 |
Louisiana Light • 1 day | 72.39 | +1.98 | +2.81% | ||
|
Bonny Light • 1 day | 74.02 | +1.66 | +2.29% | ||
|
Opec Basket • 1 day | 72.79 | -0.28 | -0.38% | ||
|
Mars US • 19 hours | 69.50 | +2.01 | +2.98% | ||
|
Gasoline • 10 mins | 2.483 | +0.047 | +1.91% |
|
Bonny Light • 1 day | 74.02 | +1.66 | +2.29% | ||
|
Girassol • 1 day | 75.63 | +1.53 | +2.06% | ||
|
Opec Basket • 1 day | 72.79 | -0.28 | -0.38% |
|
Peace Sour • 10 hours | 64.35 | +2.01 | +3.22% | ||
|
Light Sour Blend • 10 hours | 65.65 | +2.01 | +3.16% | ||
|
Syncrude Sweet Premium • 10 hours | 74.60 | +2.01 | +2.77% | ||
|
Central Alberta • 10 hours | 63.95 | +2.01 | +3.25% |
|
Eagle Ford • 1 day | 66.58 | +2.01 | +3.11% | ||
|
Oklahoma Sweet • 1 day | 66.50 | +2.50 | +3.91% | ||
|
Kansas Common • 2 days | 58.25 | -1.50 | -2.51% | ||
|
Buena Vista • 10 days | 76.15 | -1.09 | -1.41% |
Why AI Is The Future Of Offshore Oil Drilling
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Energy / Crude Oil
Is This The Next Permian Mega Deal?
The Wall Street Journal reports that ExxonMobil, (NYSE: XOM), and Pioneer Natural Resources, (NYSE: PXD) are in preliminary discussions about a merger. There…
Saudi- U.S. Relations Sour Further On Huge OPEC+ Surprise Cut
The surprise huge new cut in oil production from ‘OPEC+’ - the Saudi Arabia-led OPEC group of countries ‘plus’ Russia - highlights that any optimism over a possible…
Russia Cuts More Oil Production Than Anticipated
Russia has reduced its crude oil production by 700,000 bpd in March, a person familiar with Russian Energy Ministry figures told Bloomberg. Russia warned in February that it would cut…
Hedge Funds Are Still Bearish On Oil But Bulls Are Gaining Steam
The oil markets have been oversupplied over the past few months thanks to overall weak demand following warmer than expected weather in Europe. The U.S. crude market started…
OPEC+ Cuts Will Eliminate Oil Surplus
On Sunday, OPEC+ announced that it will reduce its output further, by some 1.66 million barrels per day, bringing the cartel’s total output reduction to 3.66 million…
North Sea Oil Production Could Fall By 80% By 2030
According to the industry body Offshore Energies UK, investments in the North Sea have dipped significantly. This could result in much lower oil production by the end of the decade…
Oil Spills Plague Colombia’s Petroleum Industry
Extractive industries in Colombia, primarily oil, coal and gold mining, are heavily impacting the strife-torn country’s environment. While oil spills and other forms of environmental contamination are frequent, there is…
Oil Markets Are Misinterpreting The OPEC+ Cut
The surprise announcement by OPEC+ of another production cut totaling 1.16 million barrels per day caused oil prices to rally 8%. I previously wrote about this in my…
Inventory Draws Across The Board Push Oil Prices Higher
Oil prices climbed higher today, after the Energy Information Administration reported a crude oil inventory draw of 3.7 million barrels for the week to March 31. At 470 million…
What Fast-Growing Oil Demand In Asia Means For The Rest Of The World
When earlier this year, prices slumped following the series of bank collapses in the United States, their subsequent recovery was attributed to one factor: China. The world’s largest oil and…
Will EVs Really Crush All Oil And Gas Demand?
Last year, the electric vehicle sector crossed a global milestone, with one out of ten vehicles sold being electric for the first time ever. While…
Lower Natural Gas Price Is Not All Good News For Europe
Europe successfully avoided a gas shortage crisis this winter thanks to high LNG imports, reduced demand, and milder weather. As a result, European natural gas…
U.S. Drilling Activity Slips Following Price Slump
The total number of total active drilling rigs in the United States fell by 3 this week, according to new data from Baker Hughes published on Friday. The total rig…
Kazakhstan Looks To Ramp Up Oil Exports To Europe
After almost a two-month delay, on February 23, Kazakhstani company KazTransOil finally began exporting oil to Germany, sending the first shipment of 20,000 tons of Kazakhstani oil (
Suriname’s Stalled Oil Boom Adds To Economic Headwinds
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Which President Had The Biggest Impact On U.S. Oil Production?
In the previous article, I reviewed gasoline prices under the past four presidents. I only went back that far because gasoline prices were…
Saudi Aramco Bets On Continuous Growth Of Chinese Oil Demand
The world’s largest crude oil exporter, Saudi Arabia, is betting big on the growing market for crude China, as Saudi oil giant Aramco is strengthening its downstream presence and crude…
Oil Rallies On Large Crude Draw
Oil prices ticked up today, after the U.S. Energy Information Administration reported a crude oil inventory draw of 7.5 million barrels for the week to March 21. This
Finding Value In Eagle Ford’s Merger Mania
Baytex Energy, (NYSE:BTE) made news toward the end of Feb with its announcement of the merger with Ranger Oil Corp (RROC) for about $2.5 bn…
Can Libya Really Double Its Oil Output?
Before the removal of its long-time leader, Muammar Gaddafi, in 2011, Libya had easily been able to produce around 1.65 million barrels per day (bpd) of mostly high-quality light, sweet…
