 |
Louisiana Light • 1 day | 87.12 | +0.03 | +0.03% | ||
|
Bonny Light • 1 day | 88.20 | -0.49 | -0.55% | ||
|
Opec Basket • 1 day | 86.51 | -1.01 | -1.15% | ||
|
Mars US • 172 days | 77.26 | -1.51 | -1.92% | ||
|
Gasoline • 10 mins | 2.709 | +0.024 | +0.88% |
|
Bonny Light • 1 day | 88.20 | -0.49 | -0.55% | ||
|
Girassol • 1 day | 88.64 | -0.56 | -0.63% | ||
|
Opec Basket • 1 day | 86.51 | -1.01 | -1.15% |
|
Peace Sour • 10 hours | 75.10 | -0.32 | -0.42% | ||
|
Light Sour Blend • 10 hours | 78.15 | -0.32 | -0.41% | ||
|
Syncrude Sweet Premium • 10 hours | 85.10 | -0.32 | -0.37% | ||
|
Central Alberta • 10 hours | 75.50 | -0.32 | -0.42% |
|
Eagle Ford • 1 day | 79.33 | -0.29 | -0.36% | ||
|
Oklahoma Sweet • 4 days | 79.75 | +0.50 | +0.63% | ||
|
Kansas Common • 1 day | 73.00 | -0.50 | -0.68% | ||
|
Buena Vista • 4 days | 87.31 | +0.41 | +0.47% |
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News
Nigeria Boosts Oil Reserves by 1 Billion Barrels
Nigeria’s crude oil reserves have increased by 1 billion barrels while natural gas reserves have jumped by 2.573 trillion cubic feet (TCF), the Nigerian Upstream Petroleum Regulatory Commission (NUPRC)
Top Indian Refiner Seeks Buyers of U.S. Crude as Russian Shipments Rebound
India’s largest private refiner, Reliance Industries, has sought to resell U.S. WTI crude within weeks of buying it, anonymous trading sources familiar with the matter told Bloomberg, as…
Russia’s Seaborne Crude Oil Exports Hit 11-Month High
Russia exported the highest level of oil from its ports in 11 months in the week to April 14, as export terminals likely shipped more crude that couldn’t be processed…
Germany’s Oil and Gas Production Continues to Drop
German oil and gas production fell again in 2023 compared to 2022, industry association BVEG said on Tuesday, calling for increased domestic production to reduce dependence on more emissions-generating…
Fear of High Gasoline Prices May Deter Biden From Toughening Sanctions on Iran
The Biden Administration is unlikely to attempt to dramatically curtail Iranian oil exports after Iran’s attack on Israel, due to concerns about higher oil and gasoline prices in…
Mexico’s Presidential Hopeful Bets on Natural Gas and Solar
The frontrunner in Mexico’s next presidential elections, Claudia Sheinbaum, will invest billions in new natural gas generation capacity and solar power, Bloomberg has reported, citing a plan presented…
Oil Prices Rise as China’s Q1 Economic Growth Beats Expectations
China’s first-quarter economic growth data is out and it’s an expectation beater. The country’s GDP grew at a rate of 5.3% during the first three months, versus Reuters…
U.S. Will Only Extend Venezuela Sanction Relief if Progress Is Made on Elections
The United States will only extend a sanction relief regime for Venezuela if the Maduro government makes progress on commitments undertaken last year to ensure fair elections. This is according…
Israeli War Cabinet Vows Response to Iran as Oil Prices Cool Down
Israel convened its war cabinet on Monday morning, vowing a response to what is being described as a direct attack on Israel, despite various reports suggesting that Iran coordinated its…
U.S. CO2 Emissions Down 17% Since 2005, Despite 2022 Increase
U.S. greenhouse gas emissions rose 1.3% in 2022, reflecting post-COVID economic recovery, but declined 17% since 2005, according to the Environmental Protection Agency’s (EPA) Annual US Greenhouse Gas Inventory (GHG…
Russia Is Bringing Back Refining Capacity Hit by Ukrainian Drones
Russia has brought back online some oil refining units in recent weeks, reducing the capacity taken offline by Ukrainian drone hits to around 10%, from 14% at the end of…
BP Cuts Jobs as Supermajor Scales Back EV Charging Unit
BP has cut over a tenth of its workforce in its EV charging business, BP Pulse, as the supermajor is downsizing the division and retreating from several countries to focus…
U.S. Congress to Vote on Further Iran Sanctions
Following the Iranian drone attack against Israel this weekend, the U.S. House of Representatives is set to vote on Monday on several bills toughening sanctions on Iran, including one
Kazakhstan Vows to Compensate for Exceeding OPEC+ Quota
Kazakhstan exceeded its oil production quota under the OPEC+ deal by 131,000 barrels per day (bpd) in March, due to the weather and heating season requirements, the country’s Energy Ministry
China Is Leading the Global Nuclear Power Build Out
China is currently constructing a total of 26 nuclear power units with a combined capacity of 30.3 gigawatts (GW), the highest in the world, according to a report by the…
Traders Bet on $100 Oil at Record Pace
Traders flocked to the crude oil options market last week, trading record numbers of call options that Brent would hit $100 per barrel in the coming months, data compiled by
Russia and China Evade Sanctions by Trading Copper Disguised as Scrap
Russia has been exporting newly-made copper rod to China disguised as copper scrap in recent months—a new trade avenue for the two regimes that has been evading Western sanctions on…
Japan Loads the World’s Biggest Nuclear Reactor With Fuel
Japan’s Tokyo Electric Power Co. has loaded its biggest nuclear power plant, Kashiwazaki Kariwa, with fuel for the first time since the Fukushima disaster, Bloomberg has reported. The move…
Goldman Sees Limited Upside for Oil Prices Despite Rising Geopolitical Risk
Goldman Sachs analysts have brushed off the latest events between Iran and Israel as a bullish factor for oil prices, citing potential hedging by producers. “Our commodities strategists do not…
Oil Prices Start the Week Lower Despite Iran Attack on Israel
Crude oil prices began trade today with a decline following Iran’s retaliatory strike on Israel that the latter said had only done limited damage. "An attack was largely priced in…
