 |
Louisiana Light • 2 days | 86.79 | -0.77 | -0.88% | ||
|
Bonny Light • 19 hours | 85.43 | -2.61 | -2.96% | ||
|
Opec Basket • 3 days | 88.72 | +0.00 | +0.00% | ||
|
Mars US • 180 days | 77.26 | -1.51 | -1.92% | ||
|
Gasoline • 30 mins | 2.574 | -0.003 | -0.12% |
|
Bonny Light • 19 hours | 85.43 | -2.61 | -2.96% | ||
|
Girassol • 19 hours | 86.37 | -2.70 | -3.03% | ||
|
Opec Basket • 3 days | 88.72 | +0.00 | +0.00% |
|
Peace Sour • 18 hours | 75.13 | -0.70 | -0.92% | ||
|
Light Sour Blend • 18 hours | 78.18 | -0.70 | -0.89% | ||
|
Syncrude Sweet Premium • 18 hours | 85.13 | -0.70 | -0.82% | ||
|
Central Alberta • 18 hours | 75.53 | -0.70 | -0.92% |
|
Eagle Ford • 2 days | 78.41 | -0.70 | -0.88% | ||
|
Oklahoma Sweet • 2 days | 78.25 | -0.75 | -0.95% | ||
|
Kansas Common • 2 days | 72.25 | -0.75 | -1.03% | ||
|
Buena Vista • 3 days | 87.60 | -1.22 | -1.37% |
Breaking News:
Israel Claims to Have Dealt a Serious Blow to Hezbollah
Israeli authorities claimed to have…
A Rarely Used Technique Could Double U.S. Grid Capacity
A rarely used technique called…
Energy / Oil Prices
Oil Prices Plunge As China Retaliates With Tariffs On U.S. Goods
While the oil market was jittery awaiting a Fed hint at interest rate policy, China retaliated in the trade war with the U.S., announcing plans to slap tariffs on…
The Downside Risk For Oil Prices Is Undeniable
Inverting yield curves, a shrinking German economy, Brexit, two trade wars, tariffs and slowing industrial activity in China are all pointing to the possibility of a recession. Even…
Iraq Moves To Upgrade Oil Export Capacity
Two factors make the urgent build-out of Iraq’s ailing and inadequate oil export infrastructure more essential than ever. The first is the increasingly dangerous security situation in the Persian Gulf…
Oil Markets Face Nightmare Scenario
Oil prices rose sharply on Tuesday after President Trump decided to delay tariffs, recognizing the negative impact tariffs would have on the U.S. economy. But by Wednesday, oil prices…
Saudis Consider All Options Amid Oil Price Slide
Last week, oil prices were in free fall, but all it took was a simple rumor to halt the meltdown. WTI was just a whisker away from sub-$50 territory, and…
Texas Crude Is Fetching Better Prices
Several major oil pipelines connecting West Texas to the Gulf Coast are set to come online in the next few weeks and months, allowing more Permian oil to hit the…
Oil Rises As Market Awaits Saudi Move Counter Glut
Despite another gloomy demand forecast out today, oil prices rose on Friday morning, following reports that OPEC’s kingpin Saudi Arabia is talking to other producers to devise a new strategy…
Oil Craters On Fears of Currency War
Oil prices plunged on Wednesday as fears of economic recession rose after a wave of interest rate cuts from around the world. In rapid succession, the central banks of India,…
The Threat That Will Send Oil Down To $10
Oil prices will need to trade at around $9 to $10 per barrel in the long run if gasoline is going to be able to compete with…
Oil Crashes On New Trade War Escalation
Oil resumed its decline on Monday after China showed signs of not backing down in the face of more tariffs from the United States. It wasn’t just oil. Financial markets…
Here’s Why Canadian Oil Prices Are Finally Rallying
“The pipeline companies are getting pretty creative on how they’re expanding some capacity out of the country,” Keith Chiasson, Executive Vice-President, Downstream at Cenovus Energy, said on the Q2…
Oil Could Plunge By $30 If China Restores Iranian Oil Imports
Should China decide to defy the latest U.S. tariff threat by ramping up imports of Iranian crude oil in open defiance to the U.S. sanctions on Iran, oil prices could…
Why Oil Prices Plunged Today
Oil traders – along with financial markets everywhere – were disappointed with the decision by the U.S. Federal Reserve despite the first interest rate cut since the global financial crisis…
Oil Crashes As Trade War Escalates
Oil prices crashed on Thursday immediately after President Trump announced another round of tariffs on China. ...during the talks the U.S. will start, on September…
Oil Trapped In Narrow Price Band
Oil prices appear to be trapped within a relatively narrow range, squeezed between competing forces on both the upside and downside. There is no shortage of news, but WTI is…
The Bakken Oil Boom Is Facing A New Bottleneck
Bakken drillers could struggle to grow oil production as they may soon run into transportation bottlenecks. The latest snag comes from a new law in Washington State, set to take…
What’s Stopping Oil From Breaking Out?
Oil prices have settled into a temporary rut, with WTI stuck in the mid-$50s and Brent in the mid- to low-$60s. Threats of supply disruptions in the Middle East have…
Central Bank Action Could Send Oil Higher
Faced with an economic slowdown, the European Central Bank indicated on Thursday that it was planning for an interest rate cut for the first time in more than three years.…
Hedge Funds Unexpectedly Set The Stage For An Oil Rally
As market participants continue to weigh two decisively bearish factors for oil prices—slowing oil demand growth and soaring non-OPEC oil supply—two potentially bullish drivers have made money managers return to…
The Two Most Important Catalysts For Oil
The International Energy Agency (IEA) said that it would cut its oil demand forecast due to a slowing global economy. “China is experiencing its slowest economic growth in the last…
