 |
Louisiana Light • 3 days | 90.66 | -1.96 | -2.12% | ||
|
Bonny Light • 2 days | 94.49 | +0.54 | +0.57% | ||
|
Opec Basket • 2 days | 93.56 | -1.43 | -1.51% | ||
|
Mars US • 2 hours | 82.37 | -5.01 | -5.73% | ||
|
Gasoline • 15 mins | 2.198 | +0.000 | +0.02% |
|
Bonny Light • 2 days | 94.49 | +0.54 | +0.57% | ||
|
Girassol • 2 days | 95.40 | +0.27 | +0.28% | ||
|
Opec Basket • 2 days | 93.56 | -1.43 | -1.51% |
|
Peace Sour • 11 hours | 82.98 | +0.41 | +0.50% | ||
|
Light Sour Blend • 11 hours | 85.13 | +0.41 | +0.48% | ||
|
Syncrude Sweet Premium • 11 hours | 92.23 | +0.41 | +0.45% | ||
|
Central Alberta • 11 hours | 83.38 | +0.41 | +0.49% |
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Eagle Ford • 2 days | 85.71 | +0.41 | +0.48% | ||
|
Oklahoma Sweet • 2 days | 85.75 | +0.50 | +0.59% | ||
|
Kansas Common • 8 days | 84.00 | +3.25 | +4.02% | ||
|
Buena Vista • 8 days | 98.88 | +2.54 | +2.64% |
Oil Traders Overstretch Futures Market
Traders have placed so many…
Will We See $100 Oil In October?
A stronger U.S. dollar and…
Energy / Crude Oil
Ukraine: Unexpected Oil Find, Major Gas Interest
Bottom Line: We see a flurry of activity in Ukraine, with a $735 million Black Sea commitment by Exxon, an unexpected 100 million barrel oil find in the Poltava region…
Waiting on Kenyan Oil, the Market Grows Impatient
It’s been well over a year now since London-listed Tullow Oil struck it big in Kenya, making the country’s first massive oil discovery that set the stage for Kenya to…
Australia – Next Petro Superstate?
Australia’s massive mineral exports allowed it to weather the global recession, which began in 2008, quite nicely.The U.S. government’s Energy Information Administration noted in its country’s analysis…
Will Central Asia Replace the Middle East as Prime Oil Source?
One of the prime reasons why the Middle East holds such importance to the West is partiality because it is the main supplier of oil and natural gas to countries…
Why are Oil Inventories Down if Production is Increasing and Demand is Falling?
The 20 Million Drawdown in a sluggish economyThe last two weeks oil inventories fell by a record 20 million barrels, this event has never happened in 30 years…
Is it Time to Stop Worrying about Peak Oil?
Demand for oil will reach its own peak and decline before humans deplete the Earth’s supply of oil, experts say.“Peak oil” prognosticators have painted pictures of everything from…
British North Sea Oil Decline Opens Window for Smaller Producers
British oil production from its offshore North Sea oil fields began in 1975, alongside Norway.The two countries pursued very different policies as regards investing the cash windfall –…
Oil May Determine South Sudan's Future
Oil exports from South Sudan are expected to gain steam in the coming months. The country last week celebrated its second anniversary as an independent country and only recently resumed…
Is Canada's Oil Charm Offensive Yesterday's News?
Canadian oil production is expected to be in a boom cycle for the next 20 years or so, fed largely by oil sands production in Alberta. Smaller players in the…
West-East Bitumen Pipeline in Canada Gets Boost
This week the province of Alberta signed a memorandum of understanding to pay up to $5 billion in tolls for transportation of its crude oil to eastern Canada. What is…
China’s Oil Demand Set to Fall as Environment Finally comes before Economy
This spring, I spent three weeks traveling around China and needless to say, I, along with every other visitor, was impressed by the economic progress the Chinese have made in…
For Better or Worse, Big Oil has Big U.S. Future
Oil major Shell announced it drilled into a discovery in the Gulf of Mexico that is estimated to hold as much as 100 million barrels of oil equivalent. Shell made…
Why Oil Will Stay Strong for Some Time to Come
Egypt is the big topic on oil trader’s minds this week but it really shouldn’t be. Although it’s been tapped as the reason WTI oil has drifted above $100 a…
Why Deflation will Cause Oil Production to Slow
A question that seems to come up quite often is, “Are we going to have inflation or deflation?” People want to figure out how to invest. Because of this, they…
Oil Market Forecast & Review 28th June 2013
August crude oil futures bucked the trend in many commodities to post a strong close for the week. The market was buoyed by signs of an improving economy and comments…
Oil is the New Gold
As I write this on Thursday morning, Gold is in a virtual freefall, dropping below $1400 an ounce for the first time in two years – Ben Bernanke’s statements at…
Did Global Oil Consumption Slow in 2012?
I hate the phrase “Innocent until proven guilty.” When serial killer Ted Bundy killed his first victim, he wasn’t innocent just because a court had yet to convict him. The…
Chinese Scientists Discover New Method to Increase Recoverable Oil from Wells
Chinese scientists have already succeeded in recovering a sensational 15% of the residual oil in their test reservoir when they formed a collaboration with the Centre for Integrated Petroleum…
Brazil’s Giant Libra Field could Produce One Million Barrels a Day
Magda Chambriard, the head of the National Petroleum Agency, has said that Brazil’s giant oil prospect, the Libra field, which holds an estimated 15 billion barrels of oil, could easily…
Exxon’s Bakken Expansion is Rewarded as USGS Doubles Reserves Estimate
The U.S. Geological Survey (USGS) recently released an updated oil and gas resource estimate on the Bakken formation, which covers parts of Montana, North Dakota and Saskatchewan.Unlike the…
