 |
Louisiana Light • 2 days | 87.12 | +0.63 | +0.73% | ||
|
Bonny Light • 1 day | 90.15 | +1.75 | +1.98% | ||
|
Opec Basket • 2 days | 88.39 | -0.06 | -0.07% | ||
|
Mars US • 176 days | 77.26 | -1.51 | -1.92% | ||
|
Gasoline • 17 hours | 2.765 | +0.006 | +0.23% |
|
Bonny Light • 1 day | 90.15 | +1.75 | +1.98% | ||
|
Girassol • 1 day | 90.85 | +1.82 | +2.04% | ||
|
Opec Basket • 2 days | 88.39 | -0.06 | -0.07% |
|
Peace Sour • 1 day | 76.77 | +0.76 | +1.00% | ||
|
Light Sour Blend • 1 day | 79.82 | +0.76 | +0.96% | ||
|
Syncrude Sweet Premium • 1 day | 86.77 | +0.76 | +0.88% | ||
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Central Alberta • 1 day | 77.17 | +0.76 | +0.99% |
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Eagle Ford • 2 days | 80.05 | +0.76 | +0.96% | ||
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Oklahoma Sweet • 2 days | 80.00 | +0.75 | +0.95% | ||
|
Kansas Common • 2 days | 73.75 | +0.75 | +1.03% | ||
|
Buena Vista • 3 days | 87.23 | -0.55 | -0.63% |
Breaking News:
Reuters Estimates: Russian Oil and Gas Revenue to Double in April
Higher oil prices are expected…
Rising Middle East Risk Sparks Fear of $100 Oil
In case of further escalation,…
Energy / Oil Prices
Goldman Sachs: Inventory Drawdowns Will Not Continue
The September oil price rally was predicated on improving oil market fundamentals, bolstering confidence that the rebalancing process was accelerating. But the inventory declines reported in the third quarter might…
Oil Prices Poised To Rise In Early 2018
Oil prices will be lower for longer—that is the conventional wisdom. Data suggests, however, that oil supplies are tightening and that higher prices are likely in the relatively near-future. Refined Product…
OPEC To Take Drastic Action Despite Shale Slowdown
WTI recently dipped below $50 per barrel for the first time in a month, erasing the strong September rally. It’s no coincidence that after two weeks of price declines, OPEC…
World’s No.1 Oil Trader: U.S. To See Final Oil Output Spike In 2018
The best is yet to come for US oil production—but it will be a short-lived hurrah, according to Ian Taylor, head of oil trading giant Vitol. US oil production…
Oil Stable After OPEC Chief Suggests ‘’Extraordinary Measures’’
Brent crude and West Texas Intermediate started the week with gains after yesterday OPEC’s Secretary General, Mohammed Barkindo, said the cartel may have to take some “extraordinary measures” to…
Tax Breaks Make $50 Oil Profitable In The U.S.
While the U.S. administration is pushing for a tax code overhaul and supports American “energy dominance”, an environmental group suggests in a new study that at the current oil prices…
Oil Prices May Hit $60 By End Of 2017
As it turned out, my predictions of where prices would end up by the end of September were spot on. And now, we’re entering a period of rather narrow trading…
What Really Killed The Oil Price Rally
The oil market gained a lot of momentum in August and September, and Brent flirted with $60 per barrel toward the end of last month. But suddenly, oil prices have…
Next Week Could Be A Turning Point For The OPEC Output Deal
OPEC ministers and ministers from other oil producing nations will discuss this week the progress of the production cut deal and a mechanism to monitor crude oil exports, on…
OPEC Producers Unmoved By U.S. Shale Threat In Asia
Middle Eastern oil producers are confident that strong demand for their product from Asia will keep their coffers full even as U.S. shale boomers venture into the biggest regional oil…
Say ‘So Long’ To The Oil Rally
Crude oil prices extended their losing streak today as worries about once again rising global inventories frosted hopes that global supply is returning to normal. In the latest clear sign…
This Giant Oil Trader Sees Upside For Oil Prices
More than three years after Bob Dudley said that oil prices would be lower for longer, BP’s chief executive still thinks “a price of $50 a barrel looks like…
Goldman: Expect Oil Stocks To Catch Up With Rising Oil Prices
Shares in oil companies have underperformed the recent oil price rally, so some of those stocks are set to rise in a long-term oil price of $50-55, according to Goldman…
Traders Are Betting On $100 Oil In 2018
While oil industry executives are preparing to live and profit in the world of $50 oil over the next few years, some enthusiast investors have been betting on $100 oil…
$60 Oil Could Revive The Eagle Ford
The world’s hottest shale play right now, the Permian, is boosting its oil production and contributing the most to the U.S. crude output growth. Meanwhile, Texas’ other shale play, the…
The ‘’Silver Age’’ For Refiners
Refining margins jumped after Hurricane Harvey, due to the sudden disruptions of a significant chunk of the world’s refining capacity. In fact, the outages highlight how tight global refining supply…
Oil Prices Haven’t Plateaued Yet
Only a few weeks ago, pundits were bemoaning the collapse of oil prices. Then, these self-proclaimed soothsayers became doomsayers, and started predicting oil prices would decline to $40 a barrel…
Aramco Optimizes Oil Trading Operations Ahead Of IPO
Saudi Aramco will enter crude oil trading as part of valuation-boosting efforts ahead of its planned IPO in 2018, unnamed sources close to the company told Reuters. Aramco Trading…
Oil Prices At A Ceiling, Or Just Getting Started?
Oil moved back into bull market territory this week, with Brent prices jumping to a more than two-year high at $58 per barrel. A confluence of events has given…
Oil Prices Steady, But $80 Oil Is Coming, Says Analyst
Oil prices were basically flat early on Wednesday, but $80 oil could be just around the corner, according to analyst Jodie Gunzberg, head of commodity and real asset indices at…
