 |
Louisiana Light • 4 days | 84.39 | +0.14 | +0.17% | ||
|
Bonny Light • 3 days | 84.45 | -0.41 | -0.48% | ||
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Opec Basket • 4 days | 84.23 | -2.94 | -3.37% | ||
|
Mars US • 184 days | 77.26 | -1.51 | -1.92% | ||
|
Gasoline • 10 mins | 2.550 | -0.005 | -0.20% |
|
Bonny Light • 3 days | 84.45 | -0.41 | -0.48% | ||
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Girassol • 3 days | 85.44 | -0.34 | -0.40% | ||
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Opec Basket • 4 days | 84.23 | -2.94 | -3.37% |
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Peace Sour • 3 days | 72.15 | -0.05 | -0.07% | ||
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Light Sour Blend • 3 days | 75.20 | -0.05 | -0.07% | ||
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Syncrude Sweet Premium • 3 days | 82.15 | -0.05 | -0.06% | ||
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Central Alberta • 3 days | 72.55 | -0.05 | -0.07% |
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Eagle Ford • 4 days | 75.43 | -0.05 | -0.07% | ||
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Oklahoma Sweet • 4 days | 75.50 | +0.00 | +0.00% | ||
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Kansas Common • 6 days | 72.25 | -0.75 | -1.03% | ||
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Buena Vista • 7 days | 87.60 | -1.22 | -1.37% |
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Energy
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The Saudis' crude oil market gambit to increase market share by refusing to reduce production in order drive out higher-cost producers has not yet killed off competition from North America.…
Russia Looks To Launch Oil Benchmark
Russia is hoping to launch a futures market for its oil benchmark, the Urals blend. According to a Reuters report, Russia has for years wanted…
Bearish OPEC Report, Stronger Dollar Send Oil Prices Down
One hundred and eighty-five years after the birth of American poet Emily Dickinson, and OPEC has been waxing lyrical today in its latest monthly oil…
Tick Tock: Time Running Out for Struggling Oil and Gas Drillers
The 18th oil and gas driller so far this year is in the process of filing for bankruptcy protection, as the company ran out of funds. As reported by Fuel…
Why Texans Might Soon Be Driving On Mexican Gasoline
The world is changing fast in the energy industry and for no company is that truer than Mexican National Oil Company Pemex. After decades of bloated operations and mismanagement,…
How Electricity Markets Could be Upended by this Supreme Court Decision
The Supreme Court may shortly decide an obscure case entitled Federal Energy Regulatory Commission v. Electric Power Supply Association (FERC v EPSA). The issue before the…
What Will Iran Do With its Enriched Uranium?
Iran is moving quickly to comply with all aspects of the nuclear deal reached with the P5+1 nations earlier this year, and that includes shipping its…
This Suggests An Oil Price Recovery Might Be On Its Way
Oil futures prices are below $38 but there is a glimmer of hope in EIA’s Short-Term Energy Outlook (STEO) released today–world consumption increased in November and…
This Could Become The Most Promising Arctic Oil Basin
I described last month how one country on the planet recently bucked the trend of declining petroleum drilling: Ireland, which saw a record number of bids…
2016 Spells More Gloom For Oil Producers
A year after OPEC sent oil markets spiraling out of control, the group may have sparked another round of bearishness for crude. OPEC failed to agree…
Strippers Suffering From Low Oil Prices
With prices below $50, what is a stripper to do? With OPEC breaking down and any kind of coordination among its members on price cuts looking increasingly unlikely, it now…
OPEC Isn’t Dead. It’s Shifting Strategies
OPEC is the ultimate cartel, it was formed to get its members a better price for their product than the free market would allow, and the members did that by…
The Pain Game – How Low Can Oil Prices Go?
The critical figures and data in the energy markets this week reveal a further decline in North American oil rigs as natural gas rigs increase slightly.Oil prices took a…
This Joint Venture Could Stir Up The Lithium Market
Rumors are swirling that the rare metals space is close to an unusual joint venture deal. One that shows how alternative financing arrangements are continuing to…
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This Is Why $20 Oil Is A Possibility
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Marathon Abandons $270 Million Ultra-Deepwater Project
Marathon Oil announced on December 2 its decision to abandon a key deep-water oil project in the Gulf of Mexico. The well that Marathon had…
Stronger Dollar And OPEC Inaction Force Crude Below $40
Into the second week of the month we go, and we see the usual dearth of economic data that follows Nonfarm Friday. The only release of note overnight was a…
Is OPEC Losing Influence?
Oil prices underwent a wild ride in the lead up to the OPEC meeting in Vienna on December 4, and the markets gyrated as OPEC sent…
Renewable Energy Bankruptcy Threatens Spanish Banks
In another sign of the turbulent times for the renewable energy sector, Spain’s Abengoa has declared bankruptcy. The bankruptcy is notable for several reasons. First, it suggests how difficult…
