 |
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% |
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Energy / Crude Oil
How Large Are World Proved Oil Reserves?
Rystad Energy in a June 29th press release reported that its most recent assessment of the true size of the world’s proved oil reserves stands at 285 billion barrels, a…
Global Fossil Fuel Subsidies Skyrocket To $7 Trillion
This weekend, the chief executive of BP, Bernard Looney, said that the world needs to invest in more oil and gas production. Just two years ago,…
Suriname Oil Boom Back On Track As New Discoveries Excite Investors
Suriname’s President Chan Santokhi had pinned his hopes on a massive oil boom to reinvigorate the former Dutch colony’s crisis-prone economy. Those hopes were dashed when French energy supermajor TotalEnergies
Permian Rig Count Drops Amid Rising U.S. Crude Production
The total number of active drilling rigs in the United States fell by 10 this week, according to new data from Baker Hughes published Friday. The…
Oil Industry Not Spending Enough To Balance Supply & Demand
After years of warnings of failure to invest in enough new exploration, the industry has begun spending more. Yet, it would still be less than is necessary to secure enough…
Venezuela Could Boost Oil Output If U.S. Sanctions Are Eased
A potential temporary relief to the U.S. sanctions against Venezuela could jumpstart the oil industry in the South American country where output has slumped to a five-decade low. The…
Equinor Boosts Oil And Gas Production With New Expansion Project
Equinor has started production at Statfjord Øst, which is expected to boost production by a total of 26 million barrels of oil equivalents from the project, the Norwegian energy major…
Vaca Muerta's Sweet Crude Attracts Global Energy Giants
Argentina’s shale oil and gas boom is gaining momentum despite the political and economic dysfunction engulfing Latin America’s third-largest economy. There are signs that Argentina will become a major source…
New Mexico’s Record Oil Output To Generate $3.5 Billion Budget Surplus
New Mexico’s Record Oil Output To Generate $3.5 Billion Budget Surplus A record-high crude oil production in New Mexico this year is expected to boost the state’s income for…
Seven-Week Oil Price Rally Ends, But Fundamentals Support Bulls
The seven-week old oil price rally triggered by tightening oil markets has suddenly hit the skids after weak economic data coming from China weighed on market sentiment. China's worsening property…
Is Namibia The Next Guyana For Oil?
In September 2022, Namibia’s mines and energy minister said that discoveries made in the country by Shell and Total could be in the billions of barrels. The two supermajors…
Oil Moves Higher On Large Crude Inventory Draw
Crude oil prices moved higher today, after the Energy Information Administration reported an inventory draw of 6.1 million barrels for the week to August 18. This compared with…
Shale E&Ps In High-Gear Consolidation: Big Fish Seize Top-Tier Acreage
We are in the later stages of a consolidation phase in shale-oriented E&P’s that began in late 2020 and has continued since without much let up. Put simply,…
Namibia's Oil And Gas Sector Sparks Global Investment Rush
Namibia could see an oil boom thanks to several major discoveries that suggest there could be more oil yet to come. An influx of foreign investment has helped Namibia to…
Iran Oil Exports Surge above 2 Million Bpd
Iran’s crude oil exports have this month swollen to more than 2 million barrels daily, including condensates, and may remain elevated at a time when other OPEC members are shrinking…
Africa's New Oil Boom: Path To Prosperity Or Debt Trap?
While some low-income countries are hopeful about the potential for oil and gas wealth, as seen in many of the new African developments, other countries may feel forced into fossil…
Global Oil Consumption Nears All-Time Highs
In June, the Energy Institute released the 2023 Statistical Review of World Energy. As explained in previous articles, this was formerly the BP Statistical Review, but BP…
South America Struggles To Balance Oil Economy And Environment
The populations and leaders of several South American countries are determining the fate of their natural resources, as the question of a green transition and deforestation loom over them. In…
North Sea Oil And Gas In Jeopardy As Financing Falters
The UK’s oil and gas sector faces the growing prospect of a cash crunch, with the Treasury’s latest attempts to lure lenders back to the North Sea this…
U.S. And China Top The Chart In Global Oil Consumption
Even with the share of renewables in electricity production rising continuously over the past years, oil remains the world's most important…
