 |
Louisiana Light • 2 days | 70.91 | -0.20 | -0.28% | ||
|
Bonny Light • 24 hours | 74.32 | +1.77 | +2.44% | ||
|
Opec Basket • 2 days | 73.68 | +0.21 | +0.29% | ||
|
Mars US • 3 hours | 70.28 | +1.14 | +1.65% | ||
|
Gasoline • 1 hour | 2.129 | +0.005 | +0.25% |
|
Bonny Light • 24 hours | 74.32 | +1.77 | +2.44% | ||
|
Girassol • 24 hours | 74.64 | +1.76 | +2.41% | ||
|
Opec Basket • 2 days | 73.68 | +0.21 | +0.29% |
|
Peace Sour • 6 hours | 65.99 | +0.35 | +0.53% | ||
|
Light Sour Blend • 6 hours | 67.34 | +0.35 | +0.52% | ||
|
Syncrude Sweet Premium • 6 hours | 69.09 | +0.35 | +0.51% | ||
|
Central Alberta • 6 hours | 66.09 | +0.35 | +0.53% |
|
Eagle Ford • 24 hours | 70.13 | +1.67 | +2.44% | ||
|
Oklahoma Sweet • 24 hours | 68.75 | +1.75 | +2.61% | ||
|
Kansas Common • 2 days | 60.75 | -1.50 | -2.41% | ||
|
Buena Vista • 2 days | 76.00 | -1.41 | -1.82% |
Aramco On Lockdown After Houthi Missile Attack
Saudi Arabia had intercepted a…
What Would A World Without OPEC Look Like?
OPEC is one of the…
Geopolitics / International
US Threatens Sanctions On Anyone Dealing with Iran’s Oil Tanker
The United States threatened to slap sanctions on any ports or banks or virtually anyone trying to make deals with Iranian oil tanker Grace 1—the ship that was released…
How Trinidad & Tobago Is Benefitting From The Venezuelan Crisis
In June the UN estimated that 4m people had fled Venezuela as a result of the crisis. Of these, some 40,000 have arrived in T&T. Although this is far lower…
This Arms Deal Could Trigger A New ‘’Cold War’’
The long-awaited, and feared, delivery of Russian S-400 missile systems to Turkey has started. In spite of US and European warnings that Ankara should reconsider the Russian arms deal, to…
Gulf of Mexico Production Falls 50%
Discovery & Development • Britain’s most important pipeline system, Forties, saw flows reduced to 150,000 bpd from 450,000 bpd-575,000 bpd due to repairs, which are set to be completed by…
The Dark Outlook For Non-OPEC Oil
The period from 2010 to 2014 witnessed the highest sustained oil price environment in recent memory, with Brent averaging $110 a barrel and WTI $95 a barrel. This high oil…
The West Just Made A Big Mistake In Middle East
US politics have always been a bi-partisan affair. Two blocks fighting each other without taking into account possible repercussions of their decisions on global geopolitics and…
The Bearish Threat Within OPEC
After a prolonged oil price plunge, pushing price levels down to around $59 Brent per barrel, signs are showing that the market believes the downward trend has overshot its target.…
Russia Calls The Shots In A Fractured OPEC
The fact that Russia and most OPEC members are happy at different oil price levels has never been a secret. Now, President Putin has said it as bluntly as possible:…
OPEC Production Falls Despite Saudi Production Boost
Deals, Mergers & Acquisitions• Canadian Utilities will sell all its fossil fuel-powered generation capacity for $835 million to Heartland Generation, a company affiliated with Energy Capital Partners. The…
Tainted Russian Oil Crisis May Drag On For Months
It’s been a month since Russian oil flows through the Druzhba pipeline were suspended due to contamination, and despite Russia’s assurances that clean oil will resume flowing through the pipeline…
New Middle East Proxy War Could Jolt Oil Prices
U.S. sanctions on Iran are now really starting to bite. In contrast to what European media portray, Iran’s oil and gas exports are plunging. Tehran’s ability to supply its Asian…
The Oil Kingdom Enters A New Era
Saudi Crown Prince Mohammed bin Salman’s largely self-inflicted losing streak appears to have come to an end, and just in the nick of time, with arch-nemesis Iran in the process…
Oil May Hold The Secret To Ending The Trade War
On Wednesday, U.S. president Donald Trump crushed any hopes of a trade deal with China when he announced that China “broke the deal” and that, as a consequence, the U.S.…
Middle East Oil Giants Are About To Upend Oil Trading
The summer of 2019 could be a watershed moment in global commodity markets. The next couple of months, could see a major reshuffle of global commodity trade and financial markets…
Is This The End For India-Iran Energy Relations?
After the Trump administration’s Monday announcement that the United States would not renew its six-month waivers to third party countries for their continued purchase of Iranian oil, India has been…
Iran Demands U.S. Apologize For “Illegal” Sanctions
Global oil markets are still adjusting to President Trump’s decision on Monday to not extend the 180-day waiver for Iranian oil imports to the country’s eight largest customers. On…
Trump’s Oil Waiver Decision Is A Double-Edged Sword
Tokyo is still trying to prevent being caught in the geopolitical cross-fire between Washington and Tehran. On Friday, Japan’s Minister of Economy, Trade, and Industry (METI) Hiroshige Seko said that…
Trump’s Foreign Energy Policy Could Haunt Him In 2020
Iran can’t seem to get a break, at least as far as the U.S. is concerned. Yesterday, Sigal Mandelker, undersecretary of the Treasury for Terrorism and Financial Intelligence, told…
Trump Weighs In On Controversial Occupied Territory
Developments are unfolding that continue to put the U.S. at odds with much of the Arab world, including Saudi Arabia. On Monday, Trump recognized Israel’s 1981 annexation of the Golan…
U.S. ‘’Oil Weapon’’ Could Change Geopolitics Forever
In a dynamic that shows just how far U.S. oil production has come in recent years, the U.S. Energy Information Administration (EIA) said on Monday that in the last…
