 |
Louisiana Light • 1 day | 84.39 | +0.14 | +0.17% | ||
|
Bonny Light • 1 day | 84.86 | -0.57 | -0.67% | ||
|
Opec Basket • 1 day | 84.23 | -2.94 | -3.37% | ||
|
Mars US • 182 days | 81.76 | +2.02 | +2.53% | ||
|
Gasoline • 10 mins | 2.591 | -0.006 | -0.22% |
|
Bonny Light • 1 day | 84.86 | -0.57 | -0.67% | ||
|
Girassol • 1 day | 85.78 | -0.59 | -0.68% | ||
|
Opec Basket • 1 day | 84.23 | -2.94 | -3.37% |
|
Peace Sour • 8 hours | 72.15 | -0.05 | -0.07% | ||
|
Light Sour Blend • 8 hours | 75.20 | -0.05 | -0.07% | ||
|
Syncrude Sweet Premium • 8 hours | 82.15 | -0.05 | -0.06% | ||
|
Central Alberta • 8 hours | 72.55 | -0.05 | -0.07% |
|
Eagle Ford • 1 day | 75.43 | -0.05 | -0.07% | ||
|
Oklahoma Sweet • 1 day | 75.50 | +0.00 | +0.00% | ||
|
Kansas Common • 3 days | 72.25 | -0.75 | -1.03% | ||
|
Buena Vista • 4 days | 87.60 | -1.22 | -1.37% |
Breaking News:
Iran Claims to Have Expanded Its Axis of Resistance
Iran is claiming that a…
Exxon Expects Regulator To Greenlight $60-Billion Pioneer Deal in June
ExxonMobil continues to expect that…
Uranium Stocks Surge as White House Considers Russian Import Ban
Uranium stocks surged as the…
News
Washington May Take Stake In Struggling U.S. Oil Companies
The federal government may be about to offer the struggling U.S. oil industry loan financing in exchange for stakes, Bloomberg has reported, citing an unnamed…
Oil Producers Insist On 'No Zero Price' Contracts
Following the unprecedented market carnage that saw US benchmark prices drop below zero last week, producers selling crude oil to Asian customers have started to add a new clause in…
China’s State Oil Giants Slash Spending
While the U.S. oil industry is in the throes of panic as demand has fallen out of the oil market, China is suffering its own oil crisis— resulting in capex…
Norway To Slash Oil Output By 250,000 Bpd
Norway said that it would reduce its crude oil production by 250,000 bpd in June, and then maintain a 134,000-bpd lower rate of production for the rest of 2020, the…
Chinese Oil Giant CNOOC Cuts US Shale, Canada Oil Sands Output
China National Offshore Oil Corporation (CNOOC), a major oil operator with assets around the world, is reducing its 2020 production and spending guidance in light of the unprecedented market downturn,…
The World’s Largest Oil Fund Is Sitting On $725 Million In Unrealized Losses
The United States Oil Fund (USO), the world’s most popular exchange-traded fund linked to crude oil prices, was sitting on US$725.5 million in unrealized losses on futures as of the…
Italian Car Sales Plunged 98% In April
You can't get much more of a "worse case scenario" in auto sales than watching numbers plunge an astounding 98%. But that's exactly what has happened with new car sales…
Russia Calls For Market Share Target For OPEC+
It would make sense for the OPEC+ coalition of oil producers to begin monitoring the group’s market share to measure how effective the OPEC+ actions are, Russian Energy Minister Alexander…
Crashing Fuel Demand Leads To Large Loss For This Big U.S. Refiner
U.S. refiner Valero Energy Corporation (NYSE: VLO) reported on Wednesday a net loss of $1.9 billion for Q1, compared to a profit for the same period last year, after…
Is Venezuela’s PDVSA Abandoning Its Socialist Agenda?
Venezuela seems to be changing tactics when it comes to managing its oil resources. PDVSA is considering a major industry reform that would increase private company activities in its troubled…
Kazakhstan Negotiating 22% Oil Output Cut
Kazakhstan is in talks with the companies operating its two large oil projects to reduce total output by 22 percent in compliance with the latest OPEC+ production cut agreement. The…
Another Big Shale Driller Stops Operations In The Bakken
After Continental Resources suspended drilling in North Dakota and started shutting in operating wells, now another company has followed: Oasis Petroleum. Reuters quotes unnamed sources that said the company has started…
Continental Resources Sued Over Failed Oil Deal Amid Price Crash
A small privately held oil and gas company from Tulsa, Oklahoma, is suing Continental Resources over a deal from which Continental withdrew after oil prices plunged in early March, Reuters
Oil Storage Crisis Deepens As API Reports Very Large Crude Inventory Build
The American Petroleum Institute (API) estimated on Tuesday another large crude oil inventory build of 9.978 million barrels for the week ending April 24 as the demand destruction continues and…
Flooding Prompts Evacuation At Heart Of Canada’s Oil Sands
The Regional Municipality of Wood Buffalo, which includes Fort McMurray – the hub of Alberta’s oil sands business – has issued a mandatory evacuation order for all of downtown Fort McMurray…
Canada’s Oil Firms Set To Curtail Output By At Least 1 Million Bpd
As Canadian oil firms prepare to start reporting what would surely be bleak Q1 earnings and short-term outlooks, analysts expect that the companies will announce curtailments in production to the…
U.S. Oil Companies Begin Sending Crude To Strategic Petroleum Reserve
U.S. oil companies have started sending oil to the Strategic Petroleum Reserve, Bloomberg reports, citing a Department of Energy official. According to the official, since the start of April, some…
Maduro Appoints One Of America's Most Wanted As New Oil Minister
Amid a worsening gasoline shortage and Chevron and Halliburton's imminent exit from Venezuela, the Nicolas Maduro government is looking to reverse the radical decline in its oil industry with two…
World’s Largest Oil Fund Is Once Again Crashing Crude Markets
The United States Oil Fund (USO) is once again shaking up oil markets, and WTI is now down more than 21% on the day. The USO Fund’s administration, USCF, announced…
Oklahoma Calls On Trump To Declare COVID-19 An “Act Of God” To Help Oil Industry
Oklahoma Governor Kevin Stitt called on U.S. President Donald Trump to declare the coronavirus pandemic an ‘Act of God’ to help oil firms in Oklahoma as they look to curtail…
