 |
Louisiana Light • 2 days | 86.60 | -0.08 | -0.09% | ||
|
Bonny Light • 1 day | 88.69 | -0.04 | -0.05% | ||
|
Opec Basket • 2 days | 87.35 | -2.29 | -2.55% | ||
|
Mars US • 168 days | 77.67 | -1.57 | -1.98% | ||
|
Gasoline • 11 hours | 2.710 | -0.003 | -0.13% |
|
Bonny Light • 1 day | 88.69 | -0.04 | -0.05% | ||
|
Girassol • 1 day | 89.20 | -0.10 | -0.11% | ||
|
Opec Basket • 2 days | 87.35 | -2.29 | -2.55% |
|
Peace Sour • 18 hours | 75.30 | -0.05 | -0.07% | ||
|
Light Sour Blend • 18 hours | 78.35 | -0.05 | -0.06% | ||
|
Syncrude Sweet Premium • 18 hours | 85.30 | -0.05 | -0.06% | ||
|
Central Alberta • 18 hours | 75.70 | -0.05 | -0.07% |
|
Eagle Ford • 2 days | 79.21 | +0.04 | +0.05% | ||
|
Oklahoma Sweet • 2 days | 79.25 | +0.00 | +0.00% | ||
|
Kansas Common • 3 days | 73.00 | -2.50 | -3.31% | ||
|
Buena Vista • 3 days | 86.86 | -2.40 | -2.69% |
Article Archive | Page 1167
Oil Prices Slip On Bearish Inventory Data
The Energy Information Administration reported a 2.8-million-barrel build in U.S. commercial oil inventories, a day after the American Petroleum Institute estimated the inventories had expanded by 2.93 million…
Is Libya A Bigger Threat To Oil Prices Than U.S. Shale?
Despite some suggestions that oil prices will level off at around $60 in 2017, since the initial surge of the OPEC production deal prices have barely nudged above $53. Over…
Despite Trump’s Rhetoric: U.S. Needs OPEC Oil
President Donald Trump is taking his ‘America First’ energy plan from the campaign trail to the White House website, vowing to achieve energy independence from OPEC and any nations…
Expect A New Shale Boom This Spring
U.S. shale has now rebounded to a solid financial equilibrium that it makes sense for companies to begin investing in drilling again. The International Energy Agency (IEA) expects U.S. shale…
Cash Strapped Iranian Oil Industry Braces For Trump Impact
Iran has been raising eyebrows with its unwavering determination to put its energy industry back on its feet since most Western sanctions against Tehran were lifted last year, and its…
Why 2017 Could See A Renewable Energy Boom In The Middle East
With solar panels becoming exceedingly cheap to produce, companies are scrambling to build. Enel SPA, an Italian energy distributor, has recently shown interest in the Middle East. The company is…
Markets Buy The OPEC Cuts, But Fear U.S. Supply
Oil prices remain flat as markets see the tremendous rig count rise in the U.S. as a strong cap on a noteworthy oil price recovery.
Saudis Warn Computer Virus That Hit Aramco In 2012 Has Returned
Saudi Arabia has issued a warning to local organizations that the Shamoon virus that had hit state-held oil giant Saudi Aramco in 2012 has resurfaced in a new variant,
How The Saudi Rift With Egypt Is Spiraling Out Of Control
Saudi Arabia’s rift with Egypt is spiraling out of control, with major strategic ramifications for both countries, as well as for the Yemen conflict and other Red Sea security challenges.…
Oil Prices Rise As Markets Buy OPEC’s Charm Offensive
With no breaking news or comment overnight, oil prices were slightly up on Tuesday morning, with recent reports that OPEC is considerably lowering production as per the deal being offset…
Miners Shun Top Class Gold Assets In Egypt
I wrote in November about Egypt’s first gold licensing round in seven years. Noting that the geological potential is very strong in this under-explored part of the Arabian-Nubian shield.…
Trump Angers Buffett – To Sign Executive Orders On Keystone, Dakota Pipelines
It is just day two of his presidency, and already Trump is taking a sledgehammer to the Obama legacy: in his latest move reported moments ago by Bloomberg, president Trump…
North Sea Oil Producers Cash In On Asian Demand, OPEC Deal
Crude oil from the North Sea is flowing to Asia at record rates, set to reach 12 million barrels this month, Bloomberg reports, citing shipping data. Tankers carrying 9…
Why Cheap Natural Gas Is History
Natural gas prices averaged a little more than $2.50 per mmBtu (million British Thermal Units) in 2016. Those days are over. Prices will average at least $3.50 to $4.00 in…
Why Oil Won’t Rally Above $60 In The Near Term
Last week the IEA warned that rising non-OPEC production could put an end to the OPEC-fueled price rally that began in late November after the cartel’s agreement to cut…
How Tillerson Could Fuel A Russian Arctic Drilling Boom
It’s now clear to nearly everyone that U.S. President Trump intends to seek warmer U.S. relations with Russia, while putting China and Iran relations in the deep freezer. Trump has…
Does Trump’s ‘America First’ Tax Plan Benefit Oil & Gas?
U.S. President Donald Trump has plans to support domestic oil and gas industry, job creation and local manufacturing in his America First agenda. One proposed House Republican corporate tax reform,…
Oil Sands Are An Easy Target But They Are Going Nowhere
Canada’s PM Justin Trudeau sparked outrage earlier this month by saying the Alberta oil sands need to be “phased out”. Because the oil sands industry is the third-biggest employer…
Oil Prices Fall In Spite Of Consensus At OPEC Monitoring Meeting
Crude is starting the week by charging lower, as supportive rhetoric from OPEC over the weekend has done little to allay fears of ongoing strong supply this year - especially…
Why Russia Beat Saudi Arabia As China’s No.1 Oil Supplier
Russia last year overtook Saudi Arabia as China’s biggest supplier of crude oil thanks in large part to increased demand from independent refineries, popularly called teapots. This is what…
