 |
Louisiana Light • 3 days | 84.39 | +0.14 | +0.17% | ||
|
Bonny Light • 2 days | 84.45 | -0.41 | -0.48% | ||
|
Opec Basket • 3 days | 84.23 | -2.94 | -3.37% | ||
|
Mars US • 183 days | 77.26 | -1.51 | -1.92% | ||
|
Gasoline • 1 day | 2.555 | -0.041 | -1.59% |
|
Bonny Light • 2 days | 84.45 | -0.41 | -0.48% | ||
|
Girassol • 2 days | 85.44 | -0.34 | -0.40% | ||
|
Opec Basket • 3 days | 84.23 | -2.94 | -3.37% |
|
Peace Sour • 2 days | 72.15 | -0.05 | -0.07% | ||
|
Light Sour Blend • 2 days | 75.20 | -0.05 | -0.07% | ||
|
Syncrude Sweet Premium • 2 days | 82.15 | -0.05 | -0.06% | ||
|
Central Alberta • 2 days | 72.55 | -0.05 | -0.07% |
|
Eagle Ford • 3 days | 75.43 | -0.05 | -0.07% | ||
|
Oklahoma Sweet • 3 days | 75.50 | +0.00 | +0.00% | ||
|
Kansas Common • 5 days | 72.25 | -0.75 | -1.03% | ||
|
Buena Vista • 6 days | 87.60 | -1.22 | -1.37% |
Breaking News:
Article Archive | Page 841
Analysts Are Wrong About This Under-The-Radar U.S. Producer
In mid-2017, California Resources, (CRC), took off like a rocket, reaching a peak of over $50 a share before the world changed in early October of 2018. The…
Why Your Gasoline Won’t Take You As Far As it Used To
Over the weekend, I saw a passing reference on Twitter to the declining energy content of gasoline. Intuitively I know this to be correct for reasons I discuss below. But the…
Norway’s $1-Trillion Oil Fund Has Best Quarter Ever On Rising Crude Prices
The world’s largest sovereign wealth fund—Norway’s US$1-trillion fund that has amassed its wealth from oil—earned US$84 billion in Q1 in the “strongest quarter ever”, boosted by technology and oil and…
The Oil Bears Are Back
Oil is turning bearish, despite all the speculative excitement of taking more Iranian crude off the market. The end of Iran sanctions waivers was officially on Thursday, but while oil…
An Oil Supply Glut Is Looming
1. Futures depict emerging oil supply glut (Click to enlarge)- Oil futures slipped into contango in the fourth quarter, a…
Is It Time To Buy The Tesla Bounce?
I last wrote here about Tesla (TSLA) on March 1st. Back then, after the company announced cuts to sales and marketing staff, I said that investors should take that, and…
Alberta Prepares Its Oil Weapon
Politics, Geopolitics & Conflict- Newly sworn in Alberta Premier Jason Kenney signed into law a bill that gives the province the option to simply close the taps on…
Momentum Slows In Oil Markets As Inventories Soar
U.S. West Texas Intermediate and international-benchmark crude oil futures are in a position to finish lower for the week. WTI is down about 2.8% and Brent is off by about…
Has The Oil Rally Reached Its Limit?
Despite various bullish geopolitical and fundamental factors, bearish sentiment appears to have reentered the market after a particularly long rally. (Click to enlarge)
Sliding Oil Rig Count Props Up Oil Prices
The the number of active oil and gas rigs fell slightly in the United States this week according to Baker Hughes, after two large drops in the two previous…
Oil Market Is Set To Become Very Tight Later This Year
Brent Crude futures prices for later this year suggest that the oil market is undersupplied, despite recent rises in U.S. crude oil inventories that sent spot oil prices plunging…
Saudi Plans Leak: Riyadh May Raise Oil Production, But Not Exports
Saudi Arabia may pump more oil next month but this does not necessarily mean it will raise exports as well, Reuters reports, citing sources familiar with Riyadh’s plans. The…
Venezuelan Oil Production Could Plunge To Zero
The oil markets are shrugging off the threat to global oil supplies from Iran and Venezuela, with rising U.S. inventories assuaging concerns about market tightness. The failed coup attempt in…
BP CEO: Trump Is The Wild Card In Oil Markets
More than a week after the U.S. announced that it was ending all sanction waivers for Iranian oil customers, President Donald Trump’s policy toward Iran is still the key wild…
What’s Behind The Mid-Week Oil Price Crash
Oil prices crashed mid-week on news that U.S. crude oil inventories spiked, offering evidence that the oil market is not as tight as expected only a few…
Has OPEC Reached Its Real Output Cut Goals?
OPEC production estimates from a couple of surveys are in and they suggest the cartel, despite its best efforts, has not been completely successful in its efforts to drive prices…
Mexico Puts The Squeeze On Fuel Theft
Pemex is struggling--to put it lightly. Petroleos Mexicanos, Mexico’s long-mismanaged state-owned oil company, has been bleeding money as its production levels have fallen to a trickle of their former production…
Will China Be Able To Meet Its Lofty Nuclear Power Goals?
Chinese representatives had a lot to say at this month’s 2019 Spring International Summit at China's Nuclear Energy Sustainability Forum in Beijing. Yu Jianfeng, chairman of the China National Nuclear…
Shell Beats Estimates And Rivals In Strong Q1
Royal Dutch Shell (NYSE: RDS.A), one of the last supermajors to report Q1 earnings, was the one that stood out among the crowd with better-than-expected results, as its trading…
Oil Prices Tank On Record U.S. Production, Surging Inventories
Oil prices plunged early on Thursday to the lowest in a month after U.S. government data showed on Wednesday that inventories hit their highest since September 2017 and production soared…
