 |
Louisiana Light • 5 days | 73.63 | -1.24 | -1.66% | ||
|
Bonny Light • 1 day | 71.86 | -3.57 | -4.73% | ||
|
Opec Basket • 4 days | 75.85 | -0.70 | -0.91% | ||
|
Mars US • 10 hours | 67.72 | -2.70 | -3.83% | ||
|
Gasoline • 10 mins | 2.505 | +0.023 | +0.91% |
|
Bonny Light • 1 day | 71.86 | -3.57 | -4.73% | ||
|
Girassol • 1 day | 74.65 | -3.56 | -4.55% | ||
|
Opec Basket • 4 days | 75.85 | -0.70 | -0.91% |
|
Peace Sour • 1 hour | 61.37 | -3.05 | -4.73% | ||
|
Light Sour Blend • 1 hour | 62.67 | -3.05 | -4.64% | ||
|
Syncrude Sweet Premium • 1 hour | 71.62 | -3.05 | -4.08% | ||
|
Central Alberta • 1 hour | 60.97 | -3.05 | -4.76% |
|
Eagle Ford • 4 days | 66.65 | -1.12 | -1.65% | ||
|
Oklahoma Sweet • 4 days | 66.75 | -1.00 | -1.48% | ||
|
Kansas Common • 4 days | 61.50 | -0.50 | -0.81% | ||
|
Buena Vista • 11 days | 76.40 | +1.64 | +2.19% |
Breaking News:
Duke Energy To Sell Renewable Energy Assets For $2.8 Billion
Saudi Arabia Suckered Again By Russia In OPEC+’ s Output Cut
Saudi Arabia’s decision to go…
WTI Screams Back Up Past $70 Despite Crude Inventory Builds
Crude oil prices turned around…
Energy / Oil Prices
U.S. Shale To Set Production Record In March
In this week’s newsletter, we will take a quick look at some of the critical figures and data in the energy markets.
Oil Prices Continue To Slide On Rising US, EU Inventories
After rebounding by some 5% earlier this week on China demand recovery optimism, crude oil prices have shed over 1% on Thursday, following U.S. inventory data showing increasing…
Why Middle East Producers Cut Prices In The Face Of Soaring Chinese Oil Demand
China is back, and even the most ardent skeptics of Beijing’s policy easing will be compelled to admit that there is great upside in global oil demand in 2023. China…
Big Oil Reports Record Profits, But There's A Catch
Big Oil had a record year in 2022, earning billions from the imbalance between oil and gas demand and supply, and from the massive uncertainty that geopolitical events…
Momentum Grows For Oil, But Recession Fears Cap Gains
U.S. West Texas Intermediate crude oil futures settled about 2% higher on Thursday on positive U.S. economic data and optimism that global demand will strengthen as top oil importer China…
Why Oil Won’t Trade Above $100 This Year
After an initial dip, the oil price rally has been a steady grind upwards in the current year, with the last 12 trading days seeing 10 days of…
U.S. Gasoline Prices Continue To Climb
Gasoline prices continue to climb for the fourth straight week, rising 32.7 cents over the last month as crude oil prices rise, data from AAA showed on Monday. Gasoline prices…
Will Oil Continue To See Extreme Volatility?
Last year saw some quite significant swings in oil prices, mostly driven by geopolitical events but also by China’s zero-Covid policy. This year appears to signal calmer waters…
Oil Prices Gain On Optimistic U.S. Inflation Data
Oil prices are trading up Thursday following the release of U.S. inflation data for December, showing a continued slowdown in the Consumer Price Index (CPI) climb and an…
Andurand: Oil Prices Could Exceed $140 If China's Economy Fully Reopens
Crude oil prices could exceed $140 per barrel yet this year if China’s economy fully reopens, hedge fund manager Pierre Andurand said on Friday. Andurand sees the possibility of crude…
Where Are Oil Prices Heading In 2023?
At the beginning of 2023, several factors are at play in determining the short and medium-term trend in oil prices this year. Supply and demand concerns, tightening monetary…
Middle East Producers Cautious To Hike Oil Prices At Start Of 2023
Middle Eastern OSPs – December 2022 The oil markets have come full circle. In a year that saw the Russia-Ukraine war disrupt crude flows across the globe, oil…
$100 Oil To Return In 2023
Eric Nuttall, partner and senior portfolio manager at Ninepoint Partners LP, has told the Financial Post that oil prices will return to $100 per barrel in 2023. According to…
Oil Prices Tank 3% As Contract Rollover Nears
Oil prices slid by 3% early on Friday, erasing the gains from earlier this week, as the contracts are set for rollover and central banks say much needs to be…
What Iron Ore Prices Tell Us About Where Crude Oil Is Headed
Historically, the prices of two of the world’s biggest commodities, crude oil and iron ore, are strongly correlated, which is hardly surprising given that they are the lifeblood…
High Oil Prices Are Fueling Economic Growth In The Middle East
In a year of global economic uncertainty fuelled by inflation, geopolitical crises and supply chain insecurity, the Middle East witnessed a second consecutive year of economic growth, with…
Why 2023 Is Likely To See Much Higher Oil Prices
Earlier this week, oil prices plunged to 2022 lows as energy markets panicked about demand amid COVID chaos in China that has resulted in an unexpected and extraordinary…
No Deal On Russian Oil Price Cap As Deadline Looms
The European Union has failed to agree on the price cap for Russian oil proposed by the G7 as Poland refused to accept the suggested price level, which…
Middle East Oil Producers Under Pressure To Cut Prices Again
The Middle East has been steadily reaping the benefits of its oil bounty throughout 2022, arguably one of the most successful years for the region at large in…
Goldman Sachs Slashes Oil Price Forecast By $10
Goldman Sachs has cut its oil price forecast by $10 to $100 per barrel, citing lockdowns in China that would dampen demand for the commodity. The…
