 |
Louisiana Light • 2 days | 86.79 | -0.77 | -0.88% | ||
|
Bonny Light • 19 hours | 85.43 | -2.61 | -2.96% | ||
|
Opec Basket • 3 days | 88.72 | +0.00 | +0.00% | ||
|
Mars US • 180 days | 77.26 | -1.51 | -1.92% | ||
|
Gasoline • 10 mins | 2.581 | +0.003 | +0.13% |
|
Bonny Light • 19 hours | 85.43 | -2.61 | -2.96% | ||
|
Girassol • 19 hours | 86.37 | -2.70 | -3.03% | ||
|
Opec Basket • 3 days | 88.72 | +0.00 | +0.00% |
|
Peace Sour • 18 hours | 75.13 | -0.70 | -0.92% | ||
|
Light Sour Blend • 18 hours | 78.18 | -0.70 | -0.89% | ||
|
Syncrude Sweet Premium • 18 hours | 85.13 | -0.70 | -0.82% | ||
|
Central Alberta • 18 hours | 75.53 | -0.70 | -0.92% |
|
Eagle Ford • 2 days | 78.41 | -0.70 | -0.88% | ||
|
Oklahoma Sweet • 2 days | 78.25 | -0.75 | -0.95% | ||
|
Kansas Common • 2 days | 72.25 | -0.75 | -1.03% | ||
|
Buena Vista • 3 days | 87.60 | -1.22 | -1.37% |
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Energy / Oil Prices
Alaska Needs Much Higher Oil Prices To Reverse Its Oil Fortunes
This year marks Alaska’s 40th anniversary of the Trans Alaska Pipeline Systems (TAPS)—an 800-mile-long crude oil route that runs from the North Slope to Valdez, the northernmost ice-free port in…
Soaring U.S. Output Keeps Crude Subdued
Oil is on the defensive again, retracing from resistance in recent days amid bearish U.S.-centric data of rampant production increases. Despite the Good Friday holiday, we get the…
Oil Prices Drop As Saudis Say Too Early To Decide Cuts Extension
Oil prices dropped on Tuesday morning as the market continues to buy Saudi Arabia’s rhetoric that adds to outlooks for weaker global demand growth and rising U.S. production to drive…
Wall Street Is Pouring Money Back Into Shale
With oil prices seemingly on firm footing, Wall Street is pouring money back into the shale sector, expecting profits even at $50 per barrel. The private equity industry raised an…
How Far Will OPEC Go For $60 Oil?
Back in February sources from OPEC told media that Saudi Arabia is aiming for oil prices of $60 as the optimal price to encourage fresh investments in production while deterring…
Why Oil Markets Are Not Recovering Much Faster
For several months, I’ve been trying to reconcile two divergent and counter-intuitive trends in oil, and it’s forced me towards a soberer outlook going forward. It’s not that I don’t…
Could An OPEC Extension Normalize Inventories?
Inventories 350 MMBO above historical average An extension of the OPEC production cuts should normalize global inventories this year, according to research by KLR Group. Announced on September 28, 2016,…
Goldman’s $50 Forecast May Prove Bullish
Goldman Sachs is standing by its own base oil price scenario of $50 a barrel, anticipating a stable future for the commodity, with price fluctuations in the range of…
IEA: Oil Markets Are Balancing At A Rapid Pace
The IEA downgraded global oil demand growth for this year, dropping its estimate to 1.3 million barrels per day (mb/d). That is the second annual decline in demand growth and…
Can We Expect A Big Draw In Crude Inventories Anytime Soon?
With shale producers adding rigs every week, output is rising and so are stockpiles which weighs on prices and curbs their upward potential, ruining OPEC’s efforts to rebalance the market.…
Iran Ramps Up Oil Output As OPEC Production Falls
The OPEC Monthly Oil Market Report is out with OPEC’s crude oil production numbers for March 2017. All data is through March 2017 and is in thousand…
Will Summer Bring $60 Oil?
Refinery utilization hits 90.8 percent, the highest since the first week of the year U.S. refiners are picking up activity as the summer driving months approach, encouraging markets to increase…
OPEC’s Combined Oil Output Falls Further In March
OPEC members pumped a combined 31.93 million barrels of crude daily last month, down 153,000 bpd from February, the group said in the latest edition of its Monthly…
Saudis Cut Deeper In March, Continue To ‘Overcomply’ With OPEC Deal
Saudi Arabia reduced its crude oil production by 111,000 bpd to 9.9 million bpd in March, again generously overcomplying with the OPEC output cut deal after having raised February output—but…
Oil Prices Inch Higher Ahead Of Inventory Data
Today is national submarine day, and oil prices are trying not to submerge after a recent sustained rally. Today we get the opening gambit from the triumvirate of reports from…
Why Breakeven Prices Are Plunging Across The Oil Industry
Shale companies have pushed breakeven oil prices below $40 per barrel—but so have major oil companies. Analysts commonly portray cost reduction as something unique to the tight oil companies. Data…
Is Another Bust Looming Over The Oil Industry?
Notable authorities such as the EIA, the IEA, OPEC and BP forecast growth of demand for oil in their base case scenarios through the end of their forecast periods. These…
Oil Prices Rise Ahead Of Rig Count Data
After oil prices spiked higher overnight amid a U.S. airstrike on Syria, an underwhelming monthly employment report this morning has helped to unravel most of these gains. As the market…
Oil Jumps To One-Month High After U.S. Missile Strike In Syria
International oil prices spiked to a one-month high after President Trump ordered missile strikes against Syrian military infrastructure in response to a chemical weapons attack for which security sources…
Did The Banks Just Give U.S. Shale A Carte Blanche?
Twice a year, in April and in October, banks review the creditworthiness of oil and gas companies in what is known as a borrowing base redetermination. Ahead of this year’s…
