 |
Louisiana Light • 2 days | 86.60 | -0.08 | -0.09% | ||
|
Bonny Light • 1 day | 88.69 | -0.04 | -0.05% | ||
|
Opec Basket • 2 days | 87.35 | -2.29 | -2.55% | ||
|
Mars US • 169 days | 77.67 | -1.57 | -1.98% | ||
|
Gasoline • 13 hours | 2.710 | -0.003 | -0.13% |
|
Bonny Light • 1 day | 88.69 | -0.04 | -0.05% | ||
|
Girassol • 1 day | 89.20 | -0.10 | -0.11% | ||
|
Opec Basket • 2 days | 87.35 | -2.29 | -2.55% |
|
Peace Sour • 20 hours | 75.30 | -0.05 | -0.07% | ||
|
Light Sour Blend • 20 hours | 78.35 | -0.05 | -0.06% | ||
|
Syncrude Sweet Premium • 20 hours | 85.30 | -0.05 | -0.06% | ||
|
Central Alberta • 20 hours | 75.70 | -0.05 | -0.07% |
|
Eagle Ford • 2 days | 79.21 | +0.04 | +0.05% | ||
|
Oklahoma Sweet • 2 days | 79.25 | +0.00 | +0.00% | ||
|
Kansas Common • 3 days | 73.00 | -2.50 | -3.31% | ||
|
Buena Vista • 3 days | 86.86 | -2.40 | -2.69% |
Geopolitical Tensions Keep Oil Prices Elevated
In the short term, oil…
Central Banks Grapple With Inflation Threat Amid Oil Price Rally
Central Banks are reluctant to…
Energy / Energy-General
Soaring Oil Demand Pushes Prices Higher
Friday February 2, 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 - 2nd February 2018
Canadian drillers are moving rigs to Texas chasing better business opportunities south of the border in yet another sign that the U.S. oil industry is in full growth mode. Naturally,…
What’s Driving WTI?
U.S. West Texas Intermediate crude oil futures posted a volatile two-sided trade this week before moving to within striking distance of its three-year high on Thursday. One catalyst behind the…
Oil Markets Are At A Stalemate
U.S. shale production is soaring as the oil rig count once again ticked up this week, but OPEC's high compliance and the continued crisis in Venezuela has left oil markets…
The Oil Rig Count Rises Once Again
The number of active oil and gas rigs decreased this week, according to Baker Hughes data, by a single rig. This brings the total number of oil and gas…
Dutch Gas Goals Rocked By Earthquakes
Dutch gas dreams have ended with a bang after Dutch independent regulator SodM presented its recommendation to the Dutch government to cut existing natural gas production at the Groningen field…
The Oil Market Is Already Balanced
“The rebalancing of the oil market has likely been achieved, six months sooner than we had expected.” Goldman Sachs (NYSE:GS) dramatically revised its outlook for oil in 2018, saying…
Volkswagen Takes The Blame For Monkey Testing Scandal
Volkswagen Group (OTCMKTS:VLKAY) is feeling the vise grip tighten with accusations about its role in testing toxic diesel fumes on monkeys and humans. The German automaker, along with BMW…
Can The Shale Boom Avoid These Bottlenecks?
Shale companies continue to drill at a frenzied pace, adding rigs and breaking U.S. oil production levels with each passing week. Yet, the oil production is becoming increasingly geographically concentrated.…
The Oil Rally Is Helping Renewables
It may sound counterintuitive, but higher crude oil prices have proved to be a boon for the renewable energy industry, at least when it comes to adoption of clean energy…
Iran, Qatar Crude Exports To Asia Are Tanking
After years of healthy trade in crude oil and petroleum products between Iran, Qatar and Asian customers, the tide seems to be turning. This week, figures emerged showing a decline…
Analysts Raise Average WTI Forecast To $58 In 2018
For yet another month, analysts raised their average forecasts for oil prices this year—expecting WTI Crude to average $58.11 a barrel—but warned that Brent Crude is unlikely to rise much…
The Biggest Threat To U.S. Oil Exports
The price differential between WTI and Brent has suddenly narrowed, putting the U.S. export boom at risk. For much of last year, the two crude oil benchmarks traced one…
Big Oil Enters Growth Mode
M&A activity in the oil and gas industry picked up last year after three depressed years of underinvestment while the industry fought for its life, and this year the increase…
Russia Struggling To Expand Arctic Oil Production
Oil production from Russia’s Arctic region increased in 2017 as new onshore developments and the only offshore producing platform ramped up production. But challenges in Russia’s arctic remain. Last year,…
Have Oil Prices Hit A Ceiling?
The spike in Friday’s rig count has rekindled some old concerns regarding the acceleration of shale drilling, putting downward pressure on oil prices. (Click…
Doing More With Less: Texas Oil Employment At 7-Year Low
Texas is set to break its oil production record this year, but the oil industry’s drive to cut costs and increase efficiencies is now enabling drillers to pump record volumes…
Aramco IPO Delay Fears Are All Hype
International media sources are once again falling over each other by reporting that the eagerly awaited Aramco IPO is no longer on track for 2018. Certain rumors and interpretations are…
JP Morgan: Oil Could Hit $78 Within Months
J.P. Morgan beat all other investment banks in their forecasts for the price of Brent crude this year, setting its projection at US$70 a barrel. To compare, the second…
UK's Secret Cold War Plan For Middle East Oil Fields
The 1950s were a turbulent time on both sides of the Iron Curtain. With the Second World War over and the star role played by crude oil in its outcome,…
