 |
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 • 2 days | 2.555 | -0.041 | -1.59% |
|
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:
Reuters Estimates: Russian Oil and Gas Revenue to Double in April
Higher oil prices are expected…
Lithium Faces Challenge From Sodium Batteries
Lithium-ion has been the dominant…
Turkmenistan Tops Russia in Gas Export Earnings to China
Turkmenistan's natural gas exports to…
Energy
Some Shale Drillers Are Restarting Production At $25 Oil
U.S. oil prices slumped into negative territory less than a month ago as storage space fills up fast. And yet it appears that some producers are ready to…
U.S. Oil Companies Are Cutting Production Much Faster Than Expected
The United States is on track to cut 1.7 million barrels of oil production per day, according to Reuters calculations of state and company data shared on Thursday. It was U.S.…
The Only Hotspot Where Big Oil Will Still Spend
Oil majors may be slashing spending and deferring development plans across the globe, but they remain committed to developing the newest offshore oil finds in the heart of…
Did The Plastics Boom End Before It Even Started?
Three years ago, the UN declared plastic pollution a global crisis, more than three decades after the discovery of the Great Pacific…
The Terrifying Truth About Trading Oil
When we buy stocks – as long as we don’t trade on margin – we know that the worst case scenario is a 100% loss on our investment. But that…
Why Is Russian Crude So Expensive?
One of the main reasons why the coronavirus-induced price slump feels so odd is that it is accompanied by a prolonged price war that has simultaneously dropped crude differentials, in…
Saudi Arabia Raises Oil Prices As Demand Recovers
Saudi Arabia’s oil giant Aramco raised the price for all its crude oil grades to all regions for June in a move that analysts see as the start of demand…
China’s Oil Imports Soar In April
China crude oil imports increased in April to about 9.84 million bpd as demand for fuels began to rebound, Reuters reports, citing customs data. The country’s overall exports posted an…
Oil Jumps 10% As Saudis Raise Prices For First Time Since Price War
After slumping much of yesterday, Brent soared on Thursday morning, after Saudi Arabia stepped in to prop up the recovery in the energy market by raising crude prices for its…
Why Oil Is Critical To U.S. Survival
One more word on Beijing’s plans leading up to, and during, the 2020 crisis. This crisis was to be the pivotal point for the…
Is This The End Of The LNG Boom?
The glut of natural gas could lead to more cancelled LNG exports in the next few months. “It is clear that yes we face today people talk lot about the…
The Shale Basins That Have Been Hit Hardest By The Oil Price Crash
It might sound like a headline about Canada’s oil industry or Venezuela’s, but even the most prolific basins in the U.S. shale patch are crumbling under the weight of low…
The Crucial Oil Pipeline That Could Help Iran Skirt Sanctions
Construction is now fully under way of Iran’s game-changing oil pipeline that will be able to transport huge quantities of oil and petrochemicals from its major oil…
Oil Majors Are Abandoning This Key Shale Basin
Royal Dutch Shell announced this week that it was selling its Appalachia shale gas assets for $541 million in a transaction that wouldn’t…
The Unnoticed Power Grab Unfolding In Libya’s Oil Crescent
Coronavirus coverage might overshadow the recent developments in Libya, yet rarely has the situation on ground been more complex and difficult to predict. Field Marshal Khalifa Haftar first announced that…
Morgan Stanley Says The Worst Is Over For Oil
The worst for oil is over, but the road to recovery will be long and windy, Bloomberg’s Javier Blas tweeted, citing Morgan Stanley analysts. According to them, April was the…
Saudi Arabia Succeeds In Seizing Oil Market Share From Key Rivals
The Saudi-Russian oil price war may be officially over with the new, historic, OPEC+ deal, but Saudi Arabia has continued to aggressively pursue additional market share in Asia and managed…
Oil Prices Bounce Back On Smaller-Than-Expected Crude Build
The Energy Information Administration reported a crude oil inventory build of 4.6 million barrels for the week to April 24, after a 9-million-barrel build the previous week. This compared…
Oil Prices Fall As 20 Million Americans Lose Their Jobs
After a five-day streak of gains, oil prices reversed course early on Wednesday after a dismal U.S. jobs report and ahead of EIA’s weekly inventory report which will shed light…
This Could Be The Beginning Of A Tremendous Oil Rally
If you’re a fan of oil, and I expect you are seeing as how you’re reading articles on OilPrice, get ready for a positive forecast about oil prices…
