 |
Louisiana Light • 2 days | 78.00 | -2.16 | -2.69% | ||
|
Bonny Light • 2 days | 81.20 | -2.15 | -2.58% | ||
|
Opec Basket • 2 days | 84.27 | -2.23 | -2.58% | ||
|
Mars US • 6 days | 79.71 | -2.05 | -2.51% | ||
|
Gasoline • 10 mins | 2.166 | +0.038 | +1.76% |
|
Bonny Light • 2 days | 81.20 | -2.15 | -2.58% | ||
|
Girassol • 2 days | 81.54 | -2.27 | -2.71% | ||
|
Opec Basket • 2 days | 84.27 | -2.23 | -2.58% |
|
Peace Sour • 3 hours | 58.33 | -1.89 | -3.14% | ||
|
Light Sour Blend • 3 hours | 62.83 | -2.04 | -3.14% | ||
|
Syncrude Sweet Premium • 3 hours | 69.18 | -2.69 | -3.74% | ||
|
Central Alberta • 3 hours | 59.73 | -1.64 | -2.67% |
|
Eagle Ford • 2 days | 71.81 | -2.04 | -2.76% | ||
|
Oklahoma Sweet • 2 days | 71.75 | -2.00 | -2.71% | ||
|
Kansas Common • 3 days | 67.50 | -3.50 | -4.93% | ||
|
Buena Vista • 4 days | 87.02 | +0.31 | +0.36% |
Why Oil Prices Are Likely To Climb From Here
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China’s Central Bank Says Economy On Track To Achieve 5% Growth Target
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News
Democrats Seek Probe Into Exxon And Chevron Mega Deals
A group of Democratic Senators led by Senate Majority Leader Chuck Schumer have urged the Federal Trade Commission to investigate if the latest mega acquisitions announced by supermajors ExxonMobil and…
Companies Store Natural Gas In Ukraine As EU Sites Near Capacity
Despite the risks of war, energy firms are storing growing volumes of natural gas in Ukraine’s storage facilities as the EU’s sites are nearing capacity, the Financial Times…
Guyana Asks Court To Stop Venezuela's Referendum On Oil-Rich Province
Guyana has reached out to the International Court of Justice and asked it to cancel a referendum planned in Venezuela calling for voters to decide whether Caracas should…
Oil Prices Climb As Traders Await A Statement From The Fed
Crude oil prices moved higher early on Wednesday morning after dropping dramatically at the start of the week. Traders remain on edge as they await a statement from…
Oil Inventories Rise As Gasoline, Diesel Inventories Fall
Crude oil inventories in the United States rose by 1.347 million barrels for week ending October 27, according to The American Petroleum Institute (API), after a 2.668-million-barrel dip in crude…
Drought Increases VLGCs Shipping Rates To Record Highs
A drought is causing significant delays for ships traversing the Panama Canal and increasing shipping rates for Very Large Gas Carriers to record highs. This, in turn, is increasing shipping…
U.S. Crude Production Breaks Records
U.S. crude oil production hit an all-time high in August, according to new data published by the Energy Information Administration on Tuesday, with production surpassing pre-covid levels. U.S. field production…
PetroChina Expects 10% Rise In Chinese Fuel Demand In Q4
China’s fuel demand is set to jump by 10% this quarter compared to the same period of 2022 thanks to the latest economic stimulus policies, Huang Yongzhang, the president of…
Oil Prices Could Test $115 If Hamas-Israel War Escalates Into Regional Conflict
Weakening global economic growth could keep oil prices below $90 per barrel this year and next, barring a major escalation in the Hamas-Israel war that could spill over…
Marathon Petroleum Tops Profit Estimates On Strong Fuel Demand
Strong U.S. fuel demand helped Marathon Petroleum (NYSE: MPC) easily beat analyst estimates after reporting on Tuesday an adjusted net income of $3.2 billion for…
BP Misses Q3 Earnings Forecast On Weak Natural Gas Trading
BP (NYSE: BP) reported on Tuesday lower-than-forecast earnings for the third quarter as weak gas marketing and trading and a charge in offshore wind weighed…
Saudi Arabia’s Economy Contracts In Q3 As Oil Production Cuts Weigh On Growth
Saudi Arabia’s economy shrank in the third quarter by 4.5% year-over-year, due to lower oil production and activities, the General Authority for Statistics of the world’s top crude oil exporter…
Chevron Reaches Agreement With LNG Workers To Avoid Further Strikes
A weeks-long dispute between Chevron and workers at its two LNG projects in Australia has finally ended with an agreement that eliminates the risk of any further industrial…
Venezuelan Court Suspends Opposition Party’s Presidential Primary Results
Venezuela’s Supreme Justice Tribunal has suspended the results of a primary that took place earlier this month in the opposition segment of the country’s political spectrum. Bloomberg’s Javier…
TC Energy Completes Key LNG Pipeline In Canada
TC Energy has completed the construction of the Coastal Gaslink pipeline that will link to Canada’s first LNG production facility. The Coastal Gaslink, like any pipeline project in…
Germany Set For Major Drop In Oil Consumption Amid Lackluster Economy
Germany, the European Union’s largest economy, is set to see a significant drop in oil consumption for 2023 as economic output shrinks, crimping demand for industrial fuels, Bloomberg…
Oil Prices Plunge 3% as Market Weighs Israeli Attack on Gaza
Oil prices plunged by 3% on Monday as market sentiment hedged its bets that Israel’s ground invasion of Gaza would not have global repercussions impacting oil and gas supplies. On…
China Sees Winter Peak Power Demand Surging By 12%
China expects its peak power demand could rise by 12.1%, or by 140 gigawatts (GW), this winter, a spokesperson for the National Energy Administration (NEA) said on Monday. Generally,…
COP28 And Renewables Groups Seek Tripling Of Clean Power By 2030
The world could fast-track the energy transition and cut carbon emissions by tripling global renewable power capacity to 11,000 GW and double average annual energy efficiency improvements by 2030, the…
PetroChina Posts Record YoY Net Profit Growth
PetroChina has reported record year-on-year net profit growth of 21%, with third-quarter earnings reaching $6.3 billion on increased output and rising domestic fuel demand. The company saw…
