 |
Louisiana Light • 2 days | 86.49 | -0.63 | -0.72% | ||
|
Bonny Light • 1 day | 88.40 | -0.92 | -1.03% | ||
|
Opec Basket • 2 days | 88.45 | +1.94 | +2.24% | ||
|
Mars US • 174 days | 77.26 | -1.51 | -1.92% | ||
|
Gasoline • 14 mins | 2.780 | +0.022 | +0.79% |
|
Bonny Light • 1 day | 88.40 | -0.92 | -1.03% | ||
|
Girassol • 1 day | 89.03 | -0.87 | -0.97% | ||
|
Opec Basket • 2 days | 88.45 | +1.94 | +2.24% |
|
Peace Sour • 24 hours | 76.01 | -0.55 | -0.72% | ||
|
Light Sour Blend • 24 hours | 79.06 | -0.55 | -0.69% | ||
|
Syncrude Sweet Premium • 24 hours | 86.01 | -0.55 | -0.64% | ||
|
Central Alberta • 24 hours | 76.41 | -0.55 | -0.71% |
|
Eagle Ford • 2 days | 79.29 | -0.04 | -0.05% | ||
|
Oklahoma Sweet • 2 days | 79.25 | -0.50 | -0.63% | ||
|
Kansas Common • 1 day | 73.75 | +0.75 | +1.03% | ||
|
Buena Vista • 2 days | 87.23 | -0.55 | -0.63% |
Breaking News:
EU Prepares to Tighten Screws on Russian LNG Imports
In a move that could…
The EU Allows Members to Ban Russian LNG as Imports Climb
The European Parliament approved rules…
Oil Takes a Breather as Geopolitical Risk Eases
WTI crude hangs above $80…
Energy
Oil Rises As Saudis Move To Implement Output Cuts
Oil prices remain bid up into the weekend, as the market adopts the first part of the motto 'buy the rumor, sell the fact' ahead of tomorrow's OPEC / NOPEC…
The OPEC Effect? U.S. Rig Count Spikes Most In 31 Months
The number of oil and gas rigs in the United States was up again this week, with an increase of 27. Active oil rigs in the United States increased by…
Saudi Arabia Cuts Oil Deliveries To U.S.
Saudi Arabia has informed its clients that their crude oil deliveries in January will be lower, to reflect the country’s compliance with the production cut agreed on by OPEC members…
OPEC Deal Not Enough To Draw Down Record Oil Inventories
Even if OPEC producers’ ministers hail the cartel’s deal to cut collective supply as the beginning of oil market rebalancing and stabilization, Bloomberg News has calculated that global oil…
Japan Importing Less Crude Oil; Gives Iran, Russia Cold Shoulder
Japan’s crude oil imports dropped to 3.055 million barrels per day in October, down by 5.6 percent from September, the Petroleum Association of Japan (PAJ) said on Friday. According…
Oil Markets Not Convinced OPEC Deal Can Kill The Glut
There are serious questions swirling around OPEC’s production cut deal, ranging from the size of the cuts needed given that production from the cartel rose through November, to the prospect…
Filling The Gap: Tomorrow’s Most Popular Oil Trade
Credit Suisse AG recently decided to delist two very popular and risky oil exchange-traded notes (ETNs) on the exchanges beginning today, December 8, and companies are now scrambling to fill…
Did Big Oil Layoff Too Many Workers Too Quickly?
What was once a mere warning to the oil industry has now become a reality: the severe cost cuts undertaken by virtually every oil and gas business in the world…
BP CEO Dudley: We’ll Double Our North Sea Oil Production By 2020
UK’s oil major BP (NYSE:BP) will double its production in the North Sea to 200,000 barrels of oil per day, chief executive Bob Dudley said in an interview with
More Federal Land Drilling: Possible, But Not Profitable
As the United States catches its breath following the shock election victory of Donald Trump, the oil industry could be facing significant changes, including the President elects’ open door policy…
Crude Rises Ahead Of Non-OPEC Meeting
The mood of crude has flipped again, with optimism rising ahead of the NOPEC meeting at the weekend. Even though doubts persist, for today, oil prices push higher. Hark, here…
Trump’s Energy Advisor Hamm: We Are So Much Stronger Than The Saudis
U.S. crude oil production is not expected to rise much next year from the current levels of around 8.6 million bpd, energy mogul Harold Hamm said at the S&P…
Leonardo DiCaprio Meets With Trump To Discuss Creation Of Millions Of Green Jobs
In one of the more unexpected visits to take place to the penthouse at the Trump Tower on Wednesday, Leonardo DiCaprio and the head of his foundation met with President-elect…
Glencore, Qatar Fund Buy 20% In Rosneft
Glencore has teamed up with Qatar’s sovereign wealth fund to acquire a 19.5-percent stake in Russia’s oil giant Rosneft. The Swiss-based commodity trader and miner, led by Ivan Glasenberg, will…
Will We See $60 Oil By Christmas?
For the first 11 months of the year, OPEC talked oil prices up, but by December it became clear that oil prices were not going to rise higher on mere…
U.S. Shale Set To Kill Oil Price Rally
The resurgence of U.S. shale will undermine the OPEC-fueled price rally, capping oil prices at roughly $50 per barrel through 2017. That is the conclusion from the EIA’s latest
The End Of The Bust? U.S. Shale Patch Could Start Hiring Soon
More than 150,000 jobs in the oil and gas sector in the U.S. have been cut since the start of the oil price crisis in mid-2014. In just the…
Drilling Frenzy? Oilfield Services Booked Out
“If you don’t have your crews lined up by now, you’re not going to be able to complete your wells in Q1,” replied my oilfield service friend. “We’re fully booked…
Oil Minister: Venezuela Has Left 500,000 Bpd Output Out Of OPEC Deal
Venezuela - one of the OPEC deal’s staunchest promoters and supporters – produces around 500,000 barrels per day of heavy oil, and this figure has been left out of the…
How OPEC Has Papered The Oil Market Cracks
The outcome of the Vienna meeting came as a pleasant surprise to oil markets. A deal had been hammered out and, despite the resistance, OPEC and Non-OPEC producers had agreed…
