 |
Louisiana Light • 2 days | 87.12 | +0.63 | +0.73% | ||
|
Bonny Light • 1 day | 90.15 | +1.75 | +1.98% | ||
|
Opec Basket • 2 days | 88.39 | -0.06 | -0.07% | ||
|
Mars US • 176 days | 77.26 | -1.51 | -1.92% | ||
|
Gasoline • 13 hours | 2.765 | +0.006 | +0.23% |
|
Bonny Light • 1 day | 90.15 | +1.75 | +1.98% | ||
|
Girassol • 1 day | 90.85 | +1.82 | +2.04% | ||
|
Opec Basket • 2 days | 88.39 | -0.06 | -0.07% |
|
Peace Sour • 1 day | 76.77 | +0.76 | +1.00% | ||
|
Light Sour Blend • 1 day | 79.82 | +0.76 | +0.96% | ||
|
Syncrude Sweet Premium • 1 day | 86.77 | +0.76 | +0.88% | ||
|
Central Alberta • 1 day | 77.17 | +0.76 | +0.99% |
|
Eagle Ford • 2 days | 80.05 | +0.76 | +0.96% | ||
|
Oklahoma Sweet • 2 days | 80.00 | +0.75 | +0.95% | ||
|
Kansas Common • 2 days | 73.75 | +0.75 | +1.03% | ||
|
Buena Vista • 3 days | 87.23 | -0.55 | -0.63% |
Breaking News:
How Iraq Continues To Trick Washington
The U.S. government has multiple…
Institutional Investors Double Down On Oil Despite Divestment Pledges
A new study reveals that…
Explaining the Israel and Iran Missile Exchange
In response to Iran's attack…
Energy
Higher Oil Prices Might Not Destroy Demand Growth
The recent jump in oil prices to $80 per barrel raised a lot of questions about whether or not the heady demand growth projections for this year would hold up.…
Iranian Oil Production Could Be About To Plunge
The European Union has vowed to maintain the Iran nuclear deal despite the U.S. decision to exit, and Brussels has pushed back against Washington’s attempts to penalize European companies from…
Venezuela Seeks OPEC Support Against U.S. Sanctions
Cash-strapped Venezuela is pleading with OPEC for solidarity against U.S. sanctions, a week after Iran also asked its fellow cartel members for support against the returning U.S. sanctions on Tehran.…
Microsoft Launches Second Subsea Data Center
Microsoft said yesterday it had submerged a second experimental data center off the coast of Scotland, as part of its Natick project that studies less energy-intensive data centers. While…
Why LNG Prices Are Poised To Soar
Global liquefied natural gas (LNG) markets in Asia are convulsing, undergoing yet another fundamental shift amid increased demand for the super-cooled fuel. Last week, spot prices for LNG in Asia,…
China Deals Shocking Blow To Solar Industry
Market researchers are in a rush to lower their solar capacity addition forecasts for this year after China surprised everyone by announcing it will not issue approvals for any new…
Hiring Frenzy Spurs Wage War In The Permian
The Permian basin is on fire, and the current boom cycle in its oil industry is posing an interesting challenge that area in Texas: Right now, that challenge is a…
Venezuela’s Oil Meltdown Defies Belief
Venezuela might have to declare force majeure on its oil exports as production plunges and its ports are unable to ship enough crude. The ongoing meltdown in Venezuela’s oil sector…
The Permian Has A Natural Gas Problem
Analysts continue to focus on the surging oil production in the Permian and looming takeaway capacity bottlenecks that could slow down the oil growth in the biggest U.S. shale play.…
Anti-Qatar Threats Could Jeopardize OPEC Meeting
The OPEC meeting on June 22nd could become a major showdown of internal conflicts. The media has been focusing on the possible split between the Arab producers and Iran, and…
Trump’s Tariffs On EU Are Great News For Russia
The trade relations between the U.S. and the European Union took a turn for the worse last week, after U.S. President Donald Trump imposed steel and aluminum tariffs on…
Oil Industry Expects Wave Of M&A Deals
The oil industry expects more mergers and acquisitions in the 12 months ahead, which is a marked difference from just a year ago when everyone in oil was extra cautious…
Goldman: OPEC Must Raise Production
While many market participants view the recent talk of OPEC potentially raising oil production by as much as 1 million bpd as a bearish factor for oil prices, Goldman Sachs…
Elon Musk Survives Attempted Coup
Tesla chief Elon Musk just survived the first serious attempt by major investors to cut back his power in the company. Several shareholder funds had been demanding that three…
China’s Growing Debt Could Be Bearish For Oil Prices
Much has been made over China bypassing the U.S. recently to become the world’s largest crude oil importer and even more media attention has been given to the ongoing…
Oil Prices Slip As Inventories Increase Across The Board
A day after American Petroleum Institute estimated a solid build in gasoline inventories that pressured West Texas Intermediate, the Energy Information Administration added to the bearish mood by reporting…
PDVSA Could Declare Force Majeure On Oil Exports
Venezuela’s state oil company may be forced to announce a force majeure on crude oil exports if clients awaiting delivery continue to refuse to accept new contract terms the company…
Will Saudi Arabia Listen To U.S. Demands For More Oil?
The Trump administration has sent a request to Saudi Arabia for it and the rest of OPEC to boost oil production by 1 million barrels per day (mb/d), according to…
New Technology Could Wipe Out Trillions In Fossil Fuel Investment
We are living in a carbon bubble with trillions of dollars held in oil, gas, and coal assets that would be wiped out before long as technological advancements in all…
Trump’s Bizarre Bid To Bailout Coal And Nuclear
The Trump administration is pulling out all the stops to give a leg up to coal and nuclear, moving to take unprecedented action to intervene in the U.S. electricity markets…
