 |
Louisiana Light • 4 days | 89.16 | +0.62 | +0.70% | ||
|
Bonny Light • 1 day | 91.29 | -2.25 | -2.41% | ||
|
Opec Basket • 4 days | 90.77 | +0.15 | +0.17% | ||
|
Mars US • 164 days | 77.67 | -1.57 | -1.98% | ||
|
Gasoline • 10 mins | 2.788 | +0.004 | +0.13% |
|
Bonny Light • 1 day | 91.29 | -2.25 | -2.41% | ||
|
Girassol • 1 day | 91.81 | -2.21 | -2.35% | ||
|
Opec Basket • 4 days | 90.77 | +0.15 | +0.17% |
|
Peace Sour • 3 hours | 78.51 | -0.25 | -0.32% | ||
|
Light Sour Blend • 3 hours | 82.16 | -0.25 | -0.30% | ||
|
Syncrude Sweet Premium • 3 hours | 89.11 | -0.25 | -0.28% | ||
|
Central Alberta • 3 hours | 78.91 | -0.25 | -0.32% |
|
Eagle Ford • 4 days | 82.14 | +0.64 | +0.79% | ||
|
Oklahoma Sweet • 4 days | 82.00 | +0.50 | +0.61% | ||
|
Kansas Common • 4 days | 76.00 | -5.50 | -6.75% | ||
|
Buena Vista • 5 days | 88.72 | -1.19 | -1.32% |
The Rare Metal Keeping Biden and Xi Awake at Night
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Energy / Oil Prices
What Iron Ore Prices Tell Us About Where Crude Oil Is Headed
Historically, the prices of two of the world’s biggest commodities, crude oil and iron ore, are strongly correlated, which is hardly surprising given that they are the lifeblood…
High Oil Prices Are Fueling Economic Growth In The Middle East
In a year of global economic uncertainty fuelled by inflation, geopolitical crises and supply chain insecurity, the Middle East witnessed a second consecutive year of economic growth, with…
Why 2023 Is Likely To See Much Higher Oil Prices
Earlier this week, oil prices plunged to 2022 lows as energy markets panicked about demand amid COVID chaos in China that has resulted in an unexpected and extraordinary…
No Deal On Russian Oil Price Cap As Deadline Looms
The European Union has failed to agree on the price cap for Russian oil proposed by the G7 as Poland refused to accept the suggested price level, which…
Middle East Oil Producers Under Pressure To Cut Prices Again
The Middle East has been steadily reaping the benefits of its oil bounty throughout 2022, arguably one of the most successful years for the region at large in…
Goldman Sachs Slashes Oil Price Forecast By $10
Goldman Sachs has cut its oil price forecast by $10 to $100 per barrel, citing lockdowns in China that would dampen demand for the commodity. The…
WTI Drops To $80 As Bearish Momentum Grows
U.S. West Texas Intermediate crude oil traded lower on Thursday as the U.S. Dollar soared on hawkish comments from a widely followed Federal Reserve member. Prices were already trading lower…
Oil Falls More Than 4% As Traders Ditch The China Reopening Play
Oil prices plummeted on Thursday on a series of bearish market forces, led by thin liquidity and easing geopolitical tensions between Russia and the West when it became clear that…
Fitch: This Is The Biggest Downward Risk For Oil Markets In 2023
Short-term oil price forecasts have been persistently bullish this year, with most forecasters expecting benchmarks to top $100 sometime next year. Over the longer term, however, things change.…
Oil Prices Fall As Druzbha Pipeline Resumes Flows
Oil prices have been falling in Wednesday’s session after oil flows on the Druzhba pipeline from Russia to Eastern Europe resumed after having…
Oil Prices Rise After Stray Rockets Land In Poland, Killing Two
Poland is holding an emergency meeting of the National Security Committee after a report surfaced that a suspected missile has struck a village in Poland, killing two. Tensions were heightened…
How The Price Cap On Russian Oil Could Cripple India’s Crude Imports
India would be one of the countries most exposed if Russia refuses to sell crude oil at the capped price under proposed sanctions to be imposed by the United States…
Oil Prices Jump As U.S. Inflation Comes Below Expectations
Oil prices erased earlier losses and moved higher on Thursday just after the U.S. Bureau of Labor Statistics released data for October showing that inflation in the United States last…
Russia’s Shipping Crude Oil Like Mad Ahead Of Sanctions
Russia’s seaborne crude oil exports spiked to a five-month high last week as buyers scrambled to get their hands on as much cheap Russian crude oil as they could ahead…
WTI Crude Spikes Almost 5% On Fears Of Tight Supply
Crude oil prices were on the rise early on Friday morning on continuing fears that the oil markets remain tight with the G7 agreeing on a fixed price capping mechanism…
U.S. Refineries Profit From Cheap Sour Crude
Despite a decline in refining margins in recent months, the biggest American refiners continue to post bumper profits, helped by cheaper sour crude grades and lower costs for…
Oil Shortage Forecasts Clash With Grim Economic Projections
For about two months now, signals from the oil market have pushed traders from one extreme to another, as headwinds clash with tailwinds, with the global economic slowdown…
Deep OPEC Output Cuts Upend Biden’s Attempt To Lower Oil Prices
I tell people that to understand OPEC, you have to put yourself in their position. Their objective is to maximize the value of the oil they have in…
U.S. Accelerates Three-Tier Plan To Reduce Oil Prices
The immediate aftermath of the 1973/74 oil embargo in which Saudi Arabia led its OPEC brothers to block oil exports to the U.S.,…
Biden Just Put A Floor Under Oil. Will It Work?
The Biden administration is ready to sell additional volumes of crude oil from the strategic petroleum reserve after the end of the 180-million-barrel release plan and then it…
