 |
Louisiana Light • 3 days | 84.39 | +0.14 | +0.17% | ||
|
Bonny Light • 2 days | 84.45 | -0.41 | -0.48% | ||
|
Opec Basket • 3 days | 84.23 | -2.94 | -3.37% | ||
|
Mars US • 183 days | 77.26 | -1.51 | -1.92% | ||
|
Gasoline • 1 day | 2.555 | -0.041 | -1.59% |
|
Bonny Light • 2 days | 84.45 | -0.41 | -0.48% | ||
|
Girassol • 2 days | 85.44 | -0.34 | -0.40% | ||
|
Opec Basket • 3 days | 84.23 | -2.94 | -3.37% |
|
Peace Sour • 2 days | 72.15 | -0.05 | -0.07% | ||
|
Light Sour Blend • 2 days | 75.20 | -0.05 | -0.07% | ||
|
Syncrude Sweet Premium • 2 days | 82.15 | -0.05 | -0.06% | ||
|
Central Alberta • 2 days | 72.55 | -0.05 | -0.07% |
|
Eagle Ford • 3 days | 75.43 | -0.05 | -0.07% | ||
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Oklahoma Sweet • 3 days | 75.50 | +0.00 | +0.00% | ||
|
Kansas Common • 5 days | 72.25 | -0.75 | -1.03% | ||
|
Buena Vista • 6 days | 87.60 | -1.22 | -1.37% |
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Energy
A Storm Is Brewing For U.S. Oil Exports
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Downside Risk Remains In Oil Markets
Oil prices have spiked more than 13 percent in the past ten days, with WTI touching $75 at one point, the highest since the 2014 price crash. The…
Bullish Sentiment Soars As Oil Outages Mount
In this week’s newsletter, we will take a quick look at some of the critical figures and data in the energy markets this week. We will then look at some…
OPEC Won’t Take Additional Action As Oil Prices Rise
OPEC is doing its best to offset supply disruptions around the world, but it has no intention of “overdoing it”, Bloomberg reports, citing the cartel’s president, UAE’s energy minister…
Oil Prices Rise On Supply Outage In Norway
Wage negotiations between two Norwegian oil workers’ trade unions and an employers’ association have fallen through, and hundreds of rig workers are going on strike today, which will immediately disrupt…
U.S. Sanctions Could Add $50 To Oil Prices
The oil industry might not be able to produce enough oil to meet global demand in a few years’ time. To be sure, much of the oil world is focused…
Could U.S. Oil Become Part Of The Brent Benchmark?
Rising U.S. crude oil exports are upending global oil trade and oil flows to various regions in the world, snatching up market share in Asia and Europe from the traditional…
Iran Sanctions Are Different This Time
The Trump administration is trying to replicate the Obama-era strategy of shutting in Iranian oil exports as a way to pressure the regime into making a series of concessions. But…
Why Natural Gas Hasn’t Dethroned Gasoline
In some parts of the world, such as the Balkans, gasoline cars retrofitted with natural gas tanks are a common sight on roads. In others, such the United States, such…
Chinese Refiner Stops U.S. Oil Imports, Turns To Iranian Crude
An independent Chinese refiner has suspended crude oil purchases from the United States and has now turned to Iran as one of its sources of crude, media reports, citing…
Russia’s Finance Ministry Warns Of Another Price Collapse
If prices remain at their current level, another collapse could be around the corner, the Russian Finance Ministry has warned in a report, cited by Sputnik. According to the…
The Critical Chokepoint That Could Send Oil To $250
Crude oil prices could jump as high as US$250 a barrel if Iran goes through with its threat to close the Strait of Hormuz in response to U.S. pressure on…
Mexico Likely To Keep Making The World’s Biggest Oil Hedge
The Mexican oil hedge, or the Hacienda Hedge, is considered the biggest hedging bet on Wall Street as well as perhaps the most secretive. It has earned Mexico—and a few…
Big Oil’s Next Major Move
Several oil majors, including Royal Dutch Shell and BP, are boosting their share of natural gas output. A Bloomberg report said these two oil companies, by increasing gas production,…
Russian Oil Production Soars To 11.193 Million Bpd
In line with its agreement with OPEC to reverse part of the cuts, Russia is boosting its crude oil production, pumping as much as 11.193 million bpd in the first…
Thermal Coal Prices Are Soaring
Benchmark seaborne thermal coal prices jumped to $120.10 per tonne on Thursday, its highest level since November 2012, thanks to tight supply in key Asian export regions. Measured from lows…
Brent Falls Back On Saudi Supply Surge
Oil prices fell slightly Friday morning after an EIA report highlighting an unexpected build in crude inventories, with a Saudi supply surge adding further downward pressure on the crude market.
U.S. Oil Rig Count Inches Higher As WTI Pops
Baker Hughes reported an increase in the number of active oil rigs in the United States today. The overall rig count increased by 5 rigs, according to the report,…
Oil Traders Should Ignore Trump’s OPEC Tweets
It’s strange being an oil and energy stock trader these days. Of course, the policies coming from Washington always had an impact on where oil prices were headed, but it’s…
Is This Energy Stock About To Pop?
As oil has recovered from its epic fall from above $100 to below $30 in 2014/15, many oil related stocks have also regained lost ground. The recovery in stocks, however…
