 |
Louisiana Light • 2 days | 86.60 | -0.08 | -0.09% | ||
|
Bonny Light • 1 day | 88.69 | -0.04 | -0.05% | ||
|
Opec Basket • 2 days | 87.35 | -2.29 | -2.55% | ||
|
Mars US • 169 days | 77.67 | -1.57 | -1.98% | ||
|
Gasoline • 15 hours | 2.710 | -0.003 | -0.13% |
|
Bonny Light • 1 day | 88.69 | -0.04 | -0.05% | ||
|
Girassol • 1 day | 89.20 | -0.10 | -0.11% | ||
|
Opec Basket • 2 days | 87.35 | -2.29 | -2.55% |
|
Peace Sour • 22 hours | 75.30 | -0.05 | -0.07% | ||
|
Light Sour Blend • 22 hours | 78.35 | -0.05 | -0.06% | ||
|
Syncrude Sweet Premium • 22 hours | 85.30 | -0.05 | -0.06% | ||
|
Central Alberta • 22 hours | 75.70 | -0.05 | -0.07% |
|
Eagle Ford • 2 days | 79.21 | +0.04 | +0.05% | ||
|
Oklahoma Sweet • 2 days | 79.25 | +0.00 | +0.00% | ||
|
Kansas Common • 3 days | 73.00 | -2.50 | -3.31% | ||
|
Buena Vista • 3 days | 86.86 | -2.40 | -2.69% |
Oil Ticks Lower on EIA Inventory Report
Crude oil prices moved lower…
Morgan Stanley Hikes Its Summer Oil Price Forecast to $94
Geopolitical tensions and tighter supply…
A Rarely Used Technique Could Double U.S. Grid Capacity
A rarely used technique called…
Energy
OPEC Relentlessly Pursues Higher Oil Prices
Friday December 1, 2017 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…
Global Energy Advisory December 1st 2017
OPEC and its partners in the Vienna Club agreed to extend their oil production cuts to the end of 2018 – a widely expected move despite doubt about Russia’s willingness…
Hedge Funds Hold The Cards For The Next Move In Oil
January West Texas Intermediate crude oil futures are showing a muted response to the news that the OPEC-led group agreed to extend their production cuts in a widely expected move…
Venezuela Is Losing Its Best Oil Buyer
Venezuelan president Nicolas Maduro said this week that PdVSA is willing to retaliate against financial sanctions from the U.S. by suspending oil exports to the country, sending crude to…
OPEC Extension Sends Oil Prices Soaring
Oil markets' initial reaction to yesterday's OPEC news was rather dull, however oil prices saw a sharp spike on Friday morning as the bulls returned to the mix.
Oil Rig Count Rises After OPEC Deal Extension
A day after OPEC extended the already-extended production cut deal to end-2018, oil and gas rigs in the US climbed by 6. The boost to the number of oil…
Goldman: Oil Markets Are Nervous For No Reason
The extension of the OPEC/non-OPEC production cut pact through to the end of 2018, and especially the fact that the cartel and allies included an option to review progress in…
Russia Ups Oil Price Forecast For 2018
Russia’s Economy Ministry will increase its forecast for the price of the country’s Urals oil blend for 2018, following the extension of the OPEC/non-OPEC production cut agreement extension, announced yesterday…
U.S. Shale To Surge After OPEC Extension
Just as expected: OPEC and the group of non-OPEC countries led by Russia extended their production cuts for an additional nine months through the end of 2018. “It’s been…
How Big Oil Is Transforming Shale
Shale drillers have successfully lowered their breakeven price over the past several years, but the industry is looking for more ways to cut costs. The oil majors are investing in…
Visualizing OPEC’s Success
The mood in Vienna this week is considerably more chipper than it was in June. This is because the cartel appears - in the words of Charlie Sheen - to…
BREAKING: OPEC Agrees To 9-Month Extension Of Oil Production Deal
OPEC talks ended in Vienna on Thursday with an agreement to extend the production cut deal through the end of 2018, a delegate told Reuters. According to earlier reports, while…
U.S. Asks China To Cut Off Oil Supply To North Korea
China should cut off North Korea’s access to crude oil following the latest missile launch from Pyongyang, and Washington has asked it to do just that, the U.S. ambassador to…
The UAE Plans The Last Few Decades Of Its Oil Game
Abu Dhabi’s state oil company ADNOC will soon expand its investments to refineries abroad, a new report by Bloomberg indicates, suggesting the emirate is seeking to strengthen ties with…
Oil Majors Are Leading The Recovery Race
In a sign that the oil majors have survived the three-and-a-half-year oil bust and are back on solid ground, Royal Dutch Shell announced that it will restore its full…
Markets React Stoically To Crude Inventory Draw
The Energy Information Administration reported a 3.4-million-barrel draw in crude oil inventories for the week to November 24, countering the American Petroleum Institute’s estimate of a 1.82-million-barrel build…
Why Is The OPEC Deal Suddenly Uncertain?
Investors betting on a smooth outcome at the OPEC meeting are in for a rude surprise, according to Goldman Sachs. The investment bank warned that the oil market could be…
OPEC Has Backed Itself Into A Corner
After months of talk and speculation regarding OPEC’s production cuts, the moment of truth is almost upon us—the cartel and its allies are meeting in Vienna this week to decide…
U.S. Oil Has One Fatal Weakness
U.S. crude oil production is again on the rise, and exports of American crude are smashing records. But most of the U.S. oil production is light tight oil, and American…
All Eyes On OPEC As Meeting Nears
Oil markets are waiting patiently for the outcome of Thursday’s OPEC meeting, and the idea that traders could be disappointed is beginning to gain traction. (Click to…
