 |
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 • 21 hours | 75.30 | -0.05 | -0.07% | ||
|
Light Sour Blend • 21 hours | 78.35 | -0.05 | -0.06% | ||
|
Syncrude Sweet Premium • 21 hours | 85.30 | -0.05 | -0.06% | ||
|
Central Alberta • 21 hours | 75.70 | -0.05 | -0.07% |
|
Eagle Ford • 2 days | 79.21 | +0.04 | +0.05% | ||
|
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% |
U.S. Senator Pushes for Ban on Chinese Electric Vehicles
Senator Brown urges President Biden…
China Tightens Hold on Iraq's Oil with Al-Faw Refinery Nearing Completion
China is finishing the Al-Faw…
U.S. Drilling Activity Inches Up
The total number of active…
Energy
How Likely Is An OPEC Deal Extension?
Damned if they do and damned if they don’t. This is OPEC’s precarious position after the recent fall in oil to below $50 per barrel. Oil prices will tank if…
Keystone XL Does Not Make Sense Anymore
Canada’s oil industry is facing a dilemma – three major proposed pipelines but perhaps only room enough for two of them. For years, the oil industry in Canada has been…
U.S. Shale Faces A Workforce Shortage
A problem for the U.S. shale oil and gas industry that analysts and observers have warned about for a long time has materialized: there is a shortage of workers. According…
Will Trump Send Oil Prices Crashing?
Oil markets are looking particularly bearish this week, with WTI once again below $50, the OPEC cuts in jeopardy over Iran and Iraq ramping up production, the second U.S.…
Saudi Arabia’s War On Shale Never Ended
Last week, when Saudi Arabia let it leak that the kingdom has no intention of leading OPEC toward another cut in production to accommodate the growing volumes of oil…
Will Nigeria Be Forced To Join The OPEC Production Cut?
Nigeria could lose its exempt status in the OPEC oil production cut deal, as it restores its daily output to levels last seen before militant attacks on infrastructure in the…
Oil Steadies Itself Ahead Of Big Week
And it's shaping up to be another fun week in the crude complex, with OPEC releasing its monthly oil market report on Tuesday, swiftly followed by the IEA's monthly oil…
Global Rig Count Suggests An Oil Price Rally Is Near
Like us humans, it seems that oil markets have two ears. Going in one ear, is the squeal of the resurgent U.S. oil industry. In the other ear, it’s loud…
Falling Oil Prices Could Upend The OPEC Deal
A bearish report from the EIA, particularly the inventory data and an output forecast which predicts U.S. production rising to a level not seen since 1970, sent WTI prices plunging…
Huge Oil Find Could Save Alaska’s Oil Sector
Spanish oil firm Repsol SA just announced the largest onshore oil discovery in the U.S. in three decades, a 1.2 billion barrel find on Alaska’s North Slope. Repsol has…
Why Is Big Oil Backing The Paris Climate Agreement?
Joining the ranks of former Exxon CEO, and now Secretary of State, Rex Tillerson, the chief executive of another big U.S. energy company, ConocoPhillips, is saying that the U.S. should…
Can Oil Supply Keep Up With Surging Demand?
IEA chief sees no peak in oil demand, but slowed investment will reduce supply Global oil demand could outpace supply after 2020, according to a release from the International…
Rise Of U.S. Shale Could Jeopardize OPEC Deal Extension
OPEC and the U.S. continue to fight for dominance in the global oil market. The battle has been recently been defined by OPEC’s production cuts, but new U.S. shale production…
Investors Confident Of A Big Upwards Move In Commodity Prices
After finishing 2016 up 25 percent, commodities are getting another boost from bullish investors. Investment bank Citigroup forecasts commodity prices will increase this year on strengthening demand in China…
Is The Lithium Bubble About To Burst?
After rising aggressively, some would argue that lithium prices have already peaked. Reuters quotes Paul Robinson, director at consultancy CRU Group saying that prices have little upside because demand…
Turkmenistan’s Gas Gloom
Turkmenistan President Gurbanguly Berdymukhammedov and his government just cannot seem to get a break lately. Not that they necessarily deserve it. But all the same, Turkmenistan's last realistic hope to…
What’s In Store For U.S. Shale Oil?
(Click to enlarge)The future output from the light tight oil (LTO) sector of the U.S. oil industry is the subject of much…
Mongolia Investing Nearly $1 Billion To Develop Downstream Capabilities
The proposed refinery, to be located in the Sainshand soum (district) in the province of Dornogovi, is forecast to cost around $700m, with a further $264m to be spent on…
Tipping The Balance: The $50 Sweet Spot
This week, an update on an investment I recommended last year in late May – Silver Run Acquisitions Corporation, then the SPAC of ex-CEO of EOG Resources, Mark Papa. That…
Oil’s Big Drop: The Contrarian View
One of the first things I learned as I started my career in a dealing room was that, unlike in a marriage, on a trading desk being a contrarian made…
