 |
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
Headline-Grabbing Deals Mask Big Drop In Shale M&A
While there have been some…
Russian Oil Output Remains High Much To OPEC's Dismay
Russian crude oil export data…
Energy / Crude Oil
Norwegian Crude Becomes Mainstay For EU Refiners As They Ditch Urals
The continuous shift in oil trade flows following the EU embargo on Russian exports is a huge win for the crude from Western Europe's largest oilfield offshore Norway. Norway's Johan…
Oil Prices Fall Despite Crude Inventory Draw
Crude oil prices inched lower today, after the U.S. Energy Information Administration reported an inventory draw of 4.6 million barrels for the week to April 14. This compared with…
Russia Finds New Market For Its Fuels In The Middle East
The trade shift in Russian oil flows is benefitting Moscow’s Middle Eastern allies in the OPEC+ pact as the biggest Arab Gulf oil producers, Saudi Arabia and the United Arab…
Gold And A New Crude Benchmark: A New Dawn For The Petroyuan?
Did you know that central banks bought more gold last year than any year in the past 55 years—since 1967? Though most don’t realize it, 1967…
Oil Demand Predictions Vary Wildly Among Energy Agencies
Projecting long-term oil demand during the ongoing energy transition has been likened to trying to catch lightning in a bottle, with prognostications by different experts varying wildly. Oil
O’Leary Looks For A U.S. State To Host His $14 Billion Refinery
Shark Tank investor Kevin O'Leary has just announced plans to build a new $14-billion refinery in the United States to help America become more energy independent. The U.S. needs a…
What Does The Future Look Like For Oil & Gas?
Predicting how an industry will look 20 or more years from now is always a challenge. There are always unforeseen factors that have potential powers of disruption that could throw…
OPEC’s Crude Oil Production Falls In March
OPEC’s crude oil production fell to 28.797 million bpd, according to OPEC’s latest edition of its Monthly Oil Market Report. According to OPEC’s secondary sources, OPEC’s 13 members produced 86,000…
Guyana To Pump 1.2 Million Barrels Of Oil Per Day By 2027
The small Caribbean nation of Guyana is experiencing a colossal oil boom which keeps getting bigger and bigger. In January 2023,…
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…
