 |
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 • 11 mins | 2.708 | -0.013 | -0.47% |
|
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% |
Bullish Messaging Bolsters Oil Prices
Oil prices climbed on Tuesday…
Norway’s Decision To Step Up Oil Exploration Angers Climate Activists
Earlier this month, the Norwegian…
Suriname’s Much-Needed Oil Boom May Soon Be Back On Course
Suriname’s long-awaited oil boom could…
Energy
This New Middle East Pipeline Could Be A Gamechanger
A huge new Middle East to Asia pipeline that could provide the East with high volumes of reliable gas supplies for decades is being planned. The presence of…
Traders Grow Even More Bearish On Oil
Despite expectations of a tightening oil market later this year, hedge fund managers and momentum traders continue to be bearish on crude and continue to dump bullish bets. Portfolio…
China Drives Rebound In Global Oil Demand, But There’s A Catch
For many years now, the state of China’s economy has been one of the most important determinants of the oil price. The vast disparity between China’s oil needs…
Are We Nearing An Inflection Point For Oil?
Current oil market fundamentals are under pressure, and if you are listening to economists, hedgefunds or Western governments, you may conclude that the sentiment is decidedly bearish. The current low…
Suriname’s Much-Needed Oil Boom May Soon Be Back On Course
The last year has been particularly turbulent for the former South American Dutch colony of Suriname. A rapidly deteriorating economy, violent anti-government protests, and rising political uncertainty are…
Cheap Russian Crude Is Replacing Middle Eastern Oil On India’s Spot Market
India’s spot purchases of crude oil from the Middle East have fallen in recent months, as cheaper Russian spot barrels are making their way to the world’s third-largest crude oil…
Chevron To Buy Shale Firm PDC Energy In $6.3-Billion Deal
Chevron Corporation has signed a deal to buy shale firm PDC Energy in an all-stock transaction valued at $6.3 billion, or $72 per share, the U.S. supermajor said on…
IEA Chief Warns That Europe’s Energy Market Is “Not Out Of The Woods” Yet
Despite a marked decline in benchmark natural gas prices in Europe this year, the continent is “not out of the woods” yet as three factors could worsen the European energy…
Oil Prices Sink As Fears Of A U.S. Default Continue To Weigh On Markets
Crude oil prices started the week sluggishly, with the benchmarks declining slightly at the time of writing, after posting a modest gain for the previous week. Brent crude was…
Alberta Wildfires Still Sapping Crude Oil Production
Raging wildfires in Canada could shave off 0.1%-0.3% of the country’s real gross domestic production this month, according to an estimate from ATB Financial. The number of wildfires grew on…
Small Oil Moves In Where Big Oil Moves Out
A Dutch court ruled against Shell two years ago in a case targeting the supermajor’s emission footprint. It obliged the company to slash its emissions by almost half from 2019…
U.S. Drilling Rigs Swing To Annual Loss For First Time In Years
The total number of total active drilling rigs in the United States fell by 11 this week, according to new data from Baker Hughes published Friday, after falling by 17…
Guyana's Oil Boom To Gain Momentum In Second Half Of 2023
The impoverished South American micro-state Guyana is in the midst of an epic oil boom which has seen the former British colony emerge as the hottest frontier offshore drilling region.…
Why AI Is The Future Of Offshore Oil Drilling
Artificial Intelligence (AI) has emerged as some of the biggest secular megatrends of our time. AI is powering the fourth industrial revolution and is increasingly being viewed as…
U.S. At Risk Of Blackouts This Summer
Extreme weather this summer will strain the U.S. power grids, putting two-thirds of North America at risk of electricity shortfalls this summer during periods of peak demand on the hottest…
U.S. Shale Production Is Set For A Rapid Decline
I have argued in several Oilprice articles, and most recently in February 2023, that the era of increasing output from shale wells did not have much…
The Automation Of Public Transport Is Underway
There has been a lot of hype around autonomous driving in recent years, with several autonomous passenger vehicles being tested across cities worldwide. But when it comes to public transport,…
Is It Time To Take Green Methanol Seriously?
Methanol is widely used around the globe, with industrial applications for plastics, paints, car parts, and construction materials. It can also be used to fuel cars, trucks, buses, ships, fuel…
The Death Of Fracking In Colombia
Colombia’s beleaguered oil industry is facing a series of volatile headwinds as it struggles to return to a pre-pandemic tempo of operations. Petroleum output despite rising during March 2023 to…
Can Turkmenistan Become An Important Gas Supplier For Europe?
In recent months, traditionally isolationist Turkmenistan has begun to make efforts to open up more to the outside world. As a result, intense competition has ensued…
