 |
Louisiana Light • 4 days | 71.82 | -0.55 | -0.76% | ||
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Bonny Light • 1 day | 75.68 | +1.81 | +2.45% | ||
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Opec Basket • 4 days | 74.60 | -1.28 | -1.69% | ||
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Mars US • 10 hours | 71.66 | +3.20 | +4.67% | ||
|
Gasoline • 20 mins | 2.678 | -0.006 | -0.22% |
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Bonny Light • 1 day | 75.68 | +1.81 | +2.45% | ||
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Girassol • 1 day | 76.33 | +2.02 | +2.72% | ||
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Opec Basket • 4 days | 74.60 | -1.28 | -1.69% |
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Peace Sour • 2 hours | 67.06 | +3.55 | +5.59% | ||
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Light Sour Blend • 2 hours | 68.36 | +3.55 | +5.48% | ||
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Syncrude Sweet Premium • 2 hours | 77.31 | +3.55 | +4.81% | ||
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Central Alberta • 2 hours | 66.66 | +3.55 | +5.63% |
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Eagle Ford • 4 days | 65.74 | -0.70 | -1.05% | ||
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Oklahoma Sweet • 4 days | 65.50 | -1.00 | -1.50% | ||
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Kansas Common • 27 days | 64.52 | +0.64 | +1.00% | ||
|
Buena Vista • 4 days | 75.42 | -1.20 | -1.57% |
Breaking News:
Arthur Berman
Arthur E. Berman is a petroleum geologist with 36 years of oil and gas industry experience. He is an expert on U.S. shale plays and is currently consulting for several E&P companies and capital groups in the energy sector. During the past year, he made more than 25 keynote addresses for energy conferences, boards of directors and professional societies. Berman has published more than 100 articles on oil and gas plays and trends. He has been interviewed about oil and gas topics on CBS, CNBC, CNN, CBC, Platt’s Energy Week, BNN, Bloomberg, Platt’s, The Financial Times, The Wall Street Journal, Rolling Stone and The New York Times. Berman is an associate editor of the American Association of Petroleum Geologists Bulletin, and was a managing editor and frequent contributor to theoildrum.com. He is a Director of the Association for the Study of Peak Oil, and has served on the boards of directors of The Houston Geological Society and The Society of Independent Professional Earth Scientists. He worked 20 years for Amoco (now BP) and 16 years as consulting geologist. He has an M.S. (Geology) from the Colorado School of Mines and a B.A. (History) from Amherst College.
Latest articles from Arthur
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The U.S. Still Dominates World Oil Prices
World oil prices are controlled by the amount of crude oil stored at Cushing, Oklahoma. That’s because Cushing is the pricing point for WTI (West…
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Horizontal Land Rig Count Summary 26 February 2016
The horizontal rig count fell 18 to 397 while the total land rig count fell by only 14 to 473. It happens sometimes. The biggest…
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Natural Gas Prices Are Unsustainably Low
Every week, the EIA proclaims a new record for natural gas production. But their own forecasts show that the U.S. will be short on supply…
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OPEC Will Not Blink First
An OPEC production cut is unlikely until U.S. production declines by about another million barrels per day (mmbpd). OPEC won’t cut because it would accomplish…
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Rig Count Update: Moment of Truth for the Permian Basin?
The U.S. land rig count fell 17 to 590 and the horizontal land rig count fell 13 to 487. Horizontal Land Rig Count Update This…
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U.S. Land Rig Count 22 Jan 2016
The U.S. land rig count for the week ending 22 January 2016 was 607, down 16, and the horizontal land rig count was 500, down…
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Oil Markets Are Balancing Faster Than IEA Would Have Us Believe
Fundamentals point toward market balance but pessimism is dragging oil prices down. IEA has apparently succumbed to this negativity but their data suggests that things…
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As Rig Count Plunges, Has U.S. Oil Reached Its Capitulation Point?
The big drop in rig count for the week that ended last Friday points to capitulation by U.S. shale drillers. The total land rig count…
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Rig Count: Capitulation?
After last week’s moderate drop in rig count, the amount of horizontal oil rigs seems to implode this week. The U.S. land rig count was…
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Why The U.S. Can’t Be Called A ‘Swing Producer’
Daniel Yergin and other experts say that U.S. tight oil is the swing oil producer of the world. They are wrong. It is preposterous to…
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Lifting The Oil Export Ban Could Be A Short-Sighted Action
Congress ended the U.S. crude oil export ban last week. There is apparently no longer a strategic reason to conserve oil because shale production has…
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Just About Every Part of the Permian Basin is Unprofitable at $30 Per Barrel
Less than 2 percent of Permian basin tight oil wells are commercial at $30 per barrel oil prices. Sorry about that. I know that many…
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This Suggests An Oil Price Recovery Might Be On Its Way
Oil futures prices are below $38 but there is a glimmer of hope in EIA’s Short-Term Energy Outlook (STEO) released today–world consumption increased in November…
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Shale Gas Rig Count Could Implode Here If Prices Don’t Rebound
The Haynesville Shale play needs $6.50 gas prices to break even. With natural gas prices just above $2/Mcf (thousand cubic feet), we question the shale…
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IEA Offers No Hope For An Oil-Price Recovery
The International Energy Agency (IEA) November report offers no hope for an oil-price recovery any time soon. Over-supply and weak demand for oil will dominate through…
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Oil Market Supply Imbalance Getting Worse, Not Better
Oil futures prices (WTI) plunged 12.5 percent this week from $47.90 on Friday, November 3 to $41.96 yesterday morning, November 11. The main reason is…
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Only 1 Percent Of Bakken Shale Is Profitable At These Prices
Only 1 percent of the Bakken Play area is commercial at current oil prices based on my analysis that follows. Only 4 percent of horizontal…
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One Chart That Explains The Stupidity Of Congress’ SPR Plan
Buy high, sell low. The definition of stupid.That’s what Congress is considering as it eyes selling oil from the U.S. Strategic Petroleum Reserve (SPR) to…
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Oil Prices Still Not Low Enough To Fix The Markets
The problem with oil prices is that they are not low enough.Current oil prices are simply not low enough to stop over-production. Unless external investment…
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Oil Fundamentals Improve But Inventories Will Keep Prices Low
Global oil supply and demand fundamentals moved in the right direction in September but surplus inventory will keep oil prices low for some time to…
