 |
WTI Crude •10 mins | 39.00 | -1.60 | -3.94% |
|
Brent Crude •10 mins | 40.77 | -1.66 | -3.91% |
|
Natural Gas •10 mins | 2.539 | -0.256 | -9.16% |
 |
Mars US •21 hours | 41.30 | +0.30 | +0.73% |
|
Opec Basket •2 days | 41.61 | -0.32 | -0.76% |
|
Urals •2 days | 41.85 | +0.00 | +0.00% |
|
Louisiana Light •2 days | 41.42 | -0.24 | -0.58% |
|
Marine •2 days | 41.33 | -0.86 | -2.04% |
|
Murban •2 days | 41.53 | -0.69 | -1.63% |
|
Iran Heavy •2 days | 40.18 | +0.43 | +1.08% |
|
Basra Light •2 days | 44.37 | +0.40 | +0.91% |
|
Saharan Blend •2 days | 41.16 | +0.39 | +0.96% |
|
Bonny Light •2 days | 41.36 | +0.45 | +1.10% |
|
Canadian Crude Index •11 days | 28.50 | +0.34 | +1.21% |
|
Western Canadian Select •14 hours | 32.10 | +0.35 | +1.10% |
|
Canadian Condensate •14 hours | 39.60 | +0.35 | +0.89% |
|
Premium Synthetic •14 hours | 41.00 | +0.35 | +0.86% |
|
Sweet Crude •14 hours | 37.60 | +0.35 | +0.94% |
|
Peace Sour •14 hours | 37.10 | +0.35 | +0.95% |
|
Louisiana Light •2 days | 41.42 | -0.24 | -0.58% |
|
Domestic Swt. @ Cushing •2 days | 37.00 | +0.25 | +0.68% |
|
Giddings •2 days | 30.75 | +0.25 | +0.82% |
|
ANS West Coast •5 days | 40.76 | -0.04 | -0.10% |
|
West Texas Sour •2 days | 34.55 | +0.35 | +1.02% |
|
Eagle Ford •2 days | 38.50 | +0.35 | +0.92% |
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Energy / Crude Oil
Record Volumes Of Cheap U.S. Crude Oil Are Headed To Asia
A record volume of U.S. crude oil is set to arrive in China and the rest of Asia this month as buyers rushed to snap up cheap oil earlier this…
Oil Markets Face New Glut As OPEC Prepares To Open The Taps
The upcoming partial return of curtailed OPEC+ oil production from August is set to create a new four-month supply glut of around 170 million barrels, a Rystad Energy analysis reveals.…
OPEC May Have To Adapt To Lower-For-Longer Oil Demand
OPEC is trying to come to terms with the idea that the coronavirus crisis may have brought with it permanent changes in consumer behavior, stifling oil demand over the next…
China Signs Series Of Deals To Develop Supergiant Oilfield In Iran
Two key questions logically arise from last week’s announcement from Iran’s Petroleum Ministry that it has awarded a US$1.3 billion development deal to more than double oil production…
How One Oil Major Excelled As Prices Crashed
When oil prices plunged to historic lows in April, the majority of oil producers, including OPEC+ nations, responded by drastically cutting production to get rid of the huge…
Microsoft And Halliburton Are Building The Oilfield Of The Future
The oilfield has historically been a place where brawny men, and mighty machines came together to bore holes deeply into the earth to wrest stores of oil and…
Jet Fuel Crisis Will Hurt Oil Demand For Years To Come
A very slow recovery in jet fuel demand will drag on global oil demand for at least another two years as overall passenger traffic numbers continue to be…
Can Oil Save Ecuador’s Economy?
For decades, oil rich Ecuador proved to be a risky and unprofitable jurisdiction for foreign companies seeking to tap its vast mineral wealth. This peaked with the $9.5…
Oil Prices In Limbo As Fears Of A Second COVID Wave Grow
Oil markets sent some mixed signals last week as bullish and bearish data continued to influence prices. The COVID-19 situation in the United States raised some uncertainty over the prospects…
Trump Heads To Texas To Discuss U.S. Energy Dominance
President Donald Trump is visiting Texas this week, to raise money for the Republican Party and discuss the country’s energy-dominance agenda with the local oil industry. Trump’s energy agenda was one…
The Second Wave Of COVID Won’t Crush Oil Markets
As Covid-19 infections continue to increase around the world and the implications of the pandemic’s spread are acknowledged in key markets in the Americas and Asia, Rystad Energy…
Big Oil Braces For Brutal Earnings Season
The oil majors are set to unveil their second-quarter earnings in the coming days, and analysts expect the figures to be pretty rough. Despite their size, the integrated…
Brazil’s Oil Giant To Boost Production At Deepwater Field
Brazil’s state-held oil firm Petrobras launched on Friday a tender for three new Floating Production Storage and Offloading (FPSOs) units for one of the largest deepwater oilfields in the world, Búzios,…
Is The Bottom Finally In Sight For U.S. Drilling Rigs?
Baker Hughes reported on Friday that the number of oil and gas rigs in the US fell again this week, by 2, to 251, marking the twentieth straight loss in…
Tropical Storm Hanna Threatens Texas Oil Industry
Tropical storm Hanna is expected to make landfall in Texas on Saturday with heavy rains that could result in flash flooding along the Texas coast, where oil refineries and LNG…
Oil Traders Discount Crude As Chinese Demand Weakens
Oil producers such as Iraq, Russia, and the UAE are lowering their crude oil prices to make it salable as demand from Asian buyers remains lukewarm, Bloomberg reports, citing traders.…
The Quiet Destruction Of Colombia’s Shale Oil Potential
Sharply weaker oil prices, falling investment and dwindling oil production are weighing heavily on Colombia’s economic outlook. Last decade, the strife-torn Andean country bet its economic future on…
Is This The World’s Riskiest Oil Frontier?
Somalia’s government has announced that it would hold its first-ever offshore licensing round this August, marking the starting point of Africa’s perhaps most adventurous oil frontiers. Still recovering from the…
Permian Leads Recovery As Frackers Ramp Up Activity After Oil Crash
The Covid-19 downturn has caused a shocking decline in new fracking operations in the US, with monthly numbers plunging to a bottom of just 325 wells in June. A Rystad…
U.S. Shale Output Set For Another Slide As New Well Drilling Stalls
Despite the fact that U.S. shale producers have brought back a quarter of the output they had curtailed, production is set for a new slump after the summer as new…
