 |
Louisiana Light • 3 days | 87.12 | +0.63 | +0.73% | ||
|
Bonny Light • 2 days | 90.15 | +1.75 | +1.98% | ||
|
Opec Basket • 3 days | 88.39 | -0.06 | -0.07% | ||
|
Mars US • 176 days | 77.26 | -1.51 | -1.92% | ||
|
Gasoline • 1 day | 2.765 | +0.006 | +0.23% |
|
Bonny Light • 2 days | 90.15 | +1.75 | +1.98% | ||
|
Girassol • 2 days | 90.85 | +1.82 | +2.04% | ||
|
Opec Basket • 3 days | 88.39 | -0.06 | -0.07% |
|
Peace Sour • 2 days | 76.77 | +0.76 | +1.00% | ||
|
Light Sour Blend • 2 days | 79.82 | +0.76 | +0.96% | ||
|
Syncrude Sweet Premium • 2 days | 86.77 | +0.76 | +0.88% | ||
|
Central Alberta • 2 days | 77.17 | +0.76 | +0.99% |
|
Eagle Ford • 3 days | 80.05 | +0.76 | +0.96% | ||
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Oklahoma Sweet • 3 days | 80.00 | +0.75 | +0.95% | ||
|
Kansas Common • 3 days | 73.75 | +0.75 | +1.03% | ||
|
Buena Vista • 4 days | 87.23 | -0.55 | -0.63% |
Breaking News:
Article Archive | Page 1215
Smoke And Mirrors: What Did OPEC Really Agree On?
Oil prices shot up more than 6 percent this week on the news that OPEC reached a deal to cut oil production, but by Friday the rally seemed to be…
Is The Glut Coming To An End? Cushing Stocks Fall To 10 Month Low
Inventory levels at the massive oil storage facility in Cushing, Oklahoma, have fallen to their lowest levels since December 2015, according to Wednesday’s data from the U.S. Energy Information…
Oil Rig Builders Tap Into Offshore Wind Market
With the recent completion of the first wind turbine field off the coast of Block Island, many oil rig developers are shifting their attention to this popular new industry.…
Why Libya Could Completely Derail OPEC’s Deal
As speculators’ heads dizzyingly spin over OPEC’s Wednesday announcement that they will cut output from 33.24 to 32.5 million barrels a day, without noting where the cuts will be…
Why Are Investors Willing To Pay So Much For UK Utilities
National Grid and SSE, two of the UK’s largest utilities, have announced that they are planning to sell all or part of their gas distribution businesses. Prices discussed are well…
Tesla’s Self-Driving Car Continues To Improve
As of September 21st, owners of Tesla cars have been able to update their car’s OS to the latest software version, Tesla 8.0. This update comes packed with…
Gabon Aims To Boost Production After Joining OPEC
At the beginning of July Gabon joined the Organisation of Petroleum Exporting Countries (OPEC) after an absence of more than two decades. Gabonese authorities are looking for enhanced coordination with…
Why Is India Holding Out On The Paris Climate Agreement?
In setting out the framework for greenhouse gas emissions reduction worldwide beyond 2020, the agreement reached by the United Nations Framework Convention on Climate Change (UNFCCC) in Paris last year…
Freeport Bondholders Resist $2 Billion Oil Deal
Shares in Freeport-McMoRan Copper & Gold (NYSE:FCX) reacted negatively to reports that the number one publicly-held copper producer's sale of oil and gas assets could be in trouble. Bloomberg reports…
OPEC Has Just Put A Floor Under Oil Prices
The stunning news of a tentative OPEC agreement out of Algiers caught just about every trader flat-footed. Speculative short positions in oil had been growing, and oil markets and oil…
Mistrust In OPEC Makes For A Sour Deal
Yesterday, after a lot of talk and much speculation the leaders of OPEC emerged from an unofficial meeting at the Algiers energy summit and shocked a lot of people, not…
OPEC Throws Shale a Lifeline
Friday, September 30 2016 In the latest edition of the Numbers Report, we’ll take a look at some of the most interesting figures put out this week in the energy…
Global Energy Advisory September 30th 2016
Politics, Geopolitics & Conflict • OPEC has, against expectations, agreed to freeze its oil output in a much-awaited move to do something deliberate to rebalance oil markets. However, skepticism remains…
Follow The Smart Money To See Where Oil Goes
Crude oil is set to post a strong gain for the week, boosted by a last minute decision by OPEC on September 28 at an informal meeting in Algiers to…
Expert Analysis: A Long Road Ahead For OPEC
• WTI rallied to a weekly high of $48.32 mid-day Thursday following OPEC’s announcement that it will agree to limit production to between 32.5m bpd and 33m bpd at their…
Can Oil Hold Onto OPEC Deal Gains?
Oil held onto gains on Friday afternoon after front month contract rolled over to the December contract. (Click to enlarge)
U.S. Rig Count Rises To 7 Month High
The United States saw a seven-site increase in the domestic oil rig count, making this the fourteenth week of no-decline in oil rigs counts, according to the Baker Hughes weekly…
Will The OPEC Deal Lead To A New Shale Boom?
Is Saudi’s Market Share War Over, Is It On-Hold, or Is It Still Coming? OPEC surprised the markets when word came out that for the first time in eight…
Has Saudi Arabia Pushed OPEC Too Far?
Surely the latest actions by OPEC in Algiers threatens the very core of the cartel, given its members have agreed to something that is going to be extremely difficult to…
How Long Will OPEC Hot Air Continue To Fuel Oil Prices
OPEC shocked the oil markets on Wednesday, moving past their differences to agree on the first collective production cut since the global financial crisis. The surprise agreement sent oil prices…
