 |
WTI Crude •2 days | 52.27 | -0.86 | -1.62% |
|
Brent Crude •1 day | 55.41 | -0.69 | -1.23% |
|
Natural Gas •2 days | 2.446 | -0.045 | -1.81% |
|
Mars US •2 days | 53.02 | -0.86 | -1.60% |
|
Opec Basket •3 days | 55.14 | -0.61 | -1.09% |
 |
Urals •32 days | 42.22 | +0.00 | +0.00% |
|
Louisiana Light •3 days | 54.90 | -0.31 | -0.56% |
|
Marine •2 days | 55.13 | -0.44 | -0.79% |
|
Murban •2 days | 55.57 | -0.19 | -0.34% |
|
Iran Heavy •2 days | 51.58 | -0.58 | -1.11% |
|
Basra Light •2 days | 57.04 | -0.62 | -1.08% |
|
Saharan Blend •2 days | 54.87 | -0.57 | -1.03% |
|
Bonny Light •2 days | 54.72 | -0.55 | -1.00% |
|
Canadian Crude Index •3 days | 40.08 | +0.03 | +0.07% |
|
Western Canadian Select •2 days | 39.23 | -0.33 | -0.83% |
|
Canadian Condensate •2 days | 52.13 | -0.18 | -0.34% |
|
Premium Synthetic •2 days | 53.53 | -0.18 | -0.34% |
|
Sweet Crude •2 days | 48.13 | -0.18 | -0.37% |
|
Peace Sour •2 days | 46.88 | -0.18 | -0.38% |
|
Louisiana Light •3 days | 54.90 | -0.31 | -0.56% |
|
Domestic Swt. @ Cushing •2 days | 48.75 | -1.00 | -2.01% |
|
Giddings •2 days | 42.50 | -1.00 | -2.30% |
|
ANS West Coast •4 days | 56.32 | -0.51 | -0.90% |
|
West Texas Sour •2 days | 46.22 | -0.86 | -1.83% |
|
Eagle Ford •2 days | 50.17 | -0.86 | -1.69% |
U.S. Energy Independence Is Fueling Iran’s Middle East Power Grab
The United States shale boom…
UAE Oil Takes Center Stage In U.S. Pushback Against China
Abu Dhabi is working to…
Geopolitics / International
Geopolitical Notebook February 6th 2019
Sources • Two Swiss bankers who know Couriol, the man behind the Venezuela gold scandal• One former Swiss prosecutor who works as a private investigator• Former Aramco executive
Oil Markets React Lukewarm To Venezuela Supply Outage
When Washington announced its latest sanctions against Venezuela, targeting specifically state oil company PDVSA, there was worry—and hope, depending on perspective—that this will push crude oil prices higher. What happened…
Venezuelan Oil Crisis Could Lead To Pirates In The Caribbean
President Trump's newest sanctions attempting to curb some $11 billion of crude exports from Venezuelan state-oil company PDVSA (or Petroleos de Venezuela S.A.) to the United States this year has many world leaders…
U.S. May Have To Back Off Iran Sanctions Again
The U.S. has vowed to zero out Iran’s oil exports, and after a surprising display of leniency last November, American officials have signaled that they won’t be as flexible when…
Libya’s Oil Future Depends On This Huge Oil Field
There is no respite for Libya on its bumpy road to recover crude oil production to the levels of 2011, when the toppling of Muammar Gaddafi plunged the country into…
Venezuela’s Crisis Threatens U.S. Control Over Oil Prices
The Russian bear is on the prowl once again as President Putin seeks to expand Moscow’s influence and bolster the one-time superpower’s global influence while proving to constituents he can…
Is The Trade War Finally Coming To An End?
The U.S. and China may be ready to stabilize trade relations, with a U.S. government delegation traveling to Beijing during the week of Jan. 7 to hold trade talks with…
Why Russia Agreed To Additional Production Cuts
OPEC has been dominating the oil market since its inception in 1960. Together, the members possess approximately 82 percent of global conventional oil reserves and produce 32.6 million barrels…
Turkmenistan’s Pipeline Project Faces More Hurdles
While in Islamabad, Muhammetmyrat Amanov, chief executive of the TAPI Pipeline Limited Corporation, urged his hosts to get to work building their section of the project by March. Amanov has previously said…
What Would The End Of OPEC Mean?
The Organization of the Petroleum Exporting Countries - the oil market institution that has exerted an unyielding power over the price of crude for nearly 60 years - is now…
Former Venezuelan General Takes Helm Of OPEC
In what some saw as a sign of OPEC’s growing irrelevance in the world of oil, Venezuela’s Oil Minister Manuel Quevedo will take the helm of the cartel beginning next…
Geopolitical Stakes Are Huge On This Tiny Island
The specter of a rumored U.S. military buildup in Cyprus that would draw a major Russian response now adds to the ongoing Greek Cypriot-Turkish conflict over the island and the…
Iran Threatens To Close Key Oil Choke Point
Here we go again: Iranian President Hassan Rouhani has once again threatened to close the Strait of Hormuz, which is vital to up to one-third of all global oil shipping as it's a key…
Khashoggi’s Revenge: Is Saudi Arabia Becoming A Pariah State?
The U.S. Senate took a dramatic step on Thursday, moving to block U.S. involvement in the Saudi war in Yemen and sending a powerful message to Riyadh that the…
The Impending Endgame In Oil Markets
U.S. president Trump is facing strong internal pressure to punish Saudi Arabia in the coming days. For Washington, however, this could be a double-edged sword, as turning on Saudi Crown…
Iran: U.S. Has Failed To Stop Oil Exports
Iran’s president Hassan Rouhani said on Monday that the country will continue to export oil despite fresh U.S. sanctions, which he described as “psychological war doomed to failure.” “We…
The Saudis Are Hinting At Another U-Turn In Oil Markets
A month after President Donald Trump announced that the United States was withdrawing from the Iran nuclear deal and re-imposing sanctions on Tehran’s oil, Iran’s archrival and OPEC’s de facto…
Why The EU Can't Save Iran
The full impact of U.S. sanctions on Iran is still to be assessed, as major underlying factors remain opaque. OPEC’s current fear of an oil glut in 2019, as indicated…
Trump Claims Victory As Oil Prices Plummet
Oil prices are now down over 20 percent from recent highs, and President Trump knows exactly where the credit for that belongs. “If you look at oil prices they’ve come…
What’s Behind China’s New Charm Offensive?
Australia’s reliance on its giant trading partner China could get a little stickier going forward. Yesterday, Australia’s new Prime Minister Scott Morrison pledged to increase his country’s military and…
