 |
Louisiana Light • 2 days | 91.16 | -0.74 | -0.81% | ||
|
Bonny Light • 20 hours | 95.60 | -0.40 | -0.42% | ||
|
Opec Basket • 2 days | 95.01 | -0.81 | -0.85% | ||
|
Mars US • 3 hours | 88.73 | -0.10 | -0.11% | ||
|
Gasoline • 4 hours | 2.562 | -0.058 | -2.22% |
|
Bonny Light • 20 hours | 95.60 | -0.40 | -0.42% | ||
|
Girassol • 20 hours | 96.55 | -0.49 | -0.50% | ||
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Opec Basket • 2 days | 95.01 | -0.81 | -0.85% |
|
Peace Sour • 19 hours | 84.13 | -0.03 | -0.04% | ||
|
Light Sour Blend • 19 hours | 84.63 | -0.03 | -0.04% | ||
|
Syncrude Sweet Premium • 19 hours | 93.23 | -0.03 | -0.03% | ||
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Central Alberta • 19 hours | 84.13 | -0.03 | -0.04% |
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Eagle Ford • 2 days | 86.11 | -0.65 | -0.75% | ||
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Oklahoma Sweet • 2 days | 86.00 | -0.75 | -0.86% | ||
|
Kansas Common • 2 days | 80.00 | -0.50 | -0.62% | ||
|
Buena Vista • 3 days | 95.23 | -0.92 | -0.96% |
An Apparently Unstoppable Oil Price Rally
There appears to be no…
The Tipping Point In Global Oil Demand
The adoption of EVs has…
Energy / Oil Prices
The Great Oil Market Paradox: Inflation Fears Meet Rising Demand
Inflation concern. Rate hike fears. These have been the drivers of oil market moves for months now. Demand and supply have largely remained ignored. But this may be about to…
Saudi Arabia’s Oil Production Cuts Isn’t Enough To Shake Bearish Sentiment
Leading OPEC producer, Saudi Arabia, has extended its voluntary 1M bbl/day oil production cut for another month, till August. The reduction will take the country's production to ~9M…
Saudi Arabia Hikes Oil Prices To Asia
Days after Saudi Arabia extended its voluntary production cuts, OPEC's largest producer has hiked some oil prices to Asia, Bloomberg has reported. According to the…
Middle East Defies Weakening Asian Market To Lift Prices
One of the most drastic production cuts of the past years, Saudi Arabia’s pledge of reducing its crude output by 1 million b/d in July, has so far been nothing…
Where Are Oil Prices Going? It's Complicated
Oil and gas drilling in the U.S. shale patch is slowing down. Rig counts have been falling for weeks, and the latest Dallas Fed Energy Survey also
Wall Street Turns Bearish As China's Economic Recovery Stalls
Last December, Beijing announced the most sweeping changes to its strict Covid-19 guidelines, including relaxing testing requirements and travel restrictions. As the world’s largest importer of crude, most commodity…
Oil Markets On Edge Ahead Of Fed Meeting
Oil prices have bounced back after Monday's $3 per barrel decline, but markets remain on edge ahead of the latest Fed meeting. Investor Alert: Whether you are new to…
Oil Traders Ignore Saudi Warning To ‘Watch Out’
Despite last week’s Saudi announcement of a unilateral oil production cut of 1 million barrels per day (bpd) in July, oil prices ended the week with a second consecutive weekly…
Saudi Arabia Suckered Again By Russia In OPEC+’ s Output Cut
As predicted in my article at the end of May - partly because Russian Deputy Prime Minister and key OPEC+ negotiator Alexander Novak…
EIA: Oil Prices Will Not Rally Despite Saudi Output Cut
Oil prices will not average more than $80 per barrel in the second half of this year, despite the most recent production cut announced by Saudi Arabia, the U.S. Energy…
U.S. Crude Joins Biggest Oil Benchmark
Starting today, U.S. oil will be part of the Brent crude basket that underlies the world's most traded benchmark contract. It will be the first non-European grade included in the…
WTI Screams Back Up Past $70 Despite Crude Inventory Builds
Crude oil prices turned around on Thursday, erasing most of the week’s earlier losses despite the latest EIA report that indicated crude oil inventories rose more than expected. WTI was…
WTI Plunges Below $70 With U.S. Debt Deal In Jeopardy
WTI crude oil futures sank below $70 per barrel on Tuesday as a shakily forged debt ceiling deal threatened to disrupt financial markets. WTI plunged 3.13 by noon—a 4.14% dip…
Debt Ceiling Deal Optimism To Boost Oil Prices
Oil markets have kicked off the new week on a slightly sour note with leading benchmarks recording minor gains. WTI crude was up 0.37% to trade at…
OPEC+ Cuts Fail To Boost Middle East Oil Prices
The OPEC+ voluntary production cuts, on paper promising curtailments amounting to 1.66 million b/d, should have been the main story for May. Regrettably for many in the Middle East, just…
Oil Prices Fall Again As Wall Street Sees Threat Of Historic Default
Oil prices shed 1% in Thursday morning trading over American debt and the prospects for a historic default, despite gains on Wednesday driven by demand optimism in the…
Oil Prices Rise As Canada Wildfires Rage On
Crude oil prices were on the rise on Monday as the market continued to fear a tightening of crude supplies on Canadian wildfires. Crude oil prices were…
Is The Oil Price Slide Finally Over?
Despite oil’s most recent slump to a 15-month low last week, analysts and investment banks continue to expect higher prices at the end of this year as demand is set…
Why Oil Prices Are Plunging Despite Falling Inventories
Oil prices have lately lost their forward momentum, with both Brent and WTI crude plunging this week. A rather puzzling trend is being…
EIA Inventory Report Fails To Arrest Oil Price Slide
Crude oil prices continued lower after the Energy Information Administration reported yet another weekly inventory draw on crude oil inventories. The report came a day after the American Petroleum…
