 |
Louisiana Light • 4 days | 83.17 | +0.44 | +0.53% | ||
|
Bonny Light • 3 days | 83.46 | +0.46 | +0.55% | ||
|
Opec Basket • 4 days | 83.30 | +0.35 | +0.42% | ||
|
Mars US • 198 days | 77.26 | -1.51 | -1.92% | ||
|
Gasoline • 2 days | 2.574 | +0.036 | +1.43% |
|
Bonny Light • 3 days | 83.46 | +0.46 | +0.55% | ||
|
Girassol • 3 days | 84.84 | +0.60 | +0.71% | ||
|
Opec Basket • 4 days | 83.30 | +0.35 | +0.42% |
|
Peace Sour • 3 days | 71.94 | +0.58 | +0.81% | ||
|
Light Sour Blend • 3 days | 74.99 | +0.58 | +0.78% | ||
|
Syncrude Sweet Premium • 3 days | 81.94 | +0.58 | +0.71% | ||
|
Central Alberta • 3 days | 72.34 | +0.58 | +0.81% |
|
Eagle Ford • 4 days | 75.71 | +0.60 | +0.80% | ||
|
Oklahoma Sweet • 4 days | 75.75 | +0.75 | +1.00% | ||
|
Kansas Common • 4 days | 69.50 | +0.50 | +0.72% | ||
|
Buena Vista • 5 days | 83.26 | +0.61 | +0.74% |
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OPEC Confident Global Oil Demand Will Stay Strong
An OPEC technical panel has found that global oil demand is on pace to stay strong in the second half of this year, suggesting that the oil market could comfortably…
U.S. Overtakes Saudi Arabia In Recoverable Oil Reserves
The United States has again outstripped Saudi Arabia as the holder of the world’s biggest recoverable oil resources with current technology, largely due to the doubling of fracking operations in…
Tariff Threats And OPEC Rhetoric Push Oil Prices Down
Crude oil continued sliding today on the back of growing tensions between the United States and China and anticipation of a difficult OPEC+ meeting on Friday. At the time of…
Permian Discount Could Rise To $20 Per Barrel
The pipeline constraints in the Permian basin have become a hot topic lately, not least because of the steep discounts that oil producers in West Texas have been forced…
Where Will U.S. Frackers Drill Next?
With WTI oil prices staying above $60 a barrel for several months, U.S. drillers are breaking production records each week, mostly thanks to the Permian in West Texas and…
OPEC’s ‘Modest’ Aims Won’t Be Enough
The OPEC+ meeting is just days away and it seems all but certain that the result will be some sort of increase in production, although the magnitude of the…
The Unlikely Solution To The Battery Bottleneck
Rechargeable lithium-ion batteries have one big problem that researchers are dedicating a lot of time to: their cathodes. Now, a team from the University of Maryland, the Brookhaven National Laboratory,…
Russia, Saudi Arabia Extend Oil Partnership Indefinitely
Russia and Saudi Arabia have agreed to extend their oil partnership indefinitely, with the agreement stipulating that they could move to regulate oil production at any moment, TASS reports, quoting…
LNG Spot Prices In Asia Spike To Four-Year Highs
Asian spot liquefied natural gas (LNG) prices continue their upward trajectory, reaching seasonal highs not seen since mid-2014 when global oil prices were trading over $100 per barrel. This time,…
OPEC Discusses Boosting Production By 300,000 Bpd-600,000 Bpd
OPEC producers are trying to negotiate a compromise deal that could result in the cartel boosting production by between 300,000 bpd and 600,000 bpd over the next few months, Bloomberg…
Iran Looks To Veto Saudi, Russian Oil Production Proposal
In the latest signal that the upcoming OPEC+ meeting in Vienna could end in disaster, Iran’s OPEC representative said the country will veto any proposal for a production increase with…
Should You Try And Grab This Falling Knife?
There is an old traders’ cliché that says that it is dangerous to attempt to catch a falling knife. Like most clichés there is an element of truth to that,…
Can U.S. Shale And OPEC Find Common Ground?
As OPEC’s June 22 summit rapidly approaches, everything hangs in the balance for the organization’s precarious (to say the least) relationship with United States shale CEOs. But suddenly, for the…
Oil Markets On Edge For OPEC Meeting
Friday June 15, 2018 In the latest edition of the Numbers Report, we’ll take a look at some of the most interesting figures put out this week in the energy…
The Fed Is Driving Down Oil Prices
The U.S. dollar has jumped to its strongest level in nearly a year, raising questions about how a strong greenback could act as a drag on debt and oil demand…
Shale Shifts Attention To This ‘Forgotten’ Oil Play
The Permian has been getting most of the headlines on U.S. shale, but there is another play in the vicinity that has been attracting more industry attention than media attention.…
Oil Demand Growth Could Start To Soften Soon
OPEC may tout the production cuts pact as the key driver of oil market rebalancing, but if it weren’t for the strong global oil demand growth of the past three…
Venezuela Forced To Shut Down Production As Operations Fall Apart
Every week the crisis in Venezuela takes a turn for the worse. There are now signs that its oil industry is entering a dangerous new phase. Argus Media reports…
Who Gets Hold Of Russia’s Key Oil Hub?
One of Russia’s most important oil ports, the sunlit Novorossiysk, has become a battleground for the country’ state-owned companies. Located in the ice-free Tsemesskaya Bay, Novorossiysk is used to stormy…
Global Energy Advisory - June 15th 2018
Crude oil prices are back on the seesaw as the market prepares for next week’s OPEC+ meeting in Vienna. Most analysts expect the group to agree to start raising crude…
