 |
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% |
Breaking News:
Stronger Chinese Oil Imports May Send WTI Above $80
Positive demand signals from China…
Oil Prices Remain Rangebound but a Breakout May Be Coming
Oil prices have been rangebound…
Caspian Power Trio Aims to Electrify the European Union
Azerbaijan, Kazakhstan, and Uzbekistan plan…
Energy
English
Español
عربي
Français
中文
日本語
The Fourth Industrial Revolution Is On The Horizon
Just a few short years after economists and social theorists declared that we had entered the Third Industrial Revolution, the next revolution is already on the horizon. Fueled by…
Oil At A Crossroads Ahead Of Crucial OPEC Meeting
August West Texas Intermediate crude oil futures are in a position to close higher for the week as investors prepare for next week’s OPEC meeting in Vienna on June 22-23.…
Azerbaijan’s Pipeline Conundrum
Upwards of a thousand dignitaries – including the presidents of Turkey, Georgia, Azerbaijan, Ukraine, and Serbia – assembled June 12 at a barren site outside the northwestern Turkish city of…
3 Possible Outcomes From The OPEC Meeting
The OPEC meeting is a week away and based on the signals from the group’s top producers, the market is assuming that the group will increase oil production. However, the…
OPEC Back “In the Driver’s Seat”
Oil markets are on edge as OPEC’s June 22 meeting in Vienna quickly approaches. (Click to enlarge) (Click…
Rig Count Falters Amid Oil Price Correction
Baker Hughes reported a dip in the number of active oil and gas rigs in the United States today. Oil and gas rigs decreased by 3 rigs, according to the…
240,000 Bpd Offline Following Clashes In Libya
Continuing clashes between the Libyan National Army and rival militant groups have cut Libya’s oil production by 240,000 bpd, prompting the shutdown of Libya’s two biggest oil ports, Es Sider…
U.S. Shale, OPEC To Discuss Market Balance In Vienna
As everyone watches OPEC and Russia ahead of their meeting in Vienna next week, it’s easy to miss the fact that this is not the only meeting that will set…
The Bullish And Bearish Case For Oil
Oil prices are in a holding pattern as we await the outcome of the OPEC+ meeting in a few days, and while the result of that meeting will almost completely…
Shale Drillers’ $7 Billion Hedging Error
Oil producers are finding themselves in kind of a pickle. While oil prices are indeed on the rise, many producers are unable to take full advantage of this nicety because…
India, China Look To Form ‘Oil Buyers Club’
India and China have discussed creating an ‘oil buyers’ club’ to be able to negotiate better prices with oil exporting countries and will be looking to import…
Petrochemicals: The Future For Big Oil
Plastics and petrochemicals are the future of Big Oil - there is hardly any question about that if by future we mean the distant future. There is still no consensus…
Saudi Arabia: Deal To Gradually Ease Cuts Is ‘Inevitable’
It is “inevitable” that OPEC and partners will agree next week to gradually roll back some of the production cuts that have been in place since January 2017, Saudi Arabia’s…
EV Makers Receive Little Support From Trump
Automakers are looking for states to support electric vehicle sales and charging infrastructure development — regardless of what President Donald Trump and EPA Administrator Scott Pruitt end up deciding to…
Libya’s Es Sider Terminal Shuts Down After Militant Clashes
The Es Sider oil export terminal in Libya was shut down and loadings at another one, Ras Lanuf, were suspended today after clashes between the Libyan national Army and the…
IEA: Oil Prices Could Rise Further As Shale Can’t Fill The Gap
U.S. shale will continue its breakneck growth rate into 2019, despite bottlenecks, but the oil market still faces serious supply risks from the potential losses from Venezuela and Iran, the…
The Decisive Battle For Yemen’s Oil Port
An Arab coalition, led by Saudi Arabia and the UAE, have started their expected military assault on the Yemeni port of Hodeidah. This military operation will most probably decide the…
Europe Is Awash With Oil Stored On Ships
While many analysts and agencies have already called the end of the global oil glut, oil held in floating storage in Europe is at an at least 18-month-high, also due…
China’s Oil Demand Could Take A Big Hit
China’s independent refiners—the so-called teapots—have enjoyed comfortable profit margins since they were allowed to directly import crude oil in 2015. But the good times for the teapots may be over…
Russia To Propose Rolling Back 1.8 Million Bpd Of Oil Cuts
Russia plans to propose to the OPEC/NOPEC allies next week that they reverse the group’s production to the October 2016 levels—the baseline for the cuts of most pact participants when…
