 |
Louisiana Light • 2 days | 83.17 | +0.44 | +0.53% | ||
|
Bonny Light • 1 day | 83.46 | +0.46 | +0.55% | ||
|
Opec Basket • 2 days | 83.30 | +0.35 | +0.42% | ||
|
Mars US • 196 days | 77.26 | -1.51 | -1.92% | ||
|
Gasoline • 13 hours | 2.574 | +0.036 | +1.43% |
|
Bonny Light • 1 day | 83.46 | +0.46 | +0.55% | ||
|
Girassol • 1 day | 84.84 | +0.60 | +0.71% | ||
|
Opec Basket • 2 days | 83.30 | +0.35 | +0.42% |
|
Peace Sour • 1 day | 71.94 | +0.58 | +0.81% | ||
|
Light Sour Blend • 1 day | 74.99 | +0.58 | +0.78% | ||
|
Syncrude Sweet Premium • 1 day | 81.94 | +0.58 | +0.71% | ||
|
Central Alberta • 1 day | 72.34 | +0.58 | +0.81% |
|
Eagle Ford • 2 days | 75.71 | +0.60 | +0.80% | ||
|
Oklahoma Sweet • 2 days | 75.75 | +0.75 | +1.00% | ||
|
Kansas Common • 2 days | 69.50 | +0.50 | +0.72% | ||
|
Buena Vista • 3 days | 83.26 | +0.61 | +0.74% |
Breaking News:
Tokyo Researchers Unveil Stable, Highly Conductive Lithium-Ion Conductor
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Under-hedged U.S. Shale Patch Exposed To Falling Oil Prices
Commodity analysts at Standard Chartered…
Stronger Chinese Oil Imports May Send WTI Above $80
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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…
Oil Output Cuts May Be Coming But Don’t Bet on It
As I write, the world’s leaders are meeting at the G20 summit in Argentina. There are, as always, lots of story lines surrounding the meeting, some financial in nature such…
Why We Should Worry About Low Oil Prices
Many people, including most Peak Oilers, expect that oil prices will rise endlessly. They expect rising oil prices because, over time, companies find it necessary to access more difficult-to-extract oil.…
LNG Prices Are In A Tailspin Due To Warmer Weather
Liquefied natural gas (LNG) prices remain under pressure amid warmer temperatures in the Northern Hemisphere, with more warm winter months projected in the world’s top three LNG importing countries -…
Do Falling Oil Prices Help Or Hurt The U.S.?
“If you repeat a falsehood long enough, it will eventually be accepted as fact.” In the financial markets, and economics, it is a common occurrence for the media and commentators…
Will Canadian Oil Producers Cut Output?
Record low Canadian oil prices risk deteriorating significantly cash flows and key credit metrics at Canada’s oil and gas producers, rating agency DBRS said on Wednesday in the latest…
New Breakthrough Will Change How Oil Reserves Are Measured
A Massachusetts Institute of Technology team of researchers has taken the first three-dimensional images of kerogen’s internal structure, with a level of detail more than 50 times greater than has…
