 |
Louisiana Light • 2 days | 87.12 | +0.03 | +0.03% | ||
|
Bonny Light • 2 days | 88.20 | -0.49 | -0.55% | ||
|
Opec Basket • 2 days | 86.51 | -1.01 | -1.15% | ||
|
Mars US • 172 days | 77.26 | -1.51 | -1.92% | ||
|
Gasoline • 25 mins | 2.725 | +0.040 | +1.49% |
|
Bonny Light • 2 days | 88.20 | -0.49 | -0.55% | ||
|
Girassol • 2 days | 88.64 | -0.56 | -0.63% | ||
|
Opec Basket • 2 days | 86.51 | -1.01 | -1.15% |
|
Peace Sour • 15 hours | 75.10 | -0.32 | -0.42% | ||
|
Light Sour Blend • 15 hours | 78.15 | -0.32 | -0.41% | ||
|
Syncrude Sweet Premium • 15 hours | 85.10 | -0.32 | -0.37% | ||
|
Central Alberta • 15 hours | 75.50 | -0.32 | -0.42% |
|
Eagle Ford • 2 days | 79.33 | -0.29 | -0.36% | ||
|
Oklahoma Sweet • 5 days | 79.75 | +0.50 | +0.63% | ||
|
Kansas Common • 2 days | 73.00 | -0.50 | -0.68% | ||
|
Buena Vista • 5 days | 87.31 | +0.41 | +0.47% |
Breaking News:
Semiconductor Supply Chain Remains Secure Despite Taiwan Earthquake
An earthquake in Taiwan caused…
Mysterious Iranian 'Spy' Ship Returns Home As Israel-Iran Conflict Worsens
A suspected Iranian spy ship…
U.S. Sanctions on Venezuela Snap Back Into Place
The U.S. has reimposed sanctions…
Energy
Electric Vehicles Could Soon Reduce Oil Demand By 13 Million Barrels Per Day
Electric cars could upend oil markets much sooner than everyone thinks. According to a new report from Bloomberg New Energy Finance (BNEF), the rapid decline…
Will LNG Exports Delay A Greener Future?
U.S. shale gas exports are upon us. The Asia Vision LNG tanker will depart from Cheniere’s Sabine Pass terminal within the next week or two, marking…
What Would Negative Interest Rates Mean for the Oil Market?
The dour economic environment is continuing to resist the best efforts of policy makers and central bankers around the world. The latest evidence of just how…
Oil Giant Cuts Budget By 80 Percent And Suspends Fracking
Whiting Petroleum Corp. (NYSE:WLL), the largest oil producer in North Dakota, has announced that it will suspend all fracking in the state and cut its…
Upstream Debt May Put Pipelines Under Pressure
Just like everything else, the bankruptcy river flows downstream, and as upstream players look to pass their debt burdens onto midstream operations through a rash of…
Oil Price And Its Effect On Production
The JODI Oil World Database came out a few days ago. The data is through December 2015. The JODI C+C production numbers differs somewhat from…
Argentina Charts Course For Renewable Energy
Argentina, Latin America’s third largest power market with approximately 32,000 megawatts (MW) of installed capacity, faces the task of installing 7,000 MW, or 22.5 percent…
Horizontal Land Rig Count Summary 26 February 2016
The horizontal rig count fell 18 to 397 while the total land rig count fell by only 14 to 473. It happens sometimes. The biggest losers…
Where Are We In The Oil Bust Cycle?
Latest reports from the big Bakken shale producers are proving where we are in the crude bust cycle we’ve been following and trying to time. Both…
Looking For A Pattern In Choppy Oil Markets
We, as human beings, love to look for order. We have a problem accepting that not everything falls into neat patterns, so we go back, look…
Oil Storage Levels Point to Lower for Longer
Friday, February 26, 2016 In the latest edition of the Numbers Report, we’ll take a look at some of the most interesting figures put out this week in the energy…
Strong Demand For Gasoline Shifts Momentum To Upside
April Unleaded Gasoline surged this week, indicating that prices may have reached an important low. The trend is still down, however, momentum has shifted to the upside. “We are in…
Oil Up On OPEC Rumors, U.S. Shale Shutdowns
First we take a look at this week's key figures for the oil and gas industry from which we see that oil prices are recovering slightly as U.S. production drops.…
Russian Production Is At A Post-Soviet High Despite Oil Freeze
As noted earlier, among the catalysts for the overnight leg higher in oil was a statement by Venezuelan Oil Minister Eulogio Del Pino who triggered the…
Oil Prices Rally After Renewed Rumors Of Cuts
Eighty-six years after New York installed its first traffic lights, and the crude complex has been given the green light to rally today, showing no sign…
The Allure Of Shale Is Wearing Off
Investment in U.S. shale continues to dwindle, with several large companies raising eyebrows with plans to slow drilling plans much further than expected. Continental Resources, an…
In Spite Of Oil Price Slump, Canadian Oil Output To Increase
It was yet another depressing headline congruent with the rest of the bad news bombarding the battered Canadian oilpatch for 15 months. On February 22 Postmedia…
Game-Changer Leviathan Gas Field Sees Serious Delays
The massive Leviathan gas field, nestled deep inside the Levantine basin off Israel’s Mediterranean coast, is considered a game-changer for both Israel and Europe, but a…
Why Oil Booms And Busts Happen
What if I told you that there was a period in history where oil demand declined by 5 million barrels per day and non-OPEC supply increased…
Oil Price Volatility And Market Predictions
Oil market observers will appreciate that the oil price has become more volatile of late with daily movements of several percent common place. A friend…
