 |
Louisiana Light • 2 days | 86.60 | -0.08 | -0.09% | ||
|
Bonny Light • 2 days | 88.73 | -1.64 | -1.81% | ||
|
Opec Basket • 2 days | 87.35 | -2.29 | -2.55% | ||
|
Mars US • 168 days | 77.67 | -1.57 | -1.98% | ||
|
Gasoline • 11 mins | 2.716 | +0.002 | +0.09% |
|
Bonny Light • 2 days | 88.73 | -1.64 | -1.81% | ||
|
Girassol • 2 days | 89.30 | -1.63 | -1.79% | ||
|
Opec Basket • 2 days | 87.35 | -2.29 | -2.55% |
|
Peace Sour • 4 hours | 75.30 | -0.05 | -0.07% | ||
|
Light Sour Blend • 4 hours | 78.35 | -0.05 | -0.06% | ||
|
Syncrude Sweet Premium • 4 hours | 85.30 | -0.05 | -0.06% | ||
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Central Alberta • 4 hours | 75.70 | -0.05 | -0.07% |
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Eagle Ford • 2 days | 79.21 | +0.04 | +0.05% | ||
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Oklahoma Sweet • 2 days | 79.25 | +0.00 | +0.00% | ||
|
Kansas Common • 3 days | 73.00 | -2.50 | -3.31% | ||
|
Buena Vista • 3 days | 86.86 | -2.40 | -2.69% |
Breaking News:
Russian Warships Enter The Red Sea amid Houthi Attacks
A group of warships from…
Oil Prices Surge on Fears of an Imminent Iranian Attack
Oil prices spiked on Friday…
Geopolitics / Africa
Oil More Likely to Divide Lebanon than Unite it
Lebanon has long been a country divided by its politics and its religion and now it might be further divided by its oil.Many Lebanese are elated by the…
TUNISIA: Salafi Extremism Will Affect Oil Confidence
Bottom Line: Developments during the month of May indicate that Tunisia’s Islamist government is preparing in earnest to take on the threat posed by radical Salafi forces. Analysis:…
Next Possible African Petro-State – Namibia?
Africa’s fabled mineral riches have excited foreign imaginations for centuries. When in 1324, Mali’s king Mansa Musa, who had converted to Islam 18 years earlier, made his haj…
Africa Ready to Reverse its Resource Curse
Despite current setbacks in the global economy and Africa’s failure to take advantage of the last decade’s resources boom, experts believe agricultural, mining and energy resources can boost the continent’s…
SOMALIA: This New Frontier Isn’t Ready for Oil
Bottom Line: Somalia plans to sign 30 PSCs this year with foreign oil companies and auction off over 300 new oil blocks, but oil rights here are not solidified and…
NAMIBIA: First Oil Discovery Overrides Earlier Disappointments
Bottom Line: It’s been a rough ride for Namibia explorers but this week explorers announced their first oil discovery, and while it’s not commercially viable, it could be the first…
Nigeria may be Next OPEC Member to Fall
The wealthiest man in Africa said he's secured billions of dollars in loans to help kick start the refinery business in Nigeria. OPEC-member Nigeria is forced to import most of…
GHANA-COTE D’IVOIRE: New Find, Old Maritime Dispute
Bottom Line: A new discovery by France’s Total SA (TOT) just inside territorial waters of Cote d’Ivoire will either exacerbate or speed up a resolution for a maritime boundary dispute…
KENYA: Oil Production 6-7 Years Away
Bottom Line: Close to proving commercial viability of its major finds since last year, a new report by the IMF suggests that Kenya will start producing in 6-7 years.
SOUTH SUDAN: More Good News for Oil Production
Bottom Line: Following a long-awaited agreement with Sudan that has South Sudan ready to continue oil production, other developments bode well for South Sudan output, including the integration of rebel…
Kenya Aspires to be East Africa Hydrocarbon Transit Hub
Kenya is moving forward incrementally with its massive $24 billion regional infrastructure project, the Lamu Port-South Sudan-Ethiopia Transit Corridor (LAPSSET), awarding a key tender to a Chinese company.In…
Amid Deteriorating Security, Libya Seeks Higher OPEC Quota
A day after Libya announced it would seek to increase its OPEC oil output quota once production reaches 1.7 billion barrels per day, an attack on the French Embassy recalled…
Libya's Security Should Mirror Oil Ambitions
A U.S. report on the 2012 attacks in Benghazi highlighted longstanding concerns about the threat level in Libya. The interim report from the House of Representatives followed an attack this…
YEMEN: Chaotic Venue Offers Up New Exploration Tenders
Bottom Line: Yemen is offering up new oil exploration licenses citing a great interest by foreign oil companies, but the truth is that this venue presents THE HIGHEST political risk…
Ghana Oil Boom Raises Piracy Specter
Recent significant offshore oil discoveries in Ghana will catapult the nation into Africa’s major producers club, but it will also be a boon for piracy on the high seas, which…
Egypt Lacks Oil and Sense of Humor
Egypt’s economy is in rather bad shape; practically in a shambles. Unemployment is officially placed at 13 percent, though the reality is certainly much higher. Inflation has almost doubled since…
Sudan-South Sudan: Watch Now as the Oil Flows
I’ve been skeptical about investing in either of the two Sudans without an oil and border security deal in place. That said, recent developments remove a lot of the political…
CENTRAL AFRICAN REPUBLIC: Natural Resources Shape New Govt after Rebel Seizure
Bottom Line: A new leadership is emerging for this resource-rich country after Seleka rebels seized the presidential palace in Bangui and forced CAR President Francois Bozize to flee, while French…
Sudan Auctions off Exploration Blocks, Hoping to Revive Energy Industry
South Sudan may have taken most of Sudan’s known energy reserves with it when it voted for independence in 2011, but that doesn’t mean Khartoum has given up on keeping…
DRC-RWANDA: M23 Gains Strength in Rivalry Reduction
Bottom Line: As the situation in the Democratic Republic of Congo (DRC) escalates, the surrender to international authorities of a key Congolese general linked to M23 rebels will reshape the…
