 |
Louisiana Light • 2 days | 81.18 | +0.12 | +0.15% | ||
|
Bonny Light • 29 days | 86.00 | -0.62 | -0.72% | ||
|
Opec Basket • 2 days | 81.37 | -0.08 | -0.10% | ||
|
Mars US • 266 days | 75.97 | -1.40 | -1.81% | ||
|
Gasoline • 3 hours | 2.461 | -0.007 | -0.29% |
|
Bonny Light • 29 days | 86.00 | -0.62 | -0.72% | ||
|
Girassol • 29 days | 87.27 | -0.38 | -0.43% | ||
|
Opec Basket • 2 days | 81.37 | -0.08 | -0.10% |
|
Peace Sour • 10 hours | 72.28 | +0.69 | +0.96% | ||
|
Light Sour Blend • 10 hours | 72.28 | +0.69 | +0.96% | ||
|
Syncrude Sweet Premium • 10 hours | 79.18 | +0.89 | +1.14% | ||
|
Central Alberta • 10 hours | 72.28 | +0.69 | +0.96% |
|
Eagle Ford • 3 days | 74.07 | +0.63 | +0.86% | ||
|
Oklahoma Sweet • 2 days | 75.00 | +2.00 | +2.74% | ||
|
Kansas Common • 3 days | 67.75 | +0.50 | +0.74% | ||
|
Buena Vista • 4 days | 83.27 | -2.82 | -3.28% |
Breaking News:
The West Aims to Rebuild Influence in Middle East Energy Hub with LNG Deals
The last few days have…
Canada Set To Delay Trans Mountain Pipeline Sale After 2025 Election
Canada’s federal government plans to…
U.S. Natural Gas Market Becomes a Global LNG Force
U.S. Henry Hub prices are…
Energy
English
Español
عربي
Français
中文
日本語
Big Oil Slashing Spending Amid Low Prices
Oil prices continue to slide in mid-December, slumping towards another key threshold of $60 per barrel. Oil prices hit a five-year low on December 10. While many major oil…
Iraq’s Bright Oil Future Blocked By ISIS
Last week’s oil agreement between Baghdad and the Kurdistan Regional Government (KRG) was a milestone event and the market reaction was largely fitting – Brent crude futures dropped nearly…
Cracks Showing: OPEC November Production Data
OPEC just published its December Monthly Oil Market Report with their crude only production numbers for November. Total OPEC…
Wine And Gas Battle It Out In Northern US
Wine and gas tend not to mix. In upstate New York, a midstream oil and gas company is running into stiff local opposition for its plans to build natural gas…
EIA Oil Production Numbers Show Global Slowdown
The EIA has recently published their International Energy Statistics. Their stats include all liquids such as NGLs, biofuels and even refinery process gain. But I only track actual oil.…
Oil Price Tumbles After OPEC Releases 2015 Forecast
The demand for oil in 2015 will drop to its lowest level since 2002 because of an oversupply of crude and stagnant economies in China and Europe, according to OPEC’s…
Why US Shale May Fizzle Rather Than Boom
The Shale Revolution may not really end up being a revolution after all. A new study in Nature finds that the estimates for shale gas production could be vastly overblown,…
US Supreme Court Rejects BP Appeal
Four years later, it is clear BP gravely miscalculated the magnitude of their mistake. On Monday, the United States Supreme Court rejected BP’s settlement appeal regarding 2010’s Deepwater Horizon…
World Proved Oil Reserves Data A Work Of Fiction
The EIA publishes Annually a list of World Proved Reserves of Crude Oil. Though all charts in this post use the EIA data, BP, the IEA and virtually every…
How The US Could Beat OPEC But Won’t
OPEC has declared war on American oil production with the intention of making the country more dependent on imported oil and on oil in general. By refusing to cut…
South Stream’s Demise Shakes up Italian-Russian Relations
The “Putinian Pax Energetica”—Russia’s strategic use of energy exports and pipeline politics to influence countries in its neighborhood—is faltering, and Italy now appears to be taking countermeasures to deal with…
The OPEC Conundrum: Expect Production Cuts Before June 2015
When OPEC met on 27th November they decided to leave production unchanged and to not meet again until June 2015. This at a time of volatility in oil markets and…
Utica Pipeline Could Send Ohio Gas To Gulf Coast
A proposed pipeline in Ohio just received federal approval, which could connect shale gas from the Utica basin to the Gulf of Mexico. Eastern Ohio is home to the Utica…
Ten Reasons Why A Sustained Drop In Oil Prices Could Be Catastrophic
Not long ago, I wrote Ten Reasons Why High Oil Prices are a Problem. If high oil prices can be a problem, how can low oil prices also be…
Norway’s Oil Decline Accelerating
New oil projects are being scrapped in Norway amid falling production and low oil prices. Long held up as the model for managing oil abundance, Norway has painstakingly sought to…
As U.S. Reserves Grow, So Does Geopolitical Weight
The peak will have to wait – at least in the United States. According to a new report from the Energy Information Administration (EIA) US proved reserves of both…
South Stream Pipeline May Not Be Dead Yet
The European Commission's new energy chief says that Russia could revive the South Stream natural-gas pipeline project if it follows EU rules. In an interview with RFE/RL on December 5,…
Signs Of Peak Oil Starting To Emerge
What caused the recent crash in the oil price from $110 (Brent) in July to $70 today and what is going to happen next? With the world producing 94 Mbpd…
Who Comes Out On Top After Oil Pandemonium?
As crude oil prices take a beating, with Saudi Arabia predicting that prices will stabilize at $60 per barrel, we head to Norway, where state-run giant Statoil is poised to…
Why Every Oil Rally Needs To Be Sold For The Time Being
There’s been some agreement inside the analyst community on oil -- $70 a barrel is not sustainable, in that several producers don’t have the prime acreage or debt positions to…
