 |
Louisiana Light • 6 days | 81.51 | -1.33 | -1.61% | ||
|
Bonny Light • 23 hours | 76.54 | -0.95 | -1.23% | ||
|
Opec Basket • 2 days | 81.30 | -0.63 | -0.77% | ||
|
Mars US • 214 days | 76.83 | -1.47 | -1.88% | ||
|
Gasoline • 12 mins | 2.343 | -0.007 | -0.29% |
|
Bonny Light • 23 hours | 76.54 | -0.95 | -1.23% | ||
|
Girassol • 23 hours | 78.46 | -1.11 | -1.39% | ||
|
Opec Basket • 2 days | 81.30 | -0.63 | -0.77% |
|
Peace Sour • 22 hours | 67.42 | -2.77 | -3.95% | ||
|
Light Sour Blend • 22 hours | 70.47 | -2.77 | -3.78% | ||
|
Syncrude Sweet Premium • 22 hours | 77.42 | -2.77 | -3.45% | ||
|
Central Alberta • 22 hours | 67.82 | -2.77 | -3.92% |
|
Eagle Ford • 2 days | 70.70 | -2.77 | -3.77% | ||
|
Oklahoma Sweet • 2 days | 70.75 | -2.75 | -3.74% | ||
|
Kansas Common • 23 hours | 63.50 | -1.00 | -1.55% | ||
|
Buena Vista • 2 days | 78.79 | -3.26 | -3.97% |
Canada’s Oil Resurgence is Doomed Without Younger Workers
Canada's oil industry faces a…
EIA Confirms Small Crude Inventory Build, Gasoline Draw
WTI crude oil traded below…
Energy / Crude Oil
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U.S. Shale Mergers Could Bring Steadier Oil Prices
The merger mania in the U.S. shale industry has set the stage for steadier oil prices, analysts say. As producers become bigger, they focus on shareholder returns and wouldn't be…
Colombia's Oil Industry Stuck in Death Spiral
In a controversial move, Colombia’s leftist President, Gustavo Petro, banned awarding new hydrocarbon exploration contracts. He also sought to ban hydraulic fracturing in the conflict-riven country, which is economically…
U.S. Oil, Gas Drillers Stuck In A Rut
The total number of active drilling rigs for oil and gas in the United States saw no change this week, according to new data that Baker Hughes published on Friday. …
U.S. Shale Mergers Continue with ConocoPhillips-Marathon Mega Deal
The U.S. oil industry saw its latest announcement of a big merger this week after ConocoPhillips said it had agreed to buy Marathon Oil in an all-stock deal with an…
76% of Small Offshore Oil Companies at Risk
Authored by Pete McGinnis via RealClearPolicy, In June 2023, the Bureau of Ocean Energy Management proposed a rule that would require stricter financial assurance standards…
China's Oil Demand to Peak Before 2027, Says Sinopec
China Petroleum & Chemical Corporation, or Sinopec, expects oil demand in China to peak before 2027, according to the 2024 edition of the China Energy Outlook 2060 that the world’s…
Canada’s Oil Resurgence is Doomed Without Younger Workers
Canada's oil industry is booming, but companies in its top oil-producing province, Alberta, are struggling to hire and retain skilled talent to seize the opportunity of greater market access that…
Global Oil Market on Edge Ahead of OPEC+ Meeting
By Jake Lloyd-Smith, Bloomberg Markets Live reporter and strategist The global oil market is in OPEC+ walk-up mode. That should keep prices supported this week ahead…
Oil, Gas Drilling Activity Slips in the U.S.
The total number of active drilling rigs for oil and gas in the United States fell this week, according to new data that Baker Hughes published on Friday. The total…
The U.S. Is Determined to Revolutionize Its Microchip Industry
The U.S. is fighting to become one of the biggest microchip producers in the world in pursuit of taking a leading role in the global green transition. While China continues…
EIA Confirms Small Crude Inventory Build, Gasoline Draw
WTI crude oil traded below $78 today after the U.S. Energy Information Administration reported an estimated inventory increase of 1.8 million barrels for the week to May 17. This…
Russian And Iran’s New ‘Energy Corridor’ Is Packed With Dangers For The West
Two announcements made on consecutive days last week may have far-reaching consequences for the security of the Middle East and the West for years to come if they reach the…
China Tightens Its Grip On Iraq With Major Successes in Licensing Rounds
Iraq remains crucial to China’s ongoing efforts to establish dominance over the Middle East for three main reasons, which is why the slew of new ‘fifth-plus’ and sixth oil and…
Oil, Gas Activity in U.S. Holds Steady
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. The total…
SPR Levels Remain Low
Over the past week, multiple stories have appeared in the media with headline phrases like “The U.S. is refilling the Strategic Petroleum Reserves.”…
Two Sectors Driving the Future of Oil Demand
Oil demand will rise further in the medium term, according to Rystad Energy research and modeling, as low-carbon alternatives are not yet sufficiently developed or economically competitive to offset the…
Asian Refiners Diversify Away from Middle Eastern Oil
Asian refiners are reducing their intake of Middle Eastern oil in favor of crude from the United States and Brazil. The move comes amid shrinking margins and rising Saudi oil…
Banks Remain Financially Committed to Oil Despite Transition Shift
There is no large international bank without a net-zero plan. These plans invariably include curbs in lending to the oil and gas industry. Yet despite these plans. Most of the…
Could Renewable Diesel Crush Oil Demand?
By John Kingston of FreightWaves With the benchmark diesel price used for most fuel surcharges down for the fifth week in a row,…
Traders Ditch Bullish Bets on Oil
A continuously fading war risk premium and signs that regional oil markets look well supplied prompted traders to slash last week their bullish bets on crude oil at the fastest…
