 |
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 | 2.588 | +0.011 | +0.42% |
|
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 • 11 hours | 72.20 | -2.93 | -3.90% | ||
|
Light Sour Blend • 11 hours | 75.25 | -2.93 | -3.75% | ||
|
Syncrude Sweet Premium • 11 hours | 82.20 | -2.93 | -3.44% | ||
|
Central Alberta • 11 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% |
Profit Taking Is Putting Downward Pressure on Oil Prices
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Will Big Oil See Better Earnings In Q2?
The energy sector has underperformed…
A Beginner's Guide to Geoengineering
Amid efforts to counter climate…
Energy
Shale Executives See Little Chance Of Significant Growth
Crude oil production in the United States has been on the rise, topping 10.86 million bpd in September—the highest since May. Still, it’s…
Top Oil Stocks For Investors This December
Energy was one of the hardest-hit industries by the coronavirus pandemic. It was, without exaggeration, pummeled into the ground, with demand destruction causing dozens of bankruptcies among oil…
The Worrying Truth About The New OPEC+ Agreement
OPEC+ has finally managed to reach a production cut agreement after several days of increased internal dissent. In its statement, the group reiterated a continued commitment to a…
The U.S. Senate Just Gave Nuclear Power A Major Boost
The US Senate Committee on Environment and Public Works (EPW) has approved a bipartisan bill that, among other provisions, advances the federal initiative to establish a US national…
The Next Generation Of Energy Giants Aren’t Pumping Oil
There’s a huge misconception about renewable energy that needs to be thwarted if the industry is ever to achieve its full potential. When you think about the average…
Fitch Sees Brent At $45 Next Year
Fitch Ratings said it expected Brent crude to average $45 a barrel next year, following OPEC+’s decision to start raising production by 500,000 bpd monthly from January 2021. “We expect…
Oil Rallies On OPEC+ Agreement
Oil prices rallied on Friday morning as OPEC+ finally came to a compromise, with the group unanimously agreeing to add 500,000bpd to January quotas.For Global Energy Alert members…
Oil Rig Count Rises To Highest Level Since Mid-May
Baker Hughes reported on Friday that the number of oil rigs in the United States rose by 5 to 246—the highest number of rigs since mid-May. The total number of…
Technical Analysis: Oil Has Room To Run
U.S. West Texas Intermediate crude oil futures are trading higher on Friday as major producers agreed on a compromise to continue some cuts to production to cope with coronavirus-hit demand…
The End Of Growth For U.S. Shale
1. Exxon’s sharp CAPEX cuts- ExxonMobil (NYSE: XOM) announced plans to cut its CAPEX down…
An Energy Trade War Is Brewing
Politics, Geopolitics & Conflict - Trump is adding China’s national offshore oil and gas producer, CNOOC, to the U.S. defense blacklist, launching a salvo that looks a lot like a…
It’s Time To Take Profits On Oil Stocks
Usually, when a market move makes no sense to you, it is you that is wrong. As my old dealing room boss loved to say, or rather shout, the market…
Libya Stuns Oil Market With Rapid Recovery
Libya has stunned everyone by fairly quickly ramping up to 1.2 million bpd in a matter of months. That’s an impressive feat impressive given the damage that was done. But…
Russian Energy Minister Sees 2 Million Bpd OPEC+ Output Increase In April
A day after OPEC reached a difficult agreement to boost oil production by half a million barrels daily from January, Russian Deputy Prime Minister Alexander Novak told local media…
Aramco CEO Sees Meaningful Oil Price Recovery In 2021
Oil prices are set to see a meaningful recovery in the second half of next year as the worst for producers, and the market is behind us, Amin Nasser, the…
Oil Prices Inch Towards $50 On OPEC+ Agreement
Oil prices rose early on Friday, headed for a fifth week of gains, after OPEC+ managed to seal a compromise deal over its oil production policy early next year, presenting…
The Death Of U.S. Shale Has Been Greatly Exaggerated
The current year marks the 15th anniversary of the U.S. shale boom, a period in which fracking technology across such states as Texas, Colorado, New Mexico, North Dakota, and Wyoming…
Decarbonizing U.S. Utilities: The Money Talks
If policy makers in Washington wanted to hasten the demise of coal fired electric generating stations, they could not have done a better job. What interests us here is that…
OPEC+ Finally Reaches Deal On 2021 Oil Output Cuts
After much debate, the OPEC+ group has finally reached an agreement on oil production for next year. Or at least for January. OPEC+ will, as a group, add in 500,000…
The Oilfield Service Industry Will Never Truly Recover
The oilfield service (OFS) market is projected to lose a cumulative $340 billion in purchases value over the next eight years, a Rystad Energy analysis shows, as peak…
