 |
Louisiana Light • 2 days | 86.60 | -0.08 | -0.09% | ||
|
Bonny Light • 1 day | 88.69 | -0.04 | -0.05% | ||
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Opec Basket • 2 days | 87.35 | -2.29 | -2.55% | ||
|
Mars US • 169 days | 77.67 | -1.57 | -1.98% | ||
|
Gasoline • 15 hours | 2.710 | -0.003 | -0.13% |
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Bonny Light • 1 day | 88.69 | -0.04 | -0.05% | ||
|
Girassol • 1 day | 89.20 | -0.10 | -0.11% | ||
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Opec Basket • 2 days | 87.35 | -2.29 | -2.55% |
|
Peace Sour • 23 hours | 75.30 | -0.05 | -0.07% | ||
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Light Sour Blend • 23 hours | 78.35 | -0.05 | -0.06% | ||
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Syncrude Sweet Premium • 23 hours | 85.30 | -0.05 | -0.06% | ||
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Central Alberta • 23 hours | 75.70 | -0.05 | -0.07% |
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Eagle Ford • 2 days | 79.21 | +0.04 | +0.05% | ||
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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% |
Sao Paulo's Power Grid Nears Breaking Point
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U.S. Drilling Activity Continues to Drop Off
The total number of active…
Energy / Energy-General
An OPEC Induced Supply Deficit Looms
Friday December 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…
Expert Commentary: The Long Road To Oil Market Balance
• WTI has traded in a narrow range this week ($52.42/$49.61) heading into tomorrow’s meeting between Russia, Azerbaijan, Kazakhstan, Oman and Mexico which could help determine whether or not OPEC…
Oil Edges Higher As OPEC Pushes NOPEC For Output Cut
Oil prices inched higher on Friday afternoon, holding above $50 ahead of the Non-OPEC producer meeting this Saturday.
The OPEC Effect? U.S. Rig Count Spikes Most In 31 Months
The number of oil and gas rigs in the United States was up again this week, with an increase of 27. Active oil rigs in the United States increased by…
Saudi Arabia Cuts Oil Deliveries To U.S.
Saudi Arabia has informed its clients that their crude oil deliveries in January will be lower, to reflect the country’s compliance with the production cut agreed on by OPEC members…
OPEC Deal Not Enough To Draw Down Record Oil Inventories
Even if OPEC producers’ ministers hail the cartel’s deal to cut collective supply as the beginning of oil market rebalancing and stabilization, Bloomberg News has calculated that global oil…
Japan Importing Less Crude Oil; Gives Iran, Russia Cold Shoulder
Japan’s crude oil imports dropped to 3.055 million barrels per day in October, down by 5.6 percent from September, the Petroleum Association of Japan (PAJ) said on Friday. According…
Filling The Gap: Tomorrow’s Most Popular Oil Trade
Credit Suisse AG recently decided to delist two very popular and risky oil exchange-traded notes (ETNs) on the exchanges beginning today, December 8, and companies are now scrambling to fill…
Did Big Oil Layoff Too Many Workers Too Quickly?
What was once a mere warning to the oil industry has now become a reality: the severe cost cuts undertaken by virtually every oil and gas business in the world…
More Federal Land Drilling: Possible, But Not Profitable
As the United States catches its breath following the shock election victory of Donald Trump, the oil industry could be facing significant changes, including the President elects’ open door policy…
Trump’s Energy Advisor Hamm: We Are So Much Stronger Than The Saudis
U.S. crude oil production is not expected to rise much next year from the current levels of around 8.6 million bpd, energy mogul Harold Hamm said at the S&P…
Leonardo DiCaprio Meets With Trump To Discuss Creation Of Millions Of Green Jobs
In one of the more unexpected visits to take place to the penthouse at the Trump Tower on Wednesday, Leonardo DiCaprio and the head of his foundation met with President-elect…
The End Of The Bust? U.S. Shale Patch Could Start Hiring Soon
More than 150,000 jobs in the oil and gas sector in the U.S. have been cut since the start of the oil price crisis in mid-2014. In just the…
EIA Reports Crude Inventory Draw Amid Rising Doubts On OPEC Deal
As doubts about the effectiveness of OPEC’s production cut deal continue to rise, the EIA reported a 2.4-million-barrel fall in commercial inventories for the week to December 2. The…
Oil & Gas Stocks Soar On OPEC Deal – Can The Rally Continue?
The markets are reacting to the Organization of Petroleum Exporting Countries’ (OPEC) planned production reduction not just in oil price spikes, but stock prices, too—giving the deal the power to…
Venezuela’s Maduro Praises The OPEC Deal, But How Good Is It Really?
Nicolas Maduro, the Socialist president of recession-hit and hyperinflation-stifled Venezuela, was the most vocal supporter and promoter of an OPEC deal to reduce oil supply in a bid to lift…
Permian - Hottest Oil & Gas Zip Codes, Or Dangerous Bubble?
It is a very frustrating deal market in O&G overall. Despite the collapse in oil prices from a couple years ago the deal flow is still very slow, the buyer/seller…
Oil Rally Hits The Wall As Markets Grow More Skeptical Of OPEC Deal
After rallying to 16 month highs on the back of the OPEC output deal, oil is falling as a result of record OPEC production, complicating the proposed cuts.
OPEC Winners: Iran Brags It Can Now Sell As Much Oil As It Wants
Iran is now able to sell as much oil as it wants and to any country it “deems appropriate”, the oil ministry’s news service Shana quoted Iranian President Hassan Rouhani…
Oil Dips – Is This The End Of The OPEC Rally?
The crude complex is finally taking a breather after the recent OPEC-sponsored rally. We're now faced with the juxtapositioning of rising OPEC output versus promised cuts; something which could well…
