 |
Louisiana Light • 4 days | 92.62 | -0.93 | -0.99% | ||
|
Bonny Light • 1 day | 93.95 | -2.28 | -2.37% | ||
|
Opec Basket • 4 days | 96.35 | -1.13 | -1.16% | ||
|
Mars US • 16 hours | 86.97 | -1.92 | -2.16% | ||
|
Gasoline • 10 mins | 2.390 | -0.023 | -0.94% |
|
Bonny Light • 1 day | 93.95 | -2.28 | -2.37% | ||
|
Girassol • 1 day | 95.13 | -2.13 | -2.19% | ||
|
Opec Basket • 4 days | 96.35 | -1.13 | -1.16% |
|
Peace Sour • 8 hours | 83.32 | -1.97 | -2.31% | ||
|
Light Sour Blend • 8 hours | 83.82 | -1.97 | -2.30% | ||
|
Syncrude Sweet Premium • 8 hours | 92.42 | -1.97 | -2.09% | ||
|
Central Alberta • 8 hours | 81.62 | -1.97 | -2.36% |
|
Eagle Ford • 4 days | 87.27 | -0.92 | -1.04% | ||
|
Oklahoma Sweet • 4 days | 87.25 | -1.00 | -1.13% | ||
|
Kansas Common • 6 days | 84.00 | +3.25 | +4.02% | ||
|
Buena Vista • 6 days | 98.88 | +2.54 | +2.64% |
Saudi Arabia Considers A Surprising Bet On Iranian Oil And Gas
Russia and China have been…
U.S. Natural Gas Prices Slip From Seven-Week High
After finishing at a seven-week high on…
Wary Of Weakening Demand, Saudi Arabia Changes Pricing Strategy
Surprisingly, the anticipated OSP increase…
Energy
Oil Prices Drop Further in Week as Euro’s Travails Continue
Oil Market Summary from: 05/10/2010 to 05/14/2010 Crude oil prices plunged nearly 4% on Friday and were off almost 20% from their 18-month high less than two weeks ago, as…
An Update to the Oil "Head-Fake" Scenario
With the world teetering on the edge of another global financial meltdown, it's a good time to revisit my May 2008 Oil "Head-Fake" Scenario. In May 2008 I proposed the…
Environmental Markets at Centre of Chesapeake Clean-Up Plan
In a ground-breaking initiative that could trigger a new era in ecosystem markets, the Obama administration issued an executive order yesterday to protect and restore the Chesapeake Bay, the US’s…
American Power Act by Sens. Kerry/Lieberman
Senators John Kerry (D-MA) and Joe Lieberman (I-CT) released their climate and clean-energy legislation yesterday. Sen. Kerry said the bill is essential for the United States to remain globally competitive…
Chesapeake Energy Investment Signals Sovereign Wealth Fund Appetite for Global Resources
One of Asia’s most active sovereign wealth funds is investing up to $1 billion in the U.S. company that helped pioneer production of shale gas, Chesapeake Energy. Temasek Holding, a…
Cheap Oil: The Engine of America
The foundation of the American lifestyle and economy is cheap oil. Remove that prop and every aspect of that lifestyle becomes questionable. Not to sound too cinematic, but everywhere I…
How to avoid Oil Price Volatility
From 1949 until 1973, the average annual price of oil fluctuated within a 7% band, but from 1981 through 2009 the variation leapt to almost 10 times that amount. A…
Russia Staking it’s Claim on Arctic energy
When Vladimir Putin calls for international dialogue and personally attends the resulting conference, you know Russia means business. Whether the intention is that the international cards are dealt fairly…
US Climate Bill Plunged Into Chaos
Shocked at the stunning turn of events that led to the collapse of a tri-partisan effort to produce an energy and climate proposal in the US Senate, many carbon market…
China Relying on Natural Gas to Support Development
Today, few countries are as honest about their energy present and future as China. While American pundits and politicians have been praising China’s solar and wind forays, Han Xiaoping, an…
Crude Oil Plunges as Turbulence Rocks Financial Markets
Oil Market Summary for: 03/05/2010 to 07/05/2010 In a week of market turmoil resulting from Greece’s fiscal crisis, oil went from an intraday high above $87 on Monday – its…
Vanishing Uranium Resources
There was a mysterious disappearance of uranium in South Australia last week. Uranium mining hopeful PepinNini Minerals reported a new resource estimate on its Crocker Well project. And something was…
Leaked EC paper reveals €81bn cost of Reducing Emissions by 30%
Increasing the EU’s 2020 emissions reduction target to 30% below 1990 levels would add an extra €33 billion ($42.5 billion), or 0.2% of GDP, to the final bill, according to…
India’s Hunger for Coal Sending it on a Worldwide Search
India is hungry for coal and domestically there is neither the quantity nor the quality to feed the country’s needs. The situation is exacerbated because coal consumption has soared in…
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…
