 |
Louisiana Light • 4 days | 89.16 | +0.62 | +0.70% | ||
|
Bonny Light • 1 day | 91.29 | -2.25 | -2.41% | ||
|
Opec Basket • 1 day | 89.57 | -1.20 | -1.32% | ||
|
Mars US • 165 days | 77.67 | -1.57 | -1.98% | ||
|
Gasoline • 10 mins | 2.796 | +0.012 | +0.42% |
|
Bonny Light • 1 day | 91.29 | -2.25 | -2.41% | ||
|
Girassol • 1 day | 91.81 | -2.21 | -2.35% | ||
|
Opec Basket • 1 day | 89.57 | -1.20 | -1.32% |
|
Peace Sour • 5 hours | 78.61 | -0.25 | -0.32% | ||
|
Light Sour Blend • 5 hours | 81.66 | -0.25 | -0.31% | ||
|
Syncrude Sweet Premium • 5 hours | 88.61 | -0.25 | -0.28% | ||
|
Central Alberta • 5 hours | 79.01 | -0.25 | -0.32% |
|
Eagle Ford • 1 day | 81.89 | -0.25 | -0.30% | ||
|
Oklahoma Sweet • 1 day | 81.75 | -0.25 | -0.30% | ||
|
Kansas Common • 4 days | 76.00 | -5.50 | -6.75% | ||
|
Buena Vista • 4 days | 89.36 | +0.64 | +0.72% |
Geopolitical Tensions Keep Oil Prices Elevated
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Energy
Egypt: The Next Natural Gas Hotspot
The Eastern Mediterranean is becoming a major source of natural gas production, and Egypt is at the center of this emerging gas hub. In February, Noble Energy and its partners…
Saudi Crown Prince: Oil Markets Are Close To Regaining Stability
The global oil market is close to regaining stability, Saudi Arabia’s Crown Prince Mohammed said at a meeting with President Trump at the White House ahead of bilateral talks…
Oil Prices Up As EIA Confirms Crude Draw
The Energy Information Administration reported an decline in crude oil inventories of 2.6 million barrels for the week to March 16, pushing up prices in concert with rising Middle…
OPEC Might Move Goalposts On Output Cut Deal
Delegates from OPEC and its non-OPEC allies discussed this week potentially changing the metric they use to measure the success of the production cut pact, with most proposals shifting the…
Will China’s New Oil Futures Flop?
This week will see a historic event: on March 26, trading will begin in yuan-denominated crude oil futures contracts on the Shanghai International Energy Exchange. The futures launch is historic…
What The Saudi-Russian Alliance Means For Oil Markets
For the last three or four decades it would be very hard to imagine any sort of deep cooperation between Saudi Arabia and Russia. The two share a history fraught…
Big Oil’s Trillion Dollar Data Battle
The faster oil services firms and oil exploration companies adopt digitalization, the more data they generate with every well they drill and every digital map of oil resources they create—but…
Germany’s Pivot From Russian Gas Will Be Costly
More problems are mounting for Russia’s oil and gas sector. This time it’s coming from Germany, which until recently usually gave Russia’s energy sector more leeway than the U.S. or…
Oil Prices Tear Higher On Middle East Tensions
Oil prices rose on Tuesday ahead of the API data report, fueled by Middle East tensions and dwindling crude output in Venezuela. (Click to enlarge)
Trafigura Leads The U.S. Oil Export Boom
One of the world’s biggest commodity traders, Trafigura, was the largest exporter of U.S. crude oil and condensate over the past year, its CEO Jeremy Weir said on Tuesday.…
Legal Risks Jeopardize World's Largest IPO
Legal risks and rising oil prices have prompted Saudi Arabia to scale back the IPO plan for its oil giant Aramco, whose shares will be floated only on the Saudi…
U.S., Europe And Africa Boost Oil Exports To Asia
At the good ship Clipper, we like to look at flows from two perspectives: sinks and sources. The sources are the main origins of the flows: The key exporting regions…
China’s Gas Storage Capacity Can’t Keep Up With Demand Growth
China’s natural gas storage capacity currently equals just 3.3 percent of the country’s demand for the commodity. This needs to change—and fast—if China is to succeed in its shift away…
Natural Gas Is Under Attack
Natural gas has been billed as the key “bridge fuel” that will help the energy transition, replacing coal while buying time for renewable energy to scale up. However, even as…
American Investors Aren't Interested In Aramco
For more than a year, Saudi Arabia has claimed that its oil giant Aramco is worth around US$2 trillion, and that its initial public offering will be held in the…
The World’s Next Oil Hotspot
Crude oil could turn Ghana into one of the fastest-growing economies in the world. This seems to be the message coming from analysts as the West African country is set…
OPEC Doubles Down On Draining Oil Inventories
Although the oil market has been improving, OPEC still has work to do to bring global oil inventories back to their five-year average—the metric that OPEC has vowed to…
Russia Struggles As Sanctions Choke Energy Sector
In the ever-turning world of oil, natural gas and geopolitics, it seems that Russia keeps coming up short – in spite of being the world’s leading oil producer and Europe’s…
The Oil Major That Won’t Leave Iran
Total will seek a waiver if the United States goes through with President Trump’s threat to reimpose sanctions against Iran, CEO Patrick Pouyanne said. “If the U.S. decides to put…
Russia Will Stick To The OPEC Deal
Russia will continue to comply with the OPEC oil production cut deal until the deadline set in the extension agreement last November and even into 2019 if need be, Russia’s…
