 |
Louisiana Light • 6 days | 84.02 | -0.54 | -0.64% | ||
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Bonny Light • 1 day | 88.24 | +0.87 | +1.00% | ||
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Opec Basket • 2 days | 86.54 | +1.08 | +1.26% | ||
|
Mars US • 3 hours | 83.83 | +1.61 | +1.96% | ||
|
Gasoline • 10 mins | 2.450 | +0.018 | +0.73% |
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Bonny Light • 1 day | 88.24 | +0.87 | +1.00% | ||
|
Girassol • 1 day | 87.67 | +0.75 | +0.86% | ||
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Opec Basket • 2 days | 86.54 | +1.08 | +1.26% |
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Peace Sour • 8 hours | 77.90 | +1.03 | +1.34% | ||
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Light Sour Blend • 8 hours | 81.20 | +1.93 | +2.43% | ||
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Syncrude Sweet Premium • 8 hours | 83.30 | +1.03 | +1.25% | ||
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Central Alberta • 8 hours | 77.90 | +1.03 | +1.34% |
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Eagle Ford • 1 day | 83.33 | +1.61 | +1.97% | ||
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Oklahoma Sweet • 1 day | 82.00 | +1.75 | +2.18% | ||
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Kansas Common • 5 days | 74.00 | +1.75 | +2.42% | ||
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Buena Vista • 5 days | 87.11 | +1.70 | +1.99% |
Breaking News:
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Oil Tops $80 After OPEC+ Sticks To Plan To Ease Cuts
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Energy / Oil Prices
OPEC Adding to Capacity Amid Concern Supply will Dampen Oil Prices
OPEC member countries have resumed work on 35 new projects that will increase production capacity by 5 million barrels a day, adding to concerns that the increasing world capacity will…
Flaws in Weekly EIA Inventory Reports
"The numbers in this report can't be right -- and yet the market is reacting to them!" -- there's a complaint we've heard so many times about USDA reports, but…
Oxford Study Sparks New Round of "Peak Oil" Debate
The debate about “peak oil” flared up again following a new report from Oxford University claiming that conventional oil reserves are inflated by a third and that added reserves from…
Politics and Peak Energy - Have we Reached the Tipping Point?
Economic success, growth, and an affluent (happy) consumer lifestyle directly depend on an abundance of inexpensive energy. Conversely, the quantity and type of energy consumed can have a very adverse…
The U.S. No Longer Controls the Price of Oil in a Peak Oil World
Back in the days when US oil demand controlled the price of oil, a massive recession in the United States would have sent oil to 12.00 dollars a barrel. That…
Happy 50th Anniversary Year OPEC
On September 14, 1960 OPEC began operations as an ad-hoc talk-shop of sorts, and five years later became a permanent part of Vienna’s international bureaucracy. I have decided to send…
Crude Prices Stagnate Amid Doubts About Global Demand
Oil Market Summary 03/08/2010 to 03/12/2010. Crude oil prices tread water for the week as uncertainty about demand continued to weigh on the market. Prices were down slightly on the…
There Will be No Economic Recovery as the Era of Cheap Oil Comes to an End
a href="http://www.businessinsider.com"> When oil crossed $120 a barrel for the first time in May 2008, oil cornucopians knew they were in trouble. Prices had quadrupled in just five years, yet…
Iraq Awards Drilling Contract as it Reaches for Ambitious Oil Production Target
Iraq announced a $318 million contract with a unit of Turkish Petroleum to drill 45 wells in the supergiant Rumaila oilfield as the country strives to regain and even surpass…
One Night Stand Pricing
What's more important: upside or stability? That debate constantly rages amongst commodities producers. Especially when it comes to deciding whether to sell gold, copper or oil at spot versus long-term…
Oil Prices Rise Amid Mixed Economic Data as Euro Concerns Ebb
Oil Market Summary for 02/16/2010 to 02/20/2010. An easing of the crisis in Europe gave energy markets a firm tone last week that enabled crude oil futures to gain nearly…
More About Oil (Part 2): OPEC'S STRATEGY
The IEA has apparently calculated that OPEC earned 575 billion (U.S.) dollars in oil export revenues in 2009, a relatively depressed year, and might earn more than 700 billion this…
More About Oil (Part 1): A Preview of The New Decade
In 20 years I predict energy wars over oil and gas resources. By the time it becomes politically profitable to react to problems in the transport energy sector, it will…
China's Monetary Moves Undercut Crude Oil Rally
Oil Market Summary for 02/08/2010 – 02/12/2010. Crude oil prices took a dive on Friday after a week of gains from U.S. blizzards were undercut by another move in China…
Endless Oil: Prices NOT Peaks are the Issue
”Endless Oil” is the title of a piece in Business Week (Jan, 18, 2010). Its author is Stanley Reed, and it was interesting for me because I remember when Business…
Are Official Estimates of Oil Reserves Correct? What Does this Mean for Oil Prices
Over the next year or two, you will likely find yourself paying a LOT more at the gas pump. Big changes are taking place in the oil industry . With…
A Look at the Exploration Business and Mining Economics
We spend a lot of money looking for mines. Drilling, trenching, sampling, assaying, metallurgical testing, running geophysical surveys, taking soil geochemistry samples. All of these things are necessary to locate…
Oil Prices Fall as Winter Premium Melts Away
Oil Market roundup: 11/01/2010 to 15/01/2010. Crude oil futures fell for five straight sessions as warmer weather in the U.S. dispelled forecasts of unusually low temperatures and allowed concerns about…
A Disobliging Update on the Price of Oil
There still seems to be a deplorable uncertainty about the future price of the most important commodity in the world. A few months ago Philip Verleger – now apparently guest…
What Happens When the Wells Run Dry?
One nagging question that the industrial world has been asking itself since the discovery of the first oil well is what happens when the wells begin to run dry. The…
