 |
Louisiana Light • 2 days | 81.18 | +0.12 | +0.15% | ||
|
Bonny Light • 29 days | 86.00 | -0.62 | -0.72% | ||
|
Opec Basket • 2 days | 81.37 | -0.08 | -0.10% | ||
|
Mars US • 266 days | 75.97 | -1.40 | -1.81% | ||
|
Gasoline • 4 hours | 2.461 | -0.007 | -0.29% |
|
Bonny Light • 29 days | 86.00 | -0.62 | -0.72% | ||
|
Girassol • 29 days | 87.27 | -0.38 | -0.43% | ||
|
Opec Basket • 2 days | 81.37 | -0.08 | -0.10% |
|
Peace Sour • 11 hours | 72.28 | +0.69 | +0.96% | ||
|
Light Sour Blend • 11 hours | 72.28 | +0.69 | +0.96% | ||
|
Syncrude Sweet Premium • 11 hours | 79.18 | +0.89 | +1.14% | ||
|
Central Alberta • 11 hours | 72.28 | +0.69 | +0.96% |
|
Eagle Ford • 3 days | 74.07 | +0.63 | +0.86% | ||
|
Oklahoma Sweet • 2 days | 75.00 | +2.00 | +2.74% | ||
|
Kansas Common • 3 days | 67.75 | +0.50 | +0.74% | ||
|
Buena Vista • 4 days | 83.27 | -2.82 | -3.28% |
Breaking News:
Oil Moves Higher on Crude, Fuel Inventory Draw
Crude oil prices ticked higher…
Banks Still Play a Major Role in Oil and Gas Funding
Major banks continue to finance…
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Ohio Governor Hoping To Amend “Outrageous” Drilling Tax
With U.S. midterm elections just days away, one Republican state governor is coasting to re-election despite promising to aggressively push for higher taxes on the oil and gas industry.
US Shale Winners And Losers
US Shale Winners And LosersThis column starts my series on $80 oil and US shale winners and losers. My working thesis is that although oil’s drop…
China Filling Strategic Reserve With Cheap Oil
With oil prices at new modern lows, China is seizing the opportunity to stock up.The Wall Street Journal reports that a division of China National Petroleum Corporation (CNPC)…
Shell Needs Five More Years In The Arctic
The damaged Royal Shell Dutch drilling barge Kulluk is loaded onto a transport ship in Unalaska, Alaska, on March 19, 2013.CREDIT:…
Four More Years Of Pain For Petrobras
Brazil’s incumbent President Dilma Rousseff pulled off a victory on Oct. 26 in a runoff election, and the markets are not too happy about it. As recently…
OPEC & Russia’s Vulnerability and America’s Ingenuity
Through iteration, experience, and innovation, North America is producing oil cheaper. According to IHS, the median North American shale needs a crude price of $57 a barrel to break even…
Saudi Arabia: Producing More Crude, Selling Less?
Media reports are quoting an anonymous source as saying Saudi Arabia, the world’s leading oil exporter, supplied foreign and domestic customers with less crude during September even though its oil…
How Wall Street Is Killing Big Oil
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Statoil Hits North Sea Oil Bonanza In Abandoned Field
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Drowning In Oil Again
For 4 years now the oil price (Brent) has been range bound between $90 and $130 per barrel (Figure 2). This is where it settled after the convulsions of the…
How Oil Platforms Increase Fish Populations
Oil platforms off the coast of Southern California create a fertile breeding ground for fish, producing 10 times more fish weight than conventional marine habitats and 27 times more when…
2014 May Be A Crucial Year For Iranian Oil
On September 29, representatives from the five Caspian littoral states (Azerbaijan, Iran, Kazakhstan, Russia, and Turkmenistan) convened in Astrakhan, Russia for a fourth…
World’s Most Expensive Oil Project Just Got More Costly
Just as oil prices hit multiyear lows, several oil majors announced some more terrible news. The Kashagan oil field – the world’s most expensive oil project – will…
How Long Can U.S. Production Survive Low Oil Prices?
For the last 3 years, European Brent has mostly traded in a range of $100-$120 with West Texas intermediate selling at a $5 to $20 discount. But in September Brent…
Why Appearances Can Be Deceiving In European Oil Markets
When markets in general or particular sectors come under pressure, those of us of a contrarian bent start looking around for bargains. Oil company stocks and European stocks have both…
Why Peak Oil Predictions Haven’t Come To Pass
On Monday, September 29, the Wall Street Journal (WSJ) published a story called “Why Peak Oil Predictions Haven’t Come True.” The story is written as if there are only…
Russian Shale Boom Unlikely As Sanctions Force Another Company Out
First, it was the U.S. company ExxonMobil. Then, France’s Total. Now western sanctions against Russia have led Royal Dutch Shell to discontinue its work with Gazprom Neft extracting shale oil…
When Needs Must: EC Greenlights Canadian Oil Sands Imports
Canada’s oil sands have long had a problem: They not only emit greenhouse gases when they’re burned as fuel, but they also require resource-intensive scouring when they’re produced.But…
Petrobras May Get Political Respite Finally
Over the last few years, stock in the Brazilian state-controlled oil company Petroleo Brasileiro S.A., or Petrobras (PBR), has confounded those who track traditional measures of valuation. The stock has…
Exxon Chief Says U.S. Oil Export Ban No Longer Necessary
Rex Tillerson, ExxonMobil’s CEO, says the ban on exports of U.S. crude oil that’s been in effect for decades is no longer necessary and a lifting of regulatory constraints on…
