 |
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 • 23 hours | 75.30 | -0.05 | -0.07% | ||
|
Light Sour Blend • 23 hours | 78.35 | -0.05 | -0.06% | ||
|
Syncrude Sweet Premium • 23 hours | 85.30 | -0.05 | -0.06% | ||
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Central Alberta • 23 hours | 75.70 | -0.05 | -0.07% |
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Eagle Ford • 2 days | 79.21 | +0.04 | +0.05% | ||
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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% |
Tesla to Lay Off Over 10% of Global Workforce
Tesla is laying off over…
The EU Allows Members to Ban Russian LNG as Imports Climb
The European Parliament approved rules…
Oil Prices Erase Gains as Iran Downplays Reports of Israeli Missile Attack
Oil prices surged early on…
Energy
Analysts See OPEC Compliance Erode In H2 2017
OPEC’s compliance with the output cuts will continue to slip in the second half this year, despite recent rhetoric reiterating the cartel members’ commitment to stick to the production quotas,…
Will Oil Demand Growth Be Enough To Tackle Inventories?
Two articles in the Financial Times this week give polar opposite views on the direction for oil prices next year. The first is a report on bets taken by the highly…
Libya Boosts Oil Output At Biggest Field
Libya is returning with more barrels to the market after its biggest oil field started raising production and an export terminal re-opened for tanker loading. Crude oil output at…
Oil Prices Rise On Hefty Crude Inventory Draw
Another week, another draw – this seems to be the refrain this driving season, with the API and the EIA in sync with their weekly figures most of the time.…
IEA: OPEC Must Extend Cuts To Balance Oil Markets
U.S. shale is poised to outlast OPEC. It has long been the suspicion of many oil market analysts that the U.S. shale industry was likely too nimble for OPEC to…
Can Oil Sanctions Cripple North Korea’s Army?
In response to Pyongyang’s latest nuclear missile tests, the world is stepping up sanctions on North Korea with bans on its mining, manufacturing, and seafood exports. The latest round of…
U.S. Sanctions On Venezuela Could Boost Gasoline Prices
For over five months, hundreds of thousands of Venezuelans have taken to the streets of the country to protest against the dictatorial Venezuelan regime. Since the protests started, more than
The Oil Price Tug Of War
Oil prices remain in a game of tug of war as conflicting news sends both the bears and the bulls to the sidelines. (Click to…
Foreign Oil Eyes 44 Billion Barrels In Cuba
One of the few foreign energy companies with a presence in Cuba is now seeking funding for a 2018 exploration drilling campaign for Block 9, which is expected to hold…
Strong Crude Inventory Draws Keep Markets On Edge
After trying to grab ahold of the fifty dollar handle, WTI has lost its grip and is sliding lower in the forty dollardom once more. Even though U.S. inventories look…
These Major Oil Buyers Are Quietly Prepping For A Supply Shock
Continuing major changes in global oil flows this week. With big consumers like Indian Oil Corp and South Korean refiner SK Innovation making their first-ever purchases of U.S. crude exports. And…
Oil Prices Fall To 3-Week Lows On Flurry Of Bearish News
Oil prices continued to fall on Tuesday morning, following a sell-off on Monday triggered by a stronger U.S. dollar, concerns over growing supply from non-OPEC producers, and signs of potential…
Supply Risks Could Push Oil Prices Higher This Week
Oil lost ground in the last few days on slipping OPEC compliance rates and fears of persistent oversupply. But the tightening of the oil market is still proceeding, and there…
Can The Permian Push Prices Down To $40?
Two analyst firms have revised upwards their production growth forecasts for the Permian, expecting oil output there to be 300,000 bpd higher by the end of this year. The…
Oil Tycoon Pushes For Venezuela Sanctions
The U.S. has stepped up sanctions against Venezuelan individuals in the wake of the July vote in Venezuela aimed at rewriting the constitution, which is further eroding democracy in the…
U.S. Gasoline Demand At All-Time High
Given all the media hype about peak oil demand — which is supposed to come about largely as a result of the explosive growth of electric vehicles (EVs) — you…
China Ups Pressure On North Korea With Ban On Coal Imports
China's Ministry of Commerce said that Beijing will halt imports of coal, iron, iron ore and seafood from North Korea starting on Tuesday, cutting an important economic lifeline for the…
Oil Prices Slip As Chinese Crude Demand Loses Momentum
Slowly but surely, what we have claimed for the past year - that it is the demand side of the oil equation, not the supply, and especially the "Chinese wildcard" that…
Oil Prices Inch Higher As Libya Closes Crude Export Terminal
The Zueitina oil terminal in Libya has ceased loading cargos as port workers protest, demanding better working conditions, Bloomberg quoted the head of the workers’ union Merhi Abridan as…
Higher Oil Prices Slash Saudi Deficit
The Saudi Finance Minister has announced an annual decline in the budget deficit for the first half of the year thanks to higher oil prices in the period. At…
