 |
Louisiana Light • 3 days | 87.12 | +0.03 | +0.03% | ||
|
Bonny Light • 1 day | 89.32 | +0.45 | +0.51% | ||
|
Opec Basket • 3 days | 86.51 | -1.01 | -1.15% | ||
|
Mars US • 174 days | 77.26 | -1.51 | -1.92% | ||
|
Gasoline • 11 mins | 2.748 | +0.013 | +0.49% |
|
Bonny Light • 1 day | 89.32 | +0.45 | +0.51% | ||
|
Girassol • 1 day | 89.90 | +0.45 | +0.50% | ||
|
Opec Basket • 3 days | 86.51 | -1.01 | -1.15% |
|
Peace Sour • 5 hours | 76.01 | -0.55 | -0.72% | ||
|
Light Sour Blend • 5 hours | 79.06 | -0.55 | -0.69% | ||
|
Syncrude Sweet Premium • 5 hours | 86.01 | -0.55 | -0.64% | ||
|
Central Alberta • 5 hours | 76.41 | -0.55 | -0.71% |
|
Eagle Ford • 3 days | 79.33 | -0.29 | -0.36% | ||
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Oklahoma Sweet • 6 days | 79.75 | +0.50 | +0.63% | ||
|
Kansas Common • 2 days | 73.50 | +0.50 | +0.68% | ||
|
Buena Vista • 3 days | 87.02 | -0.29 | -0.33% |
Geopolitical Tensions Fail to Spark Oil Price Surge
The fluctuating prices in response…
Oil Moves Down on Crude Inventory Build
Crude oil prices moved lower…
Will Namibia Become OPEC’s Newest Member?
Namibia wants to join OPEC…
Energy
Is Arctic Drilling Still Profitable For Norway?
Arctic drilling may become unprofitable for Norway if oil prices continue to fall, says a new report looking into the best and worst scenarios for this new frontier in…
Oil No Longer Decisive Factor In Emerging Market Performance
Oil is increasingly losing relevance in the performance of emerging market assets including, equities—and now, bonds and currencies. What’s more, the technology sector is apparently taking the space freed by…
Will Oil Inventories Continue To Fall Over The Summer?
Crude oil inventories fall 6.3 million barrels; WTI climbs from $45 to $46.50 and back Crude oil inventories decreased by approximately 6.3 million barrels in the week ended June 30.…
The Other Culprits Of The Oil Price Crash
It is no surprise that oil prices continue to fall when you look at the rising tide of oil production around the world.Source: Financial…
Expect Higher Crude Oil Exports To European, Asian Markets
In its appearance at EIA’s annual Energy Conference last week, Wood Mackenzie gave a presentation on crude oil exports, saying that U.S. crude oil exports rose in tandem with U.S.…
Could Qatar’s LNG Gamble Increase Tensions In The Region?
Early this morning (Qatar time), Qatar Petroleum announced it planned to increase production dramatically from its huge North Field in the Persian Gulf. The increase calls for the country’s gas…
The Break-Even Myth Is Suffocating Oil Stocks
Oil prices, as I have said for the last few columns, seem range-bound. But rarely do they remain range-bound for long. As oil’s pessimism begins to gain steam, oil stocks…
Was Last Week's Rig Count A Fluke?
Although there’s been a lot of back and forth about the whether the U.S. “shale boom” has been overblown, this week shows that oil production in the U.S. continues to…
Oil Prices Rebound As Market Gains Momentum
Friday July 7, 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…
The Deciding Factor For Oil Prices Next Week
September Crude Oil Weekly Recap September U.S. West Texas Intermediate crude oil futures are currently in a position to finish lower for the week as investors react to a rise…
Oil Price Rally Unwinds As Markets Doubt OPEC’s Intentions
This week’s oil price rally started to unwind on Friday as a result of rising OPEC exports, increasing U.S. shale output and a rising rig count.
Rig Count Climbs Higher After Last Week’s Intermission
The number of active oil and gas rigs in the United States rose again this week, this time by 12, resuming what was the US shale patch’s impressive run…
Oil Prices Tank As OPEC Exports Surge
Six months after the implementation of the OPEC production cut deal to reduce output by 1.2 million barrels per day, and we should be well on our way towards rebalancing…
Russia Now Ready To Consider More Oil Output Cuts If Needed
Just a day after Russia’s Energy Minister Alexander Novak said that the OPEC/non-OPEC production cut pact was working and that there was no need to make immediate additional moves, an…
Are Hedge Funds Falling Into An Oil Market Bear Trap?
Oil prices have had a bumpy ride over the past month. On June 21, they hit a ten-month low amid concerns over rising supply from the U.S., Libya, and…
Don’t Count On Seasonality To Boost Oil Prices
Seasonality is a concept well understood by the capital markets. Take adages such as “Sell in May and go away,” which reputedly has its origin in the North American mining…
U.S. Shale Gas Booming Despite Global Glut
The United States has led the pack in the shale revolution, profiting more than any other nation. The U.S. enjoys the benefit of having the majority of its wells…
Texas Natural Gas Production Soars In June
(Click to enlarge)Dean Fantazzini has provided me with updates to Texas Oil and Natural Gas estimates, the data shifted about a year ago…
Russian Energy Minister: No Additional Output Cuts Are Needed
While the oil market is increasingly questioning if OPEC/non-OPEC’s production cuts have any effect, Russia’s Energy Minister Alexander Novak weighed in on Thursday, saying that the production cut pact…
‘’U.S. Rig Count Must Drop 150 For Oil Markets To Balance’’
Analysts and investors have been growing increasingly concerned that the OPEC-led production cuts would not be enough to bring the oil market back to balance, and now one investment bank,…
