculated the magnitude of their mistake. On Monday, the United States Supreme Court rejected BP’s settlement appeal regarding 2010’s Deepwater Horizon…
World Proved Oil Reserves Data A Work Of Fiction
The EIA publishes Annually a list of World Proved Reserves of Crude Oil. Though all charts in this post use the EIA data, BP, the IEA and virtually every…
The OPEC Conundrum: Expect Production Cuts Before June 2015
When OPEC met on 27th November they decided to leave production unchanged and to not meet again until June 2015. This at a time of volatility in oil markets and…
Norway’s Oil Decline Accelerating
New oil projects are being scrapped in Norway amid falling production and low oil prices. Long held up as the model for managing oil abundance, Norway has painstakingly sought to…
Signs Of Peak Oil Starting To Emerge
What caused the recent crash in the oil price from $110 (Brent) in July to $70 today and what is going to happen next? With the world producing 94 Mbpd…
The Technical Trend Is Down But Is A Turnaround Coming Soon?
Last week, OPEC triggered a sell-off in January Crude Oil when it decided to refrain from making a production cut. The almost 10% break in prices was triggered by sell…
Global Drilling Slowdown On The Way
Baker Hughes rig count statistics show how drilling reacted to earlier falls in the oil price. There is always a time lag of months between an oil price event…
Is The Arctic Dream Dead?
The Arctic offshore will be drilled; it’s only a matter of time. However, the dream to have commercially viable production in the immediate future may very well be dead. Continually…
Will OPEC’s Decision Lead To The End Of The American Shale Dream?
To paraphrase Mark Twain: Rumors of OPEC's demise have been greatly exaggerated. Breathless coverage of the rise in U.S. oil production in the last few years has led some to…
Which Oil Producing Region Loses the Most From Low Prices?
After OPEC’s decision not to adjust its production quota, oil prices dropped to their lowest levels since 2009. Oil executives across the world were surely hoping for a different outcome…
The Oil Glut And An Inevtiable Oil Price Rebound
The world is awash in oil, I’m hearing. The problem is, it’s fairly expensive oil. Take for example Canada. The country that has managed to increase…
Did Peak Oil Arrive in 2014?
The recent price crash in crude oil, if it lasts for any length of time, will certainly affect oil production. The question is, just how great an effect will it…
Big Oil Going Big In The Gulf Of Mexico
The oil industry is betting big on the Gulf of Mexico with both costs and production rising as a result. The Gulf has seen a bit of a resurgence in…
Something Doesn’t Add Up In Bakken Production Figures
The US Petroleum Supply Monthly just came out with production data for every state and territory. US supply was up 168,000 bpd to 8,864,000 bpd in September. The biggest…
Bakken Sweet Spots Are Petering Out
The Bakken, as well as other shale oil areas, is not one homogeneous area where equal amounts of oil can be found. David Hughes in DRILLING DEEPER puts it…
A Truce In The Holy Oil War?
Could this be the first step in defeating the Islamic State? In an unexpected move Sunday, Saudi Arabia, the United Arab Emirates and Bahrain agreed to return their ambassadors to…
The 2014 Oil Price Crash Explained
In February 2009 Phil Hart published on The Oil Drum a simple supply demand model that explained then the action in the oil price. In this post I…
Russia Might Be Forced To Cut Oil Production
Russian Energy Minister Alexander Novak says Moscow is considering a possible cutback in oil production to help end the drop in prices, but there appears to be little it can…
