 |
Louisiana Light • 2 days | 87.12 | +0.63 | +0.73% | ||
|
Bonny Light • 2 days | 88.40 | -0.92 | -1.03% | ||
|
Opec Basket • 2 days | 88.39 | -0.06 | -0.07% | ||
|
Mars US • 175 days | 77.26 | -1.51 | -1.92% | ||
|
Gasoline • 11 mins | 2.759 | +0.001 | +0.04% |
|
Bonny Light • 2 days | 88.40 | -0.92 | -1.03% | ||
|
Girassol • 2 days | 89.03 | -0.87 | -0.97% | ||
|
Opec Basket • 2 days | 88.39 | -0.06 | -0.07% |
|
Peace Sour • 14 hours | 76.77 | +0.76 | +1.00% | ||
|
Light Sour Blend • 14 hours | 79.82 | +0.76 | +0.96% | ||
|
Syncrude Sweet Premium • 14 hours | 86.77 | +0.76 | +0.88% | ||
|
Central Alberta • 14 hours | 77.17 | +0.76 | +0.99% |
|
Eagle Ford • 2 days | 80.05 | +0.76 | +0.96% | ||
|
Oklahoma Sweet • 2 days | 80.00 | +0.75 | +0.95% | ||
|
Kansas Common • 2 days | 73.75 | +0.75 | +1.03% | ||
|
Buena Vista • 3 days | 87.23 | -0.55 | -0.63% |
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Big Oil’s Carbon Capture Conundrum
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Energy
This Oil Giant Just Landed India’s Largest Foreign Investment Deal Ever
I wrote late last year about an unusual trend emerging in oil and gas M&A. Namely, a wave of outgoing global investment from E&P firms in Russia. And news…
Deloitte: Oil Firms Face Increasingly Sophisticated Cyber Attacks
Contrary to popular belief that the oil and gas industry is not among the top targets of hackers, energy was the second-most prone industry to cyber-attacks last year, with almost…
OPEC Not In A Hurry To Cut Deeper
OPEC may be mulling over deeper oil production cuts, but they won’t be rushing to make that decision, even though a panel monitoring the cuts will be meeting next month,…
Have Hedge Funds Set Oil Markets Up For A Rebound?
Hedge funds and other major investors have soured on oil prices, and the pessimistic turn has corresponded with the deep selloff in recent weeks. Since the beginning of June, the…
Middle East At Point Of No Return As Saudi-Qatar Rift Deepens
Saudi King Salman’s decision to appoint his son Mohammed Bin Salman (MBS) as the new crown prince did not come as a surprise. For months, the power struggle between former…
Kurdistan Targets Saudi Market Share In The U.S.
Kurdish oil is headed for the United States this week, further buttressing the semiautonomous region’s economic independence as Erbil prepares for a referendum on political independence later this year. An…
The Eagle Ford Rebound Needs $48 Oil
The oil price crash that started in 2014 has affected not only corporate profits and drilling plans. It has had a huge economic impact on the areas around the U.S.…
Statoil Economist Predicts $60 Oil “Relatively Soon”
Oil prices will jump over $60 “relatively soon,” according to Statoil chief economist Eirik Waerness, who spoke to Bloomberg on Monday. According to Waerness, $60 barrel is unlikely to…
Gloomy Outlook Sees Hedge Funds Turns Bearish On Oil
Hedge funds slashed their bets on the three main long oil futures contracts by 109 million barrels in the week that ended on June 20th, according to a new report…
Oil Prices Inch Higher As Saudi Crude Oil Loadings Drop
We discussed back in early May how Saudi Arabian crude export loadings in April had dropped materially. Given the journey time to US shores (hark, seven-ish weeks), the expectation was…
Iran’s Largest Oil Terminal Boosts Capacity To 8 Million Bpd
The Kharg oil terminal in Iran has increased its crude oil loading capacity to 8 million barrels per day (bdp), three times the current Iranian crude and condensate exports,…
Oil Industry To Waste Trillions As Peak Demand Looms
ExxonMobil and its peers risk blowing $2.3 trillion on oil projects that will not be needed if the world hits peak demand in the next decade. A new report…
Goldman Sachs: Oil Crash Unlikely To Continue
The current selloff in energy stocks is but an opportunity for buyers, according to a Thursday note from Goldman Sachs’ European energy team, who added that current prices are…
Crisis-Stricken Venezuela Looks To Import Fuel
Venezuela is seeking more than 13 million barrels of fuel imports by the end of the year, which constitutes about a third of what the South American nation needs annually.…
The World Is Millions Of Barrels Away From Peak Oil
The notion that demand for crude oil will soon peak has largely replaced the idea from a decade ago that crude oil production was about to peak for geological reasons.…
What Is The Most Likely Outcome Of The Qatar Crisis?
Just a fortnight after President Trump’s visit to the Middle-East, many members of the GCC as well as Egypt, severed diplomatic, economic and security relations with Qatar. Saudi Arabia, Egypt,…
Russian Cyber Strength Pushes EU Into The Modern Era
On June 14, during the first international Global Cybersecurity Summit, in Kyiv, the secretary of the Ukrainian National Security and Defense Council, Oleksandr Turchynov, stated that “Ukraine has become a…
U.S. E&P’s See Reserves Drop As Oil Sands Struggle
Independent E&P companies saw liquids reserves decline again in 2016, as lower prices continued to squeeze producers. Oil prices in early 2016 dropped to the lowest levels in more than…
The Hidden Motives Of The Chinese Silk Road
China’s Belt and Road Forum, hosted with great fanfare, signals the priority of this flagship connectivity initiative while also underlining its credentials as the new “shaper” of global trends and…
Oil Prices To Stay Low If Global Credit Impulse Turns Negative
For some time I have explored the relations in developments for total debt [private and public], interest rates, Gross Domestic Product (GDP) energy consumption and thus also the oil price.…
