 |
Louisiana Light • 2 days | 82.73 | -0.73 | -0.87% | ||
|
Bonny Light • 1 day | 83.00 | +0.29 | +0.35% | ||
|
Opec Basket • 2 days | 82.95 | -0.13 | -0.16% | ||
|
Mars US • 196 days | 77.26 | -1.51 | -1.92% | ||
|
Gasoline • 10 mins | 2.551 | +0.013 | +0.52% |
|
Bonny Light • 1 day | 83.00 | +0.29 | +0.35% | ||
|
Girassol • 1 day | 84.24 | +0.18 | +0.21% | ||
|
Opec Basket • 2 days | 82.95 | -0.13 | -0.16% |
|
Peace Sour • 9 hours | 71.94 | +0.58 | +0.81% | ||
|
Light Sour Blend • 9 hours | 74.99 | +0.58 | +0.78% | ||
|
Syncrude Sweet Premium • 9 hours | 81.94 | +0.58 | +0.71% | ||
|
Central Alberta • 9 hours | 72.34 | +0.58 | +0.81% |
|
Eagle Ford • 2 days | 75.11 | +0.61 | +0.82% | ||
|
Oklahoma Sweet • 2 days | 75.00 | +0.50 | +0.67% | ||
|
Kansas Common • 1 day | 69.50 | +0.50 | +0.72% | ||
|
Buena Vista • 2 days | 83.26 | +0.61 | +0.74% |
Saudi Arabia’s Oil Giant Keeps $31-Billion Q1 Dividend Despite Profit Drop
Despite a decline in net…
Oil Prices Under Pressure Despite Israel Sending Troops Into Rafah
Oil prices remain under pressure…
Israel-Hamas Peace Talks Fall Apart
Peace talks between Israel and…
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Venezuelan Oil Production Could Plunge To Zero
The oil markets are shrugging off the threat to global oil supplies from Iran and Venezuela, with rising U.S. inventories assuaging concerns about market tightness. The failed coup attempt in…
BP CEO: Trump Is The Wild Card In Oil Markets
More than a week after the U.S. announced that it was ending all sanction waivers for Iranian oil customers, President Donald Trump’s policy toward Iran is still the key wild…
What’s Behind The Mid-Week Oil Price Crash
Oil prices crashed mid-week on news that U.S. crude oil inventories spiked, offering evidence that the oil market is not as tight as expected only a few…
Has OPEC Reached Its Real Output Cut Goals?
OPEC production estimates from a couple of surveys are in and they suggest the cartel, despite its best efforts, has not been completely successful in its efforts to drive prices…
Mexico Puts The Squeeze On Fuel Theft
Pemex is struggling--to put it lightly. Petroleos Mexicanos, Mexico’s long-mismanaged state-owned oil company, has been bleeding money as its production levels have fallen to a trickle of their former production…
Shell Beats Estimates And Rivals In Strong Q1
Royal Dutch Shell (NYSE: RDS.A), one of the last supermajors to report Q1 earnings, was the one that stood out among the crowd with better-than-expected results, as its trading…
Oil Prices Tank On Record U.S. Production, Surging Inventories
Oil prices plunged early on Thursday to the lowest in a month after U.S. government data showed on Wednesday that inventories hit their highest since September 2017 and production soared…
Dem Presidential Hopeful Shames Oil Workers, Refuses Oil-Related Campaign Money
Beto O’Rourke, a Democratic presidential candidate, has signed a pledge to not accept any campaign donations from the oil and gas industry, and to return donations received since the start…
Economists: Higher Oil Prices Here To Stay
Economists have jacked up the projection for U.S. light crude to average $60.23 per barrel in 2019 from a $58.92 forecast in March in the second and most bullish upwards…
High-Cost Oil Faces Existential Risk
The world is not going to run out of oil. There is plenty of it. In fact, there is likely way more oil than we need, and much of it…
Saudi Arabia, UAE “Draw The Death And Collapse Of OPEC”
In among the multitude of threats that Iran has made public since the US sanctions on Iran were levied, Iran has now heralded the collapse of OPEC, if OPEC members…
$1 Billion In Iranian Crude Is Stuck At This Chinese Oil Hub
It's no secret that Beijing has chafed at American audacity to try and dictate whom Chinese refineries can and can't buy oil from. And in the latest example of just…
OPEC Oil Production Slips To 4-Year Low
Crude oil production from OPEC declined to the lowest in four years last month, a Reuters survey has suggested, largely because of the continued fall in Venezuelan output and…
The Next Leg Higher For Oil Prices
This week in oil is all about last week. Which is to say, the main force pushing markets is still the digestion of Trump’s surprise move to end Iran’s waiver…
The Militarization Of Libya’s Oil Industry
Haftar Could Theoretically Take Over Libya’s Oil Exports Without Tripoli As General Haftar continues his offensive designed to take control of Tripoli and oil revenues, he is using the National…
The Biggest Losers From The Iran Sanctions
The 6-month waivers granted by the Trump Administration to eight jurisdictions expired this weekend and the White House has made all but clear that it intends not to prolong any…
LNG: A Growing Factor In Oil Demand Destruction
The global population of plug-in electric vehicles (PHEVs) is expected to reach 8.5 million by the end of 2019, according to EV Volumes, with an addition of 3.1 million passenger…
The Moment Of Truth For Trump’s Iran Waivers
Brace yourself for a post-waivers era of total Iranian sanctions – this is the key message that the Trump Administration wants to convey to the global oil and gas community.…
IMF Has Bad News For The Middle East And Oil Is To Blame
Heightened volatility in oil prices as well as political instability will combine to pressure economic growth in the Middle East, the International Monetary Fund warned in the latest edition…
Oil Falls On Soaring U.S. Crude Inventories
Crude oil traded lower today after the Energy Information Administration reported a substantial build in crude oil inventories, at 9.9 million barrels for the last week of April. The…
