 |
Louisiana Light • 2 days | 86.60 | -0.08 | -0.09% | ||
|
Bonny Light • 23 hours | 88.69 | -0.04 | -0.05% | ||
|
Opec Basket • 2 days | 87.35 | -2.29 | -2.55% | ||
|
Mars US • 168 days | 77.67 | -1.57 | -1.98% | ||
|
Gasoline • 7 hours | 2.710 | -0.003 | -0.13% |
|
Bonny Light • 23 hours | 88.69 | -0.04 | -0.05% | ||
|
Girassol • 23 hours | 89.20 | -0.10 | -0.11% | ||
|
Opec Basket • 2 days | 87.35 | -2.29 | -2.55% |
|
Peace Sour • 15 hours | 75.30 | -0.05 | -0.07% | ||
|
Light Sour Blend • 15 hours | 78.35 | -0.05 | -0.06% | ||
|
Syncrude Sweet Premium • 15 hours | 85.30 | -0.05 | -0.06% | ||
|
Central Alberta • 15 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% |
China Raises Gasoline and Diesel Prices amid Soaring Crude Oil Prices
China is raising from Wednesday…
Traders Became More Bullish on Oil As Middle East Risk Surged
The crude oil net long…
Air-Stable Ruthenium Catalyst to Revolutionize Industrial Chemistry
Researchers at The University of…
Energy
Should Trump Set A Floor Under Oil Prices?
I had an interesting email inquiry from a reader over the weekend. I don't know if he'd want to be identified by his full name, so let's just refer to…
Are Strong U.S. Crude Inventory Draws Sustainable?
The decline in U.S. comparative inventories since February is the most significant oil market development since prices collapsed three years ago. It means that U.S. demand has exceeded supply for…
Venezuela Rebellion Could Send Oil To $80
Venezuela’s deteriorating crisis is “going to be the biggest geopolitical story to watch in the oil markets," according to Helima Croft of RBC Capital Markets. The economic, political and security…
How U.S. Sanctions Against Russia Could Backfire
The U.S. Congress has passed new sanctions targeting Russia’s energy companies. Among the other notable aspects of the sanctions is that they take some authority away from the U.S. president…
How U.S.- Chinese Tensions Could Impact Energy Policy
Tensions between the U.S. and China are escalating, and it could have a negative impact on clean energy policies that the two countries had previously agreed to. Over the past…
Russia May Break Gazprom Monopoly To Stimulate LNG
A Russian Security Council commission has recommended breaking down Gazprom’s gas export monopoly in a bid to boost the competitiveness of Russia’s gas, Russian daily Vedomosti reported after seeing…
Oil Prices Fall As OPEC Output Hits ‘’Year-To-Date High’’
Libya and Nigeria pushed OPEC’s crude oil output in July to the highest this year, at 32.82 million barrels daily, a survey by S&P Platts has revealed. The cartel…
‘Nothing To See Here’ - Frackers Ignore Rising Well Decline Rates
The Permian basin is starting to see decline rates from shale wells accelerate, a trend that could be the result of too much drilling. Shale wells suffer from steep decline…
Iraq Races To Fill The Gap Left By The Saudis
Iraqi oil exports topped 100 million barrels in July, but that’s still lower than the 3.93 million barrels per day rate Baghdad boasted back in May. The latest…
Shale Producers Hedge At Much Lower Prices
Shale oil producers are hedging again – this is the latest message coming from investment banks and analytical firms, according to Bloomberg. After hedging largely died down when WTI…
Is The Shale Rebound Causing A Return Of Flaring?
Underneath the surface of North Dakota is the Bakken Formation, which is part of the Williston Basin that also lies underneath parts of South Dakota, Montana, southwestern Manitoba and southern…
Eni’s Arctic Risk Could Pay Off
Two years ago, Royal Dutch Shell gave up drilling in the Arctic. It came across a dry hole and decided the enormous risks and expense weren’t justified. Someone wasn’t listening.…
Venezuela’s Demise Is A Geopolitical Litmus Test For The U.S.
Is Venezuela’s 2017 transformation symptomatic of the growing global polarization? And does it show how the collapse of globalism is resulting in the re-emergence of a range of governmental forms…
BP Surpasses Profit Expectations, Still Wallowing In Debt
It’s been a complicated and contradictory quarter for oil giant British Petroleum. The struggling corporation has failed to reduce debt in the second quarter, with total profits falling by 5 percent compared…
“Oil God” Andy Hall Shuts Down Main Hedge Fund
Back in December 2014, the start of the worst oil rout since the financial crisis claimed its first victim when 113 year old Phibro, then owned by Occidental Petroleum…
Can New Blood Shake Up Serbia’s Power Industry?
State owned Energy Power Industry of Serbia (EPS - Elektroprivreda Srbije) controls all domestic electricity production. The EPS was established after the disintegration of Yugoslavia and the formation of the…
Erdogan And Putin Expand Military, Economic And Energy Relations
Turkish President Recep Tayyip Erdo?an met with his Russian counterpart, President Vladimir Putin, at the G20 summit, held in Hamburg, Germany, on July 8. Their conversation during the meeting encompassed…
Shale Lemmings Retreat As Price Recovery Stalls
If we could make up one bankable investment rule for oil stocks for the past three years – it would be to note precisely what oil companies are planning for…
Weak Dollar Limits Downside For Crude Oil
Over the last few month, the U.S. dollar index, after gaining ground to record highs immediately following the election, has been in a sustained decline since the end of last…
Venezuela Could Push Oil To $80
Friday August 4, 2016 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…
