 |
Louisiana Light • 2 days | 86.79 | -0.77 | -0.88% | ||
|
Bonny Light • 1 day | 85.43 | -2.61 | -2.96% | ||
|
Opec Basket • 3 days | 88.72 | +0.00 | +0.00% | ||
|
Mars US • 181 days | 77.26 | -1.51 | -1.92% | ||
|
Gasoline • 10 mins | 2.591 | +0.014 | +0.52% |
|
Bonny Light • 1 day | 85.43 | -2.61 | -2.96% | ||
|
Girassol • 1 day | 86.37 | -2.70 | -3.03% | ||
|
Opec Basket • 3 days | 88.72 | +0.00 | +0.00% |
|
Peace Sour • 6 hours | 72.20 | -2.93 | -3.90% | ||
|
Light Sour Blend • 6 hours | 75.25 | -2.93 | -3.75% | ||
|
Syncrude Sweet Premium • 6 hours | 82.20 | -2.93 | -3.44% | ||
|
Central Alberta • 6 hours | 72.60 | -2.93 | -3.88% |
|
Eagle Ford • 2 days | 78.41 | -0.70 | -0.88% | ||
|
Oklahoma Sweet • 2 days | 78.25 | -0.75 | -0.95% | ||
|
Kansas Common • 2 days | 72.25 | -0.75 | -1.03% | ||
|
Buena Vista • 3 days | 87.60 | -1.22 | -1.37% |
Namibia Racks Up Another Major Offshore Oil Discovery
Shares of Portuguese integrated energy…
The Future of Plastics Will Determine the Future of Oil Demand
Plastics will come to account…
Energy / Crude Oil
Biden’s Infrastructure Bill Will Boost Oil Demand
While the Biden administration’s landmark Infrastructure Bill has been framed as anti-fossil fuels by the media as well as by politicians such as coal country’s Joe Manchin, oil…
Saudi Arabia's Economy Booms As Oil Prices Rise
Saudi Arabia reported economic growth of 6.8 percent on the year for the third quarter on the back of higher oil prices. This is the highest quarterly growth for the…
Democrats Call On Biden To Ban Oil Exports
A group of Democratic Senators has called on President Joe Biden to reimpose a ban on crude oil exports as the administration struggles to contain retail fuel prices. "In light…
Saudi Arabia Warns Of Shrinking Spare Oil Production Capacity
The world will see its level of spare oil production capacity dwindle next year as jet fuel demand returns to pre- or near-pre-crisis levels, Amin Nasser, the chief executive of…
What Would Happen If Brazil Privatized Its National Oil Company?
A massive surge in inflation is threatening Brazil’s post-pandemic economic recovery. Latin America’s largest economy was savaged by the coronavirus with Brazil suffering the third most COVID-19 cases…
U.S. Consumers To Foot The Bill For Surge In Natural Gas Exports
U.S. consumers and utilities will be paying much higher prices for natural gas and energy this winter, as record American natural gas exports amid sluggish domestic production growth…
Is Biden Doing Enough To Make Big Oil Boost Production?
Just ahead of OPEC’s next virtual meeting, President Joe Biden cast blame at Russia and OPEC for the current state of high oil prices. He said “If you…
Saudi Arabia Aggressively Hikes Oil Prices As Market Tightens
Saudi Arabia raised on Saturday the official selling prices (OSPs) for its crude in December to all customers by much more than traders and refiners had expected, suggesting that…
Is Egypt’s Oil And Gas Sector Set To Boom?
As Eni makes a new oil and gas discovery in Western Egypt, the future of energy in the oil-rich nation looks promising. After record production figures were hit…
The U.S. Considers Strategic Petroleum Reserve Release After OPEC+ Snub
U.S. President Joe Biden is considering a release from the Strategic Petroleum Reserve (SPR) as a possible move to reduce gasoline prices in the United States, after OPEC+ ignored on…
U.S. Crude Production Continues To Trail Rising Oil Rig Count
The number of oil and gas rigs in the United States rose by 6 this week, according to Baker Hughes. The total rig count is now at 550, up 250…
How The U.S. Lost Control Of This Giant Iraqi Oilfield
Just ahead of the August 2020 visit to Washington of Iraq Prime Minister, Mustafa al- Kadhimi, promised then-U.S. President, Donald Trump, that he would allow a raft of in-principle agreed…
Could This Be The Biggest Winner Of The Oil Price Boom?
Onshore oil discoveries are pretty much a thing of the past. The last time anyone got remotely excited about one was in 2017, when giant Repsol discovered 1.2 billion barrels…
Iraq Cuts Its Once-Popular Basrah Light Crude Oil Blend
When Iraq introduced Basrah Medium into its portfolio of crude grades, it was believed that a stricter delineation of qualities could finally put an end to Baghdad’s perennial…
OPEC+ Meeting Ends: Cartel Won't Produce Extra Crude
The OPEC+ group decided on Thursday to continue easing their collective crude oil production cuts by just 400,000 barrels per day next month, ignoring calls from the United States and…
Oil Jumps As Markets Expect OPEC+ To Leave Output Plan Intact
OPEC+, which meets later Thursday via video conference, has shown little signs it plans to waver from its plan to raise oil production gradually, despite pressure from senile presidents and…
Crude Drifts Lower On EIA Inventory Report
Crude oil prices drifted lower today after the Energy Information Administration reported an oil inventory build of 3.3 million barrels for the week to October 29. This compared…
The Oil Omen: First Large U.S. Shale Driller To Pledge Flat Output In 2022
Diamondback Energy has said it will not increase its crude oil production next year despite the surge in prices. In the release of its third-quarter results, Diamondback said it…
Biden: OPEC And Russia Must Pump More Oil To Help America's Working Class
The refusal of OPEC+ to increase crude oil production is affecting America's working class, President Biden said at a news conference following the G20 meeting in Rome. "I do think…
Exxon And Chevron Post Blockbuster Earnings Amid Oil Price Rally
It was supposed to be a blockbuster quarter for energy names thanks to the ongoing surge in oil prices and it did not disappoint: earlier today Chevron reported…
