 |
Louisiana Light • 2 days | 87.82 | +3.80 | +4.52% | ||
|
Bonny Light • 1 day | 89.73 | +1.49 | +1.69% | ||
|
Opec Basket • 2 days | 88.08 | +1.54 | +1.78% | ||
|
Mars US • 7 hours | 85.36 | +1.53 | +1.83% | ||
|
Gasoline • 13 mins | 2.451 | -0.006 | -0.26% |
|
Bonny Light • 1 day | 89.73 | +1.49 | +1.69% | ||
|
Girassol • 1 day | 89.40 | +1.73 | +1.97% | ||
|
Opec Basket • 2 days | 88.08 | +1.54 | +1.78% |
|
Peace Sour • 4 hours | 80.40 | +0.97 | +1.22% | ||
|
Light Sour Blend • 4 hours | 83.70 | +0.97 | +1.17% | ||
|
Syncrude Sweet Premium • 4 hours | 85.80 | +0.97 | +1.14% | ||
|
Central Alberta • 4 hours | 80.40 | +0.97 | +1.22% |
|
Eagle Ford • 2 days | 83.33 | +1.61 | +1.97% | ||
|
Oklahoma Sweet • 2 days | 82.00 | +1.75 | +2.18% | ||
|
Kansas Common • 2 days | 75.75 | +1.75 | +2.36% | ||
|
Buena Vista • 6 days | 87.11 | +1.70 | +1.99% |
Breaking News:
Nigeria Is Losing Major Investors As Oil Theft Runs Rampant
Supermajors are packing their bags…
$80 Oil Is Too Enticing For U.S. Drillers To Ignore
Consistently higher oil prices have…
Energy / Crude Oil
U.S. Rig Count Unchanged After Crazy Week In Oil Markets
There has been no net change to the number of active drilling rigs in the United States this week, according to Baker Hughes. The total rig count remains at 569—a…
Goldman Remains Bullish On Oil Despite OPEC+ Decision
Goldman Sachs commodity analysts remain bullish on oil prices despite yesterday’s decision by OPEC+ to add another 400,000 bpd to combined production next month. The bank’s analysts said…
Oil Prices Bounce Back Despite The OPEC+ Decision
Oil prices rose on Thursday after OPEC+ decided to keep its oil production policy unchanged and add another 400,000 bpd on the market in January. As of 10:14 a.m. EST,…
OPEC+ To Add 400,000 Bpd In January Despite Oil Price Plunge
The OPEC+ group is sticking to its plan to ease the production cuts in January by 400,000 barrels per day, despite mounting evidence of a larger-than-expected oil surplus early next…
Drilling Is Picking Up In The U.S. Shale Patch
The U.S. shale patch has returned to a moderate increase in drilling activity, having largely depleted the inventory of drilled by uncompleted (DUC) wells at the fastest clip…
EV Makers Are Desperate To Ditch Cobalt
With the energy transition in full swing, experts have predicted that metals are poised to become even more valuable than oil, with prices…
OPEC+ Expects Large Oil Glut In Early 2022
OPEC+ expects the global oil market to show a worse-than-previously expected…
Oman’s New Petrochemical Project Could Be A Game-Changer
Oman has been looking to build a presence in the higher-value petrochemicals industry in earnest for over a decade, given that on the one hand more than 80…
Guyana To Become The 11th Country To Produce Over 1 Million Bpd
The tiny South American nation of Guyana has emerged as the hottest offshore drilling location on the continent over the last six years. The swathe of oil discoveries…
U.S. Strategic Oil Reserves Could Fall By 50% Over The Next Decade
Recent legislation and last week’s announcement of a release of 50 million barrels of crude oil from the U.S. Strategic Petroleum Reserve (SPR) could see America’s strategic stockpiles…
Canada's Ambitious New Plan To Save Its Oil Sands
In Canada, a renewable energy trend could lend itself to the oil and gas industry, with the potential for geothermal energy to help oil sands to thrive for…
The Real Reason Why OPEC+ Won’t Open The Taps
The United States announced a release from its Strategic Petroleum Reserve (SPR) on Tuesday, saying at the same time that it hopes OPEC+ would continue to add 400,000…
Oil Bulls Rejoice As Biden’s Supply Strategy Backfires
President Biden’s threat to oil producers that he would force prices down has already backfired. Oil markets were unimpressed by the U.S. administration’s plan to coordinate a strategic…
UAE Pumps $6 Billion Into Oil And Gas Expansion Projects
The U.S.-sponsored ‘relationship normalisation’ deal signed last year between Israel and the UAE is a core element of Washington’s attempt to counterbalance the advance of China and Russia…
China Keeps Markets In The Dark About SPR Release
The volume of the expected Chinese release of crude oil from its state reserves will be decided according to the country's actual needs, China said on Wednesday, declining to comment…
Oil Markets Unimpressed By Small Crude Inventory Build
Crude oil inventories rose last week, while gasoline inventories declined, the Energy Information Administration said on Wednesday. The EIA has reported that crude oil inventories increased by 1 million barrels…
SPR Release Only Triggered A Brief Selloff In Crude Oil
Media reports about the joint release of millions of barrels of oil by the United States, China, and Japan prompted a selloff across oil futures contracts and a…
Biden Administration Considers Ban On U.S. Oil Exports
A potential ban on crude oil exports is under consideration at the White House, a Democratic Congressman told Bloomberg, adding that “The economics of it makes sense.” Rep. Ro Khanna,…
Biden Announces 50 Million Barrels SPR Release To Lower Oil Prices
US President Joe Biden announced on Tuesday that the Department of Energy would release 50 million barrels of oil from the Strategic Petroleum Reserve (SPR) in a bid to…
U.S. Shale Is Refusing To Reinvest Despite Record High Cash Flow
Reinvestment rates among US shale oil producers hit an all-time low in the third quarter of 2021, resulting in a record free cash flow for the quarter, and…
