 |
WTI Crude •55 mins | 59.09 | +0.57 | +0.97% |
|
Brent Crude •16 mins | 67.54 | +0.38 | +0.57% |
|
Natural Gas •56 mins | 2.856 | +0.054 | +1.93% |
|
Mars US •11 mins | 65.79 | +0.57 | +0.87% |
 |
Opec Basket •4 days | 66.91 | -0.38 | -0.56% |
|
Urals •17 hours | 64.90 | +0.39 | +0.60% |
|
Louisiana Light •4 days | 66.31 | -0.53 | -0.79% |
|
Marine •4 days | 67.61 | -0.45 | -0.66% |
|
Murban •4 days | 68.98 | -0.28 | -0.40% |
|
Iran Heavy •4 days | 59.30 | -0.24 | -0.40% |
|
Basra Light •4 days | 69.42 | -0.01 | -0.01% |
|
Saharan Blend •4 days | 66.39 | -0.11 | -0.17% |
|
Bonny Light •4 days | 67.79 | -0.48 | -0.70% |
|
Canadian Crude Index •15 mins | 47.24 | +0.70 | +1.50% |
|
Western Canadian Select •3 days | 48.47 | -0.14 | -0.29% |
|
Canadian Condensate •24 days | 55.27 | -0.09 | -0.16% |
|
Premium Synthetic •3 days | 59.17 | -0.09 | -0.15% |
|
Sweet Crude •3 days | 53.12 | -0.44 | -0.82% |
|
Peace Sour •3 days | 50.52 | -0.49 | -0.96% |
|
Louisiana Light •4 days | 66.31 | -0.53 | -0.79% |
|
Domestic Swt. @ Cushing •17 hours | 55.50 | +0.50 | +0.91% |
|
Giddings •17 hours | 49.25 | +0.50 | +1.03% |
|
ANS West Coast •5 days | 68.43 | -0.05 | -0.07% |
|
West Texas Sour •17 hours | 53.04 | +0.57 | +1.09% |
|
Eagle Ford •17 hours | 56.99 | +0.57 | +1.01% |
Big Oil Has Finally Joined The Digital Revolution
Though Big Oil used to…
Oil Prices Surge To Multi-Month Highs
Oil prices have surged to…
Has T. Boone Pickens Timed the Oil Market Just Right?
It’s a tough business right now for oil and gas companies, with some companies faring better than others with most majors releasing in-the-red second quarter financials, but business mogul T. Boone Pickens has made a bold and heavy return to the energy market, upping his stake in energy holdings by more than a third in the second quarter, according to data tallied by Bloomberg.
The value of BP Capital Fund Advisors LLC’s energy stock holdings increased by $55 million to $218 million. BP Capital Fund Advisors added stakes to eight energy-related companies at a time when oil prices were painstakingly low, and companies were taking rigs offline.
Texas-based BP Capital Fund Advisors additions included stakes in multiple pipeline companies in Q2 2016, including Williams Partners LP, Plains All American Pipeline LP, and Enbridge Energy Partners LP —while dumping shares of other energy stocks, including oilfield services giant Schlumberger Ltd, which managed to make the number-two top spot on CNN’s top ten list of “job-killing” companies earlier this year after cutting nearly 12,500 jobs in 2016.
In February, T. Boone Pickens had told Bloomberg Go that he sold all his oil-related holdings, and would re-enter when the time was right, stating that the market was oversupplied by 1 million to 1.5 million barrels per day. The announcement came only a bit over a month after a 13F filing that revealed he had taken on 55 new equity positions in the fourth quarter of 2015.
By Charles Kennedy of Oilprice.com
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Curious on August 16 2016 said:Funny, this old fossil said that Crude was on its way to $76 early this year, kinda goes against his delusions now doesn't it?
