 |
Louisiana Light • 3 days | 87.12 | +0.03 | +0.03% | ||
|
Bonny Light • 1 day | 89.32 | +0.45 | +0.51% | ||
|
Opec Basket • 3 days | 86.51 | -1.01 | -1.15% | ||
|
Mars US • 173 days | 77.26 | -1.51 | -1.92% | ||
|
Gasoline • 20 mins | 2.745 | +0.011 | +0.39% |
|
Bonny Light • 1 day | 89.32 | +0.45 | +0.51% | ||
|
Girassol • 1 day | 89.90 | +0.45 | +0.50% | ||
|
Opec Basket • 3 days | 86.51 | -1.01 | -1.15% |
|
Peace Sour • 23 hours | 76.56 | +1.46 | +1.94% | ||
|
Light Sour Blend • 23 hours | 79.61 | +1.46 | +1.87% | ||
|
Syncrude Sweet Premium • 23 hours | 86.56 | +1.46 | +1.72% | ||
|
Central Alberta • 23 hours | 76.96 | +1.46 | +1.93% |
|
Eagle Ford • 3 days | 79.33 | -0.29 | -0.36% | ||
|
Oklahoma Sweet • 6 days | 79.75 | +0.50 | +0.63% | ||
|
Kansas Common • 2 days | 73.50 | +0.50 | +0.68% | ||
|
Buena Vista • 3 days | 87.02 | -0.29 | -0.33% |
Profit Taking Is Putting Downward Pressure on Oil Prices
Oil prices fell this week…
Oil Price Volatility Soars Amid Geopolitical Uncertainty
Oil price volatility has climbed…
Coal Continues to Thrive Despite Pledges for Clean Energy
Despite global commitments to clean…
Energy
Standard Chartered: Global Oil Demand Will Pick Up Strongly In May And June
Oil prices have held steady week on week despite a significant inventory build in U.S. crude two weeks ago, which was countered by a draw in U.S. crude…
China Is Winning The Race for Affordable EVs
While U.S. and European automakers struggle with weaker demand for electric vehicles, China is churning out a growing number of small and cheap EVs that are taking over the domestic…
$2-Trillion Funding Gap Casts Shadow over Energy Transition
Investments in the energy transition are falling way short of what is needed for its success. The fresh warning comes from BlackRock, which said annual investments in the shift away…
Reuters Estimates: Russian Oil and Gas Revenue to Double in April
Higher oil prices are expected to double Russia’s oil and gas revenues in April compared to the same month last year, according to Reuters calculations based on data from…
Oil Moves Higher on Inventory Draw
Crude oil prices ticked higher today after the U.S. Energy Information Administration reported an estimated decline of 6.4 million barrels in inventories for the week to April 19. This
Nuclear Tensions Rise as Poland Offers Territory for NATO Warheads
Poland has upped the nuclear rhetoric with Russia, on Monday suggesting NATO nuclear warheads could soon be positioned on its territory. It comes amid general NATO euphoria in the wake of the…
Texas Deepwater Oil Export Projects Stall
Slowing U.S. crude oil production growth and changed global oil flows have stalled projects by pipeline giants and oil majors to have deepwater ports built off the Texas coast to…
How Iraq Continues To Trick Washington
Back in 2020, a senior Washington-based lawyer who has long worked closely with the U.S. Treasury Department exclusively told OilPrice.com that: “Just like Pakistan was with Al Qaeda and us, we know…
Four Big Mistakes in Deregulating the Electricity Industry
When policymakers both here and abroad deregulated and restructured the electricity industry they made four big mistakes. And we are still living with them. Number 1: The architects of deregulation,…
Oil Takes a Breather as Geopolitical Risk Eases
WTI crude hangs above $80 per barrel as geopolitical risks have eased somewhat, but haven't disappeared altogether.
Tesla Investors Brace for Worst Financial Report in 7 Years
Tesla is slated to report earnings today and, as FT notes, investors are bracing for the "worst results in 7 years" from the…
Why Biden is Unlikely to Enforce the New Iran Oil Sanctions
Over the weekend, as part of the $95 billion package providing funding for aiding Ukraine, Israel and Taiwan which passed by a vote of 360-58 on Saturday, the…
Bitcoin Mining and Population Growth Are Pushing the Texas Grid to the Brink
The Texas energy grid faced its first high-heat litmus test of the year this month as warming April temperatures placed an early strain on utilities. Earlier this month,…
Namibia Racks Up Another Major Offshore Oil Discovery
Shares of Portuguese integrated energy operator Galp Energia (OTCPK:GLPEF) (OTCPK:GLPEY) have popped more than 20% in Monday’s early trading session after the company announced that the first phase of its exploration…
Big Oil May Not Support All Trump 2.0 Policies
Since day one of President Joe Biden's term in office, the U.S. oil and gas industry has been criticizing his energy policies, saying that these undermine America's energy and national…
Suriname’s Resource Boom is Back on Track With First Oil Targeted for 2028
Former Dutch colony Suriname shares the offshore Guyana Suriname Basin with the former British colony of Guyana, which is reaping a massive economic windfall from one of South America’s…
Weak Diesel Prices Reflect Global Economic Slowdown
Back in September last year, Bloomberg reported that refineries around the world were struggling to keep up with demand for diesel fuel. That imbalance led to soaring diesel prices,…
Saudi Aramco Eyes Stake in Chinese Petrochemical Firm
Saudi oil giant Aramco is proceeding with plans to boost its downstream presence in its most important export market, China, with discussions to buy a minority stake in a Chinese…
Why Shell Has Soured on The London Stock Exchange
A couple of days ago, we reported that scores of beleaguered solar companies in Europe are fleeing the continent amid intense competition from China and setting up shop in…
U.S. Drilling Activity Inches Up
The total number of active drilling rigs for oil and gas in the United States rose this week, according to new data that Baker Hughes published on Friday, for an…
