 |
Louisiana Light • 3 days | 83.76 | +0.29 | +0.35% | ||
|
Bonny Light • 2 days | 84.11 | -0.31 | -0.37% | ||
|
Opec Basket • 3 days | 84.30 | +0.70 | +0.84% | ||
|
Mars US • 191 days | 77.26 | -1.51 | -1.92% | ||
|
Gasoline • 2 days | 2.500 | -0.042 | -1.66% |
|
Bonny Light • 2 days | 84.11 | -0.31 | -0.37% | ||
|
Girassol • 2 days | 85.07 | -0.23 | -0.27% | ||
|
Opec Basket • 3 days | 84.30 | +0.70 | +0.84% |
|
Peace Sour • 2 days | 72.46 | +0.27 | +0.37% | ||
|
Light Sour Blend • 2 days | 75.51 | +0.27 | +0.36% | ||
|
Syncrude Sweet Premium • 2 days | 82.46 | +0.27 | +0.33% | ||
|
Central Alberta • 2 days | 72.86 | +0.27 | +0.37% |
|
Eagle Ford • 3 days | 75.74 | +0.27 | +0.36% | ||
|
Oklahoma Sweet • 3 days | 75.75 | +0.25 | +0.33% | ||
|
Kansas Common • 3 days | 69.50 | +0.25 | +0.36% | ||
|
Buena Vista • 3 days | 83.77 | +0.27 | +0.32% |
Article Archive | Page 1102
Shell Posts 700% Rise In Earnings, Prepares For ‘Lower Forever’ Oil Prices
Shell reported net earnings attributable to shareholders of US$1.92 billion for the second quarter of the year, a more than 700-percent increase from a year earlier when the figure…
Oil Rises, But Saudis Face Daunting Dilemma
OPEC producers have reached a catch-22 in their quest to rebalance global supply fundamentals for their precious crude oil markets. While deeper cuts are necessary to bring supply and…
Saudi Arabia Growing Nervous Over OPEC Compliance
OPEC officials are hoping to limit the production of both Libya and Nigeria, as fears grow that the two exempted members are undermining cuts from the rest of the cartel.…
Britain To Ban Fossil Fuel Vehicles By 2040
Great Britain will ban all new diesel and gasoline-powered automobiles after 2040, according to Environment Secretary Michael Gove. In an announcement Wednesday morning, Gove confirmed that vehicles powered solely…
The Saudi Power Balance Is On A Knife-Edge
The sweltering heat of Saudi Arabian summer will feel like a cool breeze compared to the geopolitical fire that could soon take over the country if ongoing internal power struggles…
The Next Big Catalyst In The U.S. Oil Export Boom
The Louisiana Offshore Oil Port plans to start exporting crude by early next year, in the latest indication there’s an oil export boom in the world’s top oil consumer. According…
Indonesia May Return To OPEC But Won’t Cut Production
Indonesia is open to rejoining OPEC, but only if it can determine its own production levels, the country’s Energy and Mineral Resources Minister Ignasius Jonan told Reuters in an…
Trump’s U.S.-Steel Pipeline Plan To Backfire On Energy Projects
The U.S. Department of Commerce is due to submit a plan to President Donald Trump regarding a presidential memorandum on the use of American-made steel and iron products in pipelines.…
Strong Draw In Crude Inventories Boosts Oil Prices
The Energy Information Administration once again helped to lift oil market spirits this week by reporting another hefty decline in U.S. commercial crude oil inventories for the week ending…
Shortage Of Fracking Crews Slows The Shale Boom
The resurgence in shale drilling and production could be bumping up against some limits, with output expected to fall far short of market expectations for this year and next, according…
Electric Car Industry Faces A Looming Supply Shortage
“Lithium is the new oil,” goes the saying in electric vehicle (EV) circles. If you haven’t heard the catchy maxim, it means that new-age batteries made from elemental lithium are…
Will The UAE Further Boost Its OPEC Compliance?
Following Saudi Arabia’s pledge to do the same, the United Arab Emirates announced on Tuesday its plans to reduce oil exports beginning in September of this year. The announcement was…
Why U.S. Shale Drillers Can’t Sell Their Gas
Natural gas output from the U.S. shale formations is at a record high. So are recoverable gas reserves, according to the Potential Gas Committee. This sounds like good news…
New Regulations May Come As A Rude Awakening For Oil Companies
An agency little-known outside accounting circles recently issued draft rules to change the standards which govern the verification of the year-end oil and gas reserves of public companies. The change…
Saudi Arabia Regains Influence Over Oil Markets
Oil prices have spiked at the start of this week, with Brent breaking through the $50 mark in response to Saudi Arabia's promises to cut more oil and its determination…
Oil Prices Spike In Spite Of Bearish EIA Forecast
Oil prices have faced increased pressure in 2017; if it’s not Nigeria and Libya output, it’s US shale. If it’s not US shale, it’s predictions of weakening demand. If it’s…
Anadarko Blinks First In The Shale Standoff
It appears that Horseman Global's Russell Clark may have been spot on with his bearish take on the US shale sector. As a reminder, in his latest letter to…
Russian Oil Minister: Global Glut Shrunk By 350 Million Barrels
Russia’s Energy Minister Alexander Novak said yesterday that over the last six months, global crude oil supply has shrunk by 350 million barrels thanks to the production-cutting efforts of…
Saudis To Take ‘Significant’ Measures To Bolster Oil Prices
At the meeting of OPEC and non-OPEC producers in St. Petersburg on Monday, Saudi Arabia announced its intention to take further action to bolster flagging oil prices. Saudi oil minister…
U.S. Sanctions On Russia Could Be "Wide And Indiscriminate"
The U.S. Congress is set to approve legislation that will tighten sanctions on Russia, but more importantly, it will gut the President’s authority to unilaterally remove those sanctions. The sanctions…
