 |
WTI Crude •11 mins | 39.50 | -1.61 | -3.92% |
|
Brent Crude •10 mins | 41.64 | -1.51 | -3.50% |
|
Natural Gas •10 mins | 1.845 | -0.203 | -9.91% |
|
Mars US •22 hours | 41.41 | -0.31 | -0.74% |
 |
Opec Basket •4 days | 42.98 | +0.91 | +2.16% |
|
Urals •4 days | 41.75 | +1.75 | +4.38% |
|
Louisiana Light •4 days | 42.59 | +0.05 | +0.12% |
|
Marine •4 days | 42.89 | +1.20 | +2.88% |
|
Murban •4 days | 43.31 | +1.30 | +3.09% |
|
Iran Heavy •4 days | 41.05 | -0.14 | -0.34% |
|
Basra Light •4 days | 44.86 | -0.33 | -0.73% |
|
Saharan Blend •4 days | 42.20 | -0.27 | -0.64% |
|
Bonny Light •4 days | 42.60 | +0.12 | +0.28% |
|
Canadian Crude Index •3 days | 29.22 | +0.00 | +0.00% |
|
Western Canadian Select •14 hours | 33.07 | -0.65 | -1.93% |
|
Canadian Condensate •14 hours | 40.32 | +0.10 | +0.25% |
|
Premium Synthetic •14 hours | 41.72 | +0.10 | +0.24% |
|
Sweet Crude •14 hours | 38.07 | +0.10 | +0.26% |
|
Peace Sour •14 hours | 37.02 | +0.10 | +0.27% |
|
Louisiana Light •4 days | 42.59 | +0.05 | +0.12% |
|
Domestic Swt. @ Cushing •4 days | 37.50 | +0.00 | +0.00% |
|
Giddings •4 days | 31.25 | +0.00 | +0.00% |
|
ANS West Coast •5 days | 41.78 | +0.67 | +1.63% |
|
West Texas Sour •4 days | 35.06 | +0.14 | +0.40% |
|
Eagle Ford •4 days | 39.01 | +0.14 | +0.36% |
Breaking News:
Article Archive | Page 2
Has Oil Demand Peaked?
1. BP sees oil demand already at a peak- BP (NYSE: BP) made major
Oil Rallies Despite Bearish Demand Forecasts
COVID Market Update Oil prices perked up this week, buoyed by both OPEC developments and Hurricane Sally. That is despite BP’s pessimistic 2020 edition of its annual outlook that suggests…
Should You Buy Into This Oil Rally?
I don’t want to sound like I’m whining here, but my job is pretty difficult right now. I get paid to watch markets and give my opinion on them, something…
A Major Power Play In Libya
Libya: A New Twist to Haftar’s Power Play Turkey would like the world to think that the resignation of the eastern government this week signifies the weakening of…
String Of Bullish News Sends Oil Rallying Above $40
Oil prices were set for a weekly gain early on Friday, capping a week of several days of gains that saw both benchmarks rebound to above $40 a barrel. …
Bullish Goldman Sachs Expects Brent To Hit $49 By Year-End
Goldman Sachs is bullish on oil, expecting the market to be in a deficit of around 3 million barrels per day (bpd) by the fourth quarter and Brent Crude prices…
Russian Oil Minister: Global Oil Inventories Are In Decline
Global inventories of crude oil declined by 45 million barrels in August after a 34-million-barrel reduction in July, Russia’s Energy Minister Alexander Novak said in a TV interview. "Reserves…
Oversupply Adds To Grim Oil Demand Outlook
OPEC and the International Energy Agency delivered bad news for the oil market this week. Both authorities revised their oil demand forecasts for this year, and both revised…
Oil Prices Rise As Saudi Arabia Keeps OPEC Members In Check
Oil prices rose on Thursday in the third day of positive price movements for the commodity, as the market responds favorably to OPEC’s meeting chatter. WTI crude prices rose by…
Is This The Final Nail In Coal’s Coffin?
Coal headlines this summer have been uniformly doom-and-gloom, with stories like “Renewables surpass coal in US energy generation for first time in 130…
Lower Oil Production Hits Pipeline Operators Hard
Just two years ago, U.S. pipeline operators were rushing to build pipelines in Texas to move surging Permian oil and gas production to the refining and export centers…
A Wave Of Consolidations Hit Canada’s Oil Patch
A vicious one-two-three punch that started with a gloomy long-term future outlook due to rampant fossil fuel divestments, climate change policies, and decarbonization as well as shorter-term—but severe—shocks from the…
The $60 Trillion Price Tag For A World With Net-Zero Emissions
The world can achieve net-zero greenhouse gas emissions by the middle of this century for an annual investment of US$1 trillion-US$2 trillion, or up to US$60 trillion over the next…
U.S Keeps Top Crude Oil Producer Status
Despite oil production curtailments earlier this year that are not fully back online, the United States maintained its global status as the leading supplier of crude oil in July, ahead…
Iraq Ships More Crude Oil Despite OPEC Output Cut Pledge
Iraq has shipped more crude oil abroad so far this month, tanker-tracking data compiled by Bloomberg showed, even though OPEC’s second-largest producer has promised time and again in recent…
The Secret To Survival For Canada’s Oil Sands
Globally, there are a multitude of different answers (and even more non-answers) to the economic puzzle of how to account for and financially balance (aka pay for) negative…
Saudis Scold OPEC+ Laggards For Trying To “Outsmart The Market”
The OPEC+ group will allow non-compliant members to take until the end of the year to compensate for their overproduction, Saudi Arabia’s Prince Abdulaziz bin Salman said on Thursday…
OPEC Warns That Second Wave Of COVID Will Derail Demand Recovery
A resurgence in Covid-19 cases in some countries could further dampen oil demand and interfere with a decline in oil inventories, Reuters has reported, citing an internal document of…
What BP Got Wrong About Global Oil Demand
Environmentalists around the world are having a field day this week as international media picks up on the oil market forecasts in the recently released BP Energy Outlook…
Cash-Strapped Iraq To Finally Roll Out Refinery Megaproject
Iraq’s Ministry of Oil and Ministry of Industry and Minerals held a series of meetings over the past week to kick-start the multi-billion dollar Nebras petrochemical plant development project, originally…
