 |
Louisiana Light • 2 days | 74.01 | -0.43 | -0.58% | ||
|
Bonny Light • 21 hours | 76.57 | +0.93 | +1.23% | ||
|
Opec Basket • 2 days | 75.47 | -1.62 | -2.10% | ||
|
Mars US • 4 hours | 72.83 | +1.44 | +2.02% | ||
|
Gasoline • 18 mins | 2.654 | +0.013 | +0.47% |
|
Bonny Light • 21 hours | 76.57 | +0.93 | +1.23% | ||
|
Girassol • 21 hours | 79.08 | +1.14 | +1.46% | ||
|
Opec Basket • 2 days | 75.47 | -1.62 | -2.10% |
|
Peace Sour • 20 hours | 65.99 | -0.41 | -0.62% | ||
|
Light Sour Blend • 20 hours | 67.29 | -0.41 | -0.61% | ||
|
Syncrude Sweet Premium • 20 hours | 76.24 | -0.41 | -0.53% | ||
|
Central Alberta • 20 hours | 65.59 | -0.41 | -0.62% |
|
Eagle Ford • 2 days | 68.22 | -0.41 | -0.60% | ||
|
Oklahoma Sweet • 2 days | 68.25 | -0.50 | -0.73% | ||
|
Kansas Common • 2 days | 62.00 | +0.00 | +0.00% | ||
|
Buena Vista • 6 days | 76.40 | +1.64 | +2.19% |
Oil Prices Move Higher As U.S. House Passes Debt Ceiling Bill
Oil prices moved higher early…
The Battle To Decarbonize The Aviation Industry
From banning short-haul flights to…
Saudi Arabia Is Profiting From Its Record-Breaking Diesel Trade
Saudi Arabia is importing record…
Energy
Greenland Proceeds with Plans for Offshore Drilling in Arctic Waters
While the oil spill from a sunken drilling rig in the Gulf of Mexico threatens to become an environmental disaster, plans are proceeding for opening up new drilling territories in…
Gulf Oil Spill Threatens Halt to White House Offshore Drilling Plans
The oil spill in the Gulf of Mexico from a collapsed offshore drilling rig could affect White House plans to extend offshore drilling, press secretary Robert Gibbs acknowledged as the…
Where would we be without offshore oil?
As oil continues to pour into the Gulf of Mexico, I thought it might be helpful to review how we got where we are today. The graph below shows total…
Economic Data, Oil Spill Push Crude Prices Higher at End of Week
Oil Market Summary for: 04/26/2010 to 04/30/2010 Stubbornly high crude oil inventories continued to stymie bulls through the middle of the week, but the market seized on positive economic data…
Speculation Affects Oil Prices but New CFTC Limits May Not Stop It, Survey Finds
Almost three-quarters of top oil industry participants surveyed by Reuters feel that financial speculation contributes to oil price volatility, but many of them think new regulations to curb speculation may…
Flaw in CCS Theory May Puncture Clean Coal Dream, Study Says
Clean coal is likely to remain a chimera rather than a real solution to carbon emissions, a new study suggests, because the much-touted process of carbon capture and sequestration simply…
Is Gasoline Set to Double in Price? Why do So Few People Seem to Care
Human beings resist change until there is no other choice, and then they adapt and habituate rather quickly. Human beings are remarkably adept at short-sightedness and denial. 100,000 years of…
Is Shale Gas the Holy Grail it's cracked up to be? Well Known Analyst Says No
Compared to virtually all commodities of late, natural gas has been an absolute dog. Holders of a certain natural gas ETF have been forced to ask themselves whether or not…
U.S. Housing Data Spurs Late Gains in Oil Prices after Mixed Week
Oil Market Summary for 04/19/2010 to 04/23/2010. After languishing most of the week, crude oil prices galloped to the finish line on Friday, tacking on 1.7% and recouping most of…
Algeria Meetings Show Continued Confusion About Natural Gas Outlook
Natural gas experts are floundering for answers about the future of the fuel as the growth of shale gas production in the U.S. continues to flummox expectations. A pair of…
Changing Oil Consumption Habits: Fuel Efficiency in Light Vehicles
I recently highlighted grounds for pessimism about the ease with which the U.S. could significantly change our oil consumption habits. Here I highlight some interesting new research by U.C. Davis…
Shale Gas Changing Market Paradigm in U.S. as Electricity Prices Plummet, Report Says
Wholesale electricity prices in the U.S. fell by more than half last year, driven largely by a decline of more than 50% in natural gas prices in what looks like…
Flexible Royalties are the key to Oil and Gas Exploration
The recent oil and gas boom has been an education for a lot of people. Including regulators. Designing oil and gas laws is not easy business. Especially when it comes…
Is Crude Oil Set for a Price Spike?
Crude futures ended at their lowest point this month Friday, as investors fled riskier assets after regulators charged Goldman Sachs with fraud. West Texas Intermediate (WTI) crude for May delivery…
Iran Storing Oil at Sea Due to Weak Demand
Iran, the world's fifth-largest oil producing nation, is increasing the amount of oil is stores in tankers at sea. Iranian officials say this is due to refinery overhauls and seasonality,…
SEC Charge Against Goldman has Volcanic Impact on Energy Markets
Oil Market Summary for 04/12/2010 to 04/16/2010. Oil prices plunged on Friday after the U.S. Securities and Exchange Commission charged Goldman Sachs with fraud in its marketing of certain subprime…
U.S. Coal Industry Fights Climate Legislation at Congressional Hearing
Under the shadow of the West Virginia coal mine disaster earlier this month, a congressional hearing Wednesday on the future of coal in a “new energy age” seemed at times…
Chinese Purchase of Oil Sands Stake Could Revalue Resource
The acquisition of a 9% stake in the Syncrude oil sands venture by China’s Sinopec for $4.65 billion – substantially more than expected – could pave the way for a…
Do Rising Oil Prices Threaten the Economic Recovery?
Ten of the 11 recessions in the United States since World War II have been preceded by a sharp increase in the price of crude petroleum. Oil had been…
High Inventories Keep Crude Oil Prices from Advancing on Week
Oil Market Summary for 04/05/2010 to 04/09/2010. Crude oil prices ended the week virtually unchanged from a week ago as optimism about demand warred with trepidation about historically high inventories…
