 |
Louisiana Light • 4 days | 78.61 | -1.95 | -2.42% | ||
|
Bonny Light • 3 days | 81.28 | +1.10 | +1.37% | ||
|
Opec Basket • 4 days | 85.00 | +1.11 | +1.32% | ||
|
Mars US • 30 days | 79.71 | -2.05 | -2.51% | ||
|
Gasoline • 10 mins | 2.100 | -0.021 | -1.00% |
|
Bonny Light • 3 days | 81.28 | +1.10 | +1.37% | ||
|
Girassol • 3 days | 81.92 | +1.12 | +1.39% | ||
|
Opec Basket • 4 days | 85.00 | +1.11 | +1.32% |
|
Peace Sour • 5 mins | 57.82 | -1.89 | -3.17% | ||
|
Light Sour Blend • 5 mins | 61.67 | -1.89 | -2.97% | ||
|
Syncrude Sweet Premium • 5 mins | 66.27 | -1.89 | -2.77% | ||
|
Central Alberta • 5 mins | 59.82 | -1.89 | -3.06% |
|
Eagle Ford • 4 days | 72.44 | -1.90 | -2.56% | ||
|
Oklahoma Sweet • 4 days | 72.00 | -2.00 | -2.70% | ||
|
Kansas Common • 7 days | 65.00 | -0.75 | -1.14% | ||
|
Buena Vista • 5 days | 83.98 | +1.45 | +1.76% |
Well Productivity Gains Clash with Cost Inflation in U.S. Oil Patch
This year saw higher production…
Brazil Eyes Major Oil Output Boost Despite Environmental Concerns
Brazil, led by state-owned Petrobras,…
Russia Set To Boost Diesel Shipments By 28% in December
Russia will be ramping up…
Energy
A Look at World Energy Consumption Over the Last 200 Years
Figure 1 shows the huge increase in world energy consumption that has taken place in roughly the last…
Misinformation, Conspiracy Theories, and the Oil Market
It is clear that many people have a very simplistic — but wrong — view of the energy markets. This extends to politicians who believe they can usher in a…
Support for Natural Gas Vehicles Grows
An FT article last week lauded the intent of General Electric and Chesapeake Energy to form an alliance to promote the use of natural gas as a fuel for…
Crisis in Libya Shows the Effects of Production Downtimes
The spill-over of the political revolutions from the neighbouring countries to Libya and the resulting civil war have highlighted the threat caused by production downtimes in politically unstable countries. Although…
An Austrian School Of Economics Perspective
The Austrian School provides a new angle on the development of the oil price. We already discussed the oil price development from the perspective of the Austrian School of Economics…
U.S. Causal Link Between Fracking and Earthquakes Deepens
The controversial U.S. energy process of releasing natural gas from deep-seated underground reserves has increasingly moved to the forefront of the debate of U.S. energy autonomy. Advocates insist that hydraulic…
Economic Consequences of the High Oil Price
The average January petrol price in the US set a new all-time-high. The high petrol price acts like an additional tax for US consumers. An increase of 10 cents per…
LNG: The Best Way To Play Cheap Natural Gas
There are 374 LNG carriers in the world. As recently as a few years ago, roughly one-third of these vessels were laid up, or out of use. Today, every single…
Can China Kick Their Coal Addiction?
World coal production and consumption data for 2011 are not yet compiled and published, but one key number is in. China’s Ministry of Industry and Information Technology reports that the…
Time is Running Out for our Transition to a Sustainable Industrial Society
The viability of modern civilization depends on two important dimensions: 1) the continuous availability and deployment of essential resources and 2) the long-term productivity and habitability of our environment. Acquiring…
Tripoli Should Keep its Oil House in Order
OPEC in its monthly report for March notes a steady increase in Libyan oil production since the conflict began last year. Production for February, the cartel reports, was about 75…
High Oil Prices Cushion Iran from Sanctions
So far, high petroleum prices are helping Iran beat the new, ‘crippling’ US and EU sanctions. And, ironically, it is the Obama re-election campaign that is suffering most from…
Petrodollar Exiting Through the Back Door?
“When the dollar collapse comes, it will happen two ways – gradually then suddenly. That formula, famously used by Hemingway to describe how one goes bankrupt, is an apt description…
Estonia Strives to Shake off Soviet Energy Dependence
The three Soviet republics of Estonia, Latvia and Lithuania were always undigested morsels in the maw of the USSR. Liberated by the 1919 Treaty of Versailles into independence, the three…
Natural Gas Analysis for the Week of March 12, 2012
Last week May Natural Gas took out its last swing bottom at 2.527. The move not only resumes the downtrend, but it also indicates further downside pressure is likely. Additionally,…
Does the Skyscraper Index Signal a Weaker Oil Price?
“The construction of skyscrapers that qualify as the “World’s Tallest Building” tends to coincide with major downturns in the economy” Mark Thornton The “skyscraper index” is a reliable warning signal…
Crude Oil Market Analysis for the Week of March 12, 2012
May Crude Oil futures posted a modest gain last week with better-than-expected U.S. economic news the catalyst behind the move. The market started out weak as follow-through selling fueled by…
Tokyo Warned that "Big" Earthquake Coming
As the world prepares to commemorate next week the first anniversary of the Fukushima nuclear disaster, Japanese scientists are warning that Tokyo is in increasing danger from a potential massive…
Don't Factor Syrian Oil into Market Jitters
Conflicts in the Middle East and North Africa are likely dragging on broader economic recovery as oil prices move to relative highs. In Syria, any recovery in oil production will…
This Year it is Fossil Fuels Turn to Receive the Majority of DOE Funding
The renewable energy and energy efficiency sectors received most of the US federal government’s $24 billion in energy subsidies last year, but fossil fuels will win out this year as…
