 |
Louisiana Light • 4 days | 71.25 | +0.75 | +1.06% | ||
|
Bonny Light • 3 days | 73.32 | -0.82 | -1.11% | ||
|
Opec Basket • 4 days | 73.75 | -2.47 | -3.24% | ||
|
Mars US • 3 days | 67.24 | -1.61 | -2.34% | ||
|
Gasoline • 11 mins | 2.501 | 0.000 | -0.01% |
|
Bonny Light • 3 days | 73.32 | -0.82 | -1.11% | ||
|
Girassol • 3 days | 73.65 | -1.07 | -1.43% | ||
|
Opec Basket • 4 days | 73.75 | -2.47 | -3.24% |
|
Peace Sour • 7 hours | 61.18 | -1.42 | -2.27% | ||
|
Light Sour Blend • 7 hours | 62.48 | -1.42 | -2.22% | ||
|
Syncrude Sweet Premium • 7 hours | 71.43 | -1.42 | -1.95% | ||
|
Central Alberta • 7 hours | 60.78 | -1.42 | -2.28% |
|
Eagle Ford • 4 days | 64.83 | +0.74 | +1.15% | ||
|
Oklahoma Sweet • 4 days | 64.75 | +0.75 | +1.17% | ||
|
Kansas Common • 19 days | 64.52 | +0.64 | +1.00% | ||
|
Buena Vista • 4 days | 74.66 | +0.74 | +1.00% |
First Crude Oil Draw In 2023 Pushes Oil Prices Higher
Oil prices recovered on Wednesday…
Ban On IOCs In Iraqi Kurdistan May Be Lifted
The disagreement between Baghdad and…
Energy / Crude Oil
Is Chinese Demand Growth Now The Only Bullish Driver For Crude?
China’s recovery is underway, and many anticipate that China’s recovery will mean calls for additional crude oil, bolstering oil prices. But China’s economic reemergence is anything but a sure thing…
The Willow Oil Controversy, Explained
After years of uncertainty, ConocoPhillips’ Willow project has finally got the green light in Alaska. Stakeholders were unsure whether Willow would go ahead after several delayed oil and gas leases…
Oil Majors Juggle Cheaper Crude With Lower Emissions
The world’s biggest international oil and gas firms continue to pledge lower-emission operations to supply the world with the hydrocarbons it needs and will need in the future. …
Did The EIA Finally Get Realistic About U.S. Shale Output?
Readers will recall that, for the last several months, I have noted that US oil production per the EIA's weekly Petroleum Status Report
Oil Falls Despite Large Draws In Fuel Inventories
Crude oil prices moved lower today after the U.S. Energy Information Administration reported an inventory build of 1.6 million barrels for the week to March 10. This compared…
UK Considers Easing Windfall Tax Pressure On Oil And Gas
The government is weighing up plans to bring in a price floor for the windfall tax amid fears Equinor could pull out of the proposed Rosebank oil and…
Oil Nosedives After SVB Collapse
Last Friday, the banking regulator of California shut down Silicon Valley Bank and appointed the Federal Deposit Insurance Corporation as receiver of its assets. The sudden collapse tech and climate…
India’s Opportunistic Pursuit Of Cheaper Oil From Russia
Via AG Metal Miner As the old saying goes, “one man’s crisis is another’s opportunity.” Russia’s invasion of Ukraine and the subsequent sanctions and ruined trade relationships with…
Ban On IOCs In Iraqi Kurdistan May Be Lifted
The recent signing by Iraq’s federal government in Baghdad of three long-term oil and gas sector contracts with the UAE’s Crescent Petroleum –…
China’s Economic Upswing May Not Boost Oil Prices
The massive disparity between China’s enormous economy-driven energy needs and its minimal level of domestic oil and gas reserves meant that the country was the key driver of…
Why Energy May Start To Follow Other Stocks & Why That Isn’t Good News
As the Fed and other central banks around the world have raised rates, some areas of the stock market have posted big losses. Tech, for example, and anything to do…
Big Oil Is Flush With Cash, But Doesn’t Know Where To Spend it
Exxon is considering a change of strategy for Europe because of the windfall taxes governments are using to get some of the money…
The World Desperately Needs More Oil And Gas Investment
Despite high oil prices sending energy company profits soaring over the last year, little of those profits have been reinvested in the oil and gas business. As oil and gas…
Kazakhstan Faces Political Pressure To Diversify Its Oil Export Routes
Astana is upbeat about boosting oil exports, despite caveats over how the war in Ukraine may impact markets and questions about its recently launched shipments to Europe. Kazakhstan plans to…
Pioneer CEO: The Shale Boom Is Over
Earlier this month, the Energy Information Administration forecasted that oil production in the United States would grow by 590,000 bpd to a total…
OPEC Is Back In Control Of The Oil Market
OPEC is once again the most influential force in global oil supply – and will be so for the foreseeable future – now that U.S. shale production growth is slowing,…
Brent Crude And WTI Crude Prices Stabilize After Two-Day Drop
Oil prices are trading flat on Thursday after two consecutive days in decline as a strike in France, a drop in U.S. crude inventories, and a faltering dollar offset fears…
First Crude Oil Draw In 2023 Pushes Oil Prices Higher
Crude oil prices moved up today after the U.S. Energy Information Administration estimated an inventory draw of 1.7 million barrels for the week to March 3. This compared with…
Offshore Oil And Gas Is Back With More Than $200 Billion In New Investment
The offshore oil and gas (O&G) sector is set for the highest growth in a decade in the next two years, with $214 billion of new project…
Is India Drifting Away From The U.S.?
India last week stepped up its negotiations with the U.S. aimed at continuing to import as much oil from Russia as it requires, regardless of current and future…
