 |
Louisiana Light • 2 days | 82.73 | -0.73 | -0.87% | ||
|
Bonny Light • 21 hours | 83.00 | +0.29 | +0.35% | ||
|
Opec Basket • 2 days | 82.95 | -0.13 | -0.16% | ||
|
Mars US • 195 days | 77.26 | -1.51 | -1.92% | ||
|
Gasoline • 10 mins | 2.561 | +0.023 | +0.90% |
|
Bonny Light • 21 hours | 83.00 | +0.29 | +0.35% | ||
|
Girassol • 21 hours | 84.24 | +0.18 | +0.21% | ||
|
Opec Basket • 2 days | 82.95 | -0.13 | -0.16% |
|
Peace Sour • 20 hours | 71.36 | +0.14 | +0.20% | ||
|
Light Sour Blend • 20 hours | 74.41 | +0.14 | +0.19% | ||
|
Syncrude Sweet Premium • 20 hours | 81.36 | +0.14 | +0.17% | ||
|
Central Alberta • 20 hours | 71.76 | +0.14 | +0.20% |
|
Eagle Ford • 2 days | 75.11 | +0.61 | +0.82% | ||
|
Oklahoma Sweet • 2 days | 75.00 | +0.50 | +0.67% | ||
|
Kansas Common • 21 hours | 69.50 | +0.50 | +0.72% | ||
|
Buena Vista • 2 days | 83.26 | +0.61 | +0.74% |
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China’s Very Ambitious Transportation Revolution
The proverb goes that when China coughs, the world catches the flu. The unprecedented economic development of the world's most populous country has led to a steep increase in national…
Subsea Sector Could Lose Big If Oil Prices Plunge
The subsea market in 2019 will experience year-on-year growth for the first time since 2014, but the positive outlook is vulnerable to any significant decline in oil prices over the…
Brazil Government Looks To Fully Privatize Petrobras By 2022
Brazil’s government wants to privatize Petrobras by the end of its term, in 2022, Reuters reports, citing information from unnamed sources carried by Brazilian media. That’s despite President Bolsonaro’s initial…
Russia’s Breakeven Oil Price Falls To Decade Low
Amid internal and external economic uncertainties, Russia keeps a conservative budgeting policy and has its 2019 budget break even at an Urals price of $49.20 a barrel, the lowest…
U.S. To “Drown The World” In Oil
The U.S. could “drown the world in oil” over the next decade, which, according to Global Witness, would “spell disaster” for the world’s attempts to address climate change.…
Hong Kong Billionaire Loses $20 Billion In Canadian Oil Sands
While Aramco is signaling that the preparation for its long-awaited IPO is still underway, another big oil company may soon go private. Canada’s Husky Energy has suffered…
Investors Are Ditching High-Yield Shale Bonds
Investors in high-yield riskier bonds of U.S. shale firms have caught up with equity investors in showing impatience over the mounting debt that the shale patch has piled up to…
The Downside Risk For Oil Prices Is Undeniable
Inverting yield curves, a shrinking German economy, Brexit, two trade wars, tariffs and slowing industrial activity in China are all pointing to the possibility of a recession. Even…
Oil Bears Shouldn’t Bet On A Global Economic Meltdown
Markets convulsed at the end of last week after a weak GDP print in Germany and slowing industrial production data from China caused a flight to safety and an inversion…
A Very Fragile Balance In Oil Markets
Against the background of the United States softening its rhetoric vis-à-vis Huawei and Saudi Arabia taking matters into its own hands in cutting export rates significantly below the 7mbpd export…
The US Light Crude Wave In Europe
As any attentive reader of our Oil & Gas Insider feature would attest, the oil market is in constant flux and one nation’s fate might drastically swing from that of…
Electric Vehicles Will Win Big In A Recession
The news on vehicle sales is indicative of the growing economic headwinds. Data published by the China Association of Automotive Manufacturers showed auto production down 12.4% in the first half…
The Anti-Iran Alliance Is Cracking
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Study: UK Shale Gas Reserves Could Be Much Lower Than Thought
The UK may have economically recoverable shale gas resources that are five times lower than estimates from earlier this decade, new research suggests. A new study from the…
Presidential Candidates Take Aim At Major Oil Pipelines
Several new oil and gas pipelines have drawn the ire of the Democratic presidential candidates, and a few major pipelines could be at risk after the 2020 election. Ahead of…
Alberta Extends Oil Production Cuts
Alberta has announced an extension of the obligatory oil production cuts approved by the previous government on the grounds that it is uncertain when new pipeline capacity would come on…
Oil Prices Steady As EIA Reports Small Crude Draw
Oil prices held steady on Wednesday morning after the Energy Information Administration today reported a draw of 2.7 million barrels in crude oil inventories. Analysts had expected a…
The Toughest Challenge For Any Energy Company In 2019
Volatile oil and gas prices, sudden price slumps, and concerns about future oil demand have combined over the past year or two to make investors shun oil and gas stocks,…
How Much Crude Oil Has The World Really Consumed?
The Energy Information Administration (EIA) estimates that the world consumed 96.92 million barrels per day in 2016, with the top 10 consumers accounting for 60 percent of the total…
Shale Bleeds Cash Despite Best Quarter In Years
The second quarter earnings results are complete, and it was another rough three-month period for U.S. shale. Oil prices climbed in the second quarter, with Brent topping out in the…
