 |
Louisiana Light • 3 days | 87.12 | +0.03 | +0.03% | ||
|
Bonny Light • 1 day | 89.32 | +0.45 | +0.51% | ||
|
Opec Basket • 3 days | 86.51 | -1.01 | -1.15% | ||
|
Mars US • 174 days | 77.26 | -1.51 | -1.92% | ||
|
Gasoline • 11 mins | 2.742 | +0.008 | +0.29% |
|
Bonny Light • 1 day | 89.32 | +0.45 | +0.51% | ||
|
Girassol • 1 day | 89.90 | +0.45 | +0.50% | ||
|
Opec Basket • 3 days | 86.51 | -1.01 | -1.15% |
|
Peace Sour • 4 hours | 76.01 | -0.55 | -0.72% | ||
|
Light Sour Blend • 4 hours | 79.06 | -0.55 | -0.69% | ||
|
Syncrude Sweet Premium • 4 hours | 86.01 | -0.55 | -0.64% | ||
|
Central Alberta • 4 hours | 76.41 | -0.55 | -0.71% |
|
Eagle Ford • 3 days | 79.33 | -0.29 | -0.36% | ||
|
Oklahoma Sweet • 6 days | 79.75 | +0.50 | +0.63% | ||
|
Kansas Common • 2 days | 73.50 | +0.50 | +0.68% | ||
|
Buena Vista • 3 days | 87.02 | -0.29 | -0.33% |
Article Archive | Page 1163
U.S. To Sell 10 Million Barrels From Strategic Reserves This Month
Some 10 million barrels of crude from the U.S.’s strategic reserve are scheduled to be sold later this month, the Department of Energy said. The shipment is part of…
Are These OPEC Members Sabotaging The Output Deal?
OPEC provide a shot in the arm for oil prices this week when S&P Global Platts reported a much higher than expected compliance rate for the month of June. So…
Permian Drilling Costs Surge: Are The Days Of Cheap Oilfield Services Over?
It was only a matter of time before drilling, fracking, and oilfield service providers for the oil and gas industry started raising their prices to reflect the improving prospects for…
From Bust To Boom: Why Canada’s Rig Count Increased 50 Percent Last Year
Canadian rigs are going back to the field, coaxed by higher commodity prices and greater productivity. Across the land, 345 iron masts were turning bits last week, so the year-over-year…
Can Natural Gas Rescue Algeria’s Ailing Economy?
Algeria is paving the way for a stronger natural gas export profile in Europe, building off of preexisting relationships with Spain, Italy and Portugal, Forbes reported earlier this year.…
The Unlikely Alliance Between Trump And Saudi Arabia
An unlikely supporter of U.S. President Donald Trump’s energy policies spoke out this week, and it’s really appropriate in this mad mad word of alternative facts and logic be damned,…
Huge Crude Inventory Build Sparks Wave Of Panic Buying
Today's price action has been a case of sell the rumor, buy the (bearish) fact, as the affirmation of a gargantuan crude build from today's weekly EIA report has stoked…
Time Bomb In Oil Markets: Goldman Sachs Issues Warning
While energy traders remain focused on weekly changes in crude supply and demand, manifesting in shifts in inventory of which yesterday’s API data and today’s EIA data was a breathtaking…
Oil Prices Plunge And Bounce Back After EIA Reports Massive Crude Build
The Energy Information Administration sunk oil markets deeper into despair reporting a build of 13.8 million barrels for commercial crude oil inventories in the U.S. Total commercial inventories are…
Coal Prices Continue To Rise As Indonesia Blocks Coal Exports
Coal continues to be one of the strongest stories in the commodities sector. With news emerging this week that the world’s leading producer Coal India is hunting for overseas…
Iranian Oil Will Not Be Stopped By Trump
Despite new sanctions by the Trump Administration and an escalating war of words regarding its ballistic missile program, Iran is continuing to push ahead with plans to maintain oil production…
Expensive Middle East Crude Could Lose Market Share To U.S. Shale
OPEC’s production cuts have put a floor under oil prices, at least for now. The resulting reduced supplies have also boosted the price of Middle East crude grades, and increased…
It’s Time For Big Oil To Embrace The Digital Age
The 2014 oil price bust very quickly changed the agenda of the oil industry, prioritizing efficiency as a tool of keeping costs down. This emphasis on efficiency was the best…
Plunging Refining Margins See Oil Majors Disappoint In Q4
The fourth quarter of 2016 was a massive disappointment for the oil majors. Almost without exception, all of the largest publicly-traded oil companies in the world posted highly disappointing numbers,…
Latin America Growing More Dependent On U.S. Oil
Crude production has slowed in parts of Latin America as oil majors struggle to pump for profits. Mexico and other Latin American countries have been relying more heavily on the…
Markets Remain Bullish On Oil Despite Growing Risks
OPEC reportedly achieved a 91 percent compliance rate this week, with speculators reacting by amassing yet more bullish bets. The downside risk continues to grow in the short term however.
Oil Prices Fall Ahead Of Inventory Data
Oil is getting tonked for a second consecutive day, as prices have run into resistance at the top of their trading range, sending them staggering lower once more. With record…
Electric Vehicles Will Be A Major Oil Price Driver In The Future
Oil output (crude plus condensate or C+C) is likely to peak by 2020 (or may have peaked already in 2015 or 2016). Electric Vehicles (EVs) and Plugin hybrid electric vehicles…
This Nation Just Created A New Corporate Superpower In Oil & Gas
Some very important developments in this oil and gas sector this week. From a place that’s becoming a big mover in global petroleum markets: India. India’s government officials announced a…
Oil Markets On A Knife Edge Despite 91% OPEC Compliance
The first month of the six-month OPEC deal is in the books and the early signs suggest that the oil group is thus far coming close to delivering on its…
