 |
Louisiana Light • 2 days | 81.18 | +0.12 | +0.15% | ||
|
Bonny Light • 29 days | 86.00 | -0.62 | -0.72% | ||
|
Opec Basket • 2 days | 81.37 | -0.08 | -0.10% | ||
|
Mars US • 266 days | 75.97 | -1.40 | -1.81% | ||
|
Gasoline • 4 hours | 2.461 | -0.007 | -0.29% |
|
Bonny Light • 29 days | 86.00 | -0.62 | -0.72% | ||
|
Girassol • 29 days | 87.27 | -0.38 | -0.43% | ||
|
Opec Basket • 2 days | 81.37 | -0.08 | -0.10% |
|
Peace Sour • 11 hours | 72.28 | +0.69 | +0.96% | ||
|
Light Sour Blend • 11 hours | 72.28 | +0.69 | +0.96% | ||
|
Syncrude Sweet Premium • 11 hours | 79.18 | +0.89 | +1.14% | ||
|
Central Alberta • 11 hours | 72.28 | +0.69 | +0.96% |
|
Eagle Ford • 3 days | 74.07 | +0.63 | +0.86% | ||
|
Oklahoma Sweet • 2 days | 75.00 | +2.00 | +2.74% | ||
|
Kansas Common • 3 days | 67.75 | +0.50 | +0.74% | ||
|
Buena Vista • 4 days | 83.27 | -2.82 | -3.28% |
Breaking News:
Physical Oil Market Hints at Potential Upswing
Oil prices could break to…
Venezuela Has a Natural Gas Problem
Venezuela's natural gas production has…
Net-Zero Targets Could Double Yearly Copper Demand by 2035
Copper shortage fears return as…
News
China Deal Shows Iran Tilting East, Not West
Iran already has signaled that it plans to do more business with Russia now that the crippling Western sanctions have been lifted from its economy. Iran has also made it…
Bearish Bets Hit Record As Investors Believe In A Sub $25 Oil Bottom
Having briefly reached bull market status (ripping 20 percent off last week's lows), WTI crude oil is collapsing again this morning as the reality of excess…
Oil CEO’s – Don’t Expect Oil Prices To Recover Until 2017
Since last summer, energy executives have been warning that the price of oil will remain “lower for longer.” That raises two questions, however: How much lower…
Republicans Outraged Over Kerry Admission On Iran
Republicans in Washington reacted with outrage to Secretary of State John Kerry’s acknowledgment that money now available to Iran with the lifting of sanctions could end up funding terrorist activities,…
Gazprom Warns EU Its Policies May Choke Off Gas Supply
The chairman of Gazprom says the European Union’s energy policies could dam up the flow of gas from Russia to the West, especially at a time…
Exxon Climate Change Investigation May Become A Federal Case
The investigatory microscope has been focused on Exxon Mobil Corp. since last summer, beginning with a group of journalism students working in tandem with the Los Angeles Times. Their reporting…
Imminent Energy Defaults Will Impact These Banks
As we showed previously, when it comes to banks' exposure to energy, things have gotten beyond nebulous, especially in the aftermath of the (officially denied, even though we stand behind…
As BG Vote Looms, Shell Warns Of Big Hit To Profits
Royal Dutch Shell said Wednesday that it expects its fourth-quarter profits in 2015 to be roughly half what they were in the same period of 2014…
Suncor Sweetens Deal For Canadian Oil Sands
Just two weeks ago, Suncor Energy Inc. insisted it wouldn’t sweeten its offer in a hostile takeover bid for Canadian Oil Sands Ltd. That was then.…
Kyrgyzstan Pursues Hydropower Plans Without Russian Support
Until the close of 2015, Russia was the sole investor in two planned hydro-electric power projects in Kyrgyzstan: the Upper-Naryn cascade project and the Kambar-Ata-1 hydropower plant. The Upper Naryn…
Bearish Equity Markets Drag Mining Sector Down
Global stocks sank to their lowest levels since 2013 on Wednesday, hit by yet another drop in oil prices and the IMF’s lower growth forecast for China, which is leading…
Low Oil Prices Threaten Nigerian Oil Fields
The price of oil, now in the neighborhood of $30 per barrel, is getting close to its production cost in Nigeria and soon may lead to…
Except For Permian, Texan Oil Production Falling Fast
The Texas RRC Oil and Gas Production Data is out. This data is always incomplete. But we can get some idea of what the trend is by comparing it with…
Iran To Drive Oil Prices Lower Still
On Monday, we noted with some incredulity that North Dakota Sour - a high-sulfur grade of crude - was briefly going for -$0.50 at the Koch brothers' Flint Hills…
Oil Price Collapse Pushing Russia’s Economy To The Edge
The price of oil is falling faster than Russia can adjust its budget. In June 2014, the global price of oil was over $110 per barrel. But due to a…
While U.S.-Iran Relations Warm, Russia Is The Real Winner
The lifting of crippling sanctions imposed on Iran over its nuclear program may be opening a new era of closer political and business relations between Tehran…
Low Oil Prices Take Dramatic Toll On Kazakh Economy
Oil production is entering a new year of decline this year in Kazakhstan — a dismal omen for a country so heavily reliant on energy exports.…
As Conventional Energy Companies Cut Back, Solar Jobs Surge
The low price of oil and the resultant reduction in spending by fossil fuel companies has allowed the solar energy industry to overtake the U.S. oil…
ISIS Shifts Focus To Libya As Pressure In Syria, Iraq Builds
January 2016 saw an acceleration of the movement of ISIS fighters out of Syria and into Libya. There were profound reasons for this “flight to safety”…
Azerbaijan’s Economy In Dire Straits As Oil Prices Keep Tanking
With oil prices now barely above $31 per barrel, Azerbaijan’s energy-export economy is taking on lots of water. And what is worse, Baku’s lifeboat, the State…
