 |
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 • 175 days | 81.76 | +2.02 | +2.53% | ||
|
Gasoline • 9 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:
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Energy / Oil Prices
Barclays: Oil Prices To Drop This Quarter
The combination of bullish indicators that boosted oil prices last month are unlikely to last, and the price of oil in the third quarter is expected to drop from current…
OPEC’s Three Options To Boost Oil Prices
After the initial short-lived enthusiasm over OPEC’s production cuts, the market started ignoring attempts by the cartel to talk up oil prices as it became evident that the glut would…
The Two OPEC Members Benefitting From The Cut
While OPEC is preparing for yet another meeting to discuss compliance with its notorious production cut deal, two of its members are enjoying something of a windfall thanks to…
OPEC Cuts: A Curse For U.S. Refiners, A Blessing For Canadian Oil Sands
The lowered exports of OPEC heavy crude grades to North America are tightening the price spread between WTI and Western Canadian Select (WCS), cutting into the refining margins of U.S.…
Venezuela’s ‘’Election’’ Creates Opportunity For Oil Investors
On Sunday, an “election” occurred in beleaguered Venezuela, a member of OPEC and owner of the largest oil reserves in the world. The result of this election was hardly in…
The Secret Behind Better Oil Major Earnings
After several years of austerity and belt-tightening, the major international oil companies posted substantial profits in Q2 of 2017. The five largest private oil companies together generated more than…
As Oil Prices Rise, Are Oil Bulls Too Optimistic?
Optimism, at first tentative and in the last week more pronounced, has been taking over oil markets. Short positions on WTI were at a three-month low as of Monday,
Have Oil Majors Really Adapted To $50 Oil?
The oil majors, by and large, have posted dramatically better financial figures for the second quarter, a sign that their cost reduction efforts are bearing fruit. They are no longer…
Bulls Crushed As Oil Crashes Again
Oil markets received a heavy blow on Tuesday morning as oil crashed by 3 percent due to a surge in OPEC's July output. (Click…
Oil Prices Slip As OPEC Oil Exports Creep Higher
OPEC’s crude oil exports reached 26.68 million bpd last month, energy data provider Kpler said, on the back of higher shipments from Libya, Nigeria, and the UAE. The figure was…
This Oil Price Rally Has Reached Its Limit
Last week, crude oil rallied the most so far this year, gaining more than 8 percent, or $4 per barrel. Oil traders are much more optimistic than they were just…
Sanctions On Venezuela Could Push Oil Into The Mid-$50s
In response to Venezuela’s controversial vote on Sunday, a move which could dramatically increase the power of President Nicolas Maduro and grant his government the ability to re-write the constitution,…
Shale Drillers Aren’t As Safe As You May Think
It’s been the main headwind for OPEC’s oil output cut deal. Rising shale oil production in the U.S. has been making headlines for almost a year now. While initially the…
Can OPEC Boost Compliance Back To 100%?
A joint OPEC/non-OPEC technical committee will be meeting in Abu Dhabi on next week to discuss ways to improve compliance by members that have not been sticking 100 percent to their…
Waning OPEC Compliance Threatens Oil Price Rally
Analysts cut yet again—for a sixth consecutive month—their oil price forecasts for 2017 and 2018, as the slower-than-expected rate of oil market rebalancing puts an increasing amount of pressure on…
Are Traders Overlooking The Real Oil Price Influencer?
Was the meeting between the OPEC and non-OPEC oil ministers in St Petersburg, Russia on 24 July a game changer or not? There were high hopes for additional production cuts,…
The Key To Profiting In A Volatile Oil Market
Yesterday’s quarterly report from Conoco-Philips (COP) is showing a renewed trend among oil companies, mirroring the report of Anadarko Petroleum (APC) a few days earlier. Both are reporting negative earnings…
Is This Oil Price Rally Sustainable?
Oil prices have recovered as a result of a flurry of bullish catalysts, and while most oil majors see earnings improve, upstream investments are falling.
Oil Rises To 8-Week High Following Unexpected U.S. Inventory Draw
After a somewhat weak start to the Thursday session, oil prices rose to eight-week highs by noon, boosted by a stronger-than-expected inventory draw in the U.S. and pledges by…
How Oil Prices Are Held Hostage By Derivatives
The price of oil might just be the single most important number in the modern economy. Not only does it determine how much it costs you to drive to work,…
