 |
Louisiana Light • 4 days | 83.49 | +0.98 | +1.19% | ||
|
Bonny Light • 1 day | 83.98 | -0.36 | -0.43% | ||
|
Opec Basket • 4 days | 83.54 | +1.04 | +1.26% | ||
|
Mars US • 7 hours | 79.49 | -0.34 | -0.43% | ||
|
Gasoline • 12 mins | 2.490 | +0.003 | +0.12% |
|
Bonny Light • 1 day | 83.98 | -0.36 | -0.43% | ||
|
Girassol • 1 day | 83.94 | -0.65 | -0.77% | ||
|
Opec Basket • 4 days | 83.54 | +1.04 | +1.26% |
|
Peace Sour • 4 hours | 75.54 | -0.04 | -0.05% | ||
|
Light Sour Blend • 4 hours | 76.44 | -0.04 | -0.05% | ||
|
Syncrude Sweet Premium • 4 hours | 80.04 | -0.04 | -0.05% | ||
|
Central Alberta • 4 hours | 75.69 | -0.04 | -0.05% |
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Eagle Ford • 1 day | 80.34 | +0.16 | +0.20% | ||
|
Oklahoma Sweet • 1 day | 79.00 | +0.25 | +0.32% | ||
|
Kansas Common • 4 days | 72.50 | +1.00 | +1.40% | ||
|
Buena Vista • 4 days | 87.47 | +0.97 | +1.12% |
Breaking News:
Article Archive | Page 7
Oil Prices Charge Higher As Bullish Sentiment Builds
Following the OPEC+ decision to maintain its production increases at 400,000 bpd per month, very few bearish factors remain in oil markets to keep prices from charging higher.
Coal Is Making A Comeback In Europe As Gas Prices Explode
As European gas prices have continued their surge throughout the past couple of weeks, the role and importance of coal has sparked a…
U.S. Shale Giant Says OPEC Controls Oil Prices
Unlike in previous years, the U.S. shale patch will not have a large say in where oil prices will be going in the coming months. Currently, control over the market’s…
Gas Prices In Europe Are Now The Equivalent Of $205 Oil
The benchmark European gas prices continue their rally this week, surging to new record highs on Tuesday to an equivalent of $205 a barrel oil, amid a wider energy commodity…
Aramco: Gas Crunch Boosts Oil Demand By 500,000 Bpd
The natural gas crunch has increased global oil demand by 500,000 bpd, the chief executive of Saudi Aramco said at this week's Energy Intelligence Forum. "There is higher demand," Nasser…
WTI Crude Oil Price Hits 7-Year High
The benchmark U.S. oil price jumped on Tuesday morning, hitting the highest level in seven years after OPEC+ decided to continue making only small monthly additions to oil supply. …
The Real Reason OPEC+ Refused To Boost Production Further
A year ago, the oil industry was struggling to stay afloat, with OPEC producers being told they were becoming increasingly irrelevant in a world set on a renewable…
Natural Gas Stocks To Watch As The Energy Crisis Goes Global
The oil sector has lately been hogging the limelight after a spectacular recovery that has seen the sector become one of the top performers in the current year.…
The Oil Major Primed To Profit In The Permian
The Euro majors have been shrinking their legacy high carbon portfolios to transition their product mix to meet the lower carbon climate goals of the Paris Accord
Saudi Arabia Showers In Oil Revenues Again
Saudi Arabia’s oil revenues are flowing in at the highest rate in three years, Bloomberg reports, thanks to the strong price recovery since the start of this year. Revenues…
Libya’s Oil Sector Descends Into Chaos As Deputy-Minister Resigns
The resignation of Libya’s deputy oil minister, Refaat al-Abbar, last week threatens to make the current uneasy situation in Libya’s oil sector even worse. With close ties to…
China Can’t Keep Up With Surging Energy Demand
Much is being made of Beijing’s efforts to meet its environmental emissions targets — the country states it will hit peak emissions before 2030 and carbon neutrality by…
The Global Supply Chain Crisis Could Last Until 2023
Global central bankers have been out and about continuing to promote a narrative that inflation is "transitory." We've seen it from the likes of Powell, Lagarde, Bailey, and…
American Oil Drillers Are Facing A Sharp Rise In Costs
U.S. oil producers, especially those active in shale, have been hailed for sticking to a strict financial discipline amid the pandemic-driven crisis and for changing their focus from…
World's Largest Commodity Traders Burned By Massive Wrong Bets On Natural Gas
Just one week ago, we highlighted the first victim of the latest "rogue wave" in global natural gas markets. As Miami-based Statar Capital gave up its "hefty…
OPEC+ Meeting Ends With Minor Oil Production Hike
The OPEC+ meeting has ended with rather disappointing news for those that were hoping for a surprise increase in oil production. The group has agreed to keep the production plans…
Oil Prices Jump As OPEC+ Holds Firm On 400,000 Bpd Production Hike
Oil prices jumped early on Monday after reports started to emerge that the Joint Ministerial Monitoring Committee (JMMC) of the OPEC+ alliance recommended to the ministers to stick to the…
OPEC+ Set To Stick To Plan To Ease Oil Production Cuts
The OPEC+ alliance is widely expected to keep their current plans of easing the collective oil production cuts as the group gathers for its monthly meeting today. OPEC+ decided in the…
From Disaster To Dreamland: Gulf Economies Are Exploding in 2021
Last year, deep in the throes of the energy crisis, Gulf nations led by Saudi Arabia constantly touted the strength of their economies, claiming they
America’s Oil Capital Is Diving Into The Crypto Space
Oil and gas firms have been using blockchain technology and working with digital start-ups to modernise and improve efficiency across operations at an increasing rate. As blockchain booms,…
