 |
Louisiana Light • 2 days | 86.79 | -0.77 | -0.88% | ||
|
Bonny Light • 1 day | 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 • 10 mins | 2.597 | +0.020 | +0.76% |
|
Bonny Light • 1 day | 85.43 | -2.61 | -2.96% | ||
|
Girassol • 1 day | 86.37 | -2.70 | -3.03% | ||
|
Opec Basket • 3 days | 88.72 | +0.00 | +0.00% |
|
Peace Sour • 2 hours | 72.20 | -2.93 | -3.90% | ||
|
Light Sour Blend • 2 hours | 75.25 | -2.93 | -3.75% | ||
|
Syncrude Sweet Premium • 2 hours | 82.20 | -2.93 | -3.44% | ||
|
Central Alberta • 2 hours | 72.60 | -2.93 | -3.88% |
|
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% |
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Energy / Oil Prices
WTI-Brent Spread Narrows To Smallest In Five Months
Rising U.S. rig count and oil production—along with a firmer U.S. dollar—sent oil prices down by 1 percent early on Monday, but the spread between the U.S. benchmark WTI and…
Three Wild Cards That Could Hurt The Oil Rally
The 2018 oil rally is happening at breakneck speed. As I write this, West Texas Intermediate (WTI) is above $66 a barrel while Brent crude is breaching $71 a barrel…
Oil Prices Ease As Refinery Maintenance Season Draws Near
Crude oil prices eased in early trading today, with WTI at US$65.43 a barrel in morning trade in Europe, after yesterday hitting US$66.66 a barrel, the highest since December…
Weak Dollar Drives The Oil Rally
Defying gravity, WTI and Brent soared to new heights this week, pushed along by an unlikely ally: U.S. Treasury Secretary Steven Mnuchin. Mnuchin surprised reporters when he seemed to…
What Could Push Oil To $100?
If anyone thought the latest oil market outlooks of the EIA and the IEA are upbeat, here’s an even more upbeat one from Energy Aspects: The consultancy expects crude demand…
Why Oil Prices Could Dive
WTI briefly touched $65 per barrel after the EIA reported a surprise drawdown in inventories — the highest price since late 2014. Although the rally hit some stumbling blocks…
Oil Prices Rise On Brighter Global Economic Prospects, OPEC Cuts
Oil prices were up early on Tuesday, supported by a brighter outlook on the global economy for this year and next, as well as the continued high compliance of OPEC…
Oil Inches Higher On Saudi, Russian Rhetoric
Crude oil started the week with gains following comments made by the Russian and Saudi Arabian Energy Ministers at their meeting in Oman, reinforcing an overwhelming feeling of volatility on…
What’s The Limit For Permian Oil Production?
The ‘hottest shale play’ has been the media’s favorite cliché for the Permian Basin over the past year. And while cliché, the basin straddling West Texas and New Mexico has…
OPEC Under Pressure As Oil Rally Continues
The surge of Brent crude prices over the last few weeks to $70 may be rattling OPEC, raising questions about the longevity of the collective production cuts. Top OPEC officials…
Strong Oil Demand Growth Supports Oil At $70
Although oil prices were down early on Tuesday, with Brent just below the $70 threshold, robust global oil demand growth and continued OPEC-Russia production cuts are currently supporting the price…
Can The Oil Price Rally Continue?
Oil prices took a breather in early trading on Friday, raising questions over what will happen next. Can the rally continue, pushing Brent well into the $70s? Or will prices…
Goldman: OPEC Will Talk Oil Prices Down If Brent Tops $70
OPEC doesn’t want central banks around the world the start responding to inflationary pressure from oil prices above $70 a barrel, nor do they want U.S. shale investments to rise,…
The World’s Most Expensive Oil
When asked about the most expensive oil grade out there, those working in the oil industry are caught blindsided because there’s no easy way to answer this question. The price…
Is The Current Oil Price Rally A “Head Fake?”
With oil prices at their highest level since 2015, the next stop along the way seems to be $70 per barrel. However, some analysts see the more likely scenario as…
Iranian Protests Will Not Impact Oil Prices
In Iran, as it is in many Persian Gulf states, oil is the sole economic backbone. It provides federal revenues for basic goods and services and employs large swaths of…
Grading 2017 Oil Price Predictions
The results of my 2017 energy predictions were a mixed bag this year. I correctly forecast that Donald Trump would take action on some stalled pipeline projects and that…
Is An Oil Price Correction Overdue?
Oil prices rallied in the first week of 2018, supported by increased geopolitical risk and severely cold weather in the eastern U.S., but the ‘perfect storm’ that pushed oil prices…
Are Markets Warming Up To OPEC Output Cuts?
After hitting a low of below $43/barrel in mid-2017, the oil price has risen inexorably to its highest level since 2015, according to the Financial Times. Rising some 35 percent since…
Saudis Slash Oil Price To Save U.S. Market Share
Saudi Aramco has cut the price of Arab Light for the U.S. market further for February despite shipping record-low amounts to its biggest customer. U.S. refiners will receive Arab…
