 |
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% |
Tight Global Oil Supply To Linger For Years: Exxon
Global oil supplies will remain…
How Permian Innovations Propelled U.S. Crude Production To New Heights
Despite OPEC's efforts to elevate…
Energy / Crude Oil
Crude Oil Awaiting Guidance
Crude oil is starting the new week on a down note as economic worries continue to dictate near-term price direction. Last week oil lost an enormous 8.6% after double dip…
A Downshift in US and Chinese Growth Marks a Critical Break for Crude
Is the global economy facing a double dip recession and a new financial crisis? That is the concern that made the capital markets swoon Thursday. A disappointing round of data…
Oil’s Irreplaceable Role in the Global Energy economy
Back in 2006, George W. Bush declared that the US is “addicted to oil.” Since then, that phrase has been repeated ad nauseum by politicos on both the Left and…
Oil company Chiefs Push for Lifting of Drilling Freezes
I watched Tuesday's hearing on offshore drilling operations and safety by the Energy and Environment Subcommittee of the House Energy & Commerce Committee, which featured the CEOs of ExxonMobil, Chevron,…
Uganda’s Oil Opportunity
Uganda’s recent oil discovery has the chance to reshape relations with its neighbours and the West as energy multinationals eye potential opportunities. The Great Rift Valley of East Africa -…
High Hurricane Activity Threatens Gulf Oil Production, Cleanup Efforts
As hurricane season begins in the Caribbean and Gulf of Mexico, forecasters are predicting higher-than-usual activity that could disrupt oil and gas production in the Gulf and hinder efforts to…
The Death of BP?
It was about six weeks ago that the man I work for walked into my office and asked what was happening in the world of energy. “This oil leak in…
Big Oil is Paying
In 2006, when I wrote this, and culled directly from their 10K, ExxonMobil paid $30.7 billion in excise taxes, $41.6 billion in other "taxes and duties", and $59.4 billion in…
Middle East producers see more heavy oil in their future
Middle East oil countries should increase production of heavy oil as oil prices remain higher and improved technology makes it easier, those attending an industry conference in Bahrain were told.…
Our Unhealthy Addiction to Oil
The Deepwater Horizon disaster in the Gulf of Mexico is providing barrels of new ammunition to pundits on both the Right and the Left who contend we have to end…
Canada’s Oil Sands Set to Become Biggest Source of U.S. Oil Imports, Report Says
Canadian oil sands will probably become the No. 1 source of U.S. crude oil imports this year, and could make up more than a third of the nation’s oil…
Greenland Proceeds with Plans for Offshore Drilling in Arctic Waters
While the oil spill from a sunken drilling rig in the Gulf of Mexico threatens to become an environmental disaster, plans are proceeding for opening up new drilling territories in…
Gulf Oil Spill Threatens Halt to White House Offshore Drilling Plans
The oil spill in the Gulf of Mexico from a collapsed offshore drilling rig could affect White House plans to extend offshore drilling, press secretary Robert Gibbs acknowledged as the…
Where would we be without offshore oil?
As oil continues to pour into the Gulf of Mexico, I thought it might be helpful to review how we got where we are today. The graph below shows total…
Iran Storing Oil at Sea Due to Weak Demand
Iran, the world's fifth-largest oil producing nation, is increasing the amount of oil is stores in tankers at sea. Iranian officials say this is due to refinery overhauls and seasonality,…
Chinese Purchase of Oil Sands Stake Could Revalue Resource
The acquisition of a 9% stake in the Syncrude oil sands venture by China’s Sinopec for $4.65 billion – substantially more than expected – could pave the way for a…
Texas Acquisition Shows Shift of Gas Producers to Oil Investment
SandRidge Energy’s agreement this week to acquire Arena Resources, a producer of conventional oil in West Texas, for $1.6 billion is the latest example of natural gas companies seeking to…
U.S. Decision on Offshore Drilling Holds Promise of Future Oil, Brings Immediate Debate
President Barack Obama’s move to lift a moratorium on new offshore drilling leases and to designate further areas for exploration won’t produce much oil in the near future, but is…
EU Fuel Standards Become Latest Oil Sand Battlefield for Environmentalists
The latest draft of European Union fuel standards appears to mark a lobbying victory for the Canadian oil industry because it drops tighter restrictions originally envisaged for crude oil derived…
Oil Sands Potential for Energy Security
The increasing use in the United States of gasoline, jet fuel and other petroleum products made from Canada’s oil sands has aroused opposition from Canadian and U. S. environmentalists equal…
