 |
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 • 16 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% |
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Energy
Goldman Sachs: Oil Markets To Face Supply Crisis In 2024
The oil markets remain highly volatile, but continue to have little forward momentum, with WTI prices resuming their negative trading to move away from the pivotal $71.55 resistance level, pointing…
EU Unlikely To Agree To Permanent Shutdown Of Russian Gas Pipelines To Europe
The European Union is unlikely to agree to an idea to ban natural gas imports from the pipelines from Russia, where Moscow has already cut off the gas supply to…
Oil Prices Rise Amid Expectations Of A Tightening Market
Oil prices reversed losses and edged higher early on Wednesday as analysts expect an increasingly tighter market balance later this year. As of 7:20 a.m. EDT on Wednesday, ahead of…
India Looks To Lock In Long-Term LNG Deals
Major Indian natural gas importers are discussing long-term supply deals with the biggest LNG exporting countries to lock in future supply and avoid volatility and uncertainty in case of spot…
Despite Bullish Signs, Traders Shun Oil
Earlier this week, oil reversed a four-week losing streak pushed higher by production shut-ins in Canada and analyst expectations that the tightness of supply is about to manifest itself during…
Europe’s Mad Dash To Build LNG Terminals Could End In Tears
Europe's mad dash to build LNG import terminals could result in an excess number of regasification projects by the end of the decade if the EU manages to continue reducing…
Bullish Messaging Bolsters Oil Prices
Bullish messaging from the IEA and the unexpected launch of U.S. SPR repurchases have bolstered oil prices today, limiting the downside ahead of the next OPEC+ meeting.Investor Alert:…
Underhedged Oil Producers Heavily Exposed To Low Oil Prices
Hedging is a popular trading strategy frequently used by oil and gas producers, airlines and other heavy consumers of energy commodities to protect themselves against market fluctuations. During…
Saudi Aramco Considers Another Stock Offering In Riyadh
Saudi oil giant Aramco is studying the feasibility of an additional stock offering in Riyadh, which could help the world’s biggest oil firm raise billions of U.S. dollars, Bloomberg
The New Iran-Syria Agreement Is A Geopolitical Win For China
Crucial to China’s multi-pronged, multi-generational ‘One Belt, One Road’ power-grab project is the Shia Crescent of the Middle East. Dominated by Iran, China’s chief longstanding ally in the…
The IEA Says Russia Isn’t Cutting Oil Production As Promised
Russia has failed so far to cut its oil production by 500,000 barrels per day (bpd) as promised, and it may even be looking to boost output to compensate for…
Why The Revival Of Nuclear Energy Is Good News For Russia
It seems increasingly likely that we are witnessing the dawn of a new nuclear era. After decades of decline in the West, a potent mix of climate goals…
IEA: Oil Bears Are Disregarding An Imminent Supply Shortage
The decline in oil prices over the past few weeks contrasts with an expected tightening of the market later this year when demand exceeds supply by nearly 2 million barrels…
China’s Refinery Throughput Jumped 19% In April
In the latest sign that Chinese oil demand growth is not as reluctant as some indicators might suggest, refinery throughput in the Asian powerhouse came close to 15 million bpd…
Oil Prices Rise As Canada Wildfires Rage On
Crude oil prices were on the rise on Monday as the market continued to fear a tightening of crude supplies on Canadian wildfires. Crude oil prices were…
Is The Next Commodity Super-Cycle Right Around The Corner?
In recent years, commodity prices have reached a 50-year low relative to overall equity markets (S&P 500). Historically, lows in the ratio of commodities to equities have corresponded with the…
OPEC Cut Failed To Lift Oil Prices, But The Year Isn’t Over Yet
Crude oil prices have been on a losing streak for four consecutive weeks now, erasing all the gains they booked after OPEC’s latest supply cut announcement as economic…
Will The EPA's New Power Plant Emissions Rule Make An Impact?
The Environmental Protection Agency (EPA) will try again to limit carbon dioxide emissions from power plants, having failed to do so during the Obama administration. Well, if at first you…
U.S. Natural Gas Drilling Collapses At Fastest Fastest Pace Since 2016
According to a new report from Baker Hughes Co., the US natural gas sector is rapidly pulling drilling rigs from the field due to oversupply conditions that…
Saudi Aramco’s Disappointing Earnings Are The Least Of Its Problems
It might appear counter-intuitive to characterise Saudi Aramco’s first quarter net income of SAR119.54 billion (US$31.88 billion) as bad but, in the context of what the company is,…
