 |
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:
Cash-flush Oil Industry Has Less Appetite For Debt
Demand for loans from the…
Texas Is Preparing for Electricity Demand to Surge
Texas is breaking for electricity…
Lower Natural Gas Prices Squeeze Big Oil's Profits in Q1 2024
U.S. supermajors ExxonMobil and Chevron,…
Energy
Iran: Oil To Fall To $40 If OPEC Fails To Reach Deal
A fractured OPEC is meeting later this week to discuss a deal to cut oil production—yet again—to rebalance the market and lift oil prices that have recently slipped to below…
Is This The Next Disaster For Canadian Drillers?
The government of Alberta this week took an unprecedented decision to enforce a crude oil production cut so excess inventories could be shrunk and the price of western Canadian grades…
Qatar’s OPEC Exit May Just Be The Beginning
Much has already been written over the last 24 hours by pundits and analysts alike about Qatar’s decision to leave the Organization of the Oil Exporting Countries (OPEC) by January…
OPEC+ Gears Up For Production Cuts
Oil gained for a second day in a row on Tuesday, pushed up by a trade war truce, pending OPEC+ production cuts, and surprise mandatory output reductions in Canada.
Gazprom’s Next Big Bet On European Gas Markets
Amid an inimical international situation, an economy that was bound to recover, but does so rather unconvincingly and a tense domestic atmosphere, Russia continues the construction of new gas pipelines…
NOPEC Act Is A Big Concern For OPEC Members
A proposed U.S. legislation that could pave the way for suing OPEC for market manipulation is a “big concern” among the cartel and may weigh on the message from the…
OPEC Oil Exports Jump Ahead Of Meeting
Crude oil exports from OPEC went up by 619,000 bpd last month, data from French shipping data tracking company Kpler showed, with Venezuela notable for a 358,000-bpd increase alone. In…
Is This The Beginning Of The Next Bull Run In Oil?
It will be a busy few days for the oil market, and the week started off with a bang. Oil prices shot up on Monday on news that the U.S.…
Qatar’s Irrational Decision To Leave OPEC
OPEC’s future is once again up in the air after the decision by Qatar to leave the oil cartel on January 1 2019. Saad Al Kaabi, Qatar’s minister of energy,…
Putin Looks To Capitalize On Waning U.S.-Saudi Relations
One truth eternally rears its head in global oil markets: When the current price for oil no longer clears the market, it will drop. The inverse is also true: When…
Alberta Intervenes To Halt Canada’s Oil Crisis
Oil prices rose on Monday, buoyed by coordinated production cuts – cuts that did not come from Vienna (although that too could occur later this week). Instead, the mandatory reductions…
Australians Create Battery From Waste
Wherever you look these days there’s talk about batteries. Cheaper batteries, solid state batteries, recycled batteries, it’s breakthrough after breakthrough, it seems. Few of these, however, see the light of…
China-U.S. Ceasefire Paves Way For New LNG Projects
News broke on Saturday that the U.S. and China had reached a ceasefire in its ongoing trade war after President Trump met with Chinese President Xi Jinping at the…
Oil Jumps On Trump-Xi Trade Truce
Crude oil began trading today with a 5-percent gain following favorable reports from G20, where Presidents Trump and Xi agreed on a 90-day truce and Russia’s Vladimir Putin said…
Qatar Quits OPEC
Qatar will leave the Organization of Petroleum Exporting Countries as of next month, its energy minister told media today, adding that the decision was part of a long-term strategy…
What Crashing Refining Margins Mean For Oil Markets
Oil prices have plunged to one-year lows, but refiners in certain parts of the U.S. are not benefitting from cheaper crude. According to new data from the EIA, refining margins…
The Saudi Dilemma: To Cut Or Not To Cut
To cut and push up prices or not to cut and preserve market share, this is the question that Saudi Arabia is facing ahead of this year’s December OPEC meeting.…
The Biggest Threat To Australia’s LNG Sector
Demand for natural gas is rising fast. The relative clean nature of the fuel, abundance, and geographic distribution make it a good alternative to pollutant coal and intermittent renewables. The…
Are Oil Markets About To Turn Around?
Despite hitting its lowest level in over a year earlier in the week, crude oil is showing signs of stabilizing. This is perhaps an early indication that the worst of…
Shale Drillers May Cut Capex As Oil Falls To $50
Just as the U.S. shale patch is drafting spending budgets for 2019, oil prices have tumbled 25 percent from four-year highs in early October to just above $50 a barrel…
