 |
Louisiana Light • 2 days | 84.39 | +0.14 | +0.17% | ||
|
Bonny Light • 23 hours | 84.45 | -0.41 | -0.48% | ||
|
Opec Basket • 2 days | 84.23 | -2.94 | -3.37% | ||
|
Mars US • 182 days | 77.26 | -1.51 | -1.92% | ||
|
Gasoline • 7 hours | 2.555 | -0.041 | -1.59% |
|
Bonny Light • 23 hours | 84.45 | -0.41 | -0.48% | ||
|
Girassol • 23 hours | 85.44 | -0.34 | -0.40% | ||
|
Opec Basket • 2 days | 84.23 | -2.94 | -3.37% |
|
Peace Sour • 22 hours | 72.15 | -0.05 | -0.07% | ||
|
Light Sour Blend • 22 hours | 75.20 | -0.05 | -0.07% | ||
|
Syncrude Sweet Premium • 22 hours | 82.15 | -0.05 | -0.06% | ||
|
Central Alberta • 22 hours | 72.55 | -0.05 | -0.07% |
|
Eagle Ford • 2 days | 75.43 | -0.05 | -0.07% | ||
|
Oklahoma Sweet • 2 days | 75.50 | +0.00 | +0.00% | ||
|
Kansas Common • 4 days | 72.25 | -0.75 | -1.03% | ||
|
Buena Vista • 5 days | 87.60 | -1.22 | -1.37% |
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Energy
Vienna Was A Bust: What’s Next For OPEC?
At its conference in Vienna, OPEC announced a nine-month extension of its November 2016 deal to cut production. Markets were singularly unimpressed with the decision, which had been baked into…
Is China Liberalizing Its Oil And Gas Industry At The Right Time?
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Does OPEC Have An Exit Strategy?
Oil bulls were unhappy with yesterday's OPEC announcement, which disappointed by adding nothing to the 9 month supply cut extension announcement which had already been leaked and largely priced in…
The Top 10 Nations Exporting Oil To The U.S.
U.S. has brought crude oil from 80 nations into its refineries In the past 30 years, the U.S. has imported more than 91 billion barrels of oil, drawing from a…
The Big Data Revolution In Oil Is Accelerating
It was about time big data entered the lives of Big Oil. Yet it’s not happening exactly as expected. Oil companies are not making a mad dash to collect and…
Texas Shows No Sign Of Slowing Production Growth
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Uzbekistan To Increase Its Refining Capacity By 50%
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It’s Not Over For OPEC Just Yet
OPEC extended production cuts that were originally agreed in December 2016 for another 9 months, delivering both OPEC members and Russian discipline that will last well into the Spring…
The Reaction To The OPEC Deal Extension Is Logical, But Flawed
Those new to financial markets, and energy trading in particular, were probably somewhat puzzled by the price action in oil futures this week following the announcement by OPEC and some…
The OPEC Elixir Wasn’t Potent Enough
Friday May 26, 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…
Expect Choppy Oil Markets As Markets Digest OPEC’s Decision
July Natural Gas Weekly Recap Natural gas prices continued this week’s price slide on Thursday after U.S. government data showed that natural gas supplies in storage rose more than expected…
Goldman: OPEC Needs To Do More To Restrain Shale Oil
Goldman Sachs analysts have warned that OPEC’s job is not over with the announcement of an extension to its November agreement. Now the group needs to convince markets…
Naive Hedge Funds Bet Too Big On An OPEC Cut
It seems that hedge funds and money managers had built up too big a bullish position before the OPEC deal, send oil prices down when the 9-month extension was announced.
Falling OPEC Exports Create Upside For Oil Prices
No sooner had the dust settled after the conclusion of the latest OPEC meeting (with oil traders selling the market like hot cakes), we got Saudi oil minister Khalid…
Unstoppable: U.S. Adds Oil, Gas Rigs As OPEC Extends Deal
The number of active oil and gas rigs in the United States rose for the nineteenth straight week, Baker Hughes reported on Friday by 7, signaling that the US…
Private Equity Is Jumping Into This Reemerging Oil Hotspot
I talked earlier this week about increasing private equity activity in the U.S. shale patch. And news the last few days shows energy PE is also growing in the…
Russian Energy Minister: Deeper Cuts Still On The Table
Deeper cuts to OPEC’s oil production are not out of the question, but their implementation will depend on how things unfold with the current OPEC agreement, Russia’s Energy Minister Alexander…
Why OPEC Couldn’t Move Oil Prices Higher
The latest OPEC meeting was uncharacteristically tranquil, with little of the eleventh hour infighting and arm-twisting that has been so prevalent in previous meetings. The cooperative spirit has allowed OPEC…
Trump Aims To Scrap Gulf Coast Oil Royalties
In a bid to increase federal income, President Trump’s FY2018 budget plan proposes to stop sharing revenue payments from Gulf Coast offshore oil and gas to Texas, Louisiana, Alabama, and…
UAE Gains Edge In $165 Billion Caspian Oil & Gas Market
The United Arab Emirates has spearheaded the Gulf Cooperation Council (GCC) initiative to increase its presence in the Caspian Sea nations—Kazakhstan, Azerbaijan and Turkmenistan - all petrostates still suffering from…
