 |
Louisiana Light • 2 days | 82.73 | -0.73 | -0.87% | ||
|
Bonny Light • 21 hours | 83.00 | +0.29 | +0.35% | ||
|
Opec Basket • 2 days | 82.95 | -0.13 | -0.16% | ||
|
Mars US • 195 days | 77.26 | -1.51 | -1.92% | ||
|
Gasoline • 10 mins | 2.561 | +0.023 | +0.90% |
|
Bonny Light • 21 hours | 83.00 | +0.29 | +0.35% | ||
|
Girassol • 21 hours | 84.24 | +0.18 | +0.21% | ||
|
Opec Basket • 2 days | 82.95 | -0.13 | -0.16% |
|
Peace Sour • 20 hours | 71.36 | +0.14 | +0.20% | ||
|
Light Sour Blend • 20 hours | 74.41 | +0.14 | +0.19% | ||
|
Syncrude Sweet Premium • 20 hours | 81.36 | +0.14 | +0.17% | ||
|
Central Alberta • 20 hours | 71.76 | +0.14 | +0.20% |
|
Eagle Ford • 2 days | 75.11 | +0.61 | +0.82% | ||
|
Oklahoma Sweet • 2 days | 75.00 | +0.50 | +0.67% | ||
|
Kansas Common • 21 hours | 69.50 | +0.50 | +0.72% | ||
|
Buena Vista • 2 days | 83.26 | +0.61 | +0.74% |
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What's Next For Oil After The New OPEC+ Deal
The recent OPEC+ meeting ended with an agreement that would gradually increase the cartel’s monthly production until in late 2022 all of the…
China’s Changing Policies Could Create A Huge Oil Demand Deficit
Figures released last week show that China’s crude oil imports in the first half of 2021 declined for the first time in eight years. China has been the…
Europe Ramps Up Pivot Away From Fossil Fuels
Reducing carbon emissions seems to be on the top of everybody’s agenda at the moment. A recent post in The New York Times
China’s Opaque Oil Data Leaves Markets In The Dark
China saw its first-half crude imports drop year over year for the first time in a first half in eight years, sparking concerns in the market that purchases…
Weak Fuel Demand Sends India’s Oil Imports To 9-Month Low
Indian refiners imported in June 2021 the lowest volume of crude oil in nine months, as purchases slowed down in April and May when India imposed regional mobility restrictions to…
The Best 2 Stocks To Hold As Oil Prices Explode
Crude oil was already having a banner year amid a faster-than-expected recovery from the pandemic. Now, with an OPEC compromise in place, there will be no oil price…
OPEC Sees Global Oil Demand Exceeding 100 Million Bpd In 2022
World oil demand is expected to surpass the 100 million barrels per day (bpd) mark in the second half of 2022, thanks to solid economic growth and expectations of continued…
Chinese Refineries Shatter Records In June
China’s refineries processed a record amount of crude oil last month, at 14.8 million bpd, up by 3.9 percent from May when run rates also broke records, Reuters reported, citing…
Kuwait Looks At Huge Wealth Fund To Move Beyond Oil
Kuwait’s life-after-oil fund may have become one of the world’s biggest sovereign wealth funds thanks to the country’s healthy oil industry, as it continues to prepare for a…
EIA Inventory Report Sends Oil Prices Higher
Crude oil prices inched higher today after the Energy Information Administration reported a crude oil inventory draw of 7.9 million barrels for the week to July 9. The report…
The Refining Industry Is Struggling To Adapt To The Future
The upstream oil and gas business is recovering from one of the worst slumps in recent memory as oil prices sit at around $75 per barrel and global…
Oil Has Become The Hottest Commodity On Wall Street
Crude oil has been having a great 2021 so far—a very different situation to last year’s when the pandemic devastated demand for all commodities fueling a price rout…
World’s Recoverable Oil Resources Shrinks By 9%
Every year and following the publication of the BP Statistical Review, Rystad Energy releases its own assessment to provide an independent, solid and clear comparison of how the…
Permian To Drive U.S. Shale Production Increase In August
U.S. shale oil production will increase by a modest 42,000 bpd in August, according to the Energy Information Administration. In its latest Drilling Productivity Report, the EIA forecast that…
The Ongoing Transformation Of ‘Big Oil’
When last year BP vowed to reduce its oil and gas output by 40 percent by 2030 as it shifts to renewable energy, it came as…
Colombia Looks Offshore To Revitalize Its Oil Industry
After an exceptionally tough 2020 and poor start to 2021 for Colombia’s oil industry, the country’s energy ministry is betting on an offshore…
OPEC+ Still Far From Resolving UAE-Saudi Spat
The odds of an OPEC+ meeting this week look increasingly unlikely as the group has failed to make progress in resolving the differences between key OPEC members Saudi Arabia and…
How COVID-19 Triggered The Mother Of All Oil Crises
The COVID-19 pandemic certainly wasn’t the first historic crash or economic crisis for the oil and gas industry, and it (probably) won’t be the last.
UBS: Oil Demand To Return To Pre-Covid Levels By Q1 2022
Crude oil demand will rebound to pre-pandemic levels by the first quarter of 2022, according to Wayne Gordon, executive director of commodities and forex at UBS Global Wealth Management. Speaking…
U.S. Shale On Track For One Of Its Best Years Ever
After seven consecutive weeks of gains, oil prices have gone into reverse gear once again, thanks mainly to the latest OPEC+ spat that left everyone wondering what to…
