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Louisiana Light • 4 days | 81.05 | -1.02 | -1.24% | ||
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Bonny Light • 153 days | 78.62 | -2.30 | -2.84% | ||
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Opec Basket • 4 days | 83.15 | +1.43 | +1.75% | ||
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Mars US • 443 days | 73.93 | -1.23 | -1.64% | ||
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Gasoline • 17 mins | 2.125 | +0.013 | +0.61% |
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Bonny Light • 153 days | 78.62 | -2.30 | -2.84% | ||
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Girassol • 153 days | 79.56 | -1.80 | -2.21% | ||
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Opec Basket • 4 days | 83.15 | +1.43 | +1.75% |
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Peace Sour • 2 days | 69.85 | -0.86 | -1.22% | ||
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Light Sour Blend • 2 days | 70.10 | -0.86 | -1.21% | ||
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Syncrude Sweet Premium • 2 days | 73.35 | -0.86 | -1.16% | ||
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Central Alberta • 2 days | 69.70 | -0.86 | -1.22% |
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Eagle Ford • 4 days | 75.16 | -0.14 | -0.19% | ||
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Oklahoma Sweet • 4 days | 75.25 | -0.25 | -0.33% | ||
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Kansas Common • 4 days | 65.51 | -0.14 | -0.21% | ||
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Buena Vista • 1 min | 78.64 | +0.73 | +0.94% |
Breaking News:
Arthur Berman
Arthur E. Berman is a petroleum geologist with 36 years of oil and gas industry experience. He is an expert on U.S. shale plays and is currently consulting for several E&P companies and capital groups in the energy sector. During the past year, he made more than 25 keynote addresses for energy conferences, boards of directors and professional societies. Berman has published more than 100 articles on oil and gas plays and trends. He has been interviewed about oil and gas topics on CBS, CNBC, CNN, CBC, Platt’s Energy Week, BNN, Bloomberg, Platt’s, The Financial Times, The Wall Street Journal, Rolling Stone and The New York Times. Berman is an associate editor of the American Association of Petroleum Geologists Bulletin, and was a managing editor and frequent contributor to theoildrum.com. He is a Director of the Association for the Study of Peak Oil, and has served on the boards of directors of The Houston Geological Society and The Society of Independent Professional Earth Scientists. He worked 20 years for Amoco (now BP) and 16 years as consulting geologist. He has an M.S. (Geology) from the Colorado School of Mines and a B.A. (History) from Amherst College.
Latest articles from Arthur
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U.S. Oil Dominance Is Coming To An End
U.S. energy dominance is over. Output is probably going to drop by 50% over the next year and nothing can be done about it. It…
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The Death Of U.S. Oil
It’s game-over for most of the U.S. oil industry. Prices have collapsed and storage is nearly full. The only option for many producers is to…
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Why The OPEC+ Output Cut Is Irrelevant
I’m in favor of the global output cut orchestrated by President Trump but let’s recognize it for what it is: largely irrelevant. Mohammed bin Salman…
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Is Saudi Arabia To Blame For The Looming Economic Recession?
Saudi Arabia has repeated the blunder it made in November 2014 by increasing oil production during an oil-price collapse. In 2014, it led to a…
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Here’s Why Oil Prices Should Go Higher
On February 11, I predicted that Coronavirus would crush oil prices. Prices collapsed on February 20. Today, prices have reversed and WTI price is $2.00 higher on…
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How Long Will The Oil Price Fear Premium Last?
The oil price rally got a big boost last week with the assassination of the Iranian General Qassem Soleimani. Will that be enough for prices…
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Why This Oil Price Rally Won’t Last
Every price rally of 2019 has ended in tears. The latest will probably end similarly. It is based on hope that ending the U.S. –…
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A New Trend In Natural Gas: Just-In-Time Supply
U.S. natural gas prices reached the highest maximum level in 4 years this winter. That’s because of a new “just-in-time” gas supply paradigm that relies…
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Oil Is Set To Rise, But The Rally May Not Last
The United States is no longer over-supplied with oil. That sounds like good news. The bad news is that it may signal lower oil prices…
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One Last Warning For The U.S. Shale Patch
Oil price lost 44% of its value late last year. That price collapse was a signal to tight oil companies to stop over-producing. The message…
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Why Oil Prices Could Still Go Lower
Crude markets had a panic attack in August and September that sent prices soaring. Sanity is now returning. Prices have fallen but are likely to…
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Are Natural Gas Prices Set To Spike?
Natural gas storage is at record low levels but prices are falling going into winter heating season. Markets seem to be betting that wellhead supply…
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Ignore The Hype – Oil Prices Aren’t Going Back To $100
The breakout in Brent crude prices above $80 this week has prompted analysts at the sell side banks to start talking about a return to $100…
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Shale Won’t Trigger The Next Financial Crisis
Many think that debt and negative cash flow by U.S. shale companies will crash the global financial system. I believe the opposite is more likely,…
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Is $65 The Ceiling For WTI?
The oil price rally that began a year ago is at a crossroad. In February, WTI futures fell from a 3-year high of more than…
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Can WTI Hit $70 In 2018?
Comparative inventory (C.I.) has been dramatically reduced in 2017. Levels have fallen 159 mmb since February and are now approaching the 5-year average for the…
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Oil Prices Poised To Rise In Early 2018
Oil prices will be lower for longer—that is the conventional wisdom. Data suggests, however, that oil supplies are tightening and that higher prices are likely in…
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Can WTI Break Out Of The High $40s?
The most likely case is that WTI will remain stuck in the upper $40 to lower $50 range through December 2017. Comparative inventories have fallen…
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Are Strong U.S. Crude Inventory Draws Sustainable?
The decline in U.S. comparative inventories since February is the most significant oil market development since prices collapsed three years ago. It means that U.S.…
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Permian Oil Reserves Are Grossly Exaggerated
We are entering a new age of American energy dominance according to Energy Secretary Rick Perry. President Trump reflected that view in comments he made last week that…
