 |
Louisiana Light • 2 days | 86.49 | -0.63 | -0.72% | ||
|
Bonny Light • 1 day | 88.40 | -0.92 | -1.03% | ||
|
Opec Basket • 2 days | 88.45 | +1.94 | +2.24% | ||
|
Mars US • 175 days | 77.26 | -1.51 | -1.92% | ||
|
Gasoline • 10 mins | 2.773 | +0.014 | +0.52% |
|
Bonny Light • 1 day | 88.40 | -0.92 | -1.03% | ||
|
Girassol • 1 day | 89.03 | -0.87 | -0.97% | ||
|
Opec Basket • 2 days | 88.45 | +1.94 | +2.24% |
|
Peace Sour • 7 hours | 76.77 | +0.76 | +1.00% | ||
|
Light Sour Blend • 7 hours | 79.82 | +0.76 | +0.96% | ||
|
Syncrude Sweet Premium • 7 hours | 86.77 | +0.76 | +0.88% | ||
|
Central Alberta • 7 hours | 77.17 | +0.76 | +0.99% |
|
Eagle Ford • 2 days | 79.29 | -0.04 | -0.05% | ||
|
Oklahoma Sweet • 2 days | 79.25 | -0.50 | -0.63% | ||
|
Kansas Common • 1 day | 73.75 | +0.75 | +1.03% | ||
|
Buena Vista • 2 days | 87.23 | -0.55 | -0.63% |
Coal Continues to Thrive Despite Pledges for Clean Energy
Despite global commitments to clean…
Standard Chartered: Global Oil Demand Will Pick Up Strongly In May And June
Despite some crude inventory builds…
Rising Middle East Risk Sparks Fear of $100 Oil
In case of further escalation,…
Energy
OPEC’s Latest Report Signals An Oil Price Rally
Today’s OPEC report is a clear sign of a sustainable bear market, with the cartel’s oil production falling slightly in August, while its demand forecast for 2017-2018 rose. OPEC produced…
The $10 Trillion Resource North Korea Can't Tap
North Korea may not have proved petroleum reserves, but it’s estimated that the secluded belligerent nation sits on reserves of more than 200 minerals—including rare earth minerals—worth an estimated…
Is Russia Pushing Saudi Arabia Out Of Asia?
Chinese industrial conglomerate CEFC has agreed to buy 14.16 percent in Russia’s Rosneft for approximately US$9 billion. The deal was no surprise as it came on the heels of…
OPEC’s Output Drop: Saudis Overcompensate While Compliance Slides
Confirming Monday leaks that OPEC production had dipped last month, the just released OPEC report for the month of September confirmed that OPEC produced 32.755mmb/d (according to secondary source data), a…
OPEC Unfazed By Falling U.S. Oil Demand
Despite the turbulence in the oil markets due to the previous weeks’ hurricanes, OPEC’s latest report has painted a reassuring picture, indicating that the rebalancing of the oil market may…
Oil Prices Rise As OPEC Oil Production Declines In August
OPEC’s crude oil production declined in August thanks to Saudi Arabia cutting more from its production, a person familiar with the figures told Bloomberg, adding the information came from…
Unknown Oil & Gas Deal Just Changed The Global Energy Balance
One of the biggest energy stories this year has been Russia’s Rosneft buying India’s Essar Oil — giving the Russian company a firm grip on one of the world’s biggest
How OPEC Was Hurt By The Hurricanes
Hurricane Irma was downgraded to a tropical storm early Monday, although it is still bringing floods and damage to much of Florida as it makes its way north, leaving…
Middle-East Tensions Soar After Critical Phone Call
One phone call can change a geopolitical landscape. The last bilateral contact between the Emir of Qatar Tamim Bin Hamad and Saudi Crown Prince Mohammed Bin Salman last Friday is…
Aramco Valuation Comes Under Scrutiny
Saudi Crown Prince Mohammed bin Salman says Saudi Aramco should be valued at $2 trillion for its initial public offering, but its true value will only be known when the…
97-Year-Old Law May Be The Cause Of Higher Gas Prices
It's become typical for gas prices to spike before and after major hurricane landfalls. The national average gasoline price jumped more than 30 cents per-gallon in the week following Hurricane…
Should OPEC Extend The Production Cut Deal?
Saudi Arabia’s Energy Minister Khalid al-Falih has discussed with his Venezuelan and Kazakhs counterparts the option of extending the crude oil production cut deal beyond the March 31, 2018 deadline,…
Goldman: Harvey, Irma Cause 900,000 Bpd Drop In Demand
In the wake of the hurricanes Harvey and Irma, oil demand is expected to drop by some 900,000 bpd this month, Goldman Sachs said on Monday. “Irma will…
Russia’s Rosneft Expects $40 Oil In 2018
Russia’s largest oil producer, Rosneft, expects oil prices to average between $40 and $43 per barrel next year, and is preparing for such prices, Rosneft’s CEO Igor Sechin told TV…
Can WTI Break Out Of The High $40s?
The most likely case is that WTI will remain stuck in the upper $40 to lower $50 range through December 2017. Comparative inventories have fallen dramatically since mid-February yet oil…
Refiners Boost Output, But Irma Could Dent Demand
Texas continues to recover from Hurricane Harvey, and many of the disrupted refineries are ramping up production once again. But the ripple effects from the outages are still being felt,…
The U.S. Oil Patch Has A Serious Cybersecurity Problem
Cybersecurity firm Symantec reports that dedicated hackers have been able to control operational software at American and European oil and gas companies, according to a new report by CNBC.…
Russia’s Big Bet On Kurdish Oil
In June 2017, Kurdistan Regional Government (KRG) and Russian energy behemoth Rosneft signed several cooperation, investment and production sharing agreements regarding hydrocarbon exploration, production, infrastructure, logistics and trading. Rosneft also…
Hurricane Season Weighs On Gulf Of Mexico Production
Production Production for June by BOEM was 1631 kbpd and by EIA 1636, compared with 1673 and 1659 kbpd, respectively, in May. The decline was mostly from Thunder Horse going…
Oil Is Unlikely To Return To $80
Economists have given us a model of how prices and quantities of goods are supposed to interact. (Click to enlarge) Figure 1. From Wikipedia:…
