 |
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 | 2.159 | +0.030 | +1.41% |
|
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% |
Natural Gas Demand Suggests The IEA Got Peak Demand Wrong
Despite the muted outlook for…
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Energy
China's Economic Woes Weigh On Oil Prices
Oil prices are once again under pressure due to uncertainty about China's economy, with the latest manufacturing data reigniting demand fears.
How Today’s Energy Bottlenecks Could Bring Down Major Governments
Recently, I explained the key role played by diesel and jet fuel. In this post, I try to explain the energy bottleneck the world is facing because of an inadequate supply…
New Tech Hubs Pave The Way for U.S. Leadership In Green Innovation
President Biden has announced the creation of 31 new regional tech hubs aimed at advancing technologies critical to economic growth, national security and job creation. The growth of these designated…
Why Wall Street Financiers Are Flocking To Saudi Arabia
Saudi Arabia welcomed last week top financiers and technology tycoons to attract additional investments in its economy, which it is looking to diversify from oil. The Future Investment Initiative (FII)…
BP's Green Transition Plan Faces Investor Skepticism
BP missed analyst expectations in its third-quarter earnings, with a 60 percent year-on-year decline in profits for the three months to October, blaming…
Russia’s Oil Exports Climb Despite Its Commitment To Cut Supply
Russia’s crude oil exports by sea have been exceeding the country’s targeted export reductions as part of the OPEC+ pact for weeks, with the most recent week’s observed…
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…
Israel-Hamas Conflict May Destabilize LNG Supply To Europe
Europe's energy security remains fragile, reliant on a complex web of international supply options. In recent years, the East Mediterranean region, particularly Egypt and Israel's offshore gas production, has emerged…
Stronger Policies Needed For Global Net Zero Goals, Says IEA
The International Energy Agency (IEA) just released its World Energy Outlook 2023 report. The full report may be found here.
How The Energy World Will Look In 2030
This October, the International Energy Agency (IEA) published its World Energy Outlook 2023, forecasting the likely end-of-decade energy scenario given the current global pipeline and climate policies. While the world’s…
The Political And Economic Implications Of The EV Transition
This essay is based on the opening remarks delivered at a recent SOHO Forum Debate on electric vehicles. If we could…
EU Legislation Targets Misleading Carbon Claims
Following the EU ban on companies claiming their products are climate-neutral, many decarbonisation claims from a range of companies are under scrutiny. As international organisations and governments worldwide encourage all…
World Bank: Major Escalation In Israel-Hamas War Could Send Oil Soaring To $157
Oil prices are set to average $81 a barrel in 2024 in case the Hamas-Israel war doesn’t spill over to the region—otherwise, in a ‘large supply disruption’ scenario,…
Global Carbon Market Hits $800 Billion Despite Dwindling Trade Volumes
A few days ago, we reported that green and socially responsible investments, aka ESG (Environmental, Social, and Governance) investing, have slowed down dramatically amid multi-year highs in oil and…
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…
U.S. Oil Drillers Add 1 Rig As Rut Continues
The total number of active drilling rigs in the United States rose by 1 this week after climbing by 2 last week, according to new data that Baker Hughes published…
Middle East Producers Cautious To Hike Prices In Tight Market
Tensions in the Middle East escalated just as oil prices declined into potentially dangerous territory for major OPEC+ players such as Saudi Arabia. Before October 7, Dubai was…
