 |
Louisiana Light • 2 days | 86.68 | -2.47 | -2.77% | ||
|
Bonny Light • 1 day | 88.73 | -1.64 | -1.81% | ||
|
Opec Basket • 2 days | 89.64 | -0.54 | -0.60% | ||
|
Mars US • 168 days | 77.67 | -1.57 | -1.98% | ||
|
Gasoline • 10 mins | 2.691 | -0.022 | -0.82% |
|
Bonny Light • 1 day | 88.73 | -1.64 | -1.81% | ||
|
Girassol • 1 day | 89.30 | -1.63 | -1.79% | ||
|
Opec Basket • 2 days | 89.64 | -0.54 | -0.60% |
|
Peace Sour • 5 hours | 75.30 | -0.05 | -0.07% | ||
|
Light Sour Blend • 5 hours | 78.35 | -0.05 | -0.06% | ||
|
Syncrude Sweet Premium • 5 hours | 85.30 | -0.05 | -0.06% | ||
|
Central Alberta • 5 hours | 75.70 | -0.05 | -0.07% |
|
Eagle Ford • 2 days | 79.17 | -2.67 | -3.26% | ||
|
Oklahoma Sweet • 2 days | 79.25 | -2.50 | -3.06% | ||
|
Kansas Common • 2 days | 73.00 | -2.50 | -3.31% | ||
|
Buena Vista • 2 days | 86.86 | -2.40 | -2.69% |
Europe's Love Affair with Electric Cars Wanes as Sales Plunge
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Russia Intensifies Strikes on Ukraine’s Energy Infrastructure
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News
Saudi Refinery Targeted With Drone Attack
An unnamed party attacked a Saudi refinery in Riyadh with a drone and caused a small fire, the Saudi energy ministry said, as quoted by Reuters. The attack was…
Big Oil Is Planning $38 Billion In Buybacks This Year
With WTI at over $107 per barrel, and Brent at $111, energy stocks are setting record highs and buybacks are in the air. Bloomberg
$4 Gasoline Could Lead To Demand Destruction In The U.S.
More than half of all Americans said they would change their driving habits or lifestyle if the cost of gasoline rose to $4 per gallon, new AAA survey data shows.…
Russia Will Have To Shut In Oil Production As Crude Becomes Too Toxic To Touch
Russia will have to shut in some of its oil production as it will not be able to sell all the volumes displaced from European markets to other…
Scotland: North Sea Oil Can’t Fill The Russian Supply Gap
North Sea oil and gas fields cannot in the short term fill the gap that Russia is leaving in the UK and global supply of crude, because expanding production would…
Is A U.S. Oil Export Ban “The Stupidest Thing You Could Ever Imagine”?
The idea to restrict or ban exports of U.S. crude oil and liquefied natural gas (LNG) is the “stupidest thing,” ConocoPhillips chief executive officer Ryan Lance said this week as…
Sky-High Steel Prices Leave China In A Precarious Position
The ongoing Russian-Ukraine conflict has impacted metal prices, including steel raw materials, and ferrous products prices. Metal prices, raw materials on the rise Iron…
Gold Climbs Above $2,000 As Ceasefire Talks Crumble
Gold resumed its charge this afternoon after the price faltered this morning on hopes of diplomatic progress between Russia and Ukraine. The price fell to $1972…
Volkswagen Chief: Ukraine War Could Be Worse Than COVID For Europe
Volkswagen CEO Herbert Diess told the FT in an interview published Thursday that a prolonged war in Ukraine would be "very risky" for…
Palladium Prices Are Soaring As Russian Sanctions Sting
The Russian invasion of Ukraine has yielded commodity price volatility spanning across sectors. Russia is a major producer of platinum and palladium. Palladium primarily goes toward…
War-Related Oil Price Volatility Leaves Shale Acquisitions In Limbo
Confusion over asset valuation as oil prices are on their wildest ride in history over Russia’s invasion of Ukraine has put some deals in the U.S. shale patch on hold,…
Shell Is Betting Big On Offshore Wind Following UK Ban On Russian Oil
Two energy giants will pump £75 million into offshore wind projects, which could light 8.5 million homes, as Britain looks to wean itself on dependence for Russian oil.…
Aramco Adds Pressure To Tight Diesel Market With Massive Purchase Tender
In a rare move, Saudi Aramco has announced a tender for the purchase of between 1.2 and 4.6 million barrels of low-sulfur diesel fuel, adding pressure on an already tight…
U.S. Energy Secretary Calls On Oil Industry To Pump More
U.S. Energy Secretary Jennifer Granholm has called on the oil industry to ramp up production in response to soaring fuel prices. "We are on a war footing," Granholm said at the…
Senator Warren Wants ‘’Windfall Tax’’ On Oil Profits
As prices at the pump continue to rise for Americans, and as U.S. President Joe Biden warns oil and gas companies about price-gouging to take advantage of profits…
German Advisors Rule Out Extending Nuclear Plant Lifespan To Combat Energy Fears
The flip flopping in Germany over nuclear power continues, with Germany’s economy and environment ministries now reverting back to their old tune of advising against extending the life…
California County Rejects Exxon’s Plan To Restart Oil Wells
The Santa Barbara County in California rejected this week a proposal from ExxonMobil to transport oil via tanker trucks that would have been a step toward restarting three oil…
Japan Considers Its Options After U.S. Ban On Russian Oil
Japan is considering its options about Russian oil after the United States banned on Tuesday U.S. imports of energy from Russia, including oil, coal, and LNG. Japan has been in…
U.S. Oil Import Ban To Leave More Russian Crude Unsold
The U.S. decision to ban imports of Russian oil is likely to worsen Russia’s struggles to sell its cargoes as buyers will avoid Russian crude even more than they have…
Shale CEOs Meet With U.S. Officials Amid Surging Oil Prices
After more than a year of little to no dialogue with the U.S. oil industry, officials from the Biden Administration are set to meet with shale executives this week to…
