 |
Louisiana Light • 1 day | 87.12 | +0.03 | +0.03% | ||
|
Bonny Light • 1 day | 88.20 | -0.49 | -0.55% | ||
|
Opec Basket • 1 day | 86.51 | -1.01 | -1.15% | ||
|
Mars US • 172 days | 77.26 | -1.51 | -1.92% | ||
|
Gasoline • 10 mins | 2.718 | +0.033 | +1.23% |
|
Bonny Light • 1 day | 88.20 | -0.49 | -0.55% | ||
|
Girassol • 1 day | 88.64 | -0.56 | -0.63% | ||
|
Opec Basket • 1 day | 86.51 | -1.01 | -1.15% |
|
Peace Sour • 11 hours | 75.10 | -0.32 | -0.42% | ||
|
Light Sour Blend • 11 hours | 78.15 | -0.32 | -0.41% | ||
|
Syncrude Sweet Premium • 11 hours | 85.10 | -0.32 | -0.37% | ||
|
Central Alberta • 11 hours | 75.50 | -0.32 | -0.42% |
|
Eagle Ford • 1 day | 79.33 | -0.29 | -0.36% | ||
|
Oklahoma Sweet • 4 days | 79.75 | +0.50 | +0.63% | ||
|
Kansas Common • 1 day | 73.00 | -0.50 | -0.68% | ||
|
Buena Vista • 4 days | 87.31 | +0.41 | +0.47% |
Weak Diesel Prices Reflect Global Economic Slowdown
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Energy / Energy-General
Has A Supply Deficit Already Emerged?
Friday April 14, 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…
Bullish News Puts Temporary Floor Under Oil Prices
U.S. West Texas Intermediate crude oil futures posted a strong gain this week, underpinned by a number of factors. The buying was strong enough to drive the market into its…
Oil Prices Rally Amid Rising Rig Count
Oil prices have rallied back into the mid $50’s on a bout of bullish data, but a rising rig count and elevated production in the Gulf of Mexico could cap…
Can Lenin Solve Ecuador's Oil Crisis?
100 years after the Great Russian Bolshevik Revolution, Lenin has once again seized power. Lenín Moreno, a socialist candidate and former UN Envoy on Disability and Accessibility, claimed last week’s…
China’s Electric Vehicle Market Is Unbeatable
Ford Motor Co. just announced an ambitious electrification strategy for China. The global Mondeo sedan will see the Mondeo Energy plug-in hybrid launched there early next year, followed by an…
U.S. Oil Rig Count Hits 2 Year High
This week’s Baker Hughes rig count has oil rigs up by 11, with a majority of the growth occurring in the Permian Basin in Texas and New Mexico. The…
Will Shale Kill Off The Oil Price Rally Again?
WTI has rallied more than 11 percent over the past month, raising hopes from oil bulls that maybe, just maybe, the price gains are here to stay. Oil had dipped…
Supply Crunch Or Oil Glut: Investment Banks Can’t Agree
In recent years, U.S. shale has thrown in another unknown in the mix of factors driving the price of oil. This year, shale output forecasts combine with OPEC’s production cuts,…
Could Guyana Become The Next Oil Hot Spot?
ExxonMobil last week announced its third successful oil find offshore Guyana – the tiny Latin American country squeezed between Venezuela and Suriname. The Snoek discovery follows hitting oil-bearing rock in…
Oil Prices Slip Despite Draw In Crude, Gasoline Inventories
A day after Saudi Arabia said it was willing to join a production cut extension and a day after the American Petroleum Institute estimated U.S. crude oil inventories…
Six Teenagers Win Court Appeal In Colorado Fracking Case
The Colorado Court of Appeals has recently ruled 2-1 in favor of six teenage activists who had petitioned the Colorado Oil and Gas Conservation Commission to consider a rule that…
Is The Oil Price Rally Running Out Of Steam?
Oil prices started the week at a one-month high, with geopolitical tensions and growing confidence over an OPEC deal extension driving a rally. But as oil prices settle in the…
Can ‘Fire Ice’ Solve Japan’s Energy Problem?
Resource-challenged Japan, the world’s top LNG importer, the third-largest oil consumer and net importer, and the third biggest coal importer, is estimated to have spent an additional annual average…
Arab Oil Producers Boast Over Half Of The World’s Reserves
The eleven Arab countries that comprise the Organization of Arab Petroleum Exporting Countries have combined proved reserves of 710 billion barrels of crude – 55.6 percent of the world’s total,…
Oil Prices Pull Higher On Outage In Libya’s Biggest Oil Field
Production from Sharara, Libya’s biggest oil field, has stopped again, unnamed sources told Bloomberg. The sources said the pipeline that carries crude from Sharara to the Zawiya export terminal…
The U.S. Rig Count Is An Over-Rated Indicator Of Future Oil Prices
The Baker Hughes North American Rotary Rig Count wallowed in relative obscurity among the world’s business writers for decades. The Hughes in Baker Hughes is the original Hughes Tool Company,…
Niger Delta Diplomacy At Work: Oil Production Recovers In Nigeria
Nigerian President Muhammadu Buhari’s nascent campaign to negotiate with separatists in the oil-rich Niger Delta has proven to be more effective in restoring oil output to pre-conflict highs than his…
EV Startups Fighting Uphill Battle Against Tesla
While Tesla, Inc. (TSLA), wowed investors by breaking $300 per share, it may be the leading anomaly for the cleantech and alt energy stock market. Reaching $53 billion in market…
Venezuela’s Maduro Tightens His Grip On Power
Venezuela’s economic, humanitarian and political crisis hit critical levels at the end of March, when Venezuela’s president and the Supreme Court of Justice initiated a process that will deprive the…
Moldova Picks Ukraine Over Russia In New Energy Deal
Ukraine’s DTEK Trading, owned by Rinat Akhmetov, and Moldova’s state-owned intermediary, Energocom, signed a one-year contract, on April 1, for the supply of electricity to Moldovan distributors. Energocom/DTEK’s only competitor…
