 |
Louisiana Light • 2 days | 74.72 | +0.96 | +1.30% | ||
|
Bonny Light • 1 day | 77.34 | +1.00 | +1.31% | ||
|
Opec Basket • 2 days | 75.96 | +0.72 | +0.96% | ||
|
Mars US • 8 hours | 72.84 | +1.43 | +2.00% | ||
|
Gasoline • 14 mins | 2.708 | -0.014 | -0.50% |
|
Bonny Light • 1 day | 77.34 | +1.00 | +1.31% | ||
|
Girassol • 1 day | 79.35 | +0.93 | +1.19% | ||
|
Opec Basket • 2 days | 75.96 | +0.72 | +0.96% |
|
Peace Sour • 24 hours | 67.16 | +0.86 | +1.30% | ||
|
Light Sour Blend • 24 hours | 68.46 | +0.86 | +1.27% | ||
|
Syncrude Sweet Premium • 24 hours | 77.41 | +0.86 | +1.12% | ||
|
Central Alberta • 24 hours | 66.76 | +0.86 | +1.31% |
|
Eagle Ford • 2 days | 69.39 | +0.92 | +1.34% | ||
|
Oklahoma Sweet • 2 days | 69.50 | +1.00 | +1.46% | ||
|
Kansas Common • 2 days | 63.25 | +1.00 | +1.61% | ||
|
Buena Vista • 2 days | 76.15 | -1.09 | -1.41% |
U.S. Drilling Rigs Swing To Annual Loss For First Time In Years
The total rig count fell…
Why AI Is The Future Of Offshore Oil Drilling
Shell announced plans to use…
Energy / Crude Oil
450,000 Bpd Flow Of Kurdish Crude Unlikely To Restart This Weekend
While the Iraqi oil minister has said that 450,000 barrels per day of shut-in oil exports from Iraqi Kurdistan would restart exports on Saturday, Kurdish and Turkish officials…
Low-Quality Crude Sees Mysterious Price Rally
Middle Eastern oil producers are raising the export prices for their lower-grade crudes, Bloomberg reported earlier this week. And European buyers have no choice but to pay up—because the…
OPEC: World Oil Demand To Rise By 2.33 Million Bpd In 2023
For the third month running, OPEC has barely changed its forecast of global oil demand, predicting growth of 2.33 million barrels per day, or 2.3% Y/Y growth, good for a…
Shale Steals The Show As Oil & Gas Spending Surges
Global energy reliability concerns are triggering a surge in oil and gas investments – but this uptick is only temporary, and service companies should capitalize now before the…
Traders Dump Oil As Concerns About The Economy Persist
Money managers fled the oil market in the week to May 2, reversing two weeks of buying petroleum futures and contracts spurred by the new production cuts announced by several…
Oil Falls Further On EIA Inventory Report
Crude oil prices fell further today after the Energy Information Administration reported an inventory build of 3 million barrels for the week to May 5. This compared with…
Russia’s Crude Oil Shipments Hit Highest Since At Least Early 2022
Russia’s crude oil exports by sea hit a new high of 3.55 million barrels per day (bpd) in the four weeks to May 5, the highest shipments since at least…
U.S. Oil Production On Track To Hit A Record High This Year
One of my 2023 energy predictions was “Total U.S. oil production will again rise, and set a new annual production record.” The previous…
OPEC’s April Production Falls: Survey
Julianne Geiger OPEC’s crude oil production fell last month to a level not seen in nearly a year, a Bloomberg survey showed on Tuesday. OPEC’s crude oil production fell…
India Leads In Russian Oil ‘Laundering’ To Europe
A new report by the Center for Research on Energy and Clean Air (CREA) has found that European countries that banned…
Next Year Will Be A Crucial Year For Suriname’s Emerging Oil Boom
A series of setbacks emerged during 2022 which derailed deeply impoverished Suriname’s nascent oil boom. The former Dutch colony of around 600,000 people, which shares the Guyana Suriname Basin with…
Western Insurers May Inadvertedly Help To Ship Russian Crude
Western tanker insurers are concerned that they may inadvertently help ship Russian crude oil above the $60 per barrel price cap as purchases and transactions have become opaque since the…
The 10 Most Incredible Oil And Gas Discoveries Of All Time
Many believe that the beginning of the crude oil industry was marked in the United States with the discovery of the Titusville well in Pennsylvania in the 1860s. In…
Permian Rig Count Inches Higher As WTI Recoups Some Losses
The total number of total active drilling rigs in the United States rose by 2 this week, according to new data from Baker Hughes published Friday, after rising by 5…
Exxon Greenlights New Multibillion-Dollar Guyana Project
Exxon will go ahead with a $12.7-billion oil development off the coast of Guyana after the country’s government gave its final approval to the project. The Uaru project is…
The Permian Will Lead U.S. Oil Deal-Making
A new wave of mergers and acquisitions is coming to the U.S. oil patch, and the most prolific shale basin, the Permian, is set to lead the deal-making activity in…
The Brent Oil Benchmark Is About To Change Forever
West Texas Intermediate Midland crude is about to be added to the Brent benchmark contract this June. This would be the first time a non-North Sea crude has been added…
Suncor In $4.1B Deal To Buy TotalEnergies’ Oilsands Operations
Calgary-based Suncor Energy will acquire French TotalEnergies’ Canadian operations in a US$4.1-billion deal for the oilsands patch. For US$4.1 billion in cash
3 Reasons Why Oil & Gas Is Goldman Sachs’ Favorite Sector
Wall Street investment bank Goldman Sachs has advised investors to buy energy and mining stocks, saying the two sectors are positioned to benefit from economic growth…
Large Crude Inventory Draw Jolts Oil Prices
Crude oil prices moved higher today, after the Energy Information Administration reported an inventory draw of 5.1 million barrels for the week to April 21. This compared with another…
