Brent


All posts for Brent

Why Oil Prices Can’t Rise Very High, For Very Long

Oil prices are now as high as they have been for three years. At this writing, Brent is $74.14 per barrel and West Texas Intermediate is at $68.76. These prices aren't really very high, if a person looks at the situation from a longer term point of view than the last three years. Figure 1. EIA ...

Gail Tverberg


Posted 1 month agoOpinion > oil priceGail TverbergBrent +4

Post-EIA Oil Inventories Commentary: S&P Global Platts Analytics - May quote Sr. Oil Analyst Jenna Delaney

Analysis of U.S. EIA Oil Inventories Data: U.S. commercial crude oil inventories decreased by 5.1 million barrels during the week ended December 8, marking the fourth consecutive weekly decline. The largest regional drawdown took place at Cushing, Oklahoma (delivery point for NYMEX oil futures ...

OilVoice Press - OilVoice


Posted 5 months agoOpinion > EIAEnergy Information Administration EIAInventories +4

Geopolitics Is Rearing Its Head Again In Oil

Brent and WTI prices are now at their highest levels in two years. With Brent almost touching US$65/b and WTI within shot of US$60/b, this is cheer for the market, where most participants had resigned themselves to a prolonged period of US$50/b oil. There are several factors propelling this rise. OP ...

Easwaran Kanason


Posted 6 months agoOpinion > WTIOPECBrent +5

S&P Global Platts Preview of U.S. EIA Data: Likely to Show Crude Oil Stocks Fell 2.7 Million Barrels

Consistent builds in crude oil inventories at Cushing, Oklahoma (delivery point for New York Mercantile Exchange or NYMEX oil futures), since early August have weighed on NYMEX crude futures, leading to a larger discount to Intercontinental Exchange (ICE) Brent, providing an incentive for U.S. crud ...

OilVoice Press - OilVoice


Posted 6 months agoOpinion > S&P Global PlattsS&PUnited States +6

Widening Brent-WTI Price Spread Unlikely to Change East Coast Crude Oil Supply

Source: U.S. Energy Information Administration, based on Thomson Reuters In September and October 2017, the difference between domestic and foreign crude oil prices has risen to the highest level since 2015. In the past, price differences between West Texas Intermediate (WTI) and Brent crude o ...

OilVoice Press - OilVoice


Posted 6 months agoOpinion > EIAEnergy Information Administration EIABrent +5

Oil price, SDX, Tullow And finally...

  Oil price With very quiet trading today crude oil is virtually unchanged after another positive week. Yesterday Brent closed within spitting distance of the much spooked $60 level although it was a 27 month high for the marker. A combination of factors is keeping oil high some more tangible t ...

Malcolm Graham-Wood - Malcy's Blog


Posted 6 months agoOpinion > oil priceSDX EnergyTullow Oil +3

US Crude Gains More Market Share in Asia

The spread between the world's two benchmark crude oil markers – Brent and WTI – is currently hovering at US$6/b. This is the widest gap between the two for a long while, first breaching the tight US$2/b spread range since 2015 in the run up to Hurricane Harvey as traders fretted that widespread ref ...

Easwaran Kanason


Posted 7 months agoOpinion > OPECOil & GasEnergy +4

Shell - Public consultation begins on Brent oil and gas field decommissioning programme

An extended 60-day public consultation on recommendations to decommission the Brent oil and gas field in the North Sea has begun today following submission by Shell U.K. Limited (“Shell”), the field's operator, of a comprehensive decommissioning programme to the Department for Business, Energy and ...

OilVoice Press - OilVoice


Posted 1 year agoPress > ShellDecommissioningBrent

Fixing Brent

Brent Market Discussion Note  9th January 2017  Contents The Problems with Brent. 3 Propping Up the Status Quo. 4 Kicking Away the Crutches- the Consilience Proposed Brent Methodology. 5 An Important Principle. 6 Quality Adjustment: the Current Problems. 6 Compensation for Quality Variations ...

Liz Bossley


Posted 1 year agoOpinion > BrentbenchmarkPlatts +2

Keeping Dated Brent current as North Sea production declines: Fuel for Thought

One of the most dominant conversation topics in the crude world over the last several years has been the declining production profile in the North Sea region. North Sea grades—and particularly the light, sweet, distillate-rich crudes that have dominated regional production historically—have formed ...

OilVoice Press - OilVoice


Posted 1 year agoOpinion > PlattsBrentNorth Sea