 |
Louisiana Light • 2 days | 86.79 | -0.77 | -0.88% | ||
|
Bonny Light • 1 day | 85.43 | -2.61 | -2.96% | ||
|
Opec Basket • 3 days | 88.72 | +0.00 | +0.00% | ||
|
Mars US • 181 days | 77.26 | -1.51 | -1.92% | ||
|
Gasoline • 10 mins | 2.591 | +0.014 | +0.53% |
|
Bonny Light • 1 day | 85.43 | -2.61 | -2.96% | ||
|
Girassol • 1 day | 86.37 | -2.70 | -3.03% | ||
|
Opec Basket • 3 days | 88.72 | +0.00 | +0.00% |
|
Peace Sour • 6 hours | 72.20 | -2.93 | -3.90% | ||
|
Light Sour Blend • 6 hours | 75.25 | -2.93 | -3.75% | ||
|
Syncrude Sweet Premium • 6 hours | 82.20 | -2.93 | -3.44% | ||
|
Central Alberta • 6 hours | 72.60 | -2.93 | -3.88% |
|
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% |
Oil Price Volatility Soars Amid Geopolitical Uncertainty
Oil price volatility has climbed…
Battery Storage Is the No. 1 Energy Investment Playground
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Will Namibia Become OPEC’s Newest Member?
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Energy
Despite Low Oil Prices, Saudi Arabia Stabilizing Economy
The Saudi economy is stabilizing after the government implemented pivotal reforms in order to address a fiscal and economic crisis because of plunging oil prices. Over the past…
$40 Billion In Spending Planned For Canada’s Oil Sands
The oil sands of Alberta have attracted a lot of attention recently, not just because of the wildfires that took a lot of production offline in May, but…
Activist Investors About To Shake Up The Oil Patch
Activist investing has taken off in prominence in the last five years with guys like Bill Ackman and Carl Icahn making a very public case around firms from…
Angolan/OPEC Relations: Toxic or Worse?
On Tuesday, news broke of Angola’s decision to back out of a deal with Cobalt International Energy to purchase an oil discovery for $1.8 billion. Sonangol, Angola’s state…
Why Hybrids Are Better Than Electric Cars For Most Consumers
Politicians and consumers often grapple with what the best choice is in terms of vehicle purchases. Often this is framed as an “either/or” question: either all gas, hybrid,…
Oil Soars 6 % As Andy Hall Warns Of A “Violent Reversal”
WTI Crude is up over 6 percent in 24 hours since yesterday's surprise build (and production cut), as the machines squeeze out an over-exuberant short positioning once again.…
$40 Is A Trampoline For Oil Prices Once More
As crude hopscotches back above the $40 level, it is once again being used as a trampoline, propelling prices higher. Despite the Bank of Blighty (England) cutting interest…
Major Banks Growing More Bearish On Oil Prices
The renewed downturn in oil prices has forced major banks to slash their price forecasts for 2017 as a new bear market induces heightened pessimism. The Wall Street…
EU Fends Off Gazprom, But Still Needs To Deal With Rosatom
Gazprom, Russia’s flagship energy company and the face of its geopolitical ambitions, is facing grim times. Although the company was able to report an almost five-fold profit…
Why The Bear Market Could Be Over In A Flash
Oil entered bear market territory this week as WTI and Brent fell more than 20 percent from their June peaks. WTI even dropped below $40 per barrel for…
Why Is High-Yield Energy Debt Decoupling From Oil?
The recent drop in crude oil prices has not reflected in the iShares iBoxx $ High Yield Corporate Bond ETF (NYSEARCA: HYG), as shown in the charts below.…
The End Of A Trend: Oil Prices And Economic Growth
It used to be that when it came to the world economy, oil prices and economic growth were more like distant cousins who disliked each other rather than…
Is Iowa The Next Nigeria? Arson Suspected in Pipeline Fire
Attacks against oil infrastructure are all too common in areas like the Niger Delta of Nigeria or Iraq’s northern Kurdish region. But authorities in the United…
6 Signs The Big Global Switch To Solar Has Already Begun
China has installed 20 gigawatts of new solar power just in the first half of this year. This achievement beats analysts’ expectations by a wide margin. China…
Oil Majors Remain Upbeat Despite Poor Second Quarter
U.S.-based oil and gas majors Chevron (ticker: CVX), ExxonMobil (ticker: XOM), and ConocoPhillips (ticker: COP) all reported their second quarter earnings last week, each showing significant hits from…
Citi On Libyan Oil Deal: It’s A “Headfake”
Libya’s National Oil Corporation (NOC) announced a political breakthrough a few days ago, promising to ramp up production and exports of long-disrupted oil supplies. The NOC said that…
Crude Holding Around $40 On Bullish EIA Data
Crude is rebounding today after the EIA reported a moderate build to crude inventories, but a quite unexpected and significant draw to gasoline inventories, pushing aside oversupply…
Oil Spikes After EIA Reports Significant Draw To Gasoline Stocks
The Energy Information Administration reported a 1.4-million-barrel increase in crude oil inventories for the week to July 29, with the total reaching 522.5 million barrels. Yet again,…
End of Driving Season Could Send Oil Back to February Lows
Summer driving season: it’s the season to be traveling, what with long weekends, annual leaves and short getaways from the banalities of everyday life at the office.
Today’s Downturn Sets Markets Up For A Dramatic Oil Price Spike
Another oil price downturn threatens to deepen the plunging levels of investment in upstream oil and gas production, which could create a more acute price spike in the…
