 |
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 • 10 mins | 2.575 | -0.002 | -0.09% |
|
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 • 17 hours | 75.13 | -0.70 | -0.92% | ||
|
Light Sour Blend • 17 hours | 78.18 | -0.70 | -0.89% | ||
|
Syncrude Sweet Premium • 17 hours | 85.13 | -0.70 | -0.82% | ||
|
Central Alberta • 17 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 683
When Will U.S. Oil Storage Reach Its Limit?
1. EM currencies hold up against oil- Sixteen of 25 emerging market currencies analyzed by…
The Problem With OPEC's Production Cut
Market Movers - While the market waits for the critical OPEC+ production cut deal to kick in, early data on OPEC’s April production suggests that it hit 13-month highs in…
An Extraordinary Trade For Extraordinary Times
There can be no doubt that we are living in strange times. Looking like a bandit when we leave our house has passed from behavior that is considered reprehensible to…
The Oil Nations On The Brink Of Collapse
Global upheaval is likely to result from the oil price crash, upending the current fragile balance of power because key oil-producing countries, including Iraq and Nigeria, can’t buy their way…
ExxonMobil Reports First Quarterly Loss Since 1999
ExxonMobil (NYSE: XOM) reported on Friday a surprise first-quarter loss on the back of hefty write-downs amid the oil price plunge, posting its first quarterly loss since the 1999 merger of Exxon…
CO2 Emissions Expected To Fall To 8-Year Lows
The International Energy Agency expects carbon dioxide emissions to decline by 8 percent this year due to the devastation the coronavirus wreaked on energy demand. The agency said in the…
Federal Reserve Extends Lifeline To Ailing U.S. Oil Industry
The Federal Reserve made some changes to its Main Street Lending Program according to a Thursday press release by the central bank that will now extend a much-needed lifeline…
The Oil Wells That Will Never Recover
It is very common today to read about shutting-in of producing oil and gas wells to reflect the reality there are fewer and fewer places
The Wave Of Shale Well Closures Has Finally Begun
U.S. shale oil producers have so far held up admirably, hanging on for dear life amidst the biggest oil demand collapse in history. American producers continued to pump at record…
Are Mandatory Output Cuts The Only Way To Save U.S. Oil?
The United States has been on the opposite side of the OPEC oil cartel for decades in a great battle between the free market and supervised production levels. …
Why Shell Slashed Its Dividends
Royal Dutch Shell cut its dividend for the first time since 1945, cutting its payout by two-thirds. While U.S. shale drillers face the prospect of near-term bankruptcy, the oil…
Is The $110 Trillion Renewable Revolution Feasible?
A new report from the International Renewable Energy Agency (IRENA) show that, to save the planet, a massive transformation of the world’s energy system will need to occur, in which…
Chinese Investors Lost $1 Billion In Epic Oil Price Crash
For many decades, the Chinese financial markets remained a tightly controlled affair that, for the most part, locked out foreign and exotic investments. That started to change during…
Elon Musk Eyes A $750 Million Payday
Tesla's Elon Musk could soon be taking $750 million through his unique pay structure offering him zero in salary or cash bonus. Tesla's stock has been breaking the shackles…
Covid-19 Set To Wipe Out $1 Trillion In Oil Production Revenues
Oil and gas exploration and production (E&P) companies around the world are set to see their total annual revenues plunge by a whopping US$1 trillion this year, due to the…
How Trump Convinced Saudi Arabia To End The Oil Price War
U.S. President Donald Trump was so intent on saving the American oil industry that he told the Saudi crown prince that unless the Kingdom stopped the oil price war and…
Shell Announces First Dividend Cut Since WWII
The coronavirus pandemic will change the world and the oil industry forever, oil and gas supermajor Shell said on Thursday as it slashed its dividend for the first time since…
U.S. Oil Storage May Have Room For ‘’Several Hundred Million Barrels’’
The U.S. is working on ways to expand storage space to add several hundred million more barrels to it, Treasury Secretary Steven Mnuchin said at a White House briefing, as…
Oil Rallies On Signs Of A Global Reopening
Oil prices rose early on Wednesday on a spate of relatively positive news. The most obvious for the oil market was the smaller-than-expected build in crude inventories reported by…
Oil Pirates Have A New Favorite Hotspot
Gone are the days when Somalia's Gulf of Aden was considered the most dangerous piracy zone for oil companies and other seafarers. But now, with offshore oil storage bursting at…
