 |
Louisiana Light • 5 days | 77.14 | +0.63 | +0.82% | ||
|
Bonny Light • 1 day | 72.05 | -8.69 | -10.76% | ||
|
Opec Basket • 2 days | 81.31 | -0.44 | -0.54% | ||
|
Mars US • 16 hours | 64.65 | -10.24 | -13.67% | ||
|
Gasoline • 21 hours | 2.029 | -0.290 | -12.51% |
|
Bonny Light • 1 day | 72.05 | -8.69 | -10.76% | ||
|
Girassol • 1 day | 72.89 | -8.46 | -10.40% | ||
|
Opec Basket • 2 days | 81.31 | -0.44 | -0.54% |
|
Peace Sour • 16 hours | 68.89 | -1.71 | -2.42% | ||
|
Light Sour Blend • 16 hours | 72.39 | -1.11 | -1.51% | ||
|
Syncrude Sweet Premium • 16 hours | 72.39 | -2.11 | -2.83% | ||
|
Central Alberta • 16 hours | 69.39 | -1.11 | -1.57% |
|
Eagle Ford • 3 days | 76.29 | -0.11 | -0.14% | ||
|
Oklahoma Sweet • 1 day | 64.75 | -10.25 | -13.67% | ||
|
Kansas Common • 3 days | 68.75 | +1.75 | +2.61% | ||
|
Buena Vista • 3 days | 83.13 | +2.94 | +3.67% |
IEA Hikes 2022 Brent Oil Price Outlook To $79
Brent Crude prices are expected…
Americans Blame High Gas Prices For “Bad Economy”
Some 64 percent of respondents…
Energy / Oil Prices
Oil Close To Hitting $70 As The U.S. And Europe Reopen
Brent oil prices were less than 50 cents away from hitting $70 per barrel early on Wednesday amid market optimism that reopening the United States and Europe would accelerate the…
Will Oil Hit $80 This Summer?
India, the world’s third-largest oil importer, is the latest coronavirus hotspot. It has recently hit a record-breaking number of new daily coronavirus cases—a statistic that dented oil demand and pressured…
Could Oil Prices Hit $80 Per Barrel?
Despite the significant rally in oil over the past couple of weeks, demand uncertainty continues to affect prices. The outbreak of the second wave of a new Covid-19 strain in India…
Oil Turns Higher As EU Looks To Welcome Vaccinated Tourists
Oil prices recouped earlier losses and were rising by more than 1 percent on Monday morning, after the European Union unveiled a plan to open its borders to vaccinated tourists,…
Oil Slips On Profit Taking, Stronger U.S. Dollar
Oil prices dropped early on Friday as profit-taking and a strengthening U.S. dollar put a stop to this week’s rally that saw prices hitting a six-week high on Thursday. As…
Oil Prices Rally Towards $70 As Demand Outlook Improves
Crude oil prices got a major boost this week thanks to optimistic expectations about demand from OPEC+ and rebalancing fuel inventories in the United States. Brent jumped…
Middle East Oil Economies Desperately Need Higher Oil Prices
Big Oil is reporting strong first-quarter results thanks to higher prices, maybe making some shareholders think twice about the whole energy transition thing. But not everyone is happy. Despite the…
Why Nigerian Oil Prices Are Falling
Although it is a very rare occurrence to see Nigerian grades trade at levels stipulated by the Nigerian National Petroleum Company (NNPC) every month, the issuance of its official selling…
Cautious Hedging Costs U.S. Drillers Billions
A month ago, ConocoPhillips warned it would book a $600-million impairment to its first-quarter profits from its acquisition of Concho Resources and, as Reuters reported at the time, related…
Oil Prices Climb As OPEC+ Holds Firm On Output Cuts
The OPEC+ group will not hold a full ministerial meeting on Wednesday as planned, delegates at the Joint Ministerial Monitoring Committee (JMMC) agreed at their meeting on Tuesday, signaling confidence…
Why The Outlook For Oil Prices Shifted This Week
A couple of weeks ago, I wrote here that crude was stuck in a range and would probably remain so until something drastic happened to change fundamental conditions and expectations.…
A World Of Difference: One Year After Oil Prices Went Negative
What a difference a year makes! It might sound like a cliché, but the oil market that was turned on its head last April by a confluence of…
Crude Prices Remain Above $60 As Demand Outlook Improves
Compared to April 2020 “Black April”, seen as one of the worst months for global oil markets, April 2021 tells a very different story. Fundamentals are improving and a newfound…
Oil Prices Rise On Weaker U.S. Dollar
Following a 6-percent weekly gain last week, oil prices were slightly up on Monday morning, erasing earlier losses as the U.S. dollar weakened again. As of 10:39 a.m. EDT on…
WoodMac: Oil Prices Could Drop To $10 In 2050
Brent Crude oil prices could fall to $10 per barrel by 2050 if the world accelerates the energy transition with decisive action to achieve the Paris Agreement climate…
Will Rising Middle East Oil Prices Harm Global Demand Recovery?
As we continue to kick the prospect of global economic recovery down the road of 2021, caution remains the buzzword of the oil markets. The less changes month-to-month, the more…
Rising Middle East Production May Trigger A New Oil Price War
Rising Middle Eastern oil production is making the commodity that comes out of this region cheaper compared to Brent-linked grades, which may lead to a price war, Bloomberg has
Morgan Stanley: Oil Prices Stuck In $60 Range This Summer
Oil prices will likely be stuck in the $65-$70 range this summer, Morgan Stanley says in a new note, tempering its previous forecast for $70 oil with temporary overshoots because…
Will U.S. Shale Trigger Another Oil Price Crash?
A year after the pandemic and the disagreement within OPEC+ over supply management crushed oil prices, the industry finds itself at an all-too-familiar crossroads: Will OPEC’s bet that…
Oil Rises On Strong Economic Growth Signals
Oil prices rose early on Tuesday along with rallies in other commodities and equities globally, following encouraging economic reports out of the United States and China and increased forecasts for…
