 |
Louisiana Light • 3 days | 87.12 | +0.03 | +0.03% | ||
|
Bonny Light • 23 hours | 89.32 | +0.45 | +0.51% | ||
|
Opec Basket • 3 days | 86.51 | -1.01 | -1.15% | ||
|
Mars US • 173 days | 77.26 | -1.51 | -1.92% | ||
|
Gasoline • 11 mins | 2.741 | +0.007 | +0.25% |
|
Bonny Light • 23 hours | 89.32 | +0.45 | +0.51% | ||
|
Girassol • 23 hours | 89.90 | +0.45 | +0.50% | ||
|
Opec Basket • 3 days | 86.51 | -1.01 | -1.15% |
|
Peace Sour • 22 hours | 76.56 | +1.46 | +1.94% | ||
|
Light Sour Blend • 22 hours | 79.61 | +1.46 | +1.87% | ||
|
Syncrude Sweet Premium • 22 hours | 86.56 | +1.46 | +1.72% | ||
|
Central Alberta • 22 hours | 76.96 | +1.46 | +1.93% |
|
Eagle Ford • 3 days | 79.33 | -0.29 | -0.36% | ||
|
Oklahoma Sweet • 6 days | 79.75 | +0.50 | +0.63% | ||
|
Kansas Common • 2 days | 73.50 | +0.50 | +0.68% | ||
|
Buena Vista • 3 days | 87.02 | -0.29 | -0.33% |
UK Firms Embrace Reshoring Amidst Global Supply Chain Concerns
UK firms plan to invest…
U.S. Drilling Activity Inches Up
The total number of active…
Why Biden is Unlikely to Enforce the New Iran Oil Sanctions
Despite Congress passing new sanctions…
News
Saudi Arabia And Russia Sign New Military Agreement
Saudi Arabia and Russia have signed a military cooperation agreement at an arms expo outside Moscow. Saudi Deputy Defense Minister Khalid bin Salman announced on Twitter…
Enbridge Scores Major Pipeline Victory
The Minnesota Supreme Court on Tuesday declined to hear an appeal filed by opponents of the Line 3 oil pipeline project, effectively allowing…
Biden Administration To Resume Oil Leasing On Federal Land
Oil and gas leasing on U.S. federal lands will resume later this year, sources from the Biden administration have said, according to court documents cited by Reuters.
Asia’s Appetite For U.S. Sour Crude Grows Amid Falling Prices
Refiners in Asia are looking to buy more U.S. sour crude as the Mars grade’s premiums over the Dubai benchmark fell to a two-week low, traders told Reuters on…
Disappointing Crude Draw Threatens Shaky Oil Rally
The American Petroleum Institute (API) on Tuesday reported a draw in crude oil inventories of 1.622 million barrels for the week ending August 20, bringing the total 2021 crude draw…
Citgo Could Help Venezuela’s Refineries Get Started
Refiner Citgo Petroleum, the U.S. subsidiary of Venezuela’s state-held oil firm PDVSA, expects to play a “bridge” role in a Venezuelan transition once U.S. sanctions are lifted, and could help…
EU Considers Supporting Manufacturers Of Rare Earth Magnets
The European Union is considering proposals and ideas to support manufacturers of rare earth magnets—key elements in electric vehicles—as the EU looks to reduce supply chain dependence on China and…
Value Of Saudi Oil Exports Soared 123% In June
The value of Saudi Arabia’s oil exports jumped by 123.2 percent in June 2021 compared to the same month of 2020, the Kingdom’s General Authority for Statistics said on…
Russia To Allocate $8 Billion To Develop Its EV Market
Russia’s new electric vehicle (EV) strategy to have 10 percent of all cars produced electric through 2030 is set to cost the equivalent of $8 billion, Bloomberg reported on…
GM Recalls All Chevy Bolt EVs On Safety Concerns
General Motors has extended a recall for its Chevy Bolt EV to all cars with that make it has produced on concerns about the combustibility of their batteries. The company…
Mexico's Oil Production Crashes As Fire Platform Fire Kills 5
A fire that broke out at a Pemex oil platform this Sunday during maintenance killed five workers and injured another six, Pemex said in a press release, adding that…
U.S. Strategic Oil Reserve Selloff May Suppress Fuel Prices
Gasoline prices may be a thorn in U.S. President Biden’s side, but a large sale of crude oil stashed in the Strategic Petroleum Reserve could change all that. The United…
Uganda Suspends NGOs Opposing Oil Projects
The government of Uganda has suspended 54 non-governmental organizations (NGOs) for non-compliance with local regulations, including organizations fighting to protect people’s rights from planned oil projects in the African country.…
Libya Needs 40% Rise In Oil Production To Start Economic Recovery
Libya will have to raise by 40 percent its oil production—its major and almost exclusive foreign revenue stream—next year in order to meet its expenditures and start restoring the economy…
Solar Energy Generation Declines Due To Wildfires
Smoke from wildfires has reduced the amount of energy that solar panels can generate in southern Alberta this year, as particulate matter pollution prevents more sunlight from reaching the panels.…
Vaccine Mandates Reach Oil Industry
U.S. oil and gas supermajor Chevron has started to require thousands of its employees to get COVID-19 vaccinations. Chevron is also considering whether it will make vaccines mandatory for its…
Turbine Makers Left Out in Cold As Wind Power Booms
Higher raw material prices and logistics delays have prevented the world’s biggest wind turbine makers from posting bumper profits this year despite booming wind power installations and the global drive…
Mexico Bans Vitol, Trafigura From Oil Trading With Pemex
The Mexican government has banned commodity trading majors Vitol and Trafigura from doing business with state-owned oil and gas major Pemex on allegations of corruption, Bloomberg reported, citing Energy…
Brazil Discusses Gas Pipeline From Vaca Muerta Shale With Argentina
Brazil is in talks with Argentina about potentially building a $5-billion natural gas pipeline from the Argentinian Vaca Muerta shale play, Brazilian President Jair Bolsonaro said during his weekly live…
EPA Expected So Send Biofuel Quota Draft To White House
The White House is expecting draft biofuel-blending quotas from the Environmental Protection Agency imminently, according to Bloomberg. The EPA’s draft blending requirements is the precursor for the agency’s official proposal…
