 |
Louisiana Light • 3 days | 82.73 | -1.03 | -1.23% | ||
|
Bonny Light • 3 days | 84.11 | -0.31 | -0.37% | ||
|
Opec Basket • 3 days | 84.29 | -0.01 | -0.01% | ||
|
Mars US • 192 days | 77.26 | -1.51 | -1.92% | ||
|
Gasoline • 10 mins | 2.510 | +0.010 | +0.41% |
|
Bonny Light • 3 days | 84.11 | -0.31 | -0.37% | ||
|
Girassol • 3 days | 85.07 | -0.23 | -0.27% | ||
|
Opec Basket • 3 days | 84.29 | -0.01 | -0.01% |
|
Peace Sour • 10 hours | 71.46 | -1.00 | -1.38% | ||
|
Light Sour Blend • 10 hours | 74.51 | -1.00 | -1.32% | ||
|
Syncrude Sweet Premium • 10 hours | 81.46 | -1.00 | -1.21% | ||
|
Central Alberta • 10 hours | 71.86 | -1.00 | -1.37% |
|
Eagle Ford • 3 days | 74.74 | -1.00 | -1.32% | ||
|
Oklahoma Sweet • 3 days | 74.75 | -1.00 | -1.32% | ||
|
Kansas Common • 4 days | 69.50 | +0.25 | +0.36% | ||
|
Buena Vista • 4 days | 83.77 | +0.27 | +0.32% |
Carbon-Eating Bacteria May Hold The Key To Decarbonization
A U.S.-based biotechnology firm is…
Large Crude Inventory Build Rocks Oil Prices
Crude oil prices went lower…
Iran Claims to Have Expanded Its Axis of Resistance
Iran is claiming that a…
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Pessimism Sweeps The Oil Markets
Oil has fallen lower this week, with a particularly bearish EIA report combining with geopolitical tensions in the Middle East to push…
U.S. Rig Count Continues Its Ascent Unabated
The number of active oil and gas rigs in the United States rose again this week by 11—making it 21 weeks of consecutive gains—the longest growth streak since at…
Libya’s Largest Oil Field Resumes Production
Libya’s largest oil field, El Sharara, has resumed production after workers had shuttered the 270,000-bpd field on Wednesday, protesting over the lack of medical treatment for a co-worker who…
Countering ISIS: Iraq Aims To Triple Its Refining Capacity
Iraq is planning to triple its refining capacity as the third-largest oil exporter increases crude oil production, Bloomberg reported, based on an interview with an official in the country.
Is $50 Oil Still Realistic?
Oil prices have plunged back to levels not seen since OPEC announced its original production cut deal last November. Prices have been falling since the group extended their cuts for…
The Next Big U.S. Shale Play
Media coverage of the U.S. shale oil and gas industry makes it sound like the Permian is the only place where things are happening. Everybody is buying acreage in the…
Can Trump Solve The Gulf Dispute?
The buddy-buddy vibe of Gulf countries working together in OPEC has served as a band-aid that has covered up friction between the monarchies for the past couple of years, but…
Canada’s Oil Sands Open Up To Chinese Investment
Canada is inviting Chinese companies to invest in its oil sands, Canada’s Natural Resources Minister Jim Carr said on Thursday, after an exodus in the past few months saw…
Unmasking Nigeria’s Oil Cartel
As noted in Part I of this series, the downstream theft of hydrocarbons is a huge industry in Nigeria. As global oil prices rose above $100 a barrel in…
China's Crude Demand Soars As Maintenance Season Comes To An End
Thanks to a 13 percent surge in crude imports (as refiners prepare for maintenance season), China's trade surplus hit its highest since Jan (though -4 percent YoY). Imports (+14.8 percent…
Is The Electric Car Boom Overhyped?
The number of electric vehicles on the road surged to two million last year, according to the International Energy Agency (IEA). Registered plug-in and battery-powered vehicles on roads worldwide rose…
Hydrocarbon King: U.S. Ranks No.1 In 2016
Decreasing production in 2016 not enough to dethrone U.S. oil and gas industry Despite the lowest commodity prices in 13 years, U.S. oil and gas production in 2016 continued to…
Is Russia Running Out Of Patience With OPEC?
Fulfilling its promise to all other signatories of the Vienna deal, Russia has cut its crude production by 300 000 barrels per day. The relative ease with which both the…
Texas Oil And Gas Exports Are Booming
As soon as the export ban on oil - in force since 1973 - was lifted in America, producers started making global expansion plans. Oil was depressingly cheap, production was…
JP Morgan Slashes Its 2018 Oil Price Forecast By $11
The U.S. shale-vs-OPEC-cuts tale has been the predominant theme in oil markets this year, and like the cartel’s output cut, it will be rolling over into next year as well.…
How Oil Tech Saved This Permian Town
While the oil price crash was forcing shale drillers to idle rigs, lay off workers, or go bust, some big producers continued to pump oil from conventional fields in the…
Libya’s Largest Oil Field Shuttered By Protests After Oil Worker Dies
A new workers’ protest in Libya has shut down the country’s largest oilfield, creating yet another hurdle for a war-torn country as it struggles to rebuild its oil output. The…
The World’s Third Largest Oil Consumer Aims To Drastically Reduce Imports
India, the world’s third largest oil consumer, imports about 82 percent of its crude oil requirements, and meets just 18 percent of its demand through local sources. The Indian Government…
U.S. Oil To Break Production Record In 2018
7.2 percent production growth coming in 2018: EIA The U.S. will break a 47-year record next year, according to the EIA, as shale production continues to recover from the global…
Oil Prices Collapse As The EIA Reports Unexpected Inventory Build
The Energy Information Administration poured ice cold water on the budding hope that inventory levels in the world’s largest oil consumer may be normalizing, by reporting a 3.3-million-barrel…
