 |
Louisiana Light • 2 days | 87.12 | +0.03 | +0.03% | ||
|
Bonny Light • 1 day | 88.87 | +0.67 | +0.76% | ||
|
Opec Basket • 2 days | 86.51 | -1.01 | -1.15% | ||
|
Mars US • 173 days | 77.26 | -1.51 | -1.92% | ||
|
Gasoline • 10 mins | 2.712 | -0.013 | -0.48% |
|
Bonny Light • 1 day | 88.87 | +0.67 | +0.76% | ||
|
Girassol • 1 day | 89.45 | +0.81 | +0.91% | ||
|
Opec Basket • 2 days | 86.51 | -1.01 | -1.15% |
|
Peace Sour • 7 hours | 76.56 | +1.46 | +1.94% | ||
|
Light Sour Blend • 7 hours | 79.61 | +1.46 | +1.87% | ||
|
Syncrude Sweet Premium • 7 hours | 86.56 | +1.46 | +1.72% | ||
|
Central Alberta • 7 hours | 76.96 | +1.46 | +1.93% |
|
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% |
U.S. Shale Oil Production Growth Is Slowing Down
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Profit Taking Is Putting Downward Pressure on Oil Prices
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Energy
Gasoline Glut Sends Oil Prices Tumbling
Five hundred and forty-three years after the birth of Copernicus, and all action in the crude complex is revolving around yesterday’s crude inventory report. While Wednesday’s…
Venezuela Raises Fuel Prices By More Than 6,000 Percent
In a televised-address on February 17, Venezuelan President Nicolas Maduro delivered some crushing news to his country. To address the fiscal crisis facing the country, the…
Russia Looks To Privatize Oil Assets, But Who Will Buy Them?
Success in Putin’s Russia isn’t a matter of persistence, cunning, or luck; sure, that’s necessary to an extent, but high-level success in today’s system of soft…
Is Oil Wastewater A Cure For California’s Drought?
As California grapples with a historic four-year-long drought, and farmers skimp on water for crops in the face of fines, oil wastewater is becoming both a…
Storage Problems Could Cause A Rout In Oil Prices
Yesterday, one of the best-known providers of energy market intelligence thanks to its massive private and patented network of land, sea, and satellite monitors, Genscape, held…
Saudi Arabia’s Credit Rating Cut Two Levels
S&P dropped a bombshell on Thursday, downgrading the sovereign credit rating for Saudi Arabia by two notches. The ratings agency also slashed credit rating for Brazil, Kazakhstan, Bahrain and…
Oil Prices Continue To Rally As U.S. Crude Inventories Shrink
One hundred and eighteen years after the birth of Enzo Ferrari, and the current rally in the crude complex apparently has more gas left in the…
Oil Majors Converge On Uruguayan Offshore Play
I wrote yesterday about offshore natural gas exploration accelerating in Myanmar. And this week we got news that another major offshore exploration trend has struck…
Why OPEC Production Freeze Could Pave The Way For Actual Cuts
Defying skepticism that their countries could agree on any measures to stabilize global crude markets and prices, Saudi Petroleum and Natural Resource Minister Ali al-Naimi and…
The Decline Of The Coal Industry Is “Long-Term” And “Irreversible”
Demand for thermal coal is declining, a trend that appears to be “irreversible.” That is the conclusion from Goldman Sachs, which published a new report on…
Total’s Impressive Earnings And Generous Dividend Surprises Markets
Total’s impressive fourth quarter earnings give us a glimpse into how a supermajor can adjust to an oil price slump by getting the downstream-upstream balance right.…
With Petrobras On Life Support: Shell Sees Opportunity In Brazil
Hot on the heels of their $52-billion takeover of BG Group going into effect last month, Shell appears poised to make big moves in Brazil. Already the second largest…
The Billion Dollar Biofuel That Fell 2.7 Billion Gallons Short
Ten years ago a visionary named Vinod Khosla gave a presentation called Biofuels: Think Outside the Barrel. It seems to have disappeared from his Khosla…
Oil Production Rumor Mill Continues To Turn As Iran Hints At Freeze
After Russia and several top OPEC nations, including Saudi Arabia and Qatar, announced a general agreement to freeze oil production, sights shifted to Tehran to…
OPEC Ups Pressure On Iraq, Iran To Freeze Production
On Foo-Fighting drummer Taylor Hawkins’ 44th birthday, OPEC members are again banging the drum for a production freeze. Yesterday’s meeting of oil producers Saudi, Russia, Qatar…
The Biggest Natural Gas Discovery Of 2016 Just Got Bigger
International natural gas is shaping up as one of 2016’s most interesting spots in energy. Given that prices in many world markets are still running high,…
Historic OPEC-Russia Agreement Will Have Minimal Impact
Several top OPEC producers made headlines with Russia on Tuesday, revealing that a secret meeting between their respective energy ministers led to a deal to “freeze”…
Downturn Now Hitting The Refining Sector
As all energy investors know, it has been a terrible year for oil and natural gas companies. Many stocks are down half or more from their…
Supreme Court Vacancy Leaves Energy Industry In Limbo
The unexpected death of U.S. Supreme Court Justice Antonin Scalia will likely prove to be a turning point in U.S. history, and no one will be…
Oil Markets Disappointed By Production Freeze
We will begin this week with a quick look at some of the critical figures and data in the energy markets, we will then introduce some…
