 |
Louisiana Light • 2 days | 82.73 | -0.73 | -0.87% | ||
|
Bonny Light • 1 day | 83.00 | +0.29 | +0.35% | ||
|
Opec Basket • 2 days | 82.95 | -0.13 | -0.16% | ||
|
Mars US • 196 days | 77.26 | -1.51 | -1.92% | ||
|
Gasoline • 10 mins | 2.559 | +0.022 | +0.85% |
|
Bonny Light • 1 day | 83.00 | +0.29 | +0.35% | ||
|
Girassol • 1 day | 84.24 | +0.18 | +0.21% | ||
|
Opec Basket • 2 days | 82.95 | -0.13 | -0.16% |
|
Peace Sour • 4 hours | 71.94 | +0.58 | +0.81% | ||
|
Light Sour Blend • 4 hours | 74.99 | +0.58 | +0.78% | ||
|
Syncrude Sweet Premium • 4 hours | 81.94 | +0.58 | +0.71% | ||
|
Central Alberta • 4 hours | 72.34 | +0.58 | +0.81% |
|
Eagle Ford • 2 days | 75.11 | +0.61 | +0.82% | ||
|
Oklahoma Sweet • 2 days | 75.00 | +0.50 | +0.67% | ||
|
Kansas Common • 1 day | 69.50 | +0.50 | +0.72% | ||
|
Buena Vista • 2 days | 83.26 | +0.61 | +0.74% |
Breaking News:
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Oil Rig Counts Falls as WTI Holds Below $80
The total number of active…
Will OPEC+ Extend Oil Production Cuts?
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Is $80 The New Normal For Oil?
Oil prices have settled comfortably above the $80 mark as fears of demand destruction are countered by forecasts of a cold winter.
Canada’s Oil Stocks Are Trading At Bargain Basement Prices
This year, the energy sector has emerged as a standout performer in the U.S. stock market, managing to outperform even the red-hot consumer cyclical sector. The sector's most…
Morgan Stanley Is Bullish On European Oil Stocks
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This Key Indicator Is Pointing To Higher Oil Prices
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Platts: OPEC+ Is Producing Less Crude Than It's Supposed To
OPEC+ is producing less oil than it is supposed to, a survey by Platts has revealed, as cited by Forex Live. The oil cartel was supposed to pump a…
Why $80 Oil Won't Destroy Demand
The $80 per barrel threshold may not be the limit for oil prices in the coming months as global demand recovery continues and record natural gas prices spur…
Are Algorithms To Blame For Europe’s Natural Gas Crisis?
The continuing European energy market crunch is still making headlines. The main culprit, according to media and politicians, is Russia, as it is refusing to increase its gas…
India And UAE Strengthen Energy Ties With New Strategic Oil Deal
Last week saw the already broadening and deepening ties between the UAE and India extend further. With the announcement in August 2020 of the U.S.-brokered…
A Successful Energy Transition Will Need Oil Demand Destruction
There’s a dark secret about the energy transition that politicians and energy regulators all too frequently shy away from. Unfortunately, unless this issue is dealt with the energy…
Russia's Energy Influence In Europe Is Growing
For years, the United States has stood in strong opposition to the construction and then opening of the Nord Stream 2 pipeline, which runs under the Baltic Sea…
Gazprom Hikes Export Prices As EU Gas Crisis Deepens
Russia's natural gas giant, Gazprom, raised its 2021 price guidance for natural gas exports, while signaling caution on volumes it could ship, as Europe’s energy crisis worsens. According to Bloomberg,…
China’s Coal Prices Soar To All-Time High As Floods Shut Down Sixty Mines
Coal futures in China closed at a new record high on Monday after sixty coal mines in the country’s top coal-producing region were forced to shut amid heavy rain, flooding,…
Oil Supply Adequate For Now, But Larger Supply Crunch Looms
Global oil supply will be enough to meet demand in the short and medium term, but the world is headed towards a supply shortage after 2026 unless the oil industry…
Iran’s Oil Minister Presents Creative Plan To Draw In New Crude Oil Investment
Iran is offering crude oil in exchange for goods or investments in its oil industry, oil minister Javad Owji told Iranian TV, as quoted by Bloomberg. The plan has…
Brent Crude Nears $85 As Global Energy Crisis Worsens
Oil prices extended Friday’s rally into Monday, with the U.S. benchmark topping $81 and trading just shy of $82 a barrel as Europe and Asia continue to struggle to…
High Natural Gas Prices Could Lead To 2 Million Bpd Extra Oil Demand
Oil prices have vaulted to multi-year highs after OPEC and other major producers opted last week against increasing output by more than previously agreed. However, it's the natural…
Record High LNG Prices Could Result In Demand Destruction
Driven by the global energy rally, Asia’s spot liquefied natural gas (LNG) prices exceeded this week the psychological threshold of $50 per million British thermal units (mmBtu). The…
Lebanon’s Unravelling Economy Could Have A Major Geopolitical Impact
Crisis-riven Lebanon appears on the brink of collapse once again. The deeply divided Mediterranean country, which was engulfed by a sectarian civil war for 15 years…
Europe Desperately Needs To Diversify Its Energy Supply
We have written twice over the last week concerning the energy crunch, first in China and then in India
Forex And Commodity Trading Comes Under Fire In China
Several weeks after Beijing's seemingly final ban in a long series of crackdowns on bitcoin trading, when the PBOC said that all crypto-related transactions are illegal which ironically…
