 |
Louisiana Light • 3 days | 87.12 | +0.63 | +0.73% | ||
|
Bonny Light • 2 days | 90.15 | +1.75 | +1.98% | ||
|
Opec Basket • 3 days | 88.39 | -0.06 | -0.07% | ||
|
Mars US • 177 days | 81.76 | +2.02 | +2.53% | ||
|
Gasoline • 2 days | 2.765 | +0.006 | +0.23% |
|
Bonny Light • 2 days | 90.15 | +1.75 | +1.98% | ||
|
Girassol • 2 days | 90.85 | +1.82 | +2.04% | ||
|
Opec Basket • 3 days | 88.39 | -0.06 | -0.07% |
|
Peace Sour • 2 days | 76.77 | +0.76 | +1.00% | ||
|
Light Sour Blend • 2 days | 79.82 | +0.76 | +0.96% | ||
|
Syncrude Sweet Premium • 2 days | 86.77 | +0.76 | +0.88% | ||
|
Central Alberta • 2 days | 77.17 | +0.76 | +0.99% |
|
Eagle Ford • 3 days | 80.05 | +0.76 | +0.96% | ||
|
Oklahoma Sweet • 3 days | 80.00 | +0.75 | +0.95% | ||
|
Kansas Common • 3 days | 73.75 | +0.75 | +1.03% | ||
|
Buena Vista • 4 days | 87.23 | -0.55 | -0.63% |
Breaking News:
Article Archive | Page 688
The Oil Sector That Will Suffer The Most
COVID Market Update - Oilfield service providers continue to be hit hard. Having suffered during the last oil price crisis, it looks like this group will not be spared this…
2 Stocks To Consider As Oil Nears $15
Last week, I wrote here that while I was not in the “WTI to $10” camp of doom and gloom for energy, I could see short-term dynamics pushing crude to…
Iran’s Plan To Lure The U.S. Into War
As of April 15th, there were over 2 million confirmed COVID-19 cases globally, with over 127,000 deaths, though the infection rate has been slowing as we witness a flattening of…
U.S. Drillers Shed 260 Rigs In Five Brutal Weeks
Baker Hughes reported on Friday that the number of oil and gas rigs in the US fell again this week by 73, falling to 529, with the total oil and…
Saudi Arabia Slashes Asian Oil Exports By 2 Million Bpd
Saudi Arabia’s oil giant Aramco will be sending 4 million barrels per day (bpd) of its crude to Asia in May, down from the full contractual volumes of 6 million…
Chinese Bargain Hunters Are Stocking Up On Ultra Cheap Crude Oil
Emerging from the coronavirus lockdown, China’s oil refiners are buying ultra-cheap spot cargoes from Alaska, Canada, and Brazil, taking advantage of the deep discounts at which many crude grades are…
Russia And Saudi Arabia Consider Even Deeper Oil Output Cuts
Russia and Saudi Arabia may be ready to enact deeper oil production cuts to stabilize prices, the energy ministers of the two countries said in a joint statement. The two…
Oil Demand Won’t Bounce Back Anytime Soon
Oil demand is expected to be down by nearly 30 million barrels per day (mb/d) in April and down by almost 10 mb/d for the entire year, according…
EV Sales Could Crash By 43% This Year
By now, it should be clear to everyone: the fallout of the coronavirus pandemic is killing both the energy and transportation industries, and now the future of EVs…
The Big Shale Short: Twitter Traders Make Millions On The Oil Price Crash
If one day Hollywood picks up a movie to make about this year’s decline in the U.S. oil industry, it could call it ‘The Big Shale Short,’ after the 2015…
True Energy Independence Won’t Come From Oil
American energy independence was a hot topic towards the tail-end of 2019 before the global coronavirus pandemic, but the oil price war threw a monkey wrench…
U.S. Oil Major Voluntarily Cuts 200,000 Bpd
ConocoPhillips is reducing its 2020 capital expenditure for the second time in one month and is curtailing some production in Canada and the U.S. until market conditions improve, the oil…
The Real Winner Of The OPEC+ Output Deal
As of April 15, Mexico, the world’s 10th-most populous country, had recorded 5847 cases and 449 deaths related to COVID-19, far behind the figures reported by its northern neighbor, the…
Coronavirus Causes Mass Layoffs In Renewables Sector
The renewable energy industry has not been spared by the significant job bleed that the coronavirus pandemic caused in the world’s biggest economy. Last month alone, 106,000 people from this…
China Is Stocking Up On Cheap LNG
COVID-19 is causing an unprecedented global economic crisis which also affects the LNG industry. In February China’s lockdown seemed to contain the outbreak of the virus but the ensuing pandemic…
Trump Could Still Slap Tariffs On Foreign Oil
Despite the unprecedented global oil production cut agreement from last week, the United States may still impose tariffs on oil imports, Bloomberg reports, citing a Washington official. “It continues to…
Coronavirus Has Wiped Out A Decade Of Oil Demand Growth
Just days after the largest production cut in history, WTI fell below $20 per barrel. The oil world was hyper-focused on what OPEC+ might do over…
What’s Holding The Renewable Revolution Back?
For at least the last decade, renewable energy seems to have been accelerating at a ferocious pace. Every other day you can read about a new technological breakthrough…
$20 Oil Could Crush Brazil’s Offshore Oil Boom
Brazil has suspended its 17th licensing round which would have seen the state oil regulator ANP offering 128 offshore exploration blocks throughout the country, fearing that the plummeting oil prices…
Oil Price Crash Is Upending The Petrochemicals Industry
While the U.S. shale production decline is the immediate outcome of the price collapse, low crude oil prices have triggered a chain of events in the energy markets…
