 |
WTI Crude •10 mins | 59.81 | -0.83 | -1.37% |
|
Brent Crude •10 mins | 62.88 | -0.81 | -1.27% |
 |
Natural Gas •10 mins | 2.779 | +0.002 | +0.07% |
|
Mars US •53 mins | 60.04 | -0.91 | -1.49% |
|
Opec Basket •4 days | 64.37 | -1.05 | -1.61% |
|
Gasoline •10 mins | 1.916 | -0.027 | -1.39% |
|
Louisiana Light •4 days | 63.95 | -1.93 | -2.93% |
|
Marine •20 hours | 64.15 | -0.12 | -0.19% |
|
Murban •20 hours | 64.55 | -0.12 | -0.19% |
|
Iran Heavy •20 hours | 61.83 | -0.17 | -0.27% |
|
Basra Light •20 hours | 64.10 | -0.59 | -0.91% |
|
Saharan Blend •20 hours | 64.62 | -0.29 | -0.45% |
|
Bonny Light •20 hours | 63.96 | -0.37 | -0.58% |
|
Canadian Crude Index •20 hours | 49.21 | -0.85 | -1.70% |
|
Western Canadian Select •3 hours | 49.90 | -2.03 | -3.91% |
|
Canadian Condensate •19 hours | 60.50 | -2.03 | -3.25% |
|
Premium Synthetic •19 hours | 61.90 | -2.03 | -3.18% |
|
Sweet Crude •3 hours | 59.20 | -1.83 | -3.00% |
|
Peace Sour •3 hours | 56.00 | -2.03 | -3.50% |
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Louisiana Light •4 days | 63.95 | -1.93 | -2.93% |
|
Domestic Swt. @ Cushing •4 days | 58.00 | -2.00 | -3.33% |
|
Giddings •4 days | 51.75 | -2.00 | -3.72% |
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ANS West Coast •5 days | 66.28 | -0.01 | -0.02% |
|
West Texas Sour •4 days | 55.76 | -1.72 | -2.99% |
|
Eagle Ford •4 days | 59.71 | -1.72 | -2.80% |
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Energy / Crude Oil
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Crude oil prices today moved higher after the Energy Information Administration reported an inventory draw of 600,000 barrels for the week to December 18. This compared with a
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Peru’s Oil Crisis Is Worsening
A string of crises has engulfed Peru, Latin America’s sixth-largest economy, since the start of 2020. If the marked impact of the COVID-19 pandemic on Peru were not…
Russia Backs Another 500,000 Bpd Oil Production Increase
Despite renewed fears about oil demand due to the new coronavirus strain, the leader of the non-OPEC group in the OPEC+ pact, Russia, is still in favor of another 500,000…
Fuel Demand In India Is Soaring Despite Pandemic
India, the world’s third-largest oil importer and consumer, turned from the worst-performing demand market in July into one of the fastest-growing fuel demand markets in November, lending support…
Russia’s Largest Oil Company Is Spinning Off Key Assets
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This Tiny Island Group Could Soon Become An Oil Producer
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Putin: Russia Reduces Its Dependence On Oil
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Offshore Oil’s Dramatic Comeback
Smack dab in the middle of an oil price crisis caused by an unprecedented demand loss, Exxon announced the latest in a string of discoveries off the eastern…
Oil Jumps On Crude Inventory Draw
Crude oil prices rose today after the Energy Information Administration reported a crude oil inventory decline of 3.1 million barrels for the week to December 11. The report came…
Will Oil Continue To Rally In 2021?
Oil prices have finally hit $50 last week, a projection that we made back in June this year. Bullish sentiment prevailed in the oil markets over…
OPEC President: OPEC+ Shouldn’t Hurry To Ease Oil Output Cuts
The OPEC+ group of producers must continue to calibrate the easing of its collective oil production cuts to the still fragile global oil demand in the pandemic, Abdelmajid Attar, the…
IEA: Jet Fuel Will Continue Be A Drag On Oil Demand Recovery
Continued low demand for jet fuel will account for 80 percent of next year’s 3.1-million-bpd gap in oil demand compared to pre-pandemic levels, the International Energy Agency (IEA) said…
Oil Falls After OPEC Slashes Q1 2021 Demand Forecast
Having just recently agreed a new production quota, which along with vaccine hype has spurred oil prices to their highest since March, OPEC just reduced projections for global fuel consumption in…
Rig Count Sees Largest One-Week Increase Since January
Baker Hughes reported on Friday that the number of oil rigs in the United States rose by 12 to 338. The total number of active oil and gas rigs increased…
The OPEC Member That Could Derail The Production Cut Plan
After a week of contentious OPEC+ discussions, in which the UAE played a key role, it appears that the Abu Dhabi National Oil Company (ADNOC) is now aggressively…
The Companies That Could Benefit From A Major Pipeline Shortage
The pandemic-inflicted oil demand crash and price collapse did not spare any segment of the oil industry. U.S. drillers and refiners cut oil and fuel production after demand…
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The energy industry has been plagued by the sharp and deep drop in oil demand for months, and the outlook does not look too good either—with or without…
