 |
Louisiana Light • 2 days | 86.60 | -0.08 | -0.09% | ||
|
Bonny Light • 19 hours | 88.69 | -0.04 | -0.05% | ||
|
Opec Basket • 2 days | 87.35 | -2.29 | -2.55% | ||
|
Mars US • 168 days | 77.67 | -1.57 | -1.98% | ||
|
Gasoline • 3 hours | 2.710 | -0.003 | -0.13% |
|
Bonny Light • 19 hours | 88.69 | -0.04 | -0.05% | ||
|
Girassol • 19 hours | 89.20 | -0.10 | -0.11% | ||
|
Opec Basket • 2 days | 87.35 | -2.29 | -2.55% |
|
Peace Sour • 10 hours | 75.30 | -0.05 | -0.07% | ||
|
Light Sour Blend • 10 hours | 78.35 | -0.05 | -0.06% | ||
|
Syncrude Sweet Premium • 10 hours | 85.30 | -0.05 | -0.06% | ||
|
Central Alberta • 10 hours | 75.70 | -0.05 | -0.07% |
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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% |
Nigeria To Launch Crude Trading at its Commodity Exchange
Africa’s biggest oil producer, Nigeria,…
Institutional Investors Double Down On Oil Despite Divestment Pledges
A new study reveals that…
Energy / Crude Oil
A Company that Stands to do Well from the Collapsing WTI-Brent Spread
Another week away from my usual trading desk in New York does lead to a different and useful perspective on energy events without concentrating on the minute movements on my…
Oil Market Forecast & Review 10th May 2013
Late breaking news on Thursday may have signaled the top in July crude oil as traders reacted with aggressive selling pressure. The move was triggered by comments from Fed Bank…
Middle East Oil Markets Contracting
The Iraqi and Libyan governments said they would help Egypt cope with its economic crisis by offering up crude oil exports. The Egyptian government of President Mohamed Morsi is trying…
Don’t Count your Chickens or your Oil Wells Before they Hatch
If one is to believe the hype and the optimism going around Lebanon these days, one would think that every Lebanese citizen, or at least those residing in Lebanon, is…
OPEC Falling Apart at the Seams
Growing security risks in the Middle East are giving oil companies the jitters. French supermajor Total said recently that it was spending more on security since the January attack on…
A Big Boost for U.S. Oil Reserves
The United States Geological Survey (USGS) released the newest oil and gas resource assessment of the Williston Basin for the Bakken Formation in North Dakota and Montana. The new…
Taking Advantage of the Crude by Rail Trend
We all like straight recommendations to buy stock, but sometimes just staying away from a sector is a very good call. This year, it’s been tough in the energy patch,…
Canada’s Oil Sands Threatened by Lack of Market
ExxonMobil has announced the start of production at the Kearl oil sands project in Alberta, Canada, which holds up to 4.6 billion barrels of oil equivalent that the company intends…
Saudis Dare U.S. to Play Oil Ball
The latest assessment of the estimated oil reserves in the Bakken and Three Forks formation in the northern U.S. plains states was about twice as much as previously thought. Those…
Can the Oil Boom Cross the Rio Grande?
A U.S. circuit court of appeals last week told the oil industry it couldn't pursue a case on disclosure rules at the appellate level. President Barack Obama's government has supported…
Oil Market Forecast & Review 26th April 2013
June crude oil surged on the daily and weekly charts, regaining a key support line and setting up the market for further upside action. Before getting too excited, however, keep…
“Peak Rail” – Has the Crude Shipping Train Left the Station?
Some call it the “holy rail.”In Alberta Canada, an estimated 120,000 barrels of oil per day are shipped out by train to the U.S. east coast and Gulf…
Statoil Eyes “Considerable” North Sea Discovery
Norway’s Statoil (STO) is sitting on a new discovery in the North Sea that could contain between 40 million and 150 million recoverable barrels of oil equivalent, the company said…
Saudi Arabia’s Diminishing Influence in the Oil Market
For three decades or so, Saudi Arabia has wielded considerable influence on the global oil market. The kingdom's status as the world's only "swing producer" has given it the unparalleled…
Peak Oil: An Issue of Economics not Geology
We have all heard the story about oil supply supposedly rising and falling for geological reasons. But what if the story is a little different from this–oil production rises and…
Oil Market Forecast & Review 19th April 2013
Last week’s technical report suggested that June crude oil was poised for a volatile move because of the triangle chart pattern formation it had formed. Although the chart pattern indicated…
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…
