 |
Louisiana Light • 2 days | 86.79 | -0.77 | -0.88% | ||
|
Bonny Light • 2 days | 88.04 | -0.81 | -0.91% | ||
|
Opec Basket • 3 days | 88.72 | +0.00 | +0.00% | ||
|
Mars US • 180 days | 77.26 | -1.51 | -1.92% | ||
|
Gasoline • 12 mins | 2.576 | -0.002 | -0.07% |
|
Bonny Light • 2 days | 88.04 | -0.81 | -0.91% | ||
|
Girassol • 2 days | 89.07 | -0.57 | -0.64% | ||
|
Opec Basket • 3 days | 88.72 | +0.00 | +0.00% |
|
Peace Sour • 16 hours | 75.13 | -0.70 | -0.92% | ||
|
Light Sour Blend • 16 hours | 78.18 | -0.70 | -0.89% | ||
|
Syncrude Sweet Premium • 16 hours | 85.13 | -0.70 | -0.82% | ||
|
Central Alberta • 16 hours | 75.53 | -0.70 | -0.92% |
|
Eagle Ford • 2 days | 78.41 | -0.70 | -0.88% | ||
|
Oklahoma Sweet • 2 days | 78.25 | -0.75 | -0.95% | ||
|
Kansas Common • 2 days | 72.25 | -0.75 | -1.03% | ||
|
Buena Vista • 3 days | 87.60 | -1.22 | -1.37% |
Breaking News:
Article Archive | Page 681
Morgan Stanley Says The Worst Is Over For Oil
The worst for oil is over, but the road to recovery will be long and windy, Bloomberg’s Javier Blas tweeted, citing Morgan Stanley analysts. According to them, April was the…
Saudi Arabia Succeeds In Seizing Oil Market Share From Key Rivals
The Saudi-Russian oil price war may be officially over with the new, historic, OPEC+ deal, but Saudi Arabia has continued to aggressively pursue additional market share in Asia and managed…
Oil Prices Bounce Back On Smaller-Than-Expected Crude Build
The Energy Information Administration reported a crude oil inventory build of 4.6 million barrels for the week to April 24, after a 9-million-barrel build the previous week. This compared…
Oil Prices Fall As 20 Million Americans Lose Their Jobs
After a five-day streak of gains, oil prices reversed course early on Wednesday after a dismal U.S. jobs report and ahead of EIA’s weekly inventory report which will shed light…
This Could Be The Beginning Of A Tremendous Oil Rally
If you’re a fan of oil, and I expect you are seeing as how you’re reading articles on OilPrice, get ready for a positive forecast about oil prices…
Is An Oil Supply Shortage Inevitable?
Oil prices are rising as supply shut ins mount and oil demand seems to be turning a corner. Some oil market analysts even warn that a supply deficit…
Is It The Right Time To Buy Into The Oil Price Rally?
After a heavy dose of doom and gloom, the oil markets seem to be finally getting their footing back. Crude prices have almost fully retraced their historic nosedive…
Will The World’s Largest Oil Company Cut Its Dividend?
It is becoming increasingly clear that the ongoing oil demand destruction, COVID-19 lockdowns and financial crisis are going to significantly impact Saudi Arabia. In a dramatic appearance, Saudi Minister of…
Why Russia Finally Accepted Deeper Oil Output Cuts
When Russia refused two months ago to join the deeper OPEC oil cuts, it was because Moscow found them unnecessary. Two months later, Russia agreed to cut quite…
Supply Destruction Could Send Oil To $70
The current dramatic cuts in exploration and production will have a long-lasting impact on the global oil market, with oil prices spiking to above $68 a barrel in 2025, when…
The Worst May Be Over For Oil
Oil prices jumped on Tuesday morning as demand appears to be slowly returning while non-OPEC supply continues to go offline. (Click to enlarge)
Russia And China Are Battling For Influence In Oil Rich Iraq
With the U.S.’s patience wearing thin on its dealings with neighbouring Iran, endemic corruption still prevalent in both the south of the country and in the northern semi-autonomous…
Could Renewable Spending Solve The Unemployment Crisis In Oil?
Last week the World Economic Forum published a report imploring the energy industry to use this unprecedented disruption of the status quo to consider building a “
Aviation Crisis Could Cause Lasting Damage To Oil Markets
Last Friday, Warren Buffett served a new blow to an already troubled industry, shaking it to the core: The celebrity investor announced that…
U.S. Oil Prices Rally To $25 As Demand Picks Up
Oil prices surged early on Tuesday, heading for a fifth consecutive day of gains, amid signs that demand is crawling back up with eased lockdowns in some U.S. states and…
The Texas Oil Production Cut Plan Is Dead
Ryan Sitton, the Texas Railroad Commissioner who first floated the idea of state-mandated oil production cuts, has thrown in the towel after failing to convince his two co-commissioners…
Will Oil Markets Ever Recover?
Oil companies, oil refiners, and oil traders believe that the worst of the demand destruction is already behind us. But the jury is still out on how long…
Oil Majors Take On More Debt To Fund Dividends
Exxon posted its first quarterly loss in more than 30 years. But even as debt mounts and questions arise about peak oil demand, the oil supermajor nevertheless vowed…
Goldman Sachs Predicts $51 Oil In 2021
Goldman Sachs raised its estimate for WTI Crude prices in 2021 to $51.38 per barrel from $48.50, expecting a gradual recovery in global oil demand and production cuts from OPEC+ and…
Shell Has A Dire Warning For Oil Markets
After months of a deep and harrowing slide, fuel demand across the world is finally starting to sputter back to life. Traffic data, pipeline…
