 |
Louisiana Light • 2 days | 82.90 | -0.55 | -0.66% | ||
|
Bonny Light • 1 day | 84.01 | -0.44 | -0.52% | ||
|
Opec Basket • 2 days | 83.74 | -0.05 | -0.06% | ||
|
Mars US • 187 days | 77.26 | -1.51 | -1.92% | ||
|
Gasoline • 10 mins | 2.509 | -0.035 | -1.37% |
|
Bonny Light • 1 day | 84.01 | -0.44 | -0.52% | ||
|
Girassol • 1 day | 84.95 | -0.49 | -0.57% | ||
|
Opec Basket • 2 days | 83.74 | -0.05 | -0.06% |
|
Peace Sour • 7 hours | 71.58 | -0.10 | -0.14% | ||
|
Light Sour Blend • 7 hours | 74.63 | -0.10 | -0.13% | ||
|
Syncrude Sweet Premium • 7 hours | 81.58 | -0.10 | -0.12% | ||
|
Central Alberta • 7 hours | 71.98 | -0.10 | -0.14% |
|
Eagle Ford • 2 days | 74.96 | +0.37 | +0.50% | ||
|
Oklahoma Sweet • 2 days | 75.00 | +0.50 | +0.67% | ||
|
Kansas Common • 7 days | 69.25 | -3.00 | -4.15% | ||
|
Buena Vista • 2 days | 83.20 | +0.37 | +0.45% |
Article Archive | Page 674
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…
From Boom Town To Ghost Town: Texas Grapples With Low Oil Prices
Times are tough in the Permian Basin. The massive shale play that stretches across West Texas and southeastern New Mexico has gone from boom to bust in a…
Morgan Stanley Expects $40 Brent By Christmas
Morgan Stanley expects Brent crude to trade at $40 a barrel by the end of the year thanks to the recovery in demand, which has taken off faster than the…
Oil Slides As Russia Plans To Raise Production
Reports that Russia plans to start easing oil production cuts after the end of June arrested the oil price rally, keeping WTI below $35 a barrel. WTI slid 0.3 percent…
Will U.S. Shale Survive If Oil Hits $40?
Within a month, the U.S. oil benchmark West Texas Intermediate recorded two first-of-a-kind events. First, it fell below zero on April 20. Then, it soared up so high…
U.S. LNG Investment Suffers As Demand Dwindles
U.S. natural gas exports are starting to run into trouble, with dozens of shipments canceled because of weak demand. Roughly 45 LNG cargoes scheduled for export…
5 Points To Consider Before Buying Oil Stocks In 2020
If you are among those who are somewhat contrarian in nature and are ready to rush in and buy oil and gas stocks when they are…
What Does The Work From Home Movement Mean For Oil?
A few days ago, Facebook joined Twitter in embracing remote work as a permanent option for many of its employees. In a decade, Mark Zuckerberg said, half of…
Germany Aims To Become World’s Hydrogen Hotspot
The energy transition can be compared to a marathon instead of a sprint. As the costs of photovoltaic cells and wind turbines have significantly decreased, decarbonizing the economy has become…
