 |
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 • 9 hours | 72.84 | +1.43 | +2.00% | ||
|
Gasoline • 14 mins | 2.702 | -0.019 | -0.71% |
|
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 • 20 mins | 68.59 | +1.43 | +2.13% | ||
|
Light Sour Blend • 20 mins | 69.89 | +1.43 | +2.09% | ||
|
Syncrude Sweet Premium • 20 mins | 78.84 | +1.43 | +1.85% | ||
|
Central Alberta • 20 mins | 68.19 | +1.43 | +2.14% |
|
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% |
Breaking News:
The 2023 Oil Demand Conundrum
There appears to be a…
Goldman Sachs: Oil Markets To Face Supply Crisis In 2024
Despite the current negative sentiment…
Energy / Crude Oil
Small Declines In Fuel Inventories Bolster Oil Prices
Crude oil prices changed little today after the Energy Information Administration estimated a modest inventory increase of 600,000 barrels for the week to April 7. This compared with…
New Canadian Pipeline To Boost Oil Prospects
Canadian oil producers have repeatedly pushed for new oil transportation links and pipeline expansion projects in recent years without much avail. The massive Keystone XL pipeline project was halted by…
Iraq Must Diversify Despite Strong Oil Revenues
After a successful 2022, Iraq’s oil and gas industry has faced challenges this year following the closure of an export pipeline in the north of the country. Conflict over the…
Oil Tanker Markets Upended As Trade Routes Shift
The Western embargoes on seaborne imports of Russian crude and refined products have upended traditional oil shipping routes and resulted in inefficient trade patterns that make shipping fuels more expensive…
Oil Demand Set To Remain Strong For Years To Come
I often get asked by readers of my articles, most of which involve investing in upstream oil and gas producers, and the service providers that support their activities,…
Is This The Next Permian Mega Deal?
The Wall Street Journal reports that ExxonMobil, (NYSE: XOM), and Pioneer Natural Resources, (NYSE: PXD) are in preliminary discussions about a merger. There…
Saudi- U.S. Relations Sour Further On Huge OPEC+ Surprise Cut
The surprise huge new cut in oil production from ‘OPEC+’ - the Saudi Arabia-led OPEC group of countries ‘plus’ Russia - highlights that any optimism over a possible…
Russia Cuts More Oil Production Than Anticipated
Russia has reduced its crude oil production by 700,000 bpd in March, a person familiar with Russian Energy Ministry figures told Bloomberg. Russia warned in February that it would cut…
Hedge Funds Are Still Bearish On Oil But Bulls Are Gaining Steam
The oil markets have been oversupplied over the past few months thanks to overall weak demand following warmer than expected weather in Europe. The U.S. crude market started…
OPEC+ Cuts Will Eliminate Oil Surplus
On Sunday, OPEC+ announced that it will reduce its output further, by some 1.66 million barrels per day, bringing the cartel’s total output reduction to 3.66 million…
North Sea Oil Production Could Fall By 80% By 2030
According to the industry body Offshore Energies UK, investments in the North Sea have dipped significantly. This could result in much lower oil production by the end of the decade…
Oil Spills Plague Colombia’s Petroleum Industry
Extractive industries in Colombia, primarily oil, coal and gold mining, are heavily impacting the strife-torn country’s environment. While oil spills and other forms of environmental contamination are frequent, there is…
Oil Markets Are Misinterpreting The OPEC+ Cut
The surprise announcement by OPEC+ of another production cut totaling 1.16 million barrels per day caused oil prices to rally 8%. I previously wrote about this in my…
Inventory Draws Across The Board Push Oil Prices Higher
Oil prices climbed higher today, after the Energy Information Administration reported a crude oil inventory draw of 3.7 million barrels for the week to March 31. At 470 million…
What Fast-Growing Oil Demand In Asia Means For The Rest Of The World
When earlier this year, prices slumped following the series of bank collapses in the United States, their subsequent recovery was attributed to one factor: China. The world’s largest oil and…
Will EVs Really Crush All Oil And Gas Demand?
Last year, the electric vehicle sector crossed a global milestone, with one out of ten vehicles sold being electric for the first time ever. While…
Lower Natural Gas Price Is Not All Good News For Europe
Europe successfully avoided a gas shortage crisis this winter thanks to high LNG imports, reduced demand, and milder weather. As a result, European natural gas…
U.S. Drilling Activity Slips Following Price Slump
The total number of total active drilling rigs in the United States fell by 3 this week, according to new data from Baker Hughes published on Friday. The total rig…
Kazakhstan Looks To Ramp Up Oil Exports To Europe
After almost a two-month delay, on February 23, Kazakhstani company KazTransOil finally began exporting oil to Germany, sending the first shipment of 20,000 tons of Kazakhstani oil (
Suriname’s Stalled Oil Boom Adds To Economic Headwinds
The former Dutch colony of Suriname is struggling to recover from the economic devastation of the pandemic. Civil dissent is intensifying with riots sparked by rising food and fuel prices…
