 |
Louisiana Light • 4 days | 89.16 | +0.62 | +0.70% | ||
|
Bonny Light • 1 day | 91.29 | -2.25 | -2.41% | ||
|
Opec Basket • 4 days | 90.77 | +0.15 | +0.17% | ||
|
Mars US • 164 days | 77.67 | -1.57 | -1.98% | ||
|
Gasoline • 12 mins | 2.788 | +0.004 | +0.15% |
|
Bonny Light • 1 day | 91.29 | -2.25 | -2.41% | ||
|
Girassol • 1 day | 91.81 | -2.21 | -2.35% | ||
|
Opec Basket • 4 days | 90.77 | +0.15 | +0.17% |
|
Peace Sour • 1 hour | 78.51 | -0.25 | -0.32% | ||
|
Light Sour Blend • 1 hour | 82.16 | -0.25 | -0.30% | ||
|
Syncrude Sweet Premium • 1 hour | 89.11 | -0.25 | -0.28% | ||
|
Central Alberta • 1 hour | 78.91 | -0.25 | -0.32% |
|
Eagle Ford • 4 days | 82.14 | +0.64 | +0.79% | ||
|
Oklahoma Sweet • 4 days | 82.00 | +0.50 | +0.61% | ||
|
Kansas Common • 4 days | 76.00 | -5.50 | -6.75% | ||
|
Buena Vista • 5 days | 88.72 | -1.19 | -1.32% |
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Energy
Oil Prices Crash Below $50 On Oversupply Fears
Crude is heading lower again, rounding out a downbeat week, as the expectation of an OPEC production cut extension is more than outweighed by an ongoing lopsided market. As oversupply…
Massive Natural Gas Deposit Discovered In The Gulf Coast Basin
Technological advancements have just pushed the boundaries of recoverable oil and gas in the U.S. further, according to an announcement by the U.S. Geological Survey. The agency reported that…
Exxon Is Going Primetime With The World's Next Shale Hotspot
The U.S. shale sector continues to be the hottest spot in natural resources investment. But news this week suggests America’s oil and gas industry may have a new rival —…
Oil Companies Exploiting Famine And Financial Ruin In South Sudan
South Sudan’s vulnerable financial state is making the civil-war-torn state easy prey for opportunistic oil and gas companies that could be offering Juba a fraction of the energy profits they…
Does The Biggest Winner Of The OPEC Deal Support An Extension?
OPEC continues to make progress on cooperation as they close in on an agreement to extend their production cuts for another six months. On April 20, several top OPEC…
Will Banks Allow Another Slew Of Oil Bankruptcies?
Last week, U.S. banks boosted the borrowing bases for several independent energy companies, lifting spirits in the industry. The move was taken as a sign that lenders are beginning…
Exxon Mulls Big Investment In Argentina As Part Of Shale Strategy
ExxonMobil is betting on shale development not only on its home turf. The supermajor is also planning to speed up investment plans for shale gas drilling in Argentina’s prized Vaca…
Oil Majors See Huge Opportunity In Eastern Mediterranean
Quite suddenly, there is remarkable oil industry news to come out of the East Mediterranean region. If the plan is executed, in the space of seven years the balance of…
Giant Libyan Oilfield Reopens After 2 Year Outage
The El-Feel oil field in western Libya—operated by a joint venture between Italy’s Eni and Libya’s National Oil Corporation (NOC)—reopened on Wednesday after two years, and expects to start pumping…
Offshore Crude Backlog Haunts Oil Price Recovery
Oil is trying to recover after yesterday's shellacking, but oversupply fears still remain. As rumors and murmurs circulate about an extension to the OPEC production cut, hark, here are five…
OPEC Moves Towards Extension Consensus
Saudi Arabia’s and Kuwait’s oil ministers said consensus is building among OPEC members on the extension of the cartel’s six-month oil production cut agreement, strengthening optimism about international prices. Speaking…
Don't Believe The Hype: Oil Markets Far From Recovery
Global oil inventories are falling because of OPEC and non-OPEC production cuts, but the road to market balance will be long. Production cuts have removed approximately 1.8 million barrels per…
What Does The Future Hold For Canada’s Oil Sands?
Phases in Canada’s Oil Sands We have entered a unique phase in major oil sands acquisitions in Alberta. Canadian companies are using their operational expertise, large market values, and stable…
Bullish Oil Price Predictions Should Be Treated With Caution
Despite prices levelling off and a continued resurgence in American production, bullish predictions on future prices are stacking up as analysts weigh in on where oil is headed. Citigroup Inc.…
Oil Industry Worried About Trump’s “Buy American”
U.S. President Donald Trump signed an executive order on Tuesday that would promote his “Buy American, Hire American” trade policy, an agenda that is worrying oil pipeline companies. Trump’s executive…
Kuwait: Iran May Keep Production Level If OPEC Extends Cuts
Iran will likely be allowed to maintain its current oil production levels should OPEC decide next month to extend the output cut deal for another six months, Kuwait’s Oil Minister…
Oil Prices Edge Lower As Imports Keep Inventories Buoyed
After a lesser draw than expected to crude inventories, oil is selling off on this third Wednesday in April. As strong imports from the Middle East this week should help…
Drillers Remain Cautious Despite Shale Success
February marked the first month since mid-2014 when oil and gas activity in the Permian increased on an annual basis, the latest Texas Permian Basin Petroleum Index has shown.…
IMF Predicts $55 Barrel Through 2018
Markets should expect oil to hover around $55 in 2017-2018, according to the International Monetary Fund’s World Economic Outlook, released on Tuesday. Last year’s average barrel price was $42.84…
Oil Markets React Stoically To Crude Inventory Draw
Amid rising optimism about where oil prices are going, the EIA reported a 1-million-barrel draw in crude oil inventories for the week to April 14, just a day after…
