 |
Louisiana Light • 2 days | 86.68 | -2.47 | -2.77% | ||
|
Bonny Light • 18 hours | 88.73 | -1.64 | -1.81% | ||
|
Opec Basket • 2 days | 89.64 | -0.54 | -0.60% | ||
|
Mars US • 167 days | 77.67 | -1.57 | -1.98% | ||
|
Gasoline • 17 mins | 2.706 | -0.008 | -0.30% |
|
Bonny Light • 18 hours | 88.73 | -1.64 | -1.81% | ||
|
Girassol • 18 hours | 89.30 | -1.63 | -1.79% | ||
|
Opec Basket • 2 days | 89.64 | -0.54 | -0.60% |
|
Peace Sour • 9 hours | 75.35 | -2.68 | -3.43% | ||
|
Light Sour Blend • 9 hours | 78.40 | -2.68 | -3.31% | ||
|
Syncrude Sweet Premium • 9 hours | 85.35 | -2.68 | -3.04% | ||
|
Central Alberta • 9 hours | 75.75 | -2.68 | -3.42% |
|
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% |
Breaking News:
Turkey Aims to Triple Middle Corridor Trade by 2030
Turkey is striving to solidify…
U.S. Crude Production To Decline In 2024 As Shale Activity Stalls
Analysts from Standard Chartered have…
Europe's Love Affair with Electric Cars Wanes as Sales Plunge
Volkswagen's EV sales in Europe…
News
Saudi Oil Giant Aramco Could Sell More Stock Under Right Market Conditions
Saudi Arabia’s oil giant, state-held Aramco, could think about selling more of its shares under the right market conditions, the governor of the Kingdom’s Public Investment Fund (PIF) said on…
Biden Readies Ban On New Oil, Gas Drilling On Federal Lands
U.S. President Joe Biden is expected to sign on Wednesday an executive order directing federal government agencies to determine the extent of a ban on new drilling on federal lands…
Pipeline Shortage Leads To Surge In Canadian Oil-by-Rail Exports
Canadian crude oil exports transported by rail soared by 87 percent on the month in November as producers had little else to do given the now chronic shortage of pipeline…
Biden To Replace Federal Fleet With EVs
President Joe Biden has vowed to replace the almost 650,000-strong federal vehicle fleet with electric cars as part of his climate agenda. “The federal government also owns an enormous fleet…
NYC To Tackle Largest Fossil Fuels Divestment In The World
New York City Mayor Bill de Blasio and Comptroller Scott Stringer announced on Monday that two of the cities pension funds will divest completely from any securities “related to fossil…
US Gasoline Prices To Rise On Stronger Economy, Higher Demand
The U.S. national average gasoline prices are expected to rise to average $2.42 per gallon in 2021, from the lowest since 2016 of $2.17/gal in 2020, due to strengthening economy…
Saudi Arabia Looks To Stop Using Crude For Domestic Power Generation
Saudi Arabia is working to replace the use of petroleum liquids for power generation with solar energy and gas-fired capacity, Argaam reported on Monday, citing Saudi Arabia’s Energy Minister,…
Libya’s Petroleum Guard Shuts Down Oil Port
The Petroleum Facilities Guard has shut down the Hariga oil port in eastern Libya after the National Oil Corporation delayed the payment of salaries for its members, the Libya Observer…
Biden Federal Land Permitting Moratorium Shocks New Mexico
President Joe Biden’s decision to impose a 60-day moratorium on oil and gas permitting on federal lands has government officials in New Mexico scared and confused that it may…
U.S. Proved Oil Reserves Remain Flat, Natural Gas Reserves Decline
Lower crude oil and natural gas prices reversed in 2019 a two-year trend of record high proved reserves in the United States as operators revised down their total proved reserves…
World’s Top Oilfield Services Provider Optimistic About Oil Demand
The largest oilfield services provider, Schlumberger (NYSE: SLB), reported on Friday better-than-expected earnings for the fourth quarter and, like its rivals Halliburton and Baker Hughes, expects…
Elon Musk To Give $100 Million To ‘Best’ Carbon Capture Technology
Elon Musk will be giving a prize of US$100 million to the best carbon capture technology, the entrepreneur tweeted, adding that he would unveil details on this next week.…
Alberta's Premier: Killing KeystoneXL Is Gut Punch To Canadian Economy
The Premier of Alberta has called on the Canadian federal government to retaliate against the incoming U.S. administration after President Joe Biden said he would suspend the Keystone…
Keystone XL Developer Cuts 1,000 U.S., Canadian Jobs After Biden Nixes Oil Proje
TC Energy, the developer of the Keystone XL cross-border oil pipeline, is letting go of 1,000 workers in both the United States and Canada after U.S. President Joe Biden axed…
How Chinese Refiners Are Skirting Venezuela Oil Sanctions
Oil traders are mixing additives into Venezuelan crude to disguise its origin so they can sell it to Chinese refiners without either party getting stung by U.S. penalties for sanction…
OPEC+ Compliance With Oil Production Pact Drops To 99%
The producers part of the OPEC+ alliance complied with the oil output cuts at 99 percent in December 2020, down from 101 percent compliance in November, sources at the OPEC+…
Iraq Slashes 2021 Oil Exports To India To Meet OPEC+ Quota
OPEC’s second-biggest oil producer, Iraq, has reduced its term supplies for 2021 to several major Indian refiners by 10-20 percent, industry sources told Reuters, some of them noting that…
India Hopes To Import More Iranian, Venezuelan Crude Under Biden
India hopes it could diversify its oil suppliers under the new U.S. Administration that could relax restrictions on oil exports from Iran and Venezuela, India’s Oil Minister Dharmendra Pradhan told…
Baker Hughes Posts First Quarterly Profit Since Oil Collapsed In 2020
Oilfield services provider Baker Hughes (NYSE: BKR) booked its first quarterly net profit since oil prices crashed in March, reporting on Thursday a net income of $653 million…
Major Oil Producers Insulated from Biden's Leasing Ban
The biggest U.S. oil producers operating on federal land have years' worth of drilling permits and don't expect much to change in the short to medium term if President Joe…
