 |
Louisiana Light • 2 days | 87.12 | +0.63 | +0.73% | ||
|
Bonny Light • 20 hours | 90.15 | +1.75 | +1.98% | ||
|
Opec Basket • 2 days | 88.39 | -0.06 | -0.07% | ||
|
Mars US • 175 days | 77.26 | -1.51 | -1.92% | ||
|
Gasoline • 4 hours | 2.765 | +0.006 | +0.23% |
|
Bonny Light • 20 hours | 90.15 | +1.75 | +1.98% | ||
|
Girassol • 20 hours | 90.85 | +1.82 | +2.04% | ||
|
Opec Basket • 2 days | 88.39 | -0.06 | -0.07% |
|
Peace Sour • 19 hours | 76.77 | +0.76 | +1.00% | ||
|
Light Sour Blend • 19 hours | 79.82 | +0.76 | +0.96% | ||
|
Syncrude Sweet Premium • 19 hours | 86.77 | +0.76 | +0.88% | ||
|
Central Alberta • 19 hours | 77.17 | +0.76 | +0.99% |
|
Eagle Ford • 2 days | 80.05 | +0.76 | +0.96% | ||
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Oklahoma Sweet • 2 days | 80.00 | +0.75 | +0.95% | ||
|
Kansas Common • 2 days | 73.75 | +0.75 | +1.03% | ||
|
Buena Vista • 3 days | 87.23 | -0.55 | -0.63% |
Breaking News:
Article Archive | Page 1213
U.S. Oil industry Sees No Job Losses For The First Time In Two Years
After almost two years of seeing jobs disappear, energy companies saw some good news emerge last month as the job rate remained steady in the month of September. With…
U.S. Oil Rig Count Ticks Up By 3
The United States saw a three new oil rigs brought online, bringing the total count to 428, according to Baker Hughes. The number of rigs marks the highest number of…
American Quiet Natural Gas Boom
The market for natural gas continues to grow as the U.S. currently produces and consumes more gas than ever before, according to EIA’s 2015 Natural Gas Annual. Prices for consumers…
The Resurrection Of Putin: What It Means For The Oil Markets
One week before the U.S./Russian truce agreement in Syria, the Washington Post headlined an article with, “Whether or not the Syrian cease-fire sticks, Putin Wins.” Is Putin winning? There’s little…
New Mega Oil Discovery In Alaska Could Reverse 3 Decades Of Decline
A small company just announced that it has made a “world-class” oil discovery in Alaska, which could be the largest find in the state in years. Caelus Energy LLC, a…
2016 Oil Price Forecasts: Why Is Everyone Getting It Wrong
Forecasting oil prices has proven to be a difficult exercise this year, with investment banks, ratings agencies and national and supranational organisations left baffled by how the market price has…
Is Russia Diversifying Away From Oil Fast Enough?
Russia needs to diversify away from oil and gas, and fast, says the chief executive of the country’s largest lender, Sberbank. According to German Gref, the oil and gas…
Nigerian Oil Anxieties Mount, Even With OPEC Exemption
OPEC may have given Nigeria a pass on the output cuts expected to be divvied out officially at the close of November, but it’s D-Day for the militancy that has…
Where Are Oil Prices Heading?
In this post I present developments in world crude oil (including condensates) supplies since January 2007 and up until June 2016. I then take a closer look at petroleum demand…
Oil Prices Continue To Rise On Continued OPEC Rhetoric
Happy Nonfarm Friday Eve! Prices are pushing on for yet one more day, under the gravitational pull of another informal producer meeting - this time in Istanbul next week for…
OPEC Crude Accounts For Most Of U.S. Oil Imports Rise
Reversing a five-year-long decline trend, U.S. gross crude imports rose by 7 percent, or by 528,000 barrels per day, in the first half of this year compared to the same…
Oil Hits $50 As OPEC Suggests It Might Deepen Output Cuts
Should OPEC members find that the oil market needs more cuts, the cartel could decide to lower production by one percent more than last week’s deal-to-make-a-deal, Algerian Energy Minister…
The OPEC Deal Represents A Permanent Shift In Oil Markets
Market enthusiasm around the OPEC deal has vacillated significantly over the last week, alternating between optimism and pessimism. A healthy segment of investors view the current agreement with skepticism given…
Pipeline Outage Could Lead To Another Gasoline Price Spike
Gasoline prices in the U.S. Southeast spiked in September after a major gasoline pipeline suffered a leak and was forced to temporarily shut down. The Southeast may see gasoline prices…
1.5 Trillion Barrels Of Recoverable U.S. Oil Waiting To Be Tapped
A 2012 report by the U.S. Government Accountability Office (GAO) estimated that three trillion barrels of oil lay buried underneath the Green River Formation shared by Colorado, Utah…
Can Microwave Technology Compete With Fracking?
There’s 1.5 trillion untapped recoverable barrels of crude in the U.S. – an amount equal to the world’s total proven reserves that can pretty much turn energy independence from…
Natural Gas Prices Increasingly Weather Sensitive
Natural gas has taken significant market share in North American energy markets, especially the United States. Annual consumption of the robust fuel has gone from 22.0 Tcf in 2005 to…
Saudis Cut Oil Prices To Asia, Europe
Oil prices are moving higher once again, boosted by a supportive weekly inventory report (and not OPEC rhetoric....refreshing!). As further distractions await in the coming days via data deluges, hark,…
Oil Prices Continue Their Rally As EIA Reports Surprise Draw
Crude oil inventories in the U.S. reached 499.7 million barrels in the week to September 30, the EIA reported, down by 3 million barrels from the previous week. The…
Goldman Sachs: ‘Very Oversupplied’ Market To Stop Crude Rally At $55
Low-cost players such as Russia, combined with an upcoming ‘wall of supply’ from large-scale projects commissioned in the past 5-10 years, and additional supplies from Libya and Nigeria will make…
