 |
Louisiana Light • 1 day | 78.00 | -2.16 | -2.69% | ||
|
Bonny Light • 1 day | 81.20 | -2.15 | -2.58% | ||
|
Opec Basket • 1 day | 84.27 | -2.23 | -2.58% | ||
|
Mars US • 6 days | 79.71 | -2.05 | -2.51% | ||
|
Gasoline • 10 mins | 2.166 | +0.038 | +1.77% |
|
Bonny Light • 1 day | 81.20 | -2.15 | -2.58% | ||
|
Girassol • 1 day | 81.54 | -2.27 | -2.71% | ||
|
Opec Basket • 1 day | 84.27 | -2.23 | -2.58% |
|
Peace Sour • 2 hours | 58.33 | -1.89 | -3.14% | ||
|
Light Sour Blend • 2 hours | 62.83 | -2.04 | -3.14% | ||
|
Syncrude Sweet Premium • 2 hours | 69.18 | -2.69 | -3.74% | ||
|
Central Alberta • 2 hours | 59.73 | -1.64 | -2.67% |
|
Eagle Ford • 1 day | 71.81 | -2.04 | -2.76% | ||
|
Oklahoma Sweet • 1 day | 71.75 | -2.00 | -2.71% | ||
|
Kansas Common • 2 days | 67.50 | -3.50 | -4.93% | ||
|
Buena Vista • 3 days | 87.02 | +0.31 | +0.36% |
Tight Global Oil Supply To Linger For Years: Exxon
Global oil supplies will remain…
Mega Mergers Spark New Debate Over Oil Demand Controversy
The megamergers in oil and…
Energy / Crude Oil
Oil Demand In Doubt As Saudis Extend Production Cuts
Last weekend, Saudi Arabia said it would extend its voluntary production cuts of 1 million barrels daily of crude until the end of the year. At the same time, the…
U.S. Crude Oil Exports Are Soaring To Record Highs
U.S. crude oil exports continue to reshape the global market as America is pumping record volumes of oil and shipping record volumes of it overseas while the OPEC+ group withholds…
Oil Falls Below $80 On Mixed Data From China
Oil prices have nearly erased all year-to-date gains as shrinking refining margins signal weaker demand for oil.
Saudi Aramco Pledges Billions In Dividends Despite Profit Drop
Aramco will pay out almost £30bn in dividends for the third quarter, boosting 90 percent owner Saudi Arabia’s coffers Saudi Aramco (Aramco) has sustained hefty payouts…
The Problem With Refilling The Strategic Petroleum Reserve
Last year, the Biden administration conducted the largest ever sale from the Strategic Petroleum Reserve (SPR) to the tune of 180 million barrels, in a bid to stabilize soaring…
Iran’s Proposed Embargo Could Cause Chaos In Oil Markets
Iran’s Supreme Leader, Ali Khamenei, last week called on the Islamic members of OPEC to halt oil exports to Israel immediately. Given that Israel buys virtually none of…
Oil Industry Under Pressure As Net Zero Goals Loom
Energy giants BP and Shell unveiled sharp downturns in their usual earnings last week in a rocky third quarter for the sector, with the oil and gas industry…
How The U.S. Is Pumping More Oil With Fewer Rigs
Despite the falling and flatlining rig count, U.S. crude oil production managed to hit a monthly record-high in August 2023, boosted by productivity gains and more efficient operations. …
Will Petrochemicals Continue To Drive Oil Demand?
Petrochemicals have been driving oil demand in recent years but that could all change if new restrictions come into place to curb the production of plastics and other products. The…
How Permian Innovations Propelled U.S. Crude Production To New Heights
With core OPEC+ cartel members Russia and Saudi Arabia doing everything in their power to throttle oil output and push the price of oil higher, the US is…
Oil Unchanged After Minor Inventory Build
Crude oil prices remained largely unchanged today after the Energy Information Administration reported an inventory build of a modest 800,000 barrels for the week to October 27. A day…
Israel And Interest Rates Keep Oil Prices Erratic
The war in the Middle East could push crude oil prices to $150 per barrel if it spreads across the region, the World Bank warned this week. Meanwhile, traders—worried…
Iraq Moves Further Out Of U.S.’s Influence With New Russia And China Deals
With the U.S.’s current primary Middle East focus being on trying to deter a widening of the Israel-Hamas War, China and Russia have been…
Natural Gas Demand Suggests The IEA Got Peak Demand Wrong
Executives in the natural gas industry expect strong demand for the fuel in Asia through 2040 and 2050 as countries continue their coal-to-gas switch policy and look to meet emission…
Why Big Oil Stocks Are Selling Off Right Now
Earnings season is well and truly underway, with half of S&P 500 companies having returned their Q3 2023 earnings scorecards. Unlike recent seasons, the current one has been somewhat underwhelming for…
With Oil Supply At Risk From Israel-Hamas War, What Is China’s Demand Outlook?
Global oil supply from several OPEC countries in the Middle East, perhaps all of them, remains contingent on whether the Israel-Hamas War widens…
ExxonMobil Looks For Even More Takeover Opportunities
If there was any doubt left in your mind whether or not the oil and gas industry is literally running like greased lightning nowadays, it has been…
Tight Global Oil Supply To Linger For Years: Exxon
Global oil supplies will remain tight for years, putting upward pressure on energy prices, Exxon’s Chief Executive Officer Darren Woods said on Friday. “The industry is still recovering from the…
Mega Mergers Spark New Debate Over Oil Demand Controversy
Around the time when Exxon announced the acquisition of Pioneer Natural Resources, the International Energy Agency published its much-awaited World Energy Outlook. It contained no surprises: a month…
American Oil Giants Boost Domestic Footprint As Geopolitical Tensions Mount
ExxonMobil and Chevron have just announced mega acquisition deals to buy U.S. firms, which will boost the footprint of the U.S. oil supermajors in their domestic upstream market and the…
