 |
Louisiana Light • 1 day | 86.60 | -0.08 | -0.09% | ||
|
Bonny Light • 1 day | 88.73 | -1.64 | -1.81% | ||
|
Opec Basket • 1 day | 87.35 | -2.29 | -2.55% | ||
|
Mars US • 168 days | 77.67 | -1.57 | -1.98% | ||
|
Gasoline • 10 mins | 2.700 | -0.014 | -0.52% |
|
Bonny Light • 1 day | 88.73 | -1.64 | -1.81% | ||
|
Girassol • 1 day | 89.30 | -1.63 | -1.79% | ||
|
Opec Basket • 1 day | 87.35 | -2.29 | -2.55% |
|
Peace Sour • 5 mins | 75.30 | -0.05 | -0.07% | ||
|
Light Sour Blend • 5 mins | 78.35 | -0.05 | -0.06% | ||
|
Syncrude Sweet Premium • 5 mins | 85.30 | -0.05 | -0.06% | ||
|
Central Alberta • 5 mins | 75.70 | -0.05 | -0.07% |
|
Eagle Ford • 1 day | 79.21 | +0.04 | +0.05% | ||
|
Oklahoma Sweet • 1 day | 79.25 | +0.00 | +0.00% | ||
|
Kansas Common • 2 days | 73.00 | -2.50 | -3.31% | ||
|
Buena Vista • 2 days | 86.86 | -2.40 | -2.69% |
Brent Could Climb to $95 as Bullish Sentiment Builds
In an increasingly bullish oil…
Zombie Fires Pose Looming Threat to Canada’s Oil and Gas Infrastructure
Canada faces an escalating threat…
China Raises Gasoline and Diesel Prices amid Soaring Crude Oil Prices
China is raising from Wednesday…
Energy
Oil Rallies Over 12% As OPEC Rumors Reach Markets
When we take a look at this week's key figures in oil and gas, we see that commercial crude inventories stay steady above 500 million barrels and that gasoline prices…
Rig Count Plunges Yet Again, Down Another 30
The U.S. rig count plunged again this week, falling by an additional 30 rigs for the week ending on February 12. Baker Hughes reported that…
In Spite Of Its Vast Oil Reserves, Cuba Fails To Woo Investors
With the end of the 54-year U.S. trade embargo on Cuba, and Cuban government moves to encourage foreign investors, Cuba is a suddenly attractive venue that…
There Will Be No OPEC Cut
Two hundred and seven years after the birth of Charles Darwin, and the final trading day of the week is evolving into a rambunctious rally for…
Middle Eastern Oil Companies To Capitalize On Oil Bust
The oil and gas business is moving into a new age for financing. With groups like private equity becoming more prominent (just this week, PE-backed Terra…
The Hidden Agenda Behind Saudi Arabia’s Market Share Strategy
Do the Saudis have an oil market strategy beyond pumping crude to defend their market share? Are they indifferent to which countries’ oil industries survive? Or,…
Why Today’s Oil Bust Pales In Comparison To The 80’s
Your writer is both an oil junkie and a pack rat for information. Nothing major ever collected related to the history of petroleum has hit the…
Widespread Credit Downgrades Likely For Oil Producing Countries
Plenty of oil commodity producers are in trouble, and that includes more than a handful of countries whose economies are heavily dependent on oil, gas, and…
Ecuador Gutted By Low Oil Prices: Rig Count Down To One
There’s an ongoing catastrophe taking place in Ecuador. Not only has a significant part of its Amazon rainforest has been polluted by several oil spills, but…
Supreme Court Keeps Coal Alive…For Now
The coal mining industry is in trouble and the Supreme Court holds the industries fate in its hands. Coal has been suffering for years under the…
OPEC-Russia Rumors Persist After Comments From Rosneft Chief
The rumors over a coordinated production cut between OPEC and Russia continue. On Wednesday, the head of Russia’s state-owned oil company Rosneft floated the idea of…
Oil Prices Down Again On Energy Debt And Inventories Data
One hundred and thirty-eight years after the first U.S. bicycle club was formed (the Boston Bicycle Club), and crude prices are freewheeling lower once more. We…
ISIS Forced To Cut Wages As Oil Revenues Tank
Leaked documents purport to show that the Islamic State (ISIS) is cutting the salaries of its foreign fighters as low oil prices and continued air strikes…
Oil Glut Compounded By Cracks In Global Economy
Will oil go below $20? Jeffrey Currie, the head of commodities research at Goldman Sachs, said on Bloomberg TV on Tuesday that he wouldn’t be…
Congress Pushing First Energy Bill In Nearly A Decade
U.S. energy policy has endured relatively unchanged since 2008. That being said, U.S. energy is not what it was seven years ago. U.S. crude oil production…
OPEC Will Not Blink First
An OPEC production cut is unlikely until U.S. production declines by about another million barrels per day (mmbpd). OPEC won’t cut because it would accomplish nothing…
Could Gasoline Drop Below $1 Per Gallon?
Retail gasoline prices have dipped below $2 per gallon across the United States. But gas might drop below $1 per gallon soon in some places of…
Rising OPEC Oil Production Worsens Glut
One hundred and fifty-three years after the fire extinguisher was patented by Alanson Crane, and the overnight rally in the crude market has once again been snuffed out. After double…
IEA: No Oil Price Rally In The Short Term
“It is very hard to see how oil prices can rise significantly in the short term.” For oil prices, the “short term risk to the downside…
T. Boone Pickens On Obama Oil Tax: ‘’Dumbest Idea Ever’’
The Obama administration’s proposed $10.25 per barrel oil tax adds up to approximately $32 billion a year, and critics are coming out of the woodwork in…
