 |
Louisiana Light • 4 days | 88.38 | +1.26 | +1.45% | ||
|
Bonny Light • 1 day | 88.85 | -1.30 | -1.44% | ||
|
Opec Basket • 4 days | 89.19 | +0.80 | +0.91% | ||
|
Mars US • 179 days | 77.26 | -1.51 | -1.92% | ||
|
Gasoline • 2 hours | 2.746 | -0.003 | -0.11% |
|
Bonny Light • 1 day | 88.85 | -1.30 | -1.44% | ||
|
Girassol • 1 day | 89.64 | -1.21 | -1.33% | ||
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Opec Basket • 4 days | 89.19 | +0.80 | +0.91% |
|
Peace Sour • 6 hours | 75.83 | -1.22 | -1.58% | ||
|
Light Sour Blend • 6 hours | 78.88 | -1.22 | -1.52% | ||
|
Syncrude Sweet Premium • 6 hours | 85.83 | -1.22 | -1.40% | ||
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Central Alberta • 6 hours | 76.23 | -1.22 | -1.58% |
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Eagle Ford • 4 days | 80.33 | +0.28 | +0.35% | ||
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Oklahoma Sweet • 4 days | 80.25 | +0.25 | +0.31% | ||
|
Kansas Common • 4 days | 74.00 | +0.25 | +0.34% | ||
|
Buena Vista • 5 days | 88.22 | +0.99 | +1.13% |
Breaking News:
Article Archive | Page 1801
High Inventories Keep Crude Oil Prices from Advancing on Week
Oil Market Summary for 04/05/2010 to 04/09/2010. Crude oil prices ended the week virtually unchanged from a week ago as optimism about demand warred with trepidation about historically high inventories…
Chinese Base Metal Stockpiles are Reaching Epic Levels - How will this Affect Prices
A couple of interesting data points the last few weeks, on commodities oversupply. Last week CBI China reported that Chinese base metal stockpiles are reaching epic levels. CBI surveyed commercial…
The End of European Expansion and the Coming Debt Wars
Government debt in Greece is just the first in a series of European debt bombs that are set to explode. The mortgage debts in post-Soviet economies and Iceland are more…
Alaska Pipeline Project May Cost as Much as $40 Billion
Two competing projects for a natural gas pipeline from Alaska to the lower 48 states put the cost somewhere between $32 billion and $40 billion, even as the explosion of…
Floating Alternative to Nabucco Pipeline Moving Toward Implementation
Romania, Azerbaijan, and Georgia on April 13, 2010, took a major step toward the implementation of a substitute energy distribution network to substitute for the US-backed Nabucco strategic gas pipeline…
A Floating Alternative to Nabucco Undercuts Potential Disruptions to EU Energy Supplies
In late February 2010, Romania, Azerbaijan, and Georgia finalized an agreement on the direct export of Azerbaijani natural gas to Romania. This has profound ramifications for halting Turkey’s ability to…
Are We Heading for a Decade of 1970s Style Stagflation?
Four key factors in the 1970s were very different from present conditions, and that argues against 1970s-style stagflation as a model for 2010-2020. Sometimes history rhymes--but only for the first…
Gas Producers Go to the Dark Side
It's finally happening. Gas producers are starting to crack. With the natural gas to oil price ratio running at a nearly-unprecedented 21-to-1 ($86.80 per barrel for crude versus $4.12 per…
Offshore Grid Linking Wind Generators Could Power U.S. East Coast, Study Says
Offshore wind power can power the entire U.S. East Coast in a viable manner if the offshore turbines are spread over a wide area and connected in their own grid…
U.S. Will Lose a Trade War with China
In light of the number of manufacturing and goods producing jobs lost in America over the past decade, it’s no wonder why many in Washington and on Main St. are…
The Ultimate Truth on Preventing Market Abuse. It Can't be Done
I just finished reading a 144-page document from the Committee of European on ways to prevent market abuse. The paper discusses myriad ways regulators can browbeat listed companies into following…
Texas Acquisition Shows Shift of Gas Producers to Oil Investment
SandRidge Energy’s agreement this week to acquire Arena Resources, a producer of conventional oil in West Texas, for $1.6 billion is the latest example of natural gas companies seeking to…
Rio Tinto Case Indicates Chinese Leadership are Confident that Growth Will Continue
When four executives from Rio Tinto, the giant Anglo-Australian mining company, were arrested last July on charges of stealing commercial secrets, as well as taking and receiving bribes from Chinese…
The Moscow Bombing: An Inevitable Victory for Moscow, But a Hard Struggle Ahead
The March 29, 2010, martyr-bombings in the two Moscow Metro stations served as a reminder of the escalating and evolving jihadist surge into Russia’s soft underbelly. The bombing took place…
Crude Prices Surge in Week, but Jobless Figures May Dampen Rise
Oil Market Summary for 03/29/2010 to 04/02/2010 In a week shortened by a holiday, crude oil futures reached an 18-month high, but U.S. jobless data released on Friday while commodities…
The U.S. Government Will No Longer be Propping up the Mortgage Markets. Supposedly
For over a year, the Federal Reserve has been pouring money into American mortgages. Buying "mortgage-backed securities" (MBS), financial instruments whose value is based on a pool of underlying mortgages.…
Tension Builds in the Gulf of Guinea as Competition for Economic Resources Increases
The strategic framework and the correlation of forces in the Gulf of Guinea — one of the most significant and growing energy resource regions of the world — is changing…
Good Day for Oil and Gas Companies as US East Coast Officially Opens for Drilling
On wednesday, the Obama administration announced comprehensive new regulations on offshore oil and gas drilling. Potentially opening some significant new acreage previously off limits to the petroleum industry. Under the…
The Fundamentals of Crude Trading
It would seem that the normal laws of supply and demand would be the foundation for establishing the current market price for commodities like crude; and to some extent this…
U.S. Decision on Offshore Drilling Holds Promise of Future Oil, Brings Immediate Debate
President Barack Obama’s move to lift a moratorium on new offshore drilling leases and to designate further areas for exploration won’t produce much oil in the near future, but is…
