 |
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 • 2 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 • 9 hours | 72.28 | +0.69 | +0.96% | ||
|
Light Sour Blend • 9 hours | 72.28 | +0.69 | +0.96% | ||
|
Syncrude Sweet Premium • 9 hours | 79.18 | +0.89 | +1.14% | ||
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Central Alberta • 9 hours | 72.28 | +0.69 | +0.96% |
|
Eagle Ford • 3 days | 74.07 | +0.63 | +0.86% | ||
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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…
Banks Still Play a Major Role in Oil and Gas Funding
Major banks continue to finance…
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U.S. to Set New Oil Production Record, But 2025 Looks Bleak
I have noted in recent articles that U.S. oil production is presently at about the same level it was 10 months ago. In…
U.S. Oil, Gas Drilling Activity Continues to Fall
The total number of active drilling rigs for oil and gas in the United States fell this week, according to new data that Baker Hughes published on Friday. The total…
Shale's Efficiency Boost Is Not Guarantee of Strong Future Growth
HSBC's recent forecast suggests U.S. shale oil production will keep rising for another four years before peaking, but the real story is more complex. Wood Mackenzie highlights a new…
Is The East African Crude Oil Pipeline Finally Going to Be Finished?
The development of the East African Crude Oil Pipeline (EACOP) has hit many hurdles since it was initially proposed in 2013. There was great optimism around connecting Uganda with Tanzania…
Oil Moves Higher After EIA Confirms Crude Draw
Crude oil prices ticked higher today after the U.S. Energy Information Administration reported an inventory decline of 2.5 million barrels for the week to June 14. The change
Africa's Latest Exploration Hotspot Set to Triple Oil Production
As oil majors return to offshore exploration, West Africa's deepwater has become a key drilling target for some of the biggest international companies. Cote d'Ivoire and Namibia have been the…
Bank Sees U.S. Shale Growing for Another 4 Years
U.S. shale oil production has four more years of growth before it peaks in 2028. This is according to a forecast by HSBC—the latest in a string of attempts to…
New Mexico Struggles To Balance Oil Output Boom with Climate Goals
The second-largest oil-producing U.S. state, New Mexico, has seen record oil and gas output and revenues in recent years on the back of the booming activity in the Permian, the…
80 More Years of Oil: The Big Attraction of Carbon Capture
Over the past few years, Big Oil has been heavily investing in carbon capture and storage (CCS) technology, ostensibly to offset CO2 emissions from the energy commodities they produce. Environmentalists…
OPEC’s Trillion-Dollar Bet Against U.S. Shale
Since 2008, the shale boom has grown U.S. oil production by about 9 million barrels per day. In the early days of the shale boom, when it wasn’t…
U.S. Crude Is Dominating Global Oil Markets
A couple of years ago, British oil and gas supermajor BP Plc (NYS:BP) lamented that the North Sea crude price Dated Brent--the company’s most important pricing benchmark--was experiencing “regular dislocations.”Back then,…
Standard Chartered: Oil Markets Will Soon Face Significant Supply Deficits
The big oil price selloff in the wake of OPEC+'s decision to unwind 2.2M bbl/day in voluntary production cuts later this year has been corrected. The announcement led to
Oil Drops on Inventory Build
Crude oil prices moved lower today, after the U.S. Energy Information Administration reported an estimated inventory increase of 3.7 million barrels for the week to June 7. The change
U.S. Crude Production Growth Challenges OPEC+ Control Over Prices
The OPEC+ alliance, which includes Saudi Arabia and Russia, two of the world’s Top 3 oil producing countries, met in Riyadh, Saudi Arabia at the 37th OPEC and…
European Officials Discuss Plans to Keep Russia-Ukraine Gas Pipeline Operational
It is somewhat surprising (but also not surprising given energy scarcity fears) that after two-and-a-half years of war, hundreds of thousands of lives tragically lost, and brutal grinding…
Is OPEC Too Bullish On China's Oil Demand?
Chinese crude oil imports over the first five months of the year were down by 130,000 bpd from a year earlier. In any other country, this would have been…
Afghanistan’s Taliban Reports $80 Million In Crude Oil Sales In 10 Days
Afghanistan has sold 150,000 tons (1.1 million barrels) of crude oil from the Amu Darya basin for more than $80 million over the past 10 days, with Beijing’s investment in…
Growth in U.S. Oil and Gas Output Slows Down
Oil and gas production in the United States hit record highs at the end of 2023 but has since trended lower, and the growth in output has slowed year-over-year. U.S.…
Oil Price Outlook More Bullish Than Selloff Suggests: Fund Manager
The selloff triggered by te OPEC+ announcement it may roll back some production cuts was unjustified and the outlook for prices is more bullish than many believe.
Canadian Oil Executives Slam Proposed Emissions Cap on Oil and Gas Production
The chief executives of Canadian oil sands producers have spoken against plans by the federal government to impose a cap on carbon dioxide emissions from oil and gas…
