 |
Louisiana Light • 2 days | 86.49 | -0.63 | -0.72% | ||
|
Bonny Light • 1 day | 88.40 | -0.92 | -1.03% | ||
|
Opec Basket • 2 days | 88.45 | +1.94 | +2.24% | ||
|
Mars US • 174 days | 77.26 | -1.51 | -1.92% | ||
|
Gasoline • 22 mins | 2.767 | +0.009 | +0.31% |
|
Bonny Light • 1 day | 88.40 | -0.92 | -1.03% | ||
|
Girassol • 1 day | 89.03 | -0.87 | -0.97% | ||
|
Opec Basket • 2 days | 88.45 | +1.94 | +2.24% |
|
Peace Sour • 3 hours | 76.77 | +0.76 | +1.00% | ||
|
Light Sour Blend • 3 hours | 79.82 | +0.76 | +0.96% | ||
|
Syncrude Sweet Premium • 3 hours | 86.77 | +0.76 | +0.88% | ||
|
Central Alberta • 3 hours | 77.17 | +0.76 | +0.99% |
|
Eagle Ford • 2 days | 79.29 | -0.04 | -0.05% | ||
|
Oklahoma Sweet • 2 days | 79.25 | -0.50 | -0.63% | ||
|
Kansas Common • 1 day | 73.75 | +0.75 | +1.03% | ||
|
Buena Vista • 2 days | 87.23 | -0.55 | -0.63% |
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Energy / Energy-General
OPEC Members Pursue Own Agenda As Glut Persists
Amid reports of inventory increases, further surges in future non-OPEC supply and prices lying stagnant in the $40s, it’s becoming clear that the OPEC deal to extend production cuts in…
The Fourth Industrial Revolution Is Fueled By Oil
Artificial intelligence is already here, with algorithms replacing traders on Wall Street and tanker watchers in ports. Robots are here, too, drilling wells and cleaning pipelines, assembling cars, and performing…
North American Pipeline Capacity Crisis Looms Large
Canada’s problem with its oil pipeline capacity is becoming increasingly serious as opposition to new pipelines is growing in intensity. The situation will only worsen in the coming months as…
Oil Flat As OPEC Sees Market Balancing At “Slower Pace”
Oil prices held mid to higher $40’s as OPEC admits it sees the markets rebalancing at a slower pace than anticipated. (Click to enlarge)
Could Russian Hackers Cause Power Outages In The U.S.?
Hackers believed to be allied with the Russian government have devised a cyberweapon that has the potential to be highly disruptive against the world's electrical systems, researchers have reported. The…
Shale Output Set To Hit All Time High Next Month
While the June oil production data is still pending, it is safe to say that the June oil output from U.S. shale producers - estimated today by the EIA…
Oil Prices Are Set To Rebound
The latest selloff in oil prices have left speculators in a predicament: The fundamentals continue to look poor with unimpressive drawdowns in crude oil stocks, but there is a general…
Is Big Oil’s Bet On Petrochemicals A Bust?
Thanks to the last years’ unstable crude markets, peak oil demand looming around the corner, rising use of renewable energy and electric vehicles, and flooded markets, big oil is looking…
Russia, Saudi Arabia: The OPEC Deal Works Fine
Russia and Saudi Arabia, the biggest participants in the international oil production cut deal, seem to be still confident that it will achieve the results everyone in OPEC and its…
Record Breaking U.S. Exports Could Hurt Oil Markets
U.S. exports have spiked in recent weeks, upending longstanding trade flows. But while that may be good news for some U.S. drillers, the unusually high level of crude exports are…
Oil Pipelines To Be Inspected By Robots
The robots are coming to oil and gas. This message is something we’ve been hearing a lot lately, what with autonomous trucks, piloted by Canada’s Suncor, to automated drilling…
Nigeria To Return 20% Of OPEC Cuts To The Market
Shell lifts force majeure on Forcados oil in Nigeria Royal Dutch Shell (ticker: RDSA) lifted force majeure on exports of Nigeria’s Forcados oil grade, returning about 250 MBOPD to world…
Trump Takes Aim At Another Obama-Era Environment Rule
The Trump administration is going after another of the Obama-era environment protection rules by ordering a review of conservation plan for the greater sage grouse, in a move that would…
Automakers Prioritize Climate Despite Trump’s Decision
Automakers are disappointed with President Donald Trump’s decision to exit the Paris climate accord – and some will back the agreement without him. Two of the U.S.’s vehicle manufacturing
The OPEC Deal Looks Destined To Fail
Friday June 9, 2016 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…
Sellers Take Control Of Oil Markets
September West Texas Intermediate Crude Oil Analysis September West Texas Intermediate crude oil futures are expected to close lower for the week. The market is being pressured by evidence of…
Pessimism Sweeps The Oil Markets
Oil has fallen lower this week, with a particularly bearish EIA report combining with geopolitical tensions in the Middle East to push…
U.S. Rig Count Continues Its Ascent Unabated
The number of active oil and gas rigs in the United States rose again this week by 11—making it 21 weeks of consecutive gains—the longest growth streak since at…
Libya’s Largest Oil Field Resumes Production
Libya’s largest oil field, El Sharara, has resumed production after workers had shuttered the 270,000-bpd field on Wednesday, protesting over the lack of medical treatment for a co-worker who…
Countering ISIS: Iraq Aims To Triple Its Refining Capacity
Iraq is planning to triple its refining capacity as the third-largest oil exporter increases crude oil production, Bloomberg reported, based on an interview with an official in the country.
