 |
Louisiana Light • 2 days | 84.39 | +0.14 | +0.17% | ||
|
Bonny Light • 1 day | 84.45 | -0.41 | -0.48% | ||
|
Opec Basket • 2 days | 84.23 | -2.94 | -3.37% | ||
|
Mars US • 182 days | 77.26 | -1.51 | -1.92% | ||
|
Gasoline • 9 hours | 2.555 | -0.041 | -1.59% |
|
Bonny Light • 1 day | 84.45 | -0.41 | -0.48% | ||
|
Girassol • 1 day | 85.44 | -0.34 | -0.40% | ||
|
Opec Basket • 2 days | 84.23 | -2.94 | -3.37% |
|
Peace Sour • 24 hours | 72.15 | -0.05 | -0.07% | ||
|
Light Sour Blend • 24 hours | 75.20 | -0.05 | -0.07% | ||
|
Syncrude Sweet Premium • 24 hours | 82.15 | -0.05 | -0.06% | ||
|
Central Alberta • 24 hours | 72.55 | -0.05 | -0.07% |
|
Eagle Ford • 2 days | 75.43 | -0.05 | -0.07% | ||
|
Oklahoma Sweet • 2 days | 75.50 | +0.00 | +0.00% | ||
|
Kansas Common • 4 days | 72.25 | -0.75 | -1.03% | ||
|
Buena Vista • 5 days | 87.60 | -1.22 | -1.37% |
Breaking News:
Article Archive | Page 857
Japan Struggles To Diversify Energy Mix
The percentage of renewables in the global energy mix has risen significantly over the years due to, for example, lower costs for photovoltaic cells. The improved financial position of…
China Can’t Get Enough Of This Discounted Oil
China is taking advantage of steep discounts for Iranian and Venezuelan crude to increase its imports from the two countries sanctioned by the United States, Bloomberg reports, adding that…
Texas Needs 11,000 More Miles Of Pipelines
Texas will need an additional 10,950 miles of oil and gas pipelines to accommodate rising production over the years to 2050, an IHS Markit study quoted by S&P Global…
Sources: Saudis Admit They Want $70 Oil
Saudi Arabia has been signaling for weeks that it is and will be doing whatever it takes to rebalance the oil market by slashing exports and pumping well below its…
Alberta’s Price-Correcting Plan Backfires
When Alberta’s government announced obligatory oil production cuts last December, it was a desperate attempt to arrest a price slide of the local crude benchmark that had led to…
Mexico Scrambles To Save Its Sinking Oil Company
On February 15 President Andrés Manuel López Obrador (AMLO) announced the launch of Pemex’s Strengthening Programme, a six-year plan designed to improve the company’s financial position through the liquidation of…
Trump Boosts U.S. Presence In Taiwan Strait
As Washington and Beijing try to reach a deal after months of disagreement and trade tensions that have impacted not only both countries but the global economy as well as…
Chinese LNG Imports Drop As Winters Nears End
China’s liquefied natural gas (LNG) imports increased in February compared to the same month last year, but fell from the record highs from January as the winter heating season approaches…
Schlumberger Won’t Take New Full-Oilfield Management Projects
Oilfield services provider Schlumberger will focus on monetizing existing full-field production management contracts in the near to medium term and will not undertake new such deals in the meantime, chairman…
World’s 2nd Largest Oil Company Sees Huge Drop In Profit
Sinopec reported a 76-percent drop in its latest quarterly profit for October-December 2018, which is the lowest since at least the third quarter of 2016, Reuters reports, citing the…
Good News And Bad News For The Ethanol Industry
Last week the ethanol industry cheered when the EPA proposed a rule that would allow 15% ethanol blends to be sold year-round. But by the end of the week they…
Russian Troops Land In Oil-Rich Venezuela
Two Russian planes with 100 troops landed in Venezuela this weekend, Reuters reports, citing media reports and flight tracking websites. The move is the latest signal of strengthening ties…
What’s Keeping Oil From Rallying To $75?
WTI recently hit $60 per barrel for the first time since November, driven higher by the OPEC+ cuts, as well as by outages in Venezuela and Iran. Those supply cuts…
A New Trend In Natural Gas: Just-In-Time Supply
U.S. natural gas prices reached the highest maximum level in 4 years this winter. That’s because of a new “just-in-time” gas supply paradigm that relies more on wellhead production than…
What Norway’s Decision To Divest Means For US Shale
After months of deliberations, Norway’s government proposed in March that the country’s US$1-trillion fund—the world’s biggest sovereign wealth fund—divest from oil and gas exploration companies. The move by the…
Oil Markets Ignore Warning Signs Of Looming Recession
When you write about financial markets as I do, being a profit of doom can be a good short-term strategy, and that short-term nature makes it an effective one in…
Russia, U.S. Compete For Asian LNG Market Share
For several years, at least since Donald Trump became president more than two years ago, the U.S. has insisted that American sourced liquefied natural gas (LNG) is the answer for…
How Big Oil Could Become Big Electricity
When Big Oil majors started buying EV charging networks and battery producers, they probably earned some praise for venturing into new business directions away from their increasingly unpopular core business.…
Flurry Of Bearish News Sends Oil Lower
U.S. West Texas Intermediate and international-benchmark Brent crude oil futures are trading lower on Friday, threatening to erase this week’s gains just one day after the markets hit a four-month…
Could Massive Gas Find Help Boost South Africa’s Economy?
Total Exploration and Production Southern Africa recently made a massive offshore gas discovery off the coast of Mossel Bay. First reports of the newly discovered Brulpadda well speculate that the…
