 |
Louisiana Light • 2 days | 86.60 | -0.08 | -0.09% | ||
|
Bonny Light • 1 day | 88.69 | -0.04 | -0.05% | ||
|
Opec Basket • 2 days | 87.35 | -2.29 | -2.55% | ||
|
Mars US • 169 days | 77.67 | -1.57 | -1.98% | ||
|
Gasoline • 13 hours | 2.710 | -0.003 | -0.13% |
|
Bonny Light • 1 day | 88.69 | -0.04 | -0.05% | ||
|
Girassol • 1 day | 89.20 | -0.10 | -0.11% | ||
|
Opec Basket • 2 days | 87.35 | -2.29 | -2.55% |
|
Peace Sour • 20 hours | 75.30 | -0.05 | -0.07% | ||
|
Light Sour Blend • 20 hours | 78.35 | -0.05 | -0.06% | ||
|
Syncrude Sweet Premium • 20 hours | 85.30 | -0.05 | -0.06% | ||
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Central Alberta • 20 hours | 75.70 | -0.05 | -0.07% |
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Eagle Ford • 2 days | 79.21 | +0.04 | +0.05% | ||
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Oklahoma Sweet • 2 days | 79.25 | +0.00 | +0.00% | ||
|
Kansas Common • 3 days | 73.00 | -2.50 | -3.31% | ||
|
Buena Vista • 3 days | 86.86 | -2.40 | -2.69% |
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Energy
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…
Why The Permian Doesn’t Keep OPEC Awake At Night
The old saying goes, “Everything’s bigger in Texas”. The latest subject of this axiom is the legendary Permian Basin. The recent headlines have been eye-popping. “The Permian Basin Keeps On…
Citi Sees $65 Oil By Christmas
Maybe the surge in U.S. shale production won’t kill off the oil price rally after all. Oil prices could rise as high as the mid-$60s per barrel by the end…
Alaska Needs Much Higher Oil Prices To Reverse Its Oil Fortunes
This year marks Alaska’s 40th anniversary of the Trans Alaska Pipeline Systems (TAPS)—an 800-mile-long crude oil route that runs from the North Slope to Valdez, the northernmost ice-free port in…
Despite Fears, China Remains A Bullish Force For Oil
China is still one of the most important countries contributing to oil market bullishness, despite its slowing economy. Over the past two years, China’s state-owned oil companies – PetroChina, CNOOC…
U.S. Shale Surging, But Oil Holds Steady
Rising production in the two biggest U.S. shale basins and Saudi Arabia's newly ambiguous stance on the OPEC deal extension have resulted in oil prices falling early this week.
Soaring U.S. Output Keeps Crude Subdued
Oil is on the defensive again, retracing from resistance in recent days amid bearish U.S.-centric data of rampant production increases. Despite the Good Friday holiday, we get the…
Oil Prices Drop As Saudis Say Too Early To Decide Cuts Extension
Oil prices dropped on Tuesday morning as the market continues to buy Saudi Arabia’s rhetoric that adds to outlooks for weaker global demand growth and rising U.S. production to drive…
Russian Tanker Owner Holds PDVSA Oil Cargo Hostage Over Debts
Despite the fact that it managed to make the bond payment due last week, Venezuela’s PDVSA is in a precarious financial position, and regardless of the close Russia-Venezuela ties,…
Can We Expect A Natural Gas Price Spike In Australia?
U.S. natural gas prices have subsided the last few months. Dropping back to near $3 per mcf, after rising to above $3.50 in December — the highest price seen since…
