 |
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 | 77.26 | -1.51 | -1.92% | ||
|
Gasoline • 11 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
Saudi Arabia Growing Nervous Over OPEC Compliance
OPEC officials are hoping to limit the production of both Libya and Nigeria, as fears grow that the two exempted members are undermining cuts from the rest of the cartel.…
Will The UAE Further Boost Its OPEC Compliance?
Following Saudi Arabia’s pledge to do the same, the United Arab Emirates announced on Tuesday its plans to reduce oil exports beginning in September of this year. The announcement was…
Saudis To Take ‘Significant’ Measures To Bolster Oil Prices
At the meeting of OPEC and non-OPEC producers in St. Petersburg on Monday, Saudi Arabia announced its intention to take further action to bolster flagging oil prices. Saudi oil minister…
Oil Markets Unimpressed By OPEC Meeting
The 4th OPEC- Non-OPEC Ministerial Monitoring Committee meeting in St Petersburg, Russia, has – as expected- been a renewal of commitment by the leading producers Saudi Arabia, Russia and others,…
Falling Chinese Demand May Be OPEC’s Biggest Dilemma
While OPEC is trying to ‘fix’ the supply side of the oil market, demand at one of the world’s top refiners is faltering in the summer—a season on which the…
Ecuador’s Defection From The OPEC Deal Doesn’t Matter
Earlier this week, Ecuador’s Oil Minister Carlos Perez announced that the country would no longer abide by its commitment to the Vienna Accord. That’s the OPEC-Russia deal to cut oil…
Aggressive U.S. Oil Sanctions Could Bankrupt Venezuela
The U.S. government has warned that it would take “swift economic actions” if the Venezuelan government proceeds with a July 30 move to rewrite the constitution to consolidate power…
Energy Equities Hit Hard By Unstable Oil Prices
Back in May, we pointed out an interesting observation made by Goldman: unlike late 2015 and most of 2016, when equities demonstrated surprising resilience to the swoon in oil prices, in…
Oil Market Aloof Despite Falling Inventories
The dog days of summer seem to be bringing on even more dog days for OIL. From my perch, there now seems to be very hard caps on where oil…
Daily OPEC Oil Prices Now Public For The First Time Ever
Despite the oil industry being arguably the most vital and influential sector in the world, the average member of the public knows relatively little about its inner workings. Oil prices…
OPEC Meets Next Week To ‘Fix’ Compliance Problem
Kuwait’s Oil Minister Essam al-Marzouq has delivered an anticlimactic statement regarding the upcoming OPEC ministerial meeting in St. Petersburg: the ministers will discuss compliance levels with the November oil output cut…
The Abrupt Demise Of Dutch Gas
The largest and oldest-producing gas field in Western Europe, the Groningen field, is on the verge of being shut down. If that happens, it will entail the tumbling of Netherlands'…
Why Oil Prices Can’t Gain Traction
Despite U.S. oil stocks falling 7.6 million barrels, the biggest drop since September, a recent Financial Times article reports, quoting U.S. Energy Information Administration data, that the oil price is…
Permian Oil Reserves Are Grossly Exaggerated
We are entering a new age of American energy dominance according to Energy Secretary Rick Perry. President Trump reflected that view in comments he made last week that “…we’ve got underneath…
Is This A Sign That The OPEC Deal Is Doomed?
Late on Monday the oil world was shocked to learn that Ecuador planned on exceeding its OPEC production quota, publicly breaking from the supply cuts agreed to in November 2016…
U.S. Shale Output Just Reached A New Record
One month ago, we reported that based on recent data, June oil output from shale producers would post the first double-digit production growth since July of 2015, when…
4 Reasons Oil Will Rally Back To $50
“I think there is a high probability that we could see [WTI] rallying back to $50,” Bob Parker, member of the investment committee at Quilvest Investment Management, said on
Did OPEC Create The U.S. Shale Problem?
Yet again, U.S. shale producers are benefitting from the disastrous game of chicken deployed by OPEC back in 2014. And that’s something which is at once ironic and deeply worrying.…
Are Deeper Cuts OPEC’s Only Option?
Despite the November, 2016 Vienna crude oil agreement among OPEC and certain non-OPEC (NOPEC) producers and its subsequent May 2017 extension, the global crude oil market is still burdened…
Ignore The Hype: Oil Is Rangebound
Investors can be forgiven if they are more puzzled than ever regarding the trajectory of oil prices. The gyrations over the past month have induced a sense of deep despair,…
