 |
Louisiana Light • 3 days | 87.12 | +0.03 | +0.03% | ||
|
Bonny Light • 19 hours | 89.32 | +0.45 | +0.51% | ||
|
Opec Basket • 3 days | 86.51 | -1.01 | -1.15% | ||
|
Mars US • 173 days | 77.26 | -1.51 | -1.92% | ||
|
Gasoline • 1 hour | 2.735 | +0.001 | +0.03% |
|
Bonny Light • 19 hours | 89.32 | +0.45 | +0.51% | ||
|
Girassol • 19 hours | 89.90 | +0.45 | +0.50% | ||
|
Opec Basket • 3 days | 86.51 | -1.01 | -1.15% |
|
Peace Sour • 18 hours | 76.56 | +1.46 | +1.94% | ||
|
Light Sour Blend • 18 hours | 79.61 | +1.46 | +1.87% | ||
|
Syncrude Sweet Premium • 18 hours | 86.56 | +1.46 | +1.72% | ||
|
Central Alberta • 18 hours | 76.96 | +1.46 | +1.93% |
|
Eagle Ford • 3 days | 79.33 | -0.29 | -0.36% | ||
|
Oklahoma Sweet • 6 days | 79.75 | +0.50 | +0.63% | ||
|
Kansas Common • 2 days | 73.50 | +0.50 | +0.68% | ||
|
Buena Vista • 3 days | 87.02 | -0.29 | -0.33% |
China Raises Gasoline and Diesel Prices amid Soaring Crude Oil Prices
China is raising from Wednesday…
China Tightens Hold on Iraq's Oil with Al-Faw Refinery Nearing Completion
China is finishing the Al-Faw…
Energy / Energy-General
The Top Oil & Gas Companies This Earnings Season
Volatile crude prices and weak refining margins led to lower earnings at all five oil supermajors in the first quarter of 2019, suggesting that Big Oil shouldn’t stay complacent several…
Global Markets In Tailspin After Trump Reignites Trade War
Oil prices sank on Monday morning after President Trump decided to reignite the trade war with China just before it was supposed to be resolved. Trump took to twitter…
What Explains China’s Thirst For Saudi Oil
China stepped up purchases of Saudi oil in the first four months of this year as a private refiner is raising crude intake from the Kingdom that has secured term…
Buffett’s Big Bet On Energy
One of America’s most legendary investors, Warren Buffett, plans to invest heavily in energy, he revealed during the annual shareholders’ meeting of his principal investment vehicle Berkshire Hathaway. MarketWatch
Electric Fracking Could Take Over The Permian
Shale production in West Texas continues to boom--so much so that shale oil and gas producers in the Permian Basin have more than they know what to do with. As…
OPEC Is Facing An Existential Crisis
Global oil market fundamentals are looking particularly bullish, from the OPEC+ production cuts, to the constraints of exports in Nigeria and the U.S. sanctions on Iran and Venezuelan. While oil…
Analysts Are Wrong About This Under-The-Radar U.S. Producer
In mid-2017, California Resources, (CRC), took off like a rocket, reaching a peak of over $50 a share before the world changed in early October of 2018. The…
Why Your Gasoline Won’t Take You As Far As it Used To
Over the weekend, I saw a passing reference on Twitter to the declining energy content of gasoline. Intuitively I know this to be correct for reasons I discuss below. But the…
Norway’s $1-Trillion Oil Fund Has Best Quarter Ever On Rising Crude Prices
The world’s largest sovereign wealth fund—Norway’s US$1-trillion fund that has amassed its wealth from oil—earned US$84 billion in Q1 in the “strongest quarter ever”, boosted by technology and oil and…
The Oil Bears Are Back
Oil is turning bearish, despite all the speculative excitement of taking more Iranian crude off the market. The end of Iran sanctions waivers was officially on Thursday, but while oil…
An Oil Supply Glut Is Looming
1. Futures depict emerging oil supply glut (Click to enlarge)- Oil futures slipped into contango in the fourth quarter, a…
Is It Time To Buy The Tesla Bounce?
I last wrote here about Tesla (TSLA) on March 1st. Back then, after the company announced cuts to sales and marketing staff, I said that investors should take that, and…
Alberta Prepares Its Oil Weapon
Politics, Geopolitics & Conflict- Newly sworn in Alberta Premier Jason Kenney signed into law a bill that gives the province the option to simply close the taps on…
Momentum Slows In Oil Markets As Inventories Soar
U.S. West Texas Intermediate and international-benchmark crude oil futures are in a position to finish lower for the week. WTI is down about 2.8% and Brent is off by about…
Has The Oil Rally Reached Its Limit?
Despite various bullish geopolitical and fundamental factors, bearish sentiment appears to have reentered the market after a particularly long rally. (Click to enlarge)
Sliding Oil Rig Count Props Up Oil Prices
The the number of active oil and gas rigs fell slightly in the United States this week according to Baker Hughes, after two large drops in the two previous…
BP CEO: Trump Is The Wild Card In Oil Markets
More than a week after the U.S. announced that it was ending all sanction waivers for Iranian oil customers, President Donald Trump’s policy toward Iran is still the key wild…
Shell Beats Estimates And Rivals In Strong Q1
Royal Dutch Shell (NYSE: RDS.A), one of the last supermajors to report Q1 earnings, was the one that stood out among the crowd with better-than-expected results, as its trading…
Dem Presidential Hopeful Shames Oil Workers, Refuses Oil-Related Campaign Money
Beto O’Rourke, a Democratic presidential candidate, has signed a pledge to not accept any campaign donations from the oil and gas industry, and to return donations received since the start…
Saudi Arabia, UAE “Draw The Death And Collapse Of OPEC”
In among the multitude of threats that Iran has made public since the US sanctions on Iran were levied, Iran has now heralded the collapse of OPEC, if OPEC members…
