 |
Louisiana Light • 4 days | 72.37 | -1.54 | -2.08% | ||
|
Bonny Light • 3 days | 73.87 | -2.50 | -3.27% | ||
|
Opec Basket • 4 days | 75.88 | +1.13 | +1.51% | ||
|
Mars US • 3 days | 68.46 | -0.70 | -1.01% | ||
|
Gasoline • 13 mins | 2.615 | +0.026 | +1.02% |
|
Bonny Light • 3 days | 73.87 | -2.50 | -3.27% | ||
|
Girassol • 3 days | 74.31 | -2.28 | -2.98% | ||
|
Opec Basket • 4 days | 75.88 | +1.13 | +1.51% |
|
Peace Sour • 7 hours | 63.51 | -0.70 | -1.09% | ||
|
Light Sour Blend • 7 hours | 64.81 | -0.70 | -1.07% | ||
|
Syncrude Sweet Premium • 7 hours | 73.76 | -0.70 | -0.94% | ||
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Central Alberta • 7 hours | 63.11 | -0.70 | -1.10% |
|
Eagle Ford • 4 days | 66.44 | -0.94 | -1.40% | ||
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Oklahoma Sweet • 4 days | 66.50 | -1.25 | -1.85% | ||
|
Kansas Common • 26 days | 64.52 | +0.64 | +1.00% | ||
|
Buena Vista • 4 days | 76.62 | -0.94 | -1.21% |
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Energy / Crude Oil
EIA Inventory Reports: A Key Tool For Analyzing Energy Markets
The Energy Information Administration (EIA) is an independent agency within the U.S. Department of Energy that provides data and analysis on energy production, consumption, and prices. One of its most…
Oil Rebounds On Smaller Than Expected Crude Build
Crude oil prices gained slightly after the Energy Information Administration confirmed the API’s estimate of an inventory build for the week to February 25. Crude oil inventories added 1.2…
Oil Trade Is Moving Away From Europe
Oil is the largest commodity in the world, with the global crude oil market in 2022 estimated at $2.7 trillion. This trade is facilitated by both public and…
OPEC’s February Oil Production Jumped By 150,000 Bpd
OPEC’s crude oil production for February was, on average, 150,000 bpd more than it was in January, a Reuters survey found on Tuesday. OPEC’s February crude…
How U.S. Shale Changed The Face Of Global Politics
In the early 2000s, a revolution was unfolding in the energy industry. Technological advancements in horizontal drilling and hydraulic fracturing had unlocked vast reserves of oil and natural gas trapped…
BP Boss Defends Oil And Gas Spending
BP boss Bernard Looney today called for an “orderly” transition to renewable energy, which will require investment in both future green energy projects and “today’s energy system, which…
Record Profit Season Is Over For U.S. Shale
Record profits – that would be the best summary of the state of the global oil industry last year. From Big Oil majors to U.S. shale…
Suriname's Oil Boom May Not Materialize Until 2027
By late 2022 there were considerable concerns and doubts surrounding Suriname’s burgeoning offshore oil boom. Conflicting drilling results and seismic data saw 50% partners in Block 58…
Is The Price Cap On Russian Crude Working?
The price caps on Russian crude oil and refined products appear to be working, analysts and U.S. officials say. Russian crude is still flowing to the…
From Zero-Covid To Energy Demand Explosion: The Impact Of China’s Reopening
China has reopened its doors following its long zero-Covid policy. But now governments and energy firms around the world are waiting to see what this means both for the energy…
Venezuelan Oil Production Has Plummeted By 75% In Ten Years
According to the 2022 BP Statistical Review of World Energy, Venezuela has more proved oil reserves than any other country in the…
Iraq Announces String Of Deals To Boost Oil And Gas Output
Iraq has been saying it wants to produce more oil and gas for a while now but turning stated ambitions into reality has taken a while.
Pioneer CEO Sees $100 Oil By End Of Year
Brent crude oil will be around $100 per barrel by the end of the year, Pioneer CEO Scott Sheffield has predicted. Oil has been rangebound over the…
Why Is China Buying Up So Much U.S. Oil?
One of the most important bull thesis for crude in 2023 is that China, having permanently shelved its zero Covid policies, will unleash a global buying spree as…
The World’s Best Oil Reserves May Shrink Because Of Tight Emissions Rules
Oil demand this year could reach a record high, and there may not be enough oil to cover this demand for much longer. This seems to be the gist of…
Biden Thinks Oil Will Be Around For A Decade—It’ll Be Much Longer
The United States will need oil production for at least another decade, President Joe Biden said in his State of the Union address earlier this month.
China Wants Even Better Terms For Crucial Iran Oil Project
The ramping up of crude oil production from Iran’s extremely oil-rich West Karoun fields – including, most notably, North and South Azadegan, North and South Yaran, and Yadavaran - to…
Oil Rig Count Dips As WTI Falls To $75
The total number of total active drilling rigs in the United States fell by 1 this week, according to new data from Baker Hughes published on Friday. The total rig…
Azerbaijan Restarts Oil Exports As Demand In Europe Soars
Azerbaijan's crude oil exports through the Baku-Tbilisi-Ceyhan (BTC) oil pipeline restarted after a six-day halt due to the devastating earthquakes in southern Turkey…
China’s Crude Oil Imports Expected To Hit A Record High In 2023
The Chinese reopening and new refineries coming online are set to raise the crude oil imports in the world’s top importer to a record-high this year, industry consultants told
