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WTI Crude •3 hours | 53.24 | +0.26 | +0.49% |
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Brent Crude •11 mins | 55.89 | -0.19 | -0.34% |
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Natural Gas •10 mins | 2.541 | +0.002 | +0.08% |
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Mars US •7 hours | 53.94 | +0.06 | +0.11% |
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Opec Basket •2 days | 54.85 | +0.93 | +1.72% |
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Urals •29 days | 42.22 | +0.00 | +0.00% |
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Louisiana Light •7 days | 55.57 | +0.56 | +1.02% |
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Marine •23 hours | 56.17 | +1.04 | +1.89% |
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Murban •23 hours | 56.54 | +1.25 | +2.26% |
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Iran Heavy •23 hours | 52.60 | +0.49 | +0.94% |
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Basra Light •23 hours | 57.63 | +0.14 | +0.24% |
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Saharan Blend •23 hours | 56.09 | +0.67 | +1.21% |
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Bonny Light •23 hours | 55.62 | +0.31 | +0.56% |
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Canadian Crude Index •23 hours | 40.05 | +0.49 | +1.24% |
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Western Canadian Select •6 hours | 41.98 | +0.56 | +1.35% |
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Canadian Condensate •21 hours | 51.98 | +0.56 | +1.09% |
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Premium Synthetic •21 hours | 53.38 | +0.56 | +1.06% |
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Sweet Crude •6 hours | 47.98 | +0.56 | +1.18% |
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Peace Sour •6 hours | 46.73 | +0.56 | +1.21% |
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Louisiana Light •7 days | 55.57 | +0.56 | +1.02% |
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Domestic Swt. @ Cushing •23 hours | 49.75 | +0.25 | +0.51% |
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Giddings •23 hours | 43.50 | +0.25 | +0.58% |
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ANS West Coast •6 days | 56.17 | -1.28 | -2.23% |
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West Texas Sour •23 hours | 47.19 | +0.26 | +0.55% |
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Eagle Ford •23 hours | 51.14 | +0.26 | +0.51% |
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Energy / Oil Prices
Oil Prices Jump Ahead Of Crucial OPEC+ Meeting On Saturday
Oil prices rallied early on Friday as the market expects a weekend meeting of OPEC and its Russia-led allies to roll over the current levels of the OPEC+ production cuts…
Outlook For Oil Remains Grim Despite 90% Rally
WTI rose almost 90 percent last month, which is the strongest monthly increase in the U.S. benchmark price ever recorded. Naturally, the news has been cause for joy among those rooting…
Saudi Arabia And Russia Agree To Extend Production Cuts
Saudi Arabia and Russia have reached a preliminary agreement to extend the current level of the OPEC+ production cuts by one month, provided that the laggards in compliance ensure over-compliance…
Brent Tops $40 For The First Time Since March
Brent Crude prices broke above $40 a barrel early on Wednesday, surpassing that threshold for the first time since Saudi Arabia and Russia broke up the previous OPEC+ pact on…
Why Saudi Arabia Is Desperate To Extend OPEC+ Cuts
OPEC+ hopes to reduce global storage volumes with their production cuts, and hopes to extend them through at least, the summer. OPEC’s regular meeting in Vienna is coming…
Will OPEC+ Extend Its Historic Production Cut Agreement?
OPEC+ is set to bring forward its meeting to Thursday, with a short extension of the current production cuts as the most likely outcome. Originally scheduled…
Saudi Arabia Could Set Trend For Higher Oil Prices In June
Saudi Arabia is likely to increase the price for its oil bound for Asia in July, a Reuters survey of five refinery sources showed on Monday. This is the second consecutive…
Oil Prices Are Unlikely To Break $40 This Year
Despite production cuts from OPEC+ and North America and slowly improving demand, oil prices are not expected to average much higher than current prices in 2020 because of renewed U.S.-China…
Stocks To Watch As Shale Bounces Back
There is no question that as the oil price dropped in the first quarter of 2020, producers reacted strongly curtailing new drilling, and actually shutting in existing production.…
Oil Prices Stabilize On Rumors Of An OPEC+ Extension
Oil traded flat on Thursday morning following yesterday’s correction driven by Saudi Arabia and other OPEC members signaling that they are considering extending the huge output cuts until…
Oil Markets Could Soon Face A Devastating Supply Crunch
Concerted production cuts by OPEC+ and IOCs have largely been canceled out by a sharp fall in global oil demand from a record peak of >100 mbd to…
Morgan Stanley Expects $40 Brent By Christmas
Morgan Stanley expects Brent crude to trade at $40 a barrel by the end of the year thanks to the recovery in demand, which has taken off faster than the…
Will U.S. Shale Survive If Oil Hits $40?
Within a month, the U.S. oil benchmark West Texas Intermediate recorded two first-of-a-kind events. First, it fell below zero on April 20. Then, it soared up so high…
Oil Prices Rise As Supply Shrinks
Oil prices rose early on Tuesday as market participants believed that improving demand and more supply coming off would ease the glut faster than expected. As of 10:37 a.m. EDT…
The State Of Texas Collected Huge Royalty Check Before Price Crash
The state of Texas collected at least US$13.4 billion in the form of royalties and taxes from the oil and gas industry last year, just before the oil price crash,…
$30 Oil Isn’t Good Enough For U.S. Shale
The rebound of WTI from below zero back into the $30s led to a wave of bullish trading, with energy stocks rallying in response. One renowned industry expert…
Chinese Hedge Funds Are Betting Big On An Oil Price Recovery
Little-known Chinese hedge funds are betting big on an oil price recovery on the Shanghai-traded yuan-denominated oil futures and are set to fill up all available storage for delivery…
Oil Is Unlikely To Go Much Higher
Oil prices have climbed nearly uninterrupted since late April, but the gains could be coming to an end. On Friday, oil prices fell sharply, hitting the…
Oil Tumbles On Fears Of Slow Chinese Economic Recovery
Oil prices dipped by more than 6 percent early on Friday, after China’s top policy-setting meeting didn’t set an annual economic growth target because of “great uncertainty” of the recovery…
Oil Climbs As Fears Of Negative Prices Fade
Trader anxiety has earned a reprieve, with oil markets dodging one of many bullets after a key U.S. benchmark oil futures contract avoided a repeat of the April fiasco that…
