 |
Louisiana Light • 2 days | 86.79 | -0.77 | -0.88% | ||
|
Bonny Light • 1 day | 85.43 | -2.61 | -2.96% | ||
|
Opec Basket • 3 days | 88.72 | +0.00 | +0.00% | ||
|
Mars US • 180 days | 77.26 | -1.51 | -1.92% | ||
|
Gasoline • 14 mins | 2.579 | +0.002 | +0.07% |
|
Bonny Light • 1 day | 85.43 | -2.61 | -2.96% | ||
|
Girassol • 1 day | 86.37 | -2.70 | -3.03% | ||
|
Opec Basket • 3 days | 88.72 | +0.00 | +0.00% |
|
Peace Sour • 24 hours | 75.13 | -0.70 | -0.92% | ||
|
Light Sour Blend • 24 hours | 78.18 | -0.70 | -0.89% | ||
|
Syncrude Sweet Premium • 24 hours | 85.13 | -0.70 | -0.82% | ||
|
Central Alberta • 24 hours | 75.53 | -0.70 | -0.92% |
|
Eagle Ford • 2 days | 78.41 | -0.70 | -0.88% | ||
|
Oklahoma Sweet • 2 days | 78.25 | -0.75 | -0.95% | ||
|
Kansas Common • 2 days | 72.25 | -0.75 | -1.03% | ||
|
Buena Vista • 3 days | 87.60 | -1.22 | -1.37% |
Breaking News:
Article Archive | Page 1207
Oil Prices Rally On Saudi Rhetoric
Wax on, wax off; oil prices are rallying after selling off for the last three days, egged on by yesterday's supportive inventory report and the ebb and flow of OPEC…
Saudis, Gulf OPEC Members Offer To Cut 4% Of Oil Output
Just when a potential OPEC deal was looking more like wishful thinking than a reality, sources told Reuters on Thursday that Saudi Arabia and its Gulf OPEC producer allies…
Tesla Q3 Reports Modest Gain On Credits, Faces Tough Road Ahead
Contrary to consensus analyst expectations, Tesla has turned in its second-ever quarterly profit, for July to September, boasting that Q4 would also be in the black—but some analysts remain skeptical…
Will Libya Turn Its Back On The OPEC Deal?
The exploration of oil in Libya began in 1955, four years after the country was declared independent. 40 companies were given an area of 600,000 km2 to explore over ambitious…
Full Scale Oil Price Recovery Unlikely As 5000 DUC’s May Come Online
A backlog of oil wells that have been sitting idle could put renewed pressure on oil prices once the oil starts flowing. Oil prices dipped just below $50 per barrel…
Bankruptcies In Oilfield Services Are Accelerating
Clouds have been clearing for oil producers in the U.S. oil patch, but it looks like things are a bit different in oil field services. In fact, they’re quite a…
Is Nevada Sitting On One Of The Biggest Undiscovered Oil Fields?
Most of the giant oil fields on earth, ''elephants'' are deposited in passive margin shelves like the Paleozoic passive margin shelf of the Great Basin of western Utah and eastern Nevada. These…
Offshore Oil Accounted For 30% Of Global Output In 2015
According to new data from the EIA, global offshore oil production (including lease condensate and hydrocarbon gas liquids) in 2015 was at the highest level since 2010, and accounted for…
Houston Oil and Gas: Cuts and Rehires Indefinitely Frozen
Despite indications that the Houston hemorrhage of oil and gas jobs has slowed down, the two-year old wave of advances in drilling and extraction technologies—pioneered by now-jobless engineers—will prevent rehiring…
Oil Jumps After EIA Reports Draw To U.S. Crude Stocks
The Energy Information Administration reported a draw of 600,000 barrels in U.S. crude oil inventories for the week ending October 21, bringing a shred of calm to the market…
Venezuelan Minister Reveals Non-OPEC Lineup For Output Cut Discussion
OPEC has sent invitations to 12 producing countries that are not members of the organization, to discuss market rebalancing measures a day before OPEC’s official meeting on November 30. The…
Is ISIS Giving Up On Oil?
Since the Iraqi army drove out Islamic State forces from the oil-rich towns of Shargat and Qayyarah last month, ISIS has lost its ability to produce oil and profit…
Can Saudi Arabia Scramble Out Of The Pit It Dug for Itself?
Major changes are brewing in Saudi Arabia, and there is no way to stop them if the kingdom’s economy is to survive the oil price rout. This is what has…
Iraq Threatens To Sink OPEC Deal
Oil prices dropped more than 1 percent on Tuesday as waning expectations of an OPEC deal weighed on the market. Iraq insisted on Sunday that it be allowed to…
Shipping Industry Faces Uphill Battle Against New Climate Regulations
The shipping industry, currently in the midst of an over-capacity crisis that has toppled at least one major international shipping firm, must now come to grips with a new demand…
Why The Peak Oil Argument Refuses To Die
The Peak Oil argument refuses to die. Today it has morphed into the Peak Conventional Oil argument. There are parts of the argument I agree with such as any…
Crude Tests $50 As OPEC Deal Seems Unlikely
Oil prices are testing the $50 mark as uncertainty about the OPEC deal impacts oil markets. (Click to enlarge)
Nigerian Oil Under Attack Once Again
Nigeria has managed to increase its daily crude oil production to 1.9 million barrels, according to a tweet from the Petroleum Ministry. That’s still short of the country’s 2.2-million-bpd…
Oil Prices Fall Ahead Of Inventory Reports
Oil is looking fairly subdued today amid a stronger dollar, and ahead of a likely build to inventories from tomorrow's weekly EIA report. Hark, before that, here are five things…
Canadian Oil Is Building A Wall And Mexico Is Paying For It
Mexico and Canada have been waging a silent battle for market share in the U.S. crude oil refining market. Since 2006, crude oil exports from Canada and Mexico to the…
