 |
Louisiana Light • 2 days | 85.15 | +1.26 | +1.50% | ||
|
Bonny Light • 1 day | 83.04 | -1.63 | -1.93% | ||
|
Opec Basket • 1 day | 83.36 | +0.06 | +0.07% | ||
|
Mars US • 13 hours | 80.05 | -0.82 | -1.01% | ||
|
Gasoline • 10 mins | 2.473 | -0.007 | -0.29% |
|
Bonny Light • 1 day | 83.04 | -1.63 | -1.93% | ||
|
Girassol • 1 day | 83.15 | -1.75 | -2.06% | ||
|
Opec Basket • 1 day | 83.36 | +0.06 | +0.07% |
|
Peace Sour • 10 hours | 76.35 | -0.92 | -1.19% | ||
|
Light Sour Blend • 10 hours | 77.25 | -0.92 | -1.18% | ||
|
Syncrude Sweet Premium • 10 hours | 80.85 | -0.92 | -1.13% | ||
|
Central Alberta • 10 hours | 76.50 | -0.92 | -1.19% |
|
Eagle Ford • 1 day | 80.40 | -1.37 | -1.68% | ||
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Oklahoma Sweet • 1 day | 79.00 | -1.50 | -1.86% | ||
|
Kansas Common • 1 day | 83.12 | +9.12 | +12.32% | ||
|
Buena Vista • 1 day | 86.94 | -1.62 | -1.83% |
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Energy
India And UAE Strengthen Energy Ties With New Strategic Oil Deal
Last week saw the already broadening and deepening ties between the UAE and India extend further. With the announcement in August 2020 of the U.S.-brokered…
A Successful Energy Transition Will Need Oil Demand Destruction
There’s a dark secret about the energy transition that politicians and energy regulators all too frequently shy away from. Unfortunately, unless this issue is dealt with the energy…
Russia's Energy Influence In Europe Is Growing
For years, the United States has stood in strong opposition to the construction and then opening of the Nord Stream 2 pipeline, which runs under the Baltic Sea…
Gazprom Hikes Export Prices As EU Gas Crisis Deepens
Russia's natural gas giant, Gazprom, raised its 2021 price guidance for natural gas exports, while signaling caution on volumes it could ship, as Europe’s energy crisis worsens. According to Bloomberg,…
China’s Coal Prices Soar To All-Time High As Floods Shut Down Sixty Mines
Coal futures in China closed at a new record high on Monday after sixty coal mines in the country’s top coal-producing region were forced to shut amid heavy rain, flooding,…
Oil Supply Adequate For Now, But Larger Supply Crunch Looms
Global oil supply will be enough to meet demand in the short and medium term, but the world is headed towards a supply shortage after 2026 unless the oil industry…
Iran’s Oil Minister Presents Creative Plan To Draw In New Crude Oil Investment
Iran is offering crude oil in exchange for goods or investments in its oil industry, oil minister Javad Owji told Iranian TV, as quoted by Bloomberg. The plan has…
Brent Crude Nears $85 As Global Energy Crisis Worsens
Oil prices extended Friday’s rally into Monday, with the U.S. benchmark topping $81 and trading just shy of $82 a barrel as Europe and Asia continue to struggle to…
High Natural Gas Prices Could Lead To 2 Million Bpd Extra Oil Demand
Oil prices have vaulted to multi-year highs after OPEC and other major producers opted last week against increasing output by more than previously agreed. However, it's the natural…
Record High LNG Prices Could Result In Demand Destruction
Driven by the global energy rally, Asia’s spot liquefied natural gas (LNG) prices exceeded this week the psychological threshold of $50 per million British thermal units (mmBtu). The…
Lebanon’s Unravelling Economy Could Have A Major Geopolitical Impact
Crisis-riven Lebanon appears on the brink of collapse once again. The deeply divided Mediterranean country, which was engulfed by a sectarian civil war for 15 years…
Europe Desperately Needs To Diversify Its Energy Supply
We have written twice over the last week concerning the energy crunch, first in China and then in India
Forex And Commodity Trading Comes Under Fire In China
Several weeks after Beijing's seemingly final ban in a long series of crackdowns on bitcoin trading, when the PBOC said that all crypto-related transactions are illegal which ironically…
Is America Doomed To Replicate Europe’s Energy Crisis?
For weeks now, there has been virtually no other news but the energy crunch that surprised Europe in September and has since then gone on to roil every…
Is Europe Doing Enough To Realize Its Long-Term Energy Goals?
As we transition to renewables, hoping to leave oil and gas in the background, will it be possible to generate enough power when we’re already seeing failures due…
Gazprom Plant Connected To Russia-China Gas Pipeline Shuttered Due To Fire
China's energy crunch has resulted in power rationing in more than half of the provinces and affected the world's biggest production base for…
China Eyes Kazakh Coal As Energy Demand Soars
China is the world’s biggest coal consumer. Neighboring Kazakhstan sits on some of the world’s biggest coal reserves. Yet they have never done much business trading the stuff,…
Prepare For A Prolonged Period Of High Energy Prices
WTI temporarily broke the $80 mark on Friday morning as the global energy crunch continues to drive prices higher.
Cold Winter Will Leave Europe Short On Gas Unless Russia Boosts Supply
Europe may not have enough natural gas to meet demand in a cold winter, especially if Asia’s winter is cold too, unless Russian gas deliveries to European customers are increased,…
U.S. Rig Count Climbs As Crude Prices Rally
The number of oil and gas rigs in the United States rose by 5 this week, according to Baker Hughes, bringing the total number of additions since the start of…
