 |
Louisiana Light • 2 days | 86.60 | -0.08 | -0.09% | ||
|
Bonny Light • 21 hours | 88.69 | -0.04 | -0.05% | ||
|
Opec Basket • 2 days | 87.35 | -2.29 | -2.55% | ||
|
Mars US • 168 days | 77.67 | -1.57 | -1.98% | ||
|
Gasoline • 5 hours | 2.710 | -0.003 | -0.13% |
|
Bonny Light • 21 hours | 88.69 | -0.04 | -0.05% | ||
|
Girassol • 21 hours | 89.20 | -0.10 | -0.11% | ||
|
Opec Basket • 2 days | 87.35 | -2.29 | -2.55% |
|
Peace Sour • 13 hours | 75.30 | -0.05 | -0.07% | ||
|
Light Sour Blend • 13 hours | 78.35 | -0.05 | -0.06% | ||
|
Syncrude Sweet Premium • 13 hours | 85.30 | -0.05 | -0.06% | ||
|
Central Alberta • 13 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. Drilling Activity Inches Up
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Argentina Taps Waste Gas To Mine Bitcoin
Crypto companies are tapping into…
U.S. Drilling Activity Continues to Drop Off
The total number of active…
Energy
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
Wall Street Pouring Money Back Into Oil And Gas
Despite the near record increase in U.S. oil inventories last week – an increase of 13.8 million barrels – oil prices traded up on February 8 and 9 as traders…
Pipeline Approvals Could Put A Ceiling On Gas Prices
Two new pipelines to be built over the next 12-18 months are likely to bring down natural gas prices on the U.S. market just when they were starting to rise…
Is $55 Oil Really Enough For Qatar?
The world’s top LNG exporter Qatar is pumping just over half a million barrels of oil per day, but has been staunchly supporting OPEC’s production cuts aimed at rebalancing the…
Will Lebanese Oil And Gas Ignite The Country?
While the Eastern Mediterranean is well known for its major (and underexploited) gas reserves, Lebanon is the latest country in the region to join the oil rush, after Egypt’s…
Is Papa Too Late To The Permian Party?
Veteran oil industry executive Mark Papa is back in the game and heading to the hottest shale play – the Permian – but he may be a little late to…
Nigeria Rescues Oil Tanker From High-Seas Pirates
The Nigerian Navy has rescued an oil tanker from pirates near Bonny Island, even as the number of high-seas hijackers is at an 18-year low, according to the International…
Oil Rises As Bullish Sentiment In Markets Persists
Oil prices are moving back toward the top of their recent trading range, looking to muster a test of resistance once more. As positivity abounds amid new intraday record highs…
U.S. To Sell 10 Million Barrels From Strategic Reserves This Month
Some 10 million barrels of crude from the U.S.’s strategic reserve are scheduled to be sold later this month, the Department of Energy said. The shipment is part of…
