 |
Louisiana Light • 3 days | 87.12 | +0.03 | +0.03% | ||
|
Bonny Light • 2 days | 88.87 | +0.67 | +0.76% | ||
|
Opec Basket • 3 days | 86.51 | -1.01 | -1.15% | ||
|
Mars US • 173 days | 77.26 | -1.51 | -1.92% | ||
|
Gasoline • 25 mins | 2.734 | +0.009 | +0.33% |
|
Bonny Light • 2 days | 88.87 | +0.67 | +0.76% | ||
|
Girassol • 2 days | 89.45 | +0.81 | +0.91% | ||
|
Opec Basket • 3 days | 86.51 | -1.01 | -1.15% |
|
Peace Sour • 15 hours | 76.56 | +1.46 | +1.94% | ||
|
Light Sour Blend • 15 hours | 79.61 | +1.46 | +1.87% | ||
|
Syncrude Sweet Premium • 15 hours | 86.56 | +1.46 | +1.72% | ||
|
Central Alberta • 15 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% |
U.S. Sanctions on Venezuela Snap Back Into Place
The U.S. has reimposed sanctions…
Nuclear Tensions Rise as Poland Offers Territory for NATO Warheads
Polish President Andrzej Duda has…
Energy / Energy-General
Venezuela’s PDVSA Faces Mass Exodus Of Workforce
PDVSA, Venezuela’s state-oil company, is losing workers by the thousands, with as many as 10,000 leaving the company in just one week of January, media report, citing protests against low…
Shale Industry May Finally See Some Profits
Not only is U.S. shale set to grow at a torrid pace, but the industry might actually make some money for once. Profits have eluded the shale industry for years,…
Gas Tax Hike Could Have Serious Consequences For Oil Markets
The idea to increase the federal gas tax has gained momentum in recent weeks as a possible way of generating new government revenue to put into infrastructure projects. Although such…
Russia Is Taking Over Syria’s Oil And Gas
If finally happened… In accordance with an energy cooperation framework agreement signed in late January, Russia will have exclusive rights to produce oil and gas in Syria. The agreement goes…
Can Putin Keep His Promise To OPEC?
As crude begins to recover after its worst decline in two years, it seems like a decisive moment to cash in on the decline of the global oil inventory precipitated…
Asia’s Strong Diesel Demand Supports Crude Prices
Oil prices stumbled over the past week on the financial market turmoil, stronger dollar, and surging U.S. crude production. But as oversupply fears return with a vengeance to the oil…
Oil Holds Steady, But Rebound Seems Unlikely
Oil prices have stabilized following last week's massive decline, though growing fear of a new U.S. shale boom has markets in bear-mode. (Click to enlarge)
Dollar Remains Strong In Spite Of Petro-Yuan Threat
Next month may finally see the launch of the long-awaited, much-delayed Chinese oil futures priced in yuan, to be traded on the Shanghai International Energy Exchange. The idea to launch…
Russia Gets $41.5 Billion Boost From OPEC Deal
Since the start of the OPEC-Russia production cut deal, Russia’s oil companies and government have received the equivalent of around US$41.5 billion more in proceeds, thanks to the higher oil…
U.S. To Become Net Oil And Gas Exporter In 5 Years
The United States will become a net oil and gas exporter by 2022, the Energy Information Administration (EIA) said in this year’s edition of its Annual Energy Outlook. Slower…
Uzbekistan Races To Boost Energy Production
Since the soil beneath Uzbekistan is brimming with oil and gas riches, the president asked indignantly at a recent government meeting, why are the people not benefitting? The oil and…
How Exxon’s Bad Year Impacts Other Majors
You can’t help but look at the diving stock market averages this week – and the follow-up rallies – when you’re looking at oil and oil stocks. In the oil…
Oil Major Profits Disappoint
Friday February 9, 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…
Oil Prices Fall Below $60 On Renewed Shale Threat
Oil prices crashed on Friday as a result of a major increase in U.S. drilling activity. (Click to enlarge)
What’s Behind The Energy Stock Selloff?
Energy stocks have sold off over the past week, pulled down by both the broader financial turmoil and some poor earnings figures from top oil companies. As of Thursday, benchmark…
The U.S. Could Set 5 Energy Production Records This Year
As I indicated in my previous article, I believe President Trump missed a golden opportunity to highlight energy in his State of the Union address last week. Instead, energy was scarcely…
OPEC-Russia Deal Could Extend Until H1 2019
Gazprom Neft—the Russian oil company that has publicly expressed frustration with the OPEC-Russian deal to curtail oil supply—does not rule out that the joint cooperation pact could last until the…
Oil Prices Fall On Rising Crude Inventories
The Energy Information Administration rattled oil bulls by reporting a build of 1.9 million barrels in U.S. crude oil inventories for the week to February 2. The report comes…
Is This The End Of The Oil Rally?
Financial markets found their footing on Tuesday, although ongoing volatility shows that we are not out of the woods yet. For oil prices, the danger is even more acute, as…
The Shale Driller's Dilemma
Shale boomers are having a field day, adding rigs, improving well efficiencies, pumping in more water and frac sand, and ultimately expanding production. This is only natural with oil prices…
