 |
Louisiana Light • 2 days | 87.12 | +0.03 | +0.03% | ||
|
Bonny Light • 1 day | 88.87 | +0.67 | +0.76% | ||
|
Opec Basket • 2 days | 86.51 | -1.01 | -1.15% | ||
|
Mars US • 173 days | 77.26 | -1.51 | -1.92% | ||
|
Gasoline • 13 mins | 2.722 | -0.004 | -0.14% |
|
Bonny Light • 1 day | 88.87 | +0.67 | +0.76% | ||
|
Girassol • 1 day | 89.45 | +0.81 | +0.91% | ||
|
Opec Basket • 2 days | 86.51 | -1.01 | -1.15% |
|
Peace Sour • 6 hours | 76.56 | +1.46 | +1.94% | ||
|
Light Sour Blend • 6 hours | 79.61 | +1.46 | +1.87% | ||
|
Syncrude Sweet Premium • 6 hours | 86.56 | +1.46 | +1.72% | ||
|
Central Alberta • 6 hours | 76.96 | +1.46 | +1.93% |
|
Eagle Ford • 2 days | 79.33 | -0.29 | -0.36% | ||
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Oklahoma Sweet • 5 days | 79.75 | +0.50 | +0.63% | ||
|
Kansas Common • 2 days | 73.00 | -0.50 | -0.68% | ||
|
Buena Vista • 5 days | 87.31 | +0.41 | +0.47% |
Profit Taking Is Putting Downward Pressure on Oil Prices
Oil prices fell this week…
Iran Plays Down Risk of Retaliatory Attack on Israel
Iran is playing down the…
Energy / Energy-General
Is Natural Gas Poised To Rally?
Since the wild ride at the beginning of the year ended when the $2.50 support held, natural gas futures have been relatively calm. We have seen a much more manageable,…
OPEC Puts Oil Markets On Edge
Friday June 1, 2018 In the latest edition of the Numbers Report, we’ll take a look at some of the most interesting figures put out this week in the energy…
Global Energy Advisory - 1st June 2018
The controversial Trans Mountain pipeline expansion project just got delayed for an indefinite period after the federal Canadian government announced it would buy it from Kinder Morgan for $3.5 billion…
New All-Time High U.S. Output Forces Oil Lower
U.S. West Texas Intermediate crude oil is in a position to close lower for a second consecutive week. The catalysts behind this week’s selling pressure are trader reaction to a…
WTI And Brent Go Their Separate Ways
The news this week has been dominated by trade war talks and OPEC’s suggestion of increased production, with WTI and Brent reflecting the market’s confusion.
U.S. Oil Rig Count Sees Slight Increase Amid Record Production
US drillers added 1 rig to the number of oil and gas rigs this week, according to Baker Hughes, with oil rigs increasing by 2 and gas rigs dipping…
World’s Largest EV Battery Maker Sees IPO Valuation Plummet
Increased demand for battery materials used in electric vehicles and energy storage is what's supposed to reignite interest in the mining sector now that the China-induced supercycle in commodities demand…
Iran Shouldn’t Count On OPEC For A Bailout
Over the past few weeks, Iran has repeatedly sought (even demanded) EU support to offset renewed U.S. sanctions that will be imposed on the oil producing country. In fact, not…
Higher Prices To Help Oil Companies Refinance $400B In Debt
Oil and gas companies that took a lot of loans and issued five- and seven-year notes in the “exuberance” years before 2014 are likely to get more favorable terms from…
Iran Asks OPEC For Support Against U.S. Sanctions
Iran is seeking support from fellow OPEC members against the returning U.S. sanctions and wants the issue on the agenda at the Vienna meeting in June, Iranian Oil Minister Bijan…
The Energy Model That Can Predict Gold Prices
“Everything should be made as simple as possible, but not simpler.”--Albert Einstein When trying to predict gold prices, investors usually look at one or several drivers: interest rates, U.S. dollar…
The Iran Indicator Oil Markets Are Ignoring
For nearly a week, the oil market has been digesting reports that Saudi Arabia and Russia are considering bringing back some production to ‘ease market and consumer anxiety’ over high…
EV Sales To Triple By 2020
Electric vehicle sales are finally starting to take off in larger numbers, surpassing 1 million in 2017 after growing 56 percent from a year before. By 2020, sales are expected…
The World’s Emerging Oil Storage Hub
A natural harbor to the northwest of Cape Town keeps a secret that oil tracking professionals are still trying to uncover. The secret is exactly how much oil is in…
Musk: Tough Regulations Prevent Tesla From India Entry
Tesla has not started making electric vehicles in India yet because of some challenging government regulations, Elon Musk said on Wednesday. Replying to a user commenting on a map of…
Court: Petrobras Strike Is Illegal
The workers’ strike called by Petrobras labor unions has been declared illegal by Brazil’s Superior Labor Court. The company approached the court after the labor unions warned they would begin…
Goldman: The Oil Price Rally Isn’t Over Yet
Oil prices declined by more than 6 percent in the last few trading days, following reports that OPEC and Russia could boost production in the second half of 2018. However,…
Oil Prices Could Bounce Back On Geopolitical Risk
June’s OPEC meeting is anticipated with fear by analysts, with the potential of a crash in oil prices if Saudi Arabia and Russia decide to ramp up production. Officials confirmed…
Oil Price Correction Sparks Sell Off In Russian Markets
Russian assets have had a bumpy ride this year as a global retreat from emerging market assets and exchange-traded funds combine with a new wave of U.S. sanctions to put…
OPEC Has Regained Its Grip On Oil Markets
Higher oil prices seem to have given OPEC the confidence that it needs to begin thinking about moving forward, and with Russia in the mix as well, it appears as…
