 |
Louisiana Light • 3 days | 72.37 | -1.54 | -2.08% | ||
|
Bonny Light • 2 days | 73.87 | -2.50 | -3.27% | ||
|
Opec Basket • 3 days | 75.88 | +1.13 | +1.51% | ||
|
Mars US • 20 hours | 68.46 | -0.70 | -1.01% | ||
|
Gasoline • 21 hours | 2.589 | -0.017 | -0.67% |
|
Bonny Light • 2 days | 73.87 | -2.50 | -3.27% | ||
|
Girassol • 2 days | 74.31 | -2.28 | -2.98% | ||
|
Opec Basket • 3 days | 75.88 | +1.13 | +1.51% |
|
Peace Sour • 2 days | 64.21 | -0.94 | -1.44% | ||
|
Light Sour Blend • 2 days | 65.51 | -0.94 | -1.41% | ||
|
Syncrude Sweet Premium • 2 days | 74.46 | -0.94 | -1.25% | ||
|
Central Alberta • 2 days | 63.81 | -0.94 | -1.45% |
|
Eagle Ford • 3 days | 66.44 | -0.94 | -1.40% | ||
|
Oklahoma Sweet • 3 days | 66.50 | -1.25 | -1.85% | ||
|
Kansas Common • 25 days | 64.52 | +0.64 | +1.00% | ||
|
Buena Vista • 3 days | 76.62 | -0.94 | -1.21% |
Breaking News:
UK Considers Easing Windfall Tax Pressure On Oil And Gas
The UK government is considering…
Oil Rig Count Inches Higher As WTI Holds Below $70
The U.S. oil rig count…
Energy / Crude Oil
Oil Rig Count Inches Higher As WTI Holds Below $70
The total number of total active drilling rigs in the United States rose by 4 this week, according to new data from Baker Hughes published on Friday. The total rig…
Ominous Oceans: Shadow Tankers Endanger Global Waters
A growing number of oil tankers, part of an unofficial "shadow" fleet, are transporting oil from countries impacted by Western sanctions. These tankers, moving oil from Iran, Russia, and Venezuela,…
U.S. Jobs Data Provides Support For Oil After Volatile Week
Oil prices managed to stabilize on Thursday, recovering from their lowest levels since late 2021 earlier this week, as encouraging U.S. employment data balanced out negative indicators from…
Major Products Draws Send Oil Prices Higher
Crude oil prices climbed today, after the U.S. Energy Information Administration reported another weekly build in crude oil inventories of 1.1 million barrels. That compared with a build of…
How OPEC Has Filled America’s Russian Oil Void
A little over a year ago, the United States government banned the importation of Russian crude, petroleum, oils and products of their distillation,…
Are Big Oil's Best Days Behind It?
By approving a scaled-down project for new drilling in Alaska, even the Biden Administration tacitly admitted that oil and gas would be needed for decades regardless of the pace of…
U.S. Oil Exports To Europe Hit Record High
U.S. crude oil exports to Europe hit a record high in March, due to a wide WTI to Brent discount in January which prompted many spot deals for the cheaper…
Goldman Sachs No Longer Sees $100 Oil In 2023
Last week, oil prices booked their worst week since the start of the year, dropping off a cliff on renewed fears about the global economy after the collapse…
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…
