 |
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 | 2.169 | +0.040 | +1.89% |
|
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% |
Oil Unchanged After Minor Inventory Build
Crude oil prices remained largely…
How The U.S. Is Pumping More Oil With Fewer Rigs
Despite a decrease in active…
Energy / Crude Oil
Canada’s $26 Billion Investment In Trans Mountain Pipeline May Not Pay Off
The Trans Mountain Expansion Project promised in the 2010s to help Canada’s oil sands producers get their crude to the Asian markets from the Pacific Coast. After years of delays…
All Eyes On Iran For Security Of Oil Supply
Iran has become the focus of international attention in the wake of Hamas attacks on Israel that prompted large-scale retaliation as the make-or-break actor in what increasingly looks like a…
Kuwait And Saudi Arabia Team Up For Massive Gas Field Development
As other Middle Eastern states look to diversify their energy mix, Kuwait appears to be going full throttle on its oil and gas ambitions. The Kuwaiti government has announced aims…
U.S. Oil Defies Odds, Races Towards Annual Production Record
One of my 2023 energy sector predictions was that U.S. oil production would set a new all-time high this year. After record-setting production…
Oil Moves Down On Massive Inventory Build
Crude oil prices saw a small dip on Thursday morning after the Energy Information Administration reported an inventory build of 10.2 million barrels for the week to October…
Shift In U.S. Policy On Iran Oil Could Swing Global Markets
Back in August, we reported that Iran oil exports had hit record highs thanks in large part to the Biden administration opting to look the other way as Tehran…
Shale Consolidation Could Put A Permanent Lid On Oil Output
Back in April, the Wall Street Journal reported Exxon was interested in acquiring Pioneer Natural Resources. The company is the biggest independent producer in the Permian and…
Mega Merger And Revenue Boost: Exxon Wants To Rule The Shale Patch
Back in April, Exxon Mobil’s (NYSE:XOM) CEO Darren Woods touted to investors the company's newly created ‘Low Carbon’ business which he claimed has the potential to outperform its legacy oil and…
Israel-Hamas War Has Divided Commodity Traders
The war between Hamas and Israel that erupted last weekend has caused confusion in the commodity investment sector, with funds rushing to divest stocks sensitive to turmoil in the Middle…
OPEC Warns Net Zero Push Endangers Global Energy Security
Climate action to reach net zero undermines investment in the oil sector and jeopardises global energy security, warned OPEC. General secretary Haitham al-Ghais took aim at…
Goldman Sachs: Hamas Attacks Will Have No Immediate Impact On Oil Inventories
Investment bank Goldman Sachs says there will be no immediate major effect on near-term oil market inventories related to the terrorist attacks on Israel on Friday. Goldman Sachs has, however,…
Hamas Attack Brings Middle East War Premium Back To Oil Markets
War premium returned to the oil market on Monday after the weekend attack by Hamas on Israel, which upended—again—the geopolitical landscape in the world’s most important oil-exporting region, the Middle…
OPEC+ Stands Firm As Global Oil Demand Teeters
Last week, OPEC+ decided to keep current oil production cuts in effect until the end of the year. The announcement was anything but surprising, and yet crude oil prices fell…
Maduro’s Sabre Rattling Reignites The Venezuela-Guyana Border Dispute
Tensions over a long-running border dispute between Venezuela and Guyana are flaring once again. The decades-long squabble originates from Venezuela’s claim over the Essequibo, a sparely populated but resource-rich predominantly…
Biden To Slash Offshore Oil And Gas Leasing In New Plan
President Biden has once again reduced oil and gas leasing after focusing on ramping up production from exciting oilfields in the last couple of years. In September, the Biden administration’s…
China’s EV Revolution Paves Way For India's Oil Dominance
There is widespread speculation that India could soon overtake China in terms of its oil demand to become the biggest consumer in the world. As China’s investment in renewable energy,…
U.S. Oil Rigs Decrease for Second Week Running, Gas Rigs Rise
The total number of active drilling rigs in the United States fell by 4 this week, after falling 7 last week, according to new data from Baker Hughes…
World's Top Oil Executives Commit To Energy Transition
The oil and gas industry needs to invest more in decarbonization amid an inevitable phase-down of fossil fuels underway, according to the head of one of the biggest national oil…
New Oil And Gas Discoveries Propel South Africa's Energy Renaissance
South Africa has no plans to curb its oil and gas operations in favour of a green transition just yet, as the government announces big plans to boost oil and…
The Permian Oil Boom Isn’t Over Just Yet
The Permian has more oil in place to allow output growth for the next few years, Occidental's president and CEO Vicki Hollub said this week, commenting on mounting concerns among…
