 |
Louisiana Light • 3 days | 87.12 | +0.03 | +0.03% | ||
|
Bonny Light • 22 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 • 11 mins | 2.740 | +0.006 | +0.22% |
|
Bonny Light • 22 hours | 89.32 | +0.45 | +0.51% | ||
|
Girassol • 22 hours | 89.90 | +0.45 | +0.50% | ||
|
Opec Basket • 3 days | 86.51 | -1.01 | -1.15% |
|
Peace Sour • 21 hours | 76.56 | +1.46 | +1.94% | ||
|
Light Sour Blend • 21 hours | 79.61 | +1.46 | +1.87% | ||
|
Syncrude Sweet Premium • 21 hours | 86.56 | +1.46 | +1.72% | ||
|
Central Alberta • 21 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% |
Oil Prices Settle Near $90 Despite Rising Geopolitical Risk
Oil prices have settled around…
U.S. Senator Pushes for Ban on Chinese Electric Vehicles
Senator Brown urges President Biden…
Energy / Energy-General
The Single Largest Supply Risk In Oil Markets
Venezuela could be the reason that “tips the market decisively into deficit,” the International Energy Agency said in a new report. Venezuela lost another 60,000 barrels per day (bpd) in…
Two LNG Giants Race For The Same Gas
Two of the biggest LNG projects in the world are due to start production this year, both offshore Australia: Japanese Inpex’s US$34-billion Ichthys development, and Shell’s US$14-billion Prelude FLNG…
UK Looks To Ditch Russian Gas After Spy Scandal
The UK-Russian relations have quickly deteriorated over the past week after the UK said that a former double agent and his daughter were poisoned in England by a military-grade nerve…
The Oil Canal That May Never Be
People have conceived of linking the gulf of Thailand with the Andaman sea for around 300 years but, as of yet, such plans have remained firmly in the realm of…
Russia Could Pull The Plug On The OPEC Deal
Russia could pull out of the OPEC oil production cut deal before the end of 2018—or right after—as it has no obligation to stick with it, Iran’s Energy Minister, Bijan…
Heavy Sweet Crude Is Heading For A Supply Crisis
'IMO 2020' is going to usher in a mammoth sea change for the global petroleum market. On January 1, 2020, the International Maritime Organization (hark, IMO) - the agency that…
How Will OPEC React To Soaring Shale Production?
OPEC has finally acknowledged what everybody else had concluded some time ago: U.S. shale output is soaring. In its March Oil Market Report, OPEC revised up its forecast of…
The Oil Giant That Investors Ignore
PetroChina, the public division of China’s state giant CNPC, has quietly become the third-largest oil and gas company globally, with a market cap exceeding Chevron’s since the start of this…
Is Another Oil Price War Looming?
Recently, the Energy Information Administration (EIA), the International Energy Agency (IEA) and BP updated their outlooks for U.S. oil production. All of these projections have one thing in common: Over…
How Oil Drives The South China Sea Conflict
While it’s no secret that China has been intensifying its building frenzy, including military installations on islands, reefs and inlets in the heavily disputed South China Sea, it is also…
The Shale Boom: 100 Million Years In The Making
The great oil and gas formations that U.S. shale drillers thrive on have reportedly been traced back to volcanic eruptions from the time of the dinosaurs, over 100 million years…
The Power Has Shifted In LNG Markets
One of the most influential figures in the LNG market has claimed that a return to long-term LNG contracts is crucial for the sector. It was a statement that most…
Alberta Ready To Fight For Trans Mountain Oil Pipeline
The Alberta parliament unanimously voted in favor of Premier Rachel Notley’s motion in support of the Trans Mountain oil pipeline expansion project, with politicians from different parties sharing the…
Post Tillerson: Is The Iran Nuclear Deal At Risk?
President Donald Trump sacked Secretary of State Rex Tillerson via Twitter on Tuesday, replacing him with current CIA Director Mike Pompeo. The move has some grim implications for the U.S.’…
Which Oil Major Has The Best Investment Strategy?
Now that the downturn is over, oil majors are eager to show the market that they have adapted to generate more profits and return those profits to shareholders. Three major…
China Now Produces More Oil Abroad Than At Home
China is among the most import-dependent large oil consumers, but imports, it seems, are not its only problem when it comes to oil. Apparently, production from assets the Chinese state…
UK Gas Crisis: Out Of The Frying Pan Into The Fire
For the ministers and officials assembled, it was an embarrassment all around. Late last week, as we were at the annual Windsor Energy Consultation (WEC) just outside London, British Gas Plc confirmed that…
Increased Oil Hedging Hints At Permian Production Boom
Oil hedges have become popular amongst U.S. shale drillers, who have used the financial trick to lock-in higher prices for their raw goods as barrel prices edge higher. The…
Uncertainty Grips Oil Markets Ahead Of EIA Report
Uncertainty in oil markets has led to see-sawing oil prices, as analysts await upcoming U.S. inventory reports. (Click to enlarge)
Diesel Trucks Are Here To Stay
While alternative fuel commercial trucks are gaining interest from fleet operators, diesel is still set to dominate medium- and heavy-duty vehicles for several years. That statement came from Kary Schaefer,…
