 |
Louisiana Light • 2 days | 84.25 | -2.54 | -2.93% | ||
|
Bonny Light • 21 hours | 84.86 | -0.57 | -0.67% | ||
|
Opec Basket • 2 days | 87.17 | -1.55 | -1.75% | ||
|
Mars US • 181 days | 77.26 | -1.51 | -1.92% | ||
|
Gasoline • 12 mins | 2.599 | +0.003 | +0.11% |
|
Bonny Light • 21 hours | 84.86 | -0.57 | -0.67% | ||
|
Girassol • 21 hours | 85.78 | -0.59 | -0.68% | ||
|
Opec Basket • 2 days | 87.17 | -1.55 | -1.75% |
|
Peace Sour • 20 hours | 72.20 | -2.93 | -3.90% | ||
|
Light Sour Blend • 20 hours | 75.25 | -2.93 | -3.75% | ||
|
Syncrude Sweet Premium • 20 hours | 82.20 | -2.93 | -3.44% | ||
|
Central Alberta • 20 hours | 72.60 | -2.93 | -3.88% |
|
Eagle Ford • 2 days | 75.48 | -2.93 | -3.74% | ||
|
Oklahoma Sweet • 2 days | 75.50 | -2.75 | -3.51% | ||
|
Kansas Common • 3 days | 72.25 | -0.75 | -1.03% | ||
|
Buena Vista • 4 days | 87.60 | -1.22 | -1.37% |
Breaking News:
Article Archive | Page 1158
Less Earthquakes In Shale Territory: Good News For U.S. Frackers?
I’ve talked the last several months about a little-discussed looming issue in the shale patch. Earthquakes. A few weeks ago, Pennsylvania regulators made the first-ever connection between fracking activity…
Saudis Cut Light Crude Prices To Asia To Keep Market Share
Faced with a persisting oversupply and trying to keep its market share amid production cuts intact, Saudi Arabia has unexpectedly lowered the April price for the light crude it sells…
The EV Myth – Electric Car Threat To Oil Is Wildly Overstated
At the outset of the 2014 oil collapse, slacking oil demand growth was often cited as a major contributor to the sharp decline in oil prices. In September 2014, the…
Doomsday Scenario: A World Without Oil
Suppose the rapture happened. Not the kind followed by the Second Coming of Jesus as promised by Paul, but a rapture of oil. Imagine that one night, just after the…
Exxon Betting Big On U.S. Shale
ExxonMobil’s new CEO Darren Woods announced a dramatic shift towards shale drilling this week, a new strategy that will prioritize drilling thousands of smaller wells while reducing spending on the…
Why The Oil Industry Has To Go Digital
The oil industry has been notoriously slow in joining the digital age, but now it has been forced to do it as the efficiency drive trumps expansion in the post-oil…
Are Oil Prices Really Driven By Supply And Demand?
For most people the reflexive answer to the title question is yes. Consider, however, that over various time spans since 1980, the price of oil has dropped 75, 76, 78,…
The Aussies Just Shaped The Future Of Renewable Funding
Australia is following the crowdsourcing trend that has characterized the last half-decade, pioneering the movement into a new industry: solar energy. Beginning this week, approximately 10,000 Australian homeowners can…
As Non-OPEC Compliance Hits 60%, Oil Prices Remain Stagnant
When is 60 percent compliance a good thing? When it’s not 40 percent... That is the latest status on the non-OPEC nations who agreed to November’s production cut, as discussed…
Gold Demand In This Key Market Just Surged 82%
The biggest story in gold the past year has been India. With the world’s former largest gold importer seeing a 21 percent fall in shipments during 2016, to just 676…
Despite Promises To Cut, Iraq Raises February Oil Exports
Crude oil exports from Iraq went up by 1 percent to 3.85 million barrels daily in February, despite the OPEC oil production cut that has seen Saudi Arabia and other…
The Secret Wealth Of The World’s Richest Oil Billionaires
A policy of nationalizing chunks of an economy inevitably creates oligarchs who skim profits off the country’s natural resources. As such, you won’t be surprised to learn that the
Saudi King Goes East In Search Of Friends And Cash
The Saudi King kicked off a month-long tour of Asia this week, as the oil kingdom looks to bolster ties in the east as it loses confidence in the…
Why Investors Should Beware Of The Bakken
It’s the beginning of the end for the Bakken Shale play. The decline in Bakken oil production that started in January 2015 is probably not reversible. New well performance has…
Will Tesla’s $2.6 Billion SolarCity Gamble Pay Off?
Whether or not SolarCity was a good investment on the part of Tesla has been of speculation late as the company released its latest quarterly report. It seems that…
South Africa: The Next Hot Spot For Offshore Oil Exploration
South Africa’s land is known for its resources such as platinum, gold, diamonds, copper and coal. But its waters may be hiding future giant oil and gas discoveries potentially capable…
Gasoline Taxes About To Rise In These 12 States
Nearly 20 states have raised gas taxes or recalculated gas-tax formulas in recent years to generate additional revenues. Which, of course, is an extremely politically expedient way to raise taxes…
Geopolitical Time Bomb: Chaos In Somaliland Could Trigger Regional Conflict
The broader conflicts around control of the Red Sea and its littorals are being played out in the new aspects of the transformation of the Republic of Somaliland, which dominates…
Panic In Vienna: OPEC Needs To Bring Down Costs To Compete With U.S. Shale
Nigeria’s Oil Minister Emmanuel Ibe Kachikwu said that OPEC producers need to lower their production costs if they want to be able to compete effectively with U.S. shale boomers,…
Here’s The Official New No.1 Copper Supplier To China
I wrote in late January about how Peru has been squeezing Chile in terms of copper supply to China. And this week, it’s official. Peru is now the…
