 |
Louisiana Light • 1 day | 84.25 | -2.54 | -2.93% | ||
|
Bonny Light • 1 day | 85.43 | -2.61 | -2.96% | ||
|
Opec Basket • 1 day | 87.17 | -1.55 | -1.75% | ||
|
Mars US • 181 days | 77.26 | -1.51 | -1.92% | ||
|
Gasoline • 10 mins | 2.581 | +0.003 | +0.12% |
|
Bonny Light • 1 day | 85.43 | -2.61 | -2.96% | ||
|
Girassol • 1 day | 86.37 | -2.70 | -3.03% | ||
|
Opec Basket • 1 day | 87.17 | -1.55 | -1.75% |
|
Peace Sour • 10 hours | 72.20 | -2.93 | -3.90% | ||
|
Light Sour Blend • 10 hours | 75.25 | -2.93 | -3.75% | ||
|
Syncrude Sweet Premium • 10 hours | 82.20 | -2.93 | -3.44% | ||
|
Central Alberta • 10 hours | 72.60 | -2.93 | -3.88% |
|
Eagle Ford • 1 day | 75.48 | -2.93 | -3.74% | ||
|
Oklahoma Sweet • 1 day | 75.50 | -2.75 | -3.51% | ||
|
Kansas Common • 2 days | 72.25 | -0.75 | -1.03% | ||
|
Buena Vista • 3 days | 87.60 | -1.22 | -1.37% |
Why Biden is Unlikely to Enforce the New Iran Oil Sanctions
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Energy
Israeli-Managed Tanker Attacked Off The Coast Of Oman
The UK Defence Ministry is confirming an overnight attack on an Israeli-managed tanker in the Arabian Sea off the coast of Oman. Though few details have…
U.S. Oil Rig Count Slips Amid Drop In U.S. Oil Output
The number of oil and gas rigs in the United States fell by 3 this week, according to Baker Hughes, which reported the total rig count as 488, up…
Oil Bulls Remain Confident Despite Covid Concerns
Oil prices climbed this week as U.S. inventories tightened and the risk of Iran reaching a new deal and bringing extra crude online decreased.
Analysts See Oil Trading Closer To $70 Through Year-End
Oil analysts and economists believe that $70 a barrel is a more realistic outlook for Brent Crude prices for the rest of the year than $80 oil, as COVID variants…
Natural Gas Deficit Causes Prices To Soar
Natural gas prices are rising across Europe and Asia due to tighter supply of the commodity, lower production in Europe, and lower exports from Russia, the Financial Times reports,…
ExxonMobil Beats Earnings Estimates As Its Chemicals Business Booms
Higher oil and gas demand and the best-ever quarterly performance in the chemicals business helped ExxonMobil (NYSE: XOM) beat analyst expectations as it reported second-quarter 2021 earnings of $4.7…
Net-Zero Agenda Clashes With Rapidly Rising Global Energy Demand
“The reality is that the world is set to need more energy, not less energy,” BP’s chief executive Bernard Looney said last week,…
Oil Market Still Far From Being Back To ‘Normal’
Worry about oil demand sparked by the resurgence of Covid-19 in some parts of the world and a fund selloff in oil futures has reversed the recent price rally. OPEC+…
Is America’s Oil Industry Too Big To Fail?
The Biden administration is making strides in reducing the United States’ dependence on fossil fuels for its energy needs. The federal government’s post-pandemic plan involves hundreds of billions…
Can G7 Countries Compete With China’s Belt And Road Initiative?
Following the expansion of Chinese-led projects in many emerging markets over the past decade, the G7 has unveiled its own initiative to support global infrastructure development, dubbed Build…
Goldman Sachs Predicts Drastic Rise In Power Demand Due To EVs
While many are quick to crow about the "Earth-saving" benefits of electric vehicles, few have looked at the incremental demand in power necessary to meet the growing demand…
Explaining The Record Decline In Carbon Emissions
According to the recently released BP Statistical Review of World Energy 2o21, global energy demand fell by an estimated by 4.5% in 2020. This is…
Total, Equinor To Quit Venezuela Venture
French TotalEnergies and Norwegian Equinor will exit their oil joint venture with PDVSA, Bloomberg has reported, citing unnamed sources familiar with the matter. TotalEnergies held a 30-percent stake in…
Oil Tops $75 On Shrinking U.S. Crude Inventories
Brent crude futures topped $75 on Thursday morning as U.S. crude oil inventories fell to 7 percent below the five-year average, according to EIA data. The September
Shell Reports $5.5 Billion Net Profit And Hikes Dividends
Anglo-Dutch Shell reported a net profit of $5.5 billion for the second quarter of the year on the back of stronger oil prices and said it will buy back…
Why Norway Won’t Give Up On Oil & Gas
Norway doesn’t have any second thoughts about oil exploration and investment in light of the International Energy Agency’s (IEA) report suggesting that no new fossil fuel exploration would…
Shrinking Global Populations Poses An Existential Threat To Oil
About a week ago, Saudi Energy Minister Prince Abdulaziz bin Salman made waves in the oil community after telling Bloomberg News that Saudi…
Oil Majors Are Primed For A Massive Earnings Season
Earnings season is here with us once again, with a quarter of S&P 500 companies having reported second-quarter 2021 earnings. According to FactSet…
Why Exxon Is Doubling Down On Guyana’s Offshore Oil Boom
Global oil supermajor ExxonMobil is investing heavily in South America seeing it become the driving force behind Guyana’s offshore oil boom. The integrated energy company is reporting stunning successes…
Exxon Makes Another Major Oil Discovery Offshore Guyana
ExxonMobil and its partner Hess Corporation have made another significant crude oil discovery offshore Guyana, the U.S. supermajor said on Wednesday. The Whiptail discovery in the Stabroek Block adds…
