This report provides an overview of global oil and natural gas market trends, including price changes, production data, and geopolitical developments impacting energy. Argentina is rapidly emerging as a major south american oil and natural gas producer, driven by the successful exploitation of the massive vaca muerta shale play. Detailed analysis of crude oil price movements and crude oil news which looks at geopolitics and technical advancements affecting the oil sector
The current price of west texas intermediate (wti) crude oil today is $60.98 per barrel And canadian rig count and drilling data, and use oilprice.com's graphing tools to compare oil prices, frac spread, production and drilling data per basin or province. Live charts, historical data, futures contracts, and breaking news on wti prices can be found below.
Oil production growth is slowing due to natural depletion and rising costs, especially in the permian basin, but new federal estimates could offset geological limits.
