 |
Louisiana Light • 3 days | 87.12 | +0.63 | +0.73% | ||
|
Bonny Light • 2 days | 90.15 | +1.75 | +1.98% | ||
|
Opec Basket • 3 days | 88.39 | -0.06 | -0.07% | ||
|
Mars US • 177 days | 77.26 | -1.51 | -1.92% | ||
|
Gasoline • 2 days | 2.765 | +0.006 | +0.23% |
|
Bonny Light • 2 days | 90.15 | +1.75 | +1.98% | ||
|
Girassol • 2 days | 90.85 | +1.82 | +2.04% | ||
|
Opec Basket • 3 days | 88.39 | -0.06 | -0.07% |
|
Peace Sour • 2 days | 76.77 | +0.76 | +1.00% | ||
|
Light Sour Blend • 2 days | 79.82 | +0.76 | +0.96% | ||
|
Syncrude Sweet Premium • 2 days | 86.77 | +0.76 | +0.88% | ||
|
Central Alberta • 2 days | 77.17 | +0.76 | +0.99% |
|
Eagle Ford • 3 days | 80.05 | +0.76 | +0.96% | ||
|
Oklahoma Sweet • 3 days | 80.00 | +0.75 | +0.95% | ||
|
Kansas Common • 3 days | 73.75 | +0.75 | +1.03% | ||
|
Buena Vista • 4 days | 87.23 | -0.55 | -0.63% |
Breaking News:
Zombie Fires Pose Looming Threat to Canada’s Oil and Gas Infrastructure
Canada faces an escalating threat…
Mysterious Iranian 'Spy' Ship Returns Home As Israel-Iran Conflict Worsens
A suspected Iranian spy ship…
Oil Traders Hedge Geopolitical Risk With Record Options
Call options are currently trading…
Energy
Biden Can’t Save U.S. Coal, But He Can Help The Miners
Margaret Thatcher hated the UK’s coal miners and especially their union. A series of brutal strikes divided the nation during her regime. But when the time came to…
U.S. Oil Production Won’t Make A Comeback Under Current Prices
Oil prices remain stable despite rising pressure over the last week. Economic data from the United States fueled bearish sentiment despite encouraging data from the EIA. The U.S.…
Russian Oil Output Falls 16% In July
Russian oil companies pumped 16 percent less oil last month than a year earlier, government data reported by Interfax showed. At 39.63 million tons, Russia’s average daily output for…
Oil Prices Rise Despite An Influx Of OPEC+ Crude
Oil prices jumped on Monday morning, recuperating earlier losses, on the first trading day after OPEC+ eased its record oil production cuts by 2 million barrels per day (bpd), while…
Vitol Employees And Execs See Massive $2.2 Billion Payday
Commodity trading giant Vitol bought back shares worth $2.2 billion from its top 350 executives and employees who are the owners of the company, Bloomberg reported, noting this brings…
Saudi Arabia May Be Forced To Cut Oil Prices Once Again
After three consecutive months of raising its crude oil prices, the world’s largest oil exporter, Saudi Arabia, is widely expected to make the first cut to its official…
Asian LNG Prices Are Way Too Low For U.S. Exporters
A massive wave of investment has poured into LNG export terminals around the world in recent years, and nearly all of the projects have China at the center…
Why Energy Demand Is Plummeting In The U.S.
All the way back in April (which may as well be years ago at the rate that the news cycle is moving these days) Oilprice
Apache Compensates For Poor Earnings With A Major Oil Discovery
Last year, shale driller Apache Corp. (NYSE: APA) made waves after it sacked one of the most iconic CEOs in the…
COVID Pandemic Has Upended MLPs
Income-generating assets have had a challenging time since the Covid-19 pandemic began. Popular income vehicles like master limited partnerships (MLPs) have been especially hard-hit. The plunge in energy…
Why Is Carbon Capture Struggling In Texas?
Back in March of 2018, Axios reported on what they called the “oily path to tackling climate change.” For the article, reporter Amy…
Apple Overtakes Saudi Aramco As The World’s Most Valuable Company
It is a time for market shakeups. On Friday, tech giant Apple unseated oil giant Saudi Aramco as the world’s most valuable company. Earlier in the week, the market saw…
Economic Turmoil Leaves Oil Trapped At $40
Oil prices fell on Thursday following a truly devastating second-quarter GDP report in the U.S., with WTI now stuck at the $40 mark.For Global Energy Alert members there…
Brutal 20-Week Rig Count Collapse Finally Subsides As Oil Prices Stabilize
Baker Hughes reported on Friday that the number of oil rigs fell, while the combined oil and gas rig count in the US held steady this week at 251, marking…
Is Natural Gas Set To Plunge Again?
With crude stuck in a range for a month or so, my attention has increasingly been on natural gas. That is unusual for me. Anything that moves in big chunks…
Oil Unlikely To Rally Much Higher This Summer
U.S. West Texas Intermediate crude oil is trading higher on Friday, but down for the week. Thursday’s steep drop also wiped out most of market’s monthly gain. Although the foundation…
Gasoline Demand Is Bouncing Back
1. China bouncing back- China imposed the strictest lockdown at the start of the pandemic,…
A Brutal Earnings Season
COVID Market Update Lackluster short-term oil demand is still holding oil benchmarks back and creating a mountain of headaches for oil companies that require higher prices to break even. Despite…
Libya's Oil Conflict Is Escalating Again
A line-up of external actors is preparing to escalate the military conflict in Libya, but none of them want to. It’s about securing positions and hoping for a real cease-fire…
Oil Price Crash Led To Exxon’s Worst Loss In Its Modern History
Following the oil price and demand crash, ExxonMobil (NYSE: XOM) reported on Friday its second consecutive quarterly loss, which was the worst loss for the U.S. supermajor in its…
