 |
Louisiana Light • 4 days | 84.39 | +0.14 | +0.17% | ||
|
Bonny Light • 3 days | 84.45 | -0.41 | -0.48% | ||
|
Opec Basket • 4 days | 84.23 | -2.94 | -3.37% | ||
|
Mars US • 184 days | 77.26 | -1.51 | -1.92% | ||
|
Gasoline • 11 mins | 2.555 | -0.001 | -0.02% |
|
Bonny Light • 3 days | 84.45 | -0.41 | -0.48% | ||
|
Girassol • 3 days | 85.44 | -0.34 | -0.40% | ||
|
Opec Basket • 4 days | 84.23 | -2.94 | -3.37% |
|
Peace Sour • 3 days | 72.15 | -0.05 | -0.07% | ||
|
Light Sour Blend • 3 days | 75.20 | -0.05 | -0.07% | ||
|
Syncrude Sweet Premium • 3 days | 82.15 | -0.05 | -0.06% | ||
|
Central Alberta • 3 days | 72.55 | -0.05 | -0.07% |
|
Eagle Ford • 4 days | 75.43 | -0.05 | -0.07% | ||
|
Oklahoma Sweet • 4 days | 75.50 | +0.00 | +0.00% | ||
|
Kansas Common • 6 days | 72.25 | -0.75 | -1.03% | ||
|
Buena Vista • 7 days | 87.60 | -1.22 | -1.37% |
Breaking News:
The Race for Green Hydrogen Dominance is Heating Up
Countries worldwide are competing to…
U.S. Drilling Activity Slips
The total number of active…
U.S. Oil and Gas Production Continues to Shatter Records
The United States continues to…
Energy
Oil Prices Rally As Saudi Arabia Pledges To Cut Additional 1 Million Bpd
Oil prices turned higher on Monday, erasing earlier losses after the world’s top oil exporter and OPEC leader, Saudi Arabia, said it would cut oil production by an additional 1…
What’s Behind The Sudden Rally In Natural Gas?
U.S. natural gas prices have jumped more than 20 percent from an early April low and are set to rise through the rest of the year despite high…
Qatar Uses Market Mayhem To Secure Top Spot In Global LNG Market
Despite – or perhaps because of - the global overhang in liquefied natural gas (LNG) supplies, a weak demand profile, and ongoing uncertainty in the hydrocarbons market overall,…
The Major Problem With Shutting Down Oil Wells
Oil well shut-ins are the new black. Everyone, especially in the U.S. shale patch, seems to be shutting in wells in response to what is shaping…
Bulls Call The Bottom In The Oil Market, But Are They Right?
The current year is likely to go down in the annals of stock trading as one that set the biggest records, both good and bad. It took a…
Is The Tesla Bubble About To Burst?
I started trading stocks in the late 90s, it was an exciting time; the internet was coming of age, and investors, or rather day traders, were extremely excited…
Oil Trader Owes $9 Million After Starting The Day With $77,000
The April 20 historic oil price crash that sent the prompt May WTI contract plunging to the unheard of price of negative $40 per barrel
The Secret Behind China’s Battery Dominance
The back story on how China came to dominate the lithium-ion battery to electric vehicle (EV) supply chain by building capacity in metal…
Oil Producers May Ditch Old FPSO Offshore Projects In This Downturn
The swift oil price crash caused by the Covid-19 pandemic will reduce the combined free cash flow of FPSO fields, which have produced above three quarters of their…
How Feasible Is BP’s Zero-Emissions Goal?
When Lord Browne ran BP (formerly British Petroleum) from 1995 to 2007, those initials also stood, aspirational, for “Beyond Petroleum”. The company made renewable energy investments that complemented…
Oil Holds Gains Despite Massive Unemployment
Oil prices are poised for a second weekly gain in a row despite the harrowing jobs report released on Friday morning. (Click to…
U.S. Oil, Gas Rigs Fall Below 400 For The First Time Since 1940
Baker Hughes reported on Friday that the number of oil and gas rigs in the US fell again this week by 34, falling to 374, with the total oil and…
U.S. Oil Towns Could Take Years To Recover From Crude Price Shock
Oil towns and counties in America’s states most dependent on oil revenues are once again hit by the bust in the oil cycle, but this time the drilling activity slump…
Why It Makes Sense To Short Oil
In a dealing room, making bad calls is a fact of life. I don’t care how smart you are or think you are, no trader has ever been 100% correct…
Is This Oil Rally Justified?
U.S. West Texas Intermediate crude oil futures are in a position to close higher for a second consecutive week on Friday as more countries moved forward with plans to ease…
What's Wrong With Brent Oil Futures?
Friday, May 8, 2020 1. ExxonMobil posts first quarter loss- ExxonMobil (NYSE: XOM) reported a…
What Will OPEC Do Next?
COVID Market Update - If you want to know where OPEC’s production is heading, one needs only to look at their next month’s OSP, particularly to its largest market, Asia.…
Saudi Arabia’s Attack On The U.S. Shale Patch
Tankers carrying some 35 million barrels of Saudi oil are about to hit the shore of the United States, dealing another blow to the US shale patch, while the administration…
Oil Prices Set For Second Consecutive Weekly Gain
Oil prices were poised for a second weekly gain in a row early on Friday, as traders bet that the worst of the demand loss is behind us while production…
Goldman Sachs: Oil Demand Could Exceed Supply By End-May
Oil demand could rebound enough to exceed supply by the end of this month, Goldman’s head of commodities Jeffrey Currie told Barron’s Market Brief, noting that this would be in no…
