 |
Louisiana Light • 3 days | 87.12 | +0.03 | +0.03% | ||
|
Bonny Light • 1 day | 89.32 | +0.45 | +0.51% | ||
|
Opec Basket • 3 days | 86.51 | -1.01 | -1.15% | ||
|
Mars US • 174 days | 77.26 | -1.51 | -1.92% | ||
|
Gasoline • 21 mins | 2.748 | +0.014 | +0.50% |
|
Bonny Light • 1 day | 89.32 | +0.45 | +0.51% | ||
|
Girassol • 1 day | 89.90 | +0.45 | +0.50% | ||
|
Opec Basket • 3 days | 86.51 | -1.01 | -1.15% |
|
Peace Sour • 5 hours | 76.01 | -0.55 | -0.72% | ||
|
Light Sour Blend • 5 hours | 79.06 | -0.55 | -0.69% | ||
|
Syncrude Sweet Premium • 5 hours | 86.01 | -0.55 | -0.64% | ||
|
Central Alberta • 5 hours | 76.41 | -0.55 | -0.71% |
|
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% |
Breaking News:
Small Banks Significantly Boost Loans to Oil And Gas Firms
Regional banks BOK Financial, Citizens…
$2-Trillion Funding Gap Casts Shadow over Energy Transition
Blackrock's Michael Dennis said that…
Energy / Energy-General
OPEC Out Of Moves As Goldman Sachs Expects Another Oil Glut In 2018
Oil prices are heading down again on swelling U.S. crude oil inventories, with Brent dropping below $50 per barrel for the first time this year. The OPEC deal that has…
Busting A Myth: U.S. Dollar Impact On WTI
How many times have you seen this: “Because the U.S. dollar is the quoted currency in oil, a stronger dollar buys more oil per dollar and causes the price…
Vital Oil Shipping Lane Becomes Target In Yemen’s Civil War
Yemen’s strategic Red Sea port, through which some 4 million barrels of oil flow daily to Middle Eastern markets, is becoming a focal point in the proxy war between Saudi…
Saudis Bet Big On Houston As Drilling Activity Picks Up
A Saudi logistics company has just opened a Houston office to seize the opportunity to ship increased volumes of oilfield and plant construction equipment to the Port of Houston as…
Are Banks About To Derail The New U.S. Shale Boom?
Just when international oil benchmarks are sliding down, banks are preparing to review the credit lines of U.S. E&Ps. Starting in April, lenders will reassess companies’ creditworthiness on the…
Oil Prices Continue To Face Pressure From Brimming Inventories
Crude is heading lower today after a solid build to crude inventories from the weekly EIA inventory report. As U.S. inventories climb to a new record high, crude is having…
How OPEC Shot Itself In The Foot
At the start of March, we showed a fascinating chart from Rystad Energy, demonstrating how dramatic the impact of technological efficiency on collapsing U.S. shale production costs has been:…
An OPEC Deal Extension Isn’t As Simple As It Sounds
It’s been six months now that oil prices have been reacting to OPEC, first to the possibility of an agreement, and then to the production cut deal itself, forged by…
Can Big Oil Survive A CO2 Crackdown?
Over the long run, the oil business is under threat. There are various arguments about why that might happen. Peak supply people argue we are running out of oil. Peak…
Trump’s Budget: Valuing Military Over Energy
Last week President Trump unveiled his budget blueprint, which detailed savage cuts to most areas of discretionary spending while boosting defense outlays by a whopping $54 billion. Nearly all…
Why Shell’s Oil Sands Sell Off Is Great News For Canadian Oil
There was a time when if a Canadian exploration and production (E&P) company bought out a foreign-controlled competitor, it was not only good for the country but financially beneficial because…
Oil Heads Lower As Traders Sell The Rumor
Oil prices fell to one week lows ahead of this week’s inventory data as rumors about a possible OPEC output cut extension failed to impress the markets.
Oil Prices Fall As Markets Lose Faith In OPEC Output Cut Extension
Crude prices are coming under selling pressure once again, as oversupply concerns dwarf OPEC production cut expectations. As equity markets join oil prices in charging lower, hark, here are six…
Iran’s 14 Billion-Barrel Oil Field Comes Online
Back from the wilds of Asia. Just in time to witness one of the most critical new field start-ups the global oil sector has seen in years. That’s the South…
Is China The Next Key Influencer In The Middle East?
Saudi Arabia’s king Salman last week invited Beijing to take a more active part in Middle East politics and in response, the Chinese Foreign Ministry said it would be happy…
OPEC Favors Production Cut Extensions As Next Meeting Nears
Members of the Organization of Petroleum Exporting Countries (OPEC) favor extending production cuts beyond June to continue efforts to rebalance global oil markets, according to a new report by Reuters.…
Is A Russian-Iranian Energy Pact In The Making?
In the lead-up to President Rouhani’s visit to Moscow, expected to take place in late March, a plethora of news regarding joint Russo-Iranian energy projects has been circulating on…
How Tesla Just Tripled Its Earnings In China
Earlier this month, Tesla Inc reported that its revenues in China topped $1 billion in 2016, more than triple the revenues it generated there in 2015. The Chinese market…
The Single Biggest Threat To An OPEC Deal Extension
If OPEC fails to agree to extend their production cuts for another six months, Iraq could be a major reason why. For many years after the 2003 U.S. invasion, Iraq…
The Oil Market Is At A Major Turning Point
Often the most important turning points in markets, and in this case the oil market, happen with a whimper rather than a bang. The ongoing crash in the oil market…
