 |
Louisiana Light • 2 days | 84.39 | +0.14 | +0.17% | ||
|
Bonny Light • 22 hours | 84.45 | -0.41 | -0.48% | ||
|
Opec Basket • 2 days | 84.23 | -2.94 | -3.37% | ||
|
Mars US • 182 days | 77.26 | -1.51 | -1.92% | ||
|
Gasoline • 6 hours | 2.555 | -0.041 | -1.59% |
|
Bonny Light • 22 hours | 84.45 | -0.41 | -0.48% | ||
|
Girassol • 22 hours | 85.44 | -0.34 | -0.40% | ||
|
Opec Basket • 2 days | 84.23 | -2.94 | -3.37% |
|
Peace Sour • 21 hours | 72.15 | -0.05 | -0.07% | ||
|
Light Sour Blend • 21 hours | 75.20 | -0.05 | -0.07% | ||
|
Syncrude Sweet Premium • 21 hours | 82.15 | -0.05 | -0.06% | ||
|
Central Alberta • 21 hours | 72.55 | -0.05 | -0.07% |
|
Eagle Ford • 2 days | 75.43 | -0.05 | -0.07% | ||
|
Oklahoma Sweet • 2 days | 75.50 | +0.00 | +0.00% | ||
|
Kansas Common • 4 days | 72.25 | -0.75 | -1.03% | ||
|
Buena Vista • 5 days | 87.60 | -1.22 | -1.37% |
Breaking News:
Article Archive | Page 672
Oil Price Rally Breaks Records In May
Early signs of growing demand for crude oil have prompted a market optimism that has led to increased WTI buying, setting the stage for the benchmark’s best-ever monthly performance, Bloomberg
Stocks To Watch As Shale Bounces Back
There is no question that as the oil price dropped in the first quarter of 2020, producers reacted strongly curtailing new drilling, and actually shutting in existing production.…
U.S. Shale Is Living Beyond Its Means
Global investment in energy will fall by $400 billion in 2020, the largest single-year decline in history. U.S. shale will be hit particularly hard, with capex set to…
Deja Vu: OPEC's Recurring Oil Production Dilemma
Two conflicting reports about OPEC's plans for oil production surfaced earlier this week--both citing unnamed sources. One set of sources claimed that Russia was considering…
The Oil Storage Crisis Is Far From Over
It’s more than a month since the oil markets sunk to a nadir in the mother-of-all market routs. Since then, oil prices have staged an impressive recovery, especially from WTI’s…
Huge Oil Fields Could Help Iran To Seize Saudi Market Share In China
Given that China’s oil demand has now recovered from the COVID-19 outbreak to even higher levels than before, Iran is operating at full tilt to optimise the oil available…
How Long Until Hydrogen Is Competitive At The Pump?
Hydrogen might have a way to break through one of the barriers that keeps it from reaching mass-scale adoption for fuel cell electric cars and trucks. French fuel company
China Scoops Up Cheap Nigerian Oil
The submersion of East Asian markets into coronavirus-induced recession has pulled down several major oil producers, most notably Nigeria whose breakeven price is well above $100 per barrel (Fitch puts…
Saudi Arabia Wants Record Oil Output Cuts To Last Till End 2020
Saudi Arabia and several other members of OPEC are discussing the possibility of extending the current level of OPEC+ production cuts to the end of the year to support the…
U.S. Shale Production Won't Bounce Back Until 2021
It could take a year before U.S. shale production starts to rise again, the chief executive of Precision Drilling Kevin Neveu told Bloomberg. This could happen even if a…
Oil Prices Fall On Bearish EIA Data
The Energy Information poured cold water on oil bull circles this week when it reported a crude oil inventory increase of 7.9 million barrels for the week to May…
Oil Prices Stabilize On Rumors Of An OPEC+ Extension
Oil traded flat on Thursday morning following yesterday’s correction driven by Saudi Arabia and other OPEC members signaling that they are considering extending the huge output cuts until…
Will There Be Another Oil Price War?
Two months ago, Russia said no to Saudi Arabia's proposal for deeper oil production cuts. It was enough to start a price war that, coinciding with the Covid-19 pandemic, wiped…
Have Oil Traders Abandoned Fundamentals?
Oil prices are back at levels last seen in mid-March, and while fundamentals for crude have improved somewhat, markets have become too optimistic Market euphoria continues to push financial markets…
U.S. Hydropower Disaster Causes $1 Billion In Damages
A catastrophic dam failure at a Michigan hydropower facility this month has left thousands stranded, highlighting the fact that when it comes to clean energy, it’s not all…
Europe’s Gas Glut Could Hit Global LNG Market Hard
Unquestionably the current global health situation is going to cause a severe economic crisis not seen since the Great Depression. This is already apparent in the dramatic decrease in demand…
Russia To Expand Influence In Iraq’s Oil Heartland
With Rosneft having effectively taken control of Kurdistan’s oil and gas sector in northern Iraq through the deal done in November 2017, Russia had been looking to leverage this presence…
The Trillion Dollar Space Race Crosses Another Milestone
On October 3rd, 1942, Germany’s V-2 A4 rocket became the first-ever man-made object to reach space. 15 years and one day later, the Sovie Union launched Sputnik into…
Trump Wants To Mediate In Escalating Conflict Between Asian Superpowers
U.S. President Donald Trump on Wednesday morning offered to mediate the border dispute between China and India. We have informed both India and China…
Oil Markets Could Soon Face A Devastating Supply Crunch
Concerted production cuts by OPEC+ and IOCs have largely been canceled out by a sharp fall in global oil demand from a record peak of >100 mbd to…
