 |
Louisiana Light • 2 days | 84.25 | -2.54 | -2.93% | ||
|
Bonny Light • 2 days | 85.43 | -2.61 | -2.96% | ||
|
Opec Basket • 2 days | 87.17 | -1.55 | -1.75% | ||
|
Mars US • 181 days | 77.26 | -1.51 | -1.92% | ||
|
Gasoline • 10 mins | 2.585 | +0.008 | +0.29% |
|
Bonny Light • 2 days | 85.43 | -2.61 | -2.96% | ||
|
Girassol • 2 days | 86.37 | -2.70 | -3.03% | ||
|
Opec Basket • 2 days | 87.17 | -1.55 | -1.75% |
|
Peace Sour • 12 hours | 72.20 | -2.93 | -3.90% | ||
|
Light Sour Blend • 12 hours | 75.25 | -2.93 | -3.75% | ||
|
Syncrude Sweet Premium • 12 hours | 82.20 | -2.93 | -3.44% | ||
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Central Alberta • 12 hours | 72.60 | -2.93 | -3.88% |
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Eagle Ford • 2 days | 75.48 | -2.93 | -3.74% | ||
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Oklahoma Sweet • 2 days | 75.50 | -2.75 | -3.51% | ||
|
Kansas Common • 3 days | 72.25 | -0.75 | -1.03% | ||
|
Buena Vista • 4 days | 87.60 | -1.22 | -1.37% |
Breaking News:
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Energy / Oil Prices
OPEC Expects U.S. Driving Season To Save Oil Prices
Prices enjoyed a boost last week from encouraging inventory reports. Both the EIA and the API reported large draws on crude inventories, signaling that demand appeared to be catching up…
Non-OPEC Compliance Lags At 66% As OPEC Seeks To Extend Deal
The non-OPEC producers that have signed up to the production cut deal reached a compliance rate of 66 percent in April, up from 51 percent in March, according to the…
Goldman’s Two Conditions For A Successful OPEC Deal
Goldman, which has been pushing for higher oil prices with seemingly daily bullish research reports for the past month, underwrote the last Saudi Arabian bond issue and is expected to…
Oil Is Now At The Mercy Of Money Markets
For an industry suffering from Post-Traumatic Stress Disorder (PTSD) almost 2.5 years after the oil price collapse, May 4 was a very long day. Having traded within one dollar of…
Oil Jumps As Saudis And Russians Agree To Extend OPEC Deal Into 2018
What Saudi Arabia’s Oil Minister said in March will not happen, has happened: in a joint statement, Khalid al-Falih and his Russian counterpart Alexander Novak said that OPEC and…
Oil Futures Trading 101
When contributing to these pages I generally start from the assumption that anybody reading my ramblings is already an active trader, or at least a self directed investor, and therefore…
Who Will Lead The Transportation Transformation?
A moment of truth is at hand, not just for Tesla, not just for electric vehicles, but for transport generally. It is by no means clear that Tesla will ever…
Does This Oil Price Rally Have Legs?
With oil prices spiking nearly 10 percent from last Friday's sudden, capitulation "flash crash" which was perhaps driven by Pierre Andurand liquidating his entire long book, there has been a…
Should OPEC Abandon Its Current Oil Price Strategy?
If OPEC was a person, you’d recommend either therapy or that it cut its losses and start licking its wounds. As Bill Baruch, chief market strategist at iiTRADER told
Oil Edges Higher As OPEC Reaches Consensus On Cut Extension
OPEC members and their partners in the oil production cut agreements from last November and December have reached a consensus to extend the deal until the end of 2017, the…
Why Goldman Thinks You Should Go Long On Oil
As pessimism sweeps over the oil market, a few prominent voices are unbowed, arguing that the market is well on its way towards balance. Goldman Sachs’ head of commodities Jeff…
Russian Producers Fall Behind As Big Oil Booms
While Big Oil beat analyst expectations with its first-quarter performance, Russia’s biggest player in the field, Rosneft, missed expectations, reporting US$200 million in net profits for the period. The…
IEA Sees Oil Market Supply Deficit Deepen Significantly This Year
Global oil demand will exceed supply in the second quarter, and even more so until the end of the year, if OPEC extends the production cuts, according to Neil Atkinson,…
Oil Prices Jump On Bullish Inventory Data, Saudi Export Cuts
After yesterday's monthly EIA report, and tomorrow's monthly OPEC report, the weekly EIA inventory report acts as the filling in this energy data sandwich. While have to wait until next…
Production Cuts vs Innovation – Why OPEC Has Lost The Oil Price War
OPEC and its cartel of friends must be sweating condensates in advance of their May 25th meeting. The oil price war, triggered almost three years ago, is far from over.…
An Extension Is Not Enough – Why OPEC Needs To Cut More
Crude oil prices are slumping, and everyone is clamoring to know: how far can oil fall? Is this a buying opportunity, or is the selloff likely to worsen? Bloomberg…
Oil Below $65 Per Barrel…For Years
Recognizing that something had to be done to halt the latest crash in oil prices, Saudi Arabia’s energy minister went public with his support not only for an extension…
Will Hedge Funds Drive Oil Prices Even Lower?
Andurand Capital reportedly liquidated all of its bullish bets on crude oil in recent days after posting steep losses so far this year. The fund is led by Pierre Andurand,…
Four Charts That Explain OPEC’s Fall From Power
Undeterred by earlier failures to jawbone the price of oil higher, a new barrage of headlines hit courtesy of Reuters reiterating more of the same, and adding a new spin.…
Oil Prices Are Where They Should Be
WTI oil prices plunged to almost $45 per barrel yesterday (Figure 1). That was a downward adjustment to where prices should be based on supply, demand and inventory fundamentals.
