 |
Louisiana Light • 1 day | 82.90 | -0.55 | -0.66% | ||
|
Bonny Light • 4 days | 84.45 | -0.41 | -0.48% | ||
|
Opec Basket • 1 day | 83.74 | -0.05 | -0.06% | ||
|
Mars US • 186 days | 77.26 | -1.51 | -1.92% | ||
|
Gasoline • 10 mins | 2.538 | -0.050 | -1.95% |
|
Bonny Light • 4 days | 84.45 | -0.41 | -0.48% | ||
|
Girassol • 4 days | 85.44 | -0.34 | -0.40% | ||
|
Opec Basket • 1 day | 83.74 | -0.05 | -0.06% |
|
Peace Sour • 9 hours | 71.68 | +0.37 | +0.52% | ||
|
Light Sour Blend • 9 hours | 74.73 | +0.37 | +0.50% | ||
|
Syncrude Sweet Premium • 9 hours | 81.68 | +0.37 | +0.46% | ||
|
Central Alberta • 9 hours | 72.08 | +0.37 | +0.52% |
|
Eagle Ford • 1 day | 74.96 | +0.37 | +0.50% | ||
|
Oklahoma Sweet • 1 day | 75.00 | +0.50 | +0.67% | ||
|
Kansas Common • 6 days | 69.25 | -3.00 | -4.15% | ||
|
Buena Vista • 1 day | 83.20 | +0.37 | +0.45% |
Iran Claims to Have Expanded Its Axis of Resistance
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The U.S. Supermajors Double Down on World's Top Oil Basins
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Energy
EIA Report Threatens Oil Price Rally
The oil price rally saw a correction on Thursday before stabilizing on Friday morning, and refinery maintenance season may soon add more…
Rig Count Inches Lower As Oil Prices Stabilize
Baker Hughes reported a dip of two in the oil and gas rig count in the United States this week, bringing the total number of active oil and gas rigs…
IEA: Plastics Will Replace Fuels As Key Oil Demand Driver
Plastics will displace fuels as the main driver for crude oil demand, the International Energy Agency said today, adding that petrochemicals will come to account for more than 33…
Goldman Warns Of Oil Market Surplus Next Year
The oil market could swing into a surplus in early 2019 as spare capacity is deployed, Goldman Sachs said in a note to clients cited by Reuters. The investment…
The No.1 Pitfall For Oil Prices
One of the few variables that could spoil the oil prices, which many see destined to climb higher, is the pitfalls facing global demand. Global synchronized growth already came to…
Big Oil Is Back On A Spending Spree
Big Oil—and its smaller competitors—attracted a lot of praise for their tight financial discipline during the last three years, after Brent collapsed from more than US$100 a barrel to less…
Egypt Feels The Squeeze Of Higher Oil Prices
Thanks to a huge natural gas discovery off its coasts, Egypt has just become self-sufficient in this key energy source, welcoming what it hopes to be its last liquefied natural…
Is The Threat Of High Oil Prices Overstated?
As U.S. sanctions on Iran have forced some countries to stop importing oil from Iran, crude oil prices have inevitably risen. The U.S. started down this path earlier this year…
IEA Asks Majors Oil Producers To Boost Production
Rising oil prices are hurting consumers, Fatih Birol, the Executive Director of the International Energy Agency (IEA), says, calling on major all producers to do the best they can to…
Venezuela Has Officially Launched Its Oil-Backed Cryptocurrency
Venezuela has officially launched what its President Nicolas Maduro claims is a first state-backed oil-backed cryptocurrency, El Petro, which analysts and experts see as nothing but a scam and…
Saudi Arabia To Splash $20B On Oil Capacity Boost
Saudi Arabia will spend US$20 billion on boosting its oil production capacity in the coming years, Energy Minister Khalid al-Falih said, as quoted by Reuters. Earlier this week, the…
OPEC Accused Of Hiding Spare Capacity
The U.S. State Department has lashed out against OPEC, accusing the cartel of hiding 1.42 million bpd in spare oil production capacity, S&P Global Platts reports, citing a statement sent…
Why The Oil Price Rally May Soon End
Oil forecasters are falling over themselves, publishing new estimates on how high they think prices can go. The rise of Brent to $85 per barrel has forced a rethink among…
Saudi Arabia And Russia Make Secret Oil Deal
Are Saudi Arabia and Russia helping Trump out by agreeing to increase oil production? A new report from Reuters says that Russia and Saudi Arabia “struck a private deal”…
Venezuela’s Oil Exports Are Falling Even Faster Than Expected
A delay in port repairs following a tanker collision is putting additional pressure on already pressured Venezuelan crude oil exports, Reuters quoted anonymous sources close to PDVSA as saying this…
Is Argentina Producing Too Much Natural Gas?
Argentina is in the midst of an economic and market crisis. Its local currency has lost around 40 percent against the U.S. dollar so far this year. The central bank…
Is This The Biggest LNG Deal Of The Decade?
After years of indecision, governmental red tape, aboriginal resistance, environmental push-back and other problems, it appears that Canada may finally be on the path to having its first major liquefied…
Energy Minister: Saudi Arabia Is Boosting Oil Production
Saudi Arabia will pump 10.7 million bpd of oil in October and will slightly raise this level in November, Saudi Energy Minister Khalid al-Falih said at an energy forum…
A New Era Of LNG Megaprojects
A new era of mega LNG projects could be upon us. Royal Dutch Shell just gave the go-ahead to a massive LNG export project on Canada’s Pacific Coast, a…
Oil Slumps On Major Inventory Build
Crude oil prices fell after the Energy Information Administration reported an 8-million-barrel build in U.S. crude oil inventories for the week to September 28. Although expected by some analysts…
