 |
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 • 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:
Physical Oil Market Hints at Potential Upswing
Oil prices could break to…
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Despite Huge Resources Only a Small Amount of Oil is Recoverable
The world holds a huge amount of oil resources. Besides liquid oil, there is very heavy oil in various forms. There is also liquid oil trapped in oil shale, oil…
Oil Supply Disruptions in The Middle East Now Becoming Evident
The impacts of the disruptions in the Middle East are now starting to become evident as supplies no longer flow into the delivery pipelines that carry fuel from countries such…
America’s Role in the Global Oil Market
It's pretty easy to sum up America's role in the global market for oil: We need it, they got it. Here are the numbers, via the U.S. Energy Information Administration…
Investors Jumping On-Board the Colombian Oil Bandwagon
Carlos Slim announced in early February that he would increase his investments in Colombia, particularly in the oil sector. This week he backed up his statement by having his Grupo…
Forget Libya, The Smart Money is Eyeing Developments in Saudi Arabia
The smart money has their eyes on Saudi Arabia. Will the protests there turn ugly?All the drama seen on the streets, from the unnecessary deaths to Muammar Gadhafi’s rhetoric…
Libya's Role in World Oil Production, Past and Future
Libya is a relatively new country, having declared independence in 1951. For the last 39 years, the country has been ruled by a single man, Colonel Muammar al-Gaddafi. Over the…
Why a Stable Libya is So Important to OPEC and World Oil Production
We keep hearing about unrest in the Middle East and Northern Africa, with Libya being the latest country to get top billing. Why all of the concern, especially related to…
The Resurrection of Peak Oil
It has been a long wait for “peak oilers,” whose passionate belief is that the world will run out of oil in coming years, sending prices through the roof. This…
Realignment in Oil Pricing Could Dramatically Effect Energy Stocks
The historic disconnect between West Texas Intermediate, the global oil benchmark traded at the Chicago Mercantile Exchange(CME), and Brent crude oil, the relative "upstart" traded at the IntercontinentalExchange(ICE), is more,…
A Look at Oil Shale
Oil shale, which is an organic-rich fine-grained sedimentary rock, contains significant amounts of kerogen (a solid mixture of organic chemical compounds) from which liquid hydrocarbons can be extracted. Kerogen requires…
Peak Oil is Not a Future Event – Saudi Arabia’s Overstated Reserves Help Prove This
A lot of noise is being made about Wikileaks info that says the US thinks the Saudi’s are overstating their Proven Reserves by about 40%. This isn’t news. It has…
Is shale Oil the Answer to Peak Oil?
Readers have been asking questions about a couple of shale oil articles recently. One is an AP article called New drilling method opens vast oil fields in US. A…
Was Last Week Really a Game Changer for the Oil Industry?
This past week was supposedly the week of the game changer in the world of oil. Leaked U.S. diplomatic cables from Saudi Arabia called into question the ability of the…
Peak Oil: Low Quality is What is Killing Us, Not Low Quantity
The Peak Oil argument focuses on the question “How much oil?” We spend a lot of time discussing the exact inputs for Hubbert Linearization and projections of Ultimate Recoverable Reserves,…
Oil Production Rising Once Again in North America
"Peak oil in North America is likely not to be peak" given $90 per barrel prices and new technology that makes it easier to recover oil, he [Peter Tertzakian] said.…
Tullow Oil Makes New Discovery off Ghana
Tullow Oil (LON:TLW) , the FTSE 100 oil and gas giant has made a new hydrocarbon discovery with the first well on its 2011 multi-well exploration campaign in the West…
How is an oil shortage like a missing cup of flour?
If I bake a batch of cookies and the recipe calls for two cups of flour, but I have only one, it is pretty clear that I can’t bake a…
Alternative Energy, Fossil Fuels and the Importance of Middle East Oil
Below are a series of charts that take a look at the current situation of alternative energy, oil and other fossil fuels and the importance of Middle Eastern Oil Supplies:…
Is Peak Oil Slipping Backwards to the Year 2060 and Beyond?
“The estimates for how much oil there is in the world continue to increase,” according to William M Colton, Exxon Mobil’s vice president for corporate strategic planning. “There’s enough oil…
Exxon’s Hunt for Oil in the Black Sea
The quest for oil is an ever on going saga of the modern age. US-based ExxonMobil, the biggest privately-controlled oil company in the world, will make a new investment in…
