 |
Louisiana Light • 2 days | 86.68 | -2.47 | -2.77% | ||
|
Bonny Light • 1 day | 88.73 | -1.64 | -1.81% | ||
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Opec Basket • 2 days | 89.64 | -0.54 | -0.60% | ||
|
Mars US • 167 days | 77.67 | -1.57 | -1.98% | ||
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Gasoline • 11 mins | 2.731 | +0.017 | +0.63% |
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Bonny Light • 1 day | 88.73 | -1.64 | -1.81% | ||
|
Girassol • 1 day | 89.30 | -1.63 | -1.79% | ||
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Opec Basket • 2 days | 89.64 | -0.54 | -0.60% |
|
Peace Sour • 55 mins | 75.30 | -0.05 | -0.07% | ||
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Light Sour Blend • 55 mins | 78.35 | -0.05 | -0.06% | ||
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Syncrude Sweet Premium • 55 mins | 85.30 | -0.05 | -0.06% | ||
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Central Alberta • 55 mins | 75.70 | -0.05 | -0.07% |
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Eagle Ford • 2 days | 79.17 | -2.67 | -3.26% | ||
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Oklahoma Sweet • 2 days | 79.25 | -2.50 | -3.06% | ||
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Kansas Common • 2 days | 73.00 | -2.50 | -3.31% | ||
|
Buena Vista • 2 days | 86.86 | -2.40 | -2.69% |
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Energy
Oil Prices Head Lower In Spite Of Bullish OPEC Data
Oil is charging lower to start the new week, as the monthly OPEC oil market report has done little to assuage oversupply concerns - despite the cartel's…
OPEC Reports First Output Deal Results: 890,000 Bpd Cut
OPEC cut its crude oil production by 890,000 bpd from December to average 32.14 million bpd in January, the cartel said in its Monthly Oil Market Report…
Mafia, Guns And Clans: The Big Libyan Oil Heist
Libya’s oil production problems extend far beyond whether the forces of Tripoli or Benghazi secure ultimate control over the country: Clan-based militias are running their own smuggling operations, and their…
Is $60 Oil Within Reach?
The oil market is in a “wait-and-see mode” as OPEC implements its production cuts, with the record level of compliance boding well for tighter conditions, the IEA said in its…
Qatar Petroleum Continues To Climb Past The Oil Majors
That Aramco is the world’s biggest oil producer is, it’s safe to say, common knowledge. The rest of the top 5 oil companies could be a bit difficult for a…
Oilfield Services Rush To Raise Capital As Oil Recovery Holds
The old saying goes in the investment business, “when the ducks are quacking you feed them”. And so it goes for Canadian publicly traded oilfield service (OFS) companies which are…
Energy Storage Set To Boom In 2017
The problem with today’s power grid isn’t the lack of electricity but rather the lack of it at certain times. The United States has progressively moved towards adding renewable energy…
LNG Giant Looking To Get In On U.S. Shale
The liquefied natural gas (LNG) sector is seeing a lot of activity. Spurred by prices in the key Japanese market hitting a two-year high in recent weeks, averaging $8.40/MMBtu…
The Tortoise Wins The Race: Utility Stocks Come In Ahead Of The Pack
According to Aesop, the plodding tortoise beat the swift hare to the finish line. Reports just released by the Edison Electric Institute (EEI), the industry’s trade group, show the electric…
The Oil Majors To Watch In A Trump Threatened Iran
This past Friday, President Trump issued new sanctions on Iran following their missile test on Sunday. The administration believes this to be a violation of an agreement to refrain from…
Will Rising U.S. Production Drive OPEC Into A Corner?
In an earlier article I addressed some of the skepticism around the recent production cuts enacted by OPEC. Today I want to consider in more depth the notion that…
Is It Still A Good Time To Buy Oil Stocks?
When I was standing shoulder to shoulder with all those other oil day traders on the floor of the NYMEX, once in a while I’d get a very funny feeling.…
OPEC Deal Looks Shaky Despite ‘Good’ Compliance Rate
The oil markets were boosted overnight by the news from the International Energy Agency (IEA) that compliance to the schedule of cuts agreed by OPEC to start on January 1st…
Bulls Optimistic, But Pitfalls For Oil Remain
Friday February 10, 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…
Trading Support/Resistance: A Lost Art
Some traders will tell you that March West Texas Intermediate crude oil had a volatile week. If you look at the price swings over a five-day period then yes, there…
Why The Huge Inventory Build Didn’t Crash Oil Prices
- WTI snapped out of a two week coma on Wednesday trading to a low of $51.22 following an API report revealing a 14m bbl crude oil build which was…
Oil Rallies As Glut Fears Abate
Oil prices rose on Thursday and Friday after booking some midweek losses as a result of exceptionally strong builds to U.S. crude inventories …
U.S. Oil Rig Count Up On Rising Oil Prices
The number of active oil and gas rigs in the United States increased again on Friday by 12, taking aim at earlier gains to both WTI and Brent crude oil…
Oil Prices Head Higher On Positive Demand Outlook
A supportive IEA monthly report has encouraged a Friday rally for black gold, Texas tea. As prices ping around in their current tight trading range, approaching resistance once again, hark,…
Oil Prices Rise As OPEC Compliance To Cuts Hits 90%
Oil prices were up more than 1 percent early Friday morning after the International Energy Agency (IEA) said that OPEC’s supply-cut deal achieved a record initial compliance rate of
