 |
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 • 3 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 • 10 hours | 72.28 | +0.69 | +0.96% | ||
|
Light Sour Blend • 10 hours | 72.28 | +0.69 | +0.96% | ||
|
Syncrude Sweet Premium • 10 hours | 79.18 | +0.89 | +1.14% | ||
|
Central Alberta • 10 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% |
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The Oil Boom Will Only Last a Decade - Then What?
Oil is fundamentally a depletable resource – once a barrel is extracted from the ground and burned, it is gone. Nevertheless, world oil production has continued to increase steadily for…
Can Russia Maintain Current Oil Production Levels until 2020?
Uncertainty whether Russia can maintain its high level of oil production continues - 10.7 million b/d in 2012 to date on average. A new more benign tax regime that has…
Three Dilemmas Awaiting OPEC in the Future
OPEC faces a triple dilemma over the short, medium and long term, none of which have good outcomes for the cartel. The short term is simple; prices are likely to…
Internal Divisions could Burst Canada's Oil Bubble
Provincial leaders in energy-rich Canada are reviewing ways to send oil from Alberta province to eastern refineries in an effort to ensure energy independence. Most of the refineries in the…
A Look at the US Oil Boom - Without the Hype
[Editor's comment: This article is by Dr. Tad Patzek, chairman of the Department of Petroleum & Geosystems Engineering at The University of Texas at Austin. Dr. Patzek's research involves mathematical…
Does Oil Determine who Becomes President?
Was the most recent American election outcome determined by the presidential debates, changing demographics, voter views on issues, Hurricane Sandy (and the president's reaction to it) or voter turnout? Probably…
How Will US Shale Oil Change the Global Energy Market?
For the past five years, progress in extracting gas and oil from shale deposits has been revolutionizing the energy industry in the United States. Now, a new report…
After Being Offline Since 2011, South Sudan Oil to Flow Again
On 14 November, South Sudan President Salva Kiir declared during a meeting he held in Juba with visiting Kenyan deputy Prime Minister Uhuru Kenyatta that his country's oil production will…
How Will Oil Production Impact the Economy Over the Coming Decade
A paper published recently by the IMF gives us some insight into how oil prices and availability might affect the global economy in the next decade. The paper, entitled Oil…
"Weak Demand" Does Little to Deter Keystone XL Support
The American Petroleum Institute reported that October demand for petroleum products was at its lowest level for any October in 17 years. John Felmy, the group's chief economist, said demand…
IEA Manipulates Stats to Predict Unrealistically High Oil Forecasts
The International Energy Agency (IEA) provides unrealistically high oil forecasts in its new 2012 World Energy Outlook (WEO). It claims, among other things, that the United States will become…
PR at its Worst: IEA Spins Oil Stats to Make US Top 'Oil' Producer
I’ve said it before, but it needs to be said again: The US is not overtaking Saudi Arabia as the world’s largest producer of oil. Here’s what everyone needs to…
Big Oil Cries Foul Over Anti-corruption Efforts
A U.S. financial regulator dismissed a challenge from groups advocating on behalf of the petroleum industry who said transparency rules regarding payments made to foreign governments put them at a…
IMF: Do we Have a Peak Oil Problem?
Does the International Monetary Fund (IMF) believe we have a peak oil problem? The precise answer is that the IMF is currently studying how constraints in world oil…
Oil is too Precious to be Used as Transportation Fuel
An oil executive once observed that burning oil for energy is like burning Picassos for heat. Oil is extraordinarily valuable as the basis for so many products…
Nigeria, Africa's Leading Petro-State, Quelling Islamic Insurgency?
Nigeria is Africa’s leading petro-state, currently exporting just over two millions barrels per day (bpd).But the massive corruption associated with the overwhelming influx of oil revenues has produced…
Putin Plays Down Russia's Deadly Dependence on Oil & Gas Revenues
How dependent on oil & gas revenues is Russia's federal budget? Vladimir Putin recently claimed that his government is only 50% dependent on oil & gas revenues:President Vladimir…
The US is Not Even Close to Being the Next Saudi Arabia
There has been a little stir in the news on Energy lately, as folks have begun to extrapolate the growth in American oil and gas production to the point that…
Putin Strengthens his Grip on World Energy with TNK-BP Deal
Exxon Mobil is no longer the world's number-one oil producer. As of yesterday, that title belongs to Putin Oil Corp – oh, whoops. I mean the title belongs to Rosneft,…
Why Shale Oil Will Never be a Game Changer
The impact of unconventional fuels like shale oil on the global energy system is still an issue of great uncertainty. Not so much because of the size of the tank…
