 |
Louisiana Light • 2 days | 86.60 | -0.08 | -0.09% | ||
|
Bonny Light • 21 hours | 88.69 | -0.04 | -0.05% | ||
|
Opec Basket • 2 days | 87.35 | -2.29 | -2.55% | ||
|
Mars US • 168 days | 77.67 | -1.57 | -1.98% | ||
|
Gasoline • 5 hours | 2.710 | -0.003 | -0.13% |
|
Bonny Light • 21 hours | 88.69 | -0.04 | -0.05% | ||
|
Girassol • 21 hours | 89.20 | -0.10 | -0.11% | ||
|
Opec Basket • 2 days | 87.35 | -2.29 | -2.55% |
|
Peace Sour • 12 hours | 75.30 | -0.05 | -0.07% | ||
|
Light Sour Blend • 12 hours | 78.35 | -0.05 | -0.06% | ||
|
Syncrude Sweet Premium • 12 hours | 85.30 | -0.05 | -0.06% | ||
|
Central Alberta • 12 hours | 75.70 | -0.05 | -0.07% |
|
Eagle Ford • 2 days | 79.21 | +0.04 | +0.05% | ||
|
Oklahoma Sweet • 2 days | 79.25 | +0.00 | +0.00% | ||
|
Kansas Common • 3 days | 73.00 | -2.50 | -3.31% | ||
|
Buena Vista • 3 days | 86.86 | -2.40 | -2.69% |
Breakthrough Paper-Based Battery Design Draws Inspiration from Plants
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Iran Adapts to Shifting Tides in South Caucasus
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Energy
Oil Price Spike Is Not As Far Away As Many Think
We are beginning to see the first real signs of the global oil markets moving rapidly back into balance. OPEC, which produces approximately 40 percent of the world’s…
Can Big Oil Survive At Today’s Prices?
Data suggests that oil producers need prices in the $70-80 range to survive. That is unlikely in the next year or so. Without more timely price relief, the future looks…
China’s Oil Industry Is Faltering, Production Falls 5%
Low oil prices and spending cuts are cutting into China’s oil production, a little known source of output declines that are helping to balance the market. New data…
Why Jim Chanos is Shorting the Oil Majors
Famous short seller Jim Chanos is shorting oil majors Royal Dutch Shell Plc and Chevron Corp, according to Bloomberg. He is operating under the belief that the…
Does Tesla Care About Its Stock Price?
It has been a rough month for Tesla with the stock down almost 25 percent in recent weeks. Yet for all of the pain for Tesla shareholders, the company…
Saudi Arabia Loses Top Credit Rating from Moody’s
Low oil prices continue to take a toll on oil producers in the Middle East. The latest sign of trouble comes from Moody’s Investors Service, which cut its…
Oil Climbs Higher As Goldman Sachs Sees Glut Shift To Deficit
Thirty-one years after Michael Jordan was named Rookie of the Year in the NBA, and supply outages are ensuring that a rally is a slam dunk for oil today. Here…
Oil Markets Balancing Much Faster Than Thought
Oil markets are only a few months away from a much closer balance as demand holds steady and supply drops off. Several reports from the three…
Elon Musks Hyperloop Inches Forward With First Successful Test
Imagine a fossil-fuel independent world where those who don’t want to give up their road autonomy drive electric cars, while those who need to get from…
Falling Chinese Demand Could Intensify The Oil War
The Chinese slowdown did more than drag down its own economy, it singlehandedly created financial tremors throughout the global financial markets. With consistent growth rates well…
Fracking: Oklahoma’s New F-Word
Fracking in Oklahoma, as well as elsewhere, has been on the decline, thanks to the oil price slump. Quakes, however, are continuing at alarming rates. A…
The East Texas Basin Continues To Surpass Expectations
The East Texas Basin, a rather large Jurassic-Aged basin containing a number of hydrocarbon-bearing formations stretched across the northern part of East Texas and West Louisiana,…
What Experts Miss When Discussing Peak Oil
For a long time, a common assumption has been that the world will eventually “run out” of oil and other non-renewable resources. Instead, we seem to…
Bakken Output Continues To Fall Along With Rig Count
The North Dakota Oil Production Stats are out. North Dakota crude oil production was down just less than 10,000 barrels per day.
EU Energy: Only Adversaries To Choose From
(Click to enlarge)Currently, less than half of the EU’s gas demand is…
Why Oil Prices Increased Despite Doha Disaster
In April, oil prices significantly increased by around 20 percent. In particular, Brent opened at $38.69/b and closed at $47.32/b (monthly high, $48.50/b), while WTI opened…
How Oil Prices Are Impacted By Storage Logistics
Macroeconomic investors in financial products such as oil futures contracts speculate on commodity pricing trends. Because their participation in markets is purely financial, speculators, notably hedge…
As The U.S. Rig Count Continues To Plunge, Output Follows Suit
Baker Hughes published the latest oil rig count today—and although not surprising, the news that the oil rig count fell for the eighth straight week…
Slow Rebound In Oil May Trigger Another Bankruptcy Wave
Many investors have started to jump back into the oil sector in recent weeks based in large part on the slow upward grind in oil prices.…
Why The Sustained Bull Run On Oil Hasn’t Materialized
It is, I’m sure, puzzling to a lot of people that after hearing so much news supportive of oil prices this week WTI has failed to…
