 |
Louisiana Light • 4 days | 89.16 | +0.62 | +0.70% | ||
|
Bonny Light • 1 day | 91.29 | -2.25 | -2.41% | ||
|
Opec Basket • 1 day | 89.57 | -1.20 | -1.32% | ||
|
Mars US • 165 days | 77.67 | -1.57 | -1.98% | ||
|
Gasoline • 10 mins | 2.789 | +0.005 | +0.19% |
|
Bonny Light • 1 day | 91.29 | -2.25 | -2.41% | ||
|
Girassol • 1 day | 91.81 | -2.21 | -2.35% | ||
|
Opec Basket • 1 day | 89.57 | -1.20 | -1.32% |
|
Peace Sour • 40 mins | 78.61 | -0.25 | -0.32% | ||
|
Light Sour Blend • 40 mins | 81.66 | -0.25 | -0.31% | ||
|
Syncrude Sweet Premium • 40 mins | 88.61 | -0.25 | -0.28% | ||
|
Central Alberta • 40 mins | 79.01 | -0.25 | -0.32% |
|
Eagle Ford • 1 day | 81.89 | -0.25 | -0.30% | ||
|
Oklahoma Sweet • 1 day | 81.75 | -0.25 | -0.30% | ||
|
Kansas Common • 4 days | 76.00 | -5.50 | -6.75% | ||
|
Buena Vista • 5 days | 88.72 | -1.19 | -1.32% |
U.S. Oil and Gas Boom Poses Challenge to Climate Goals
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U.S.’s New Hopes In Iraq Are Dashed As It Signs Longest Ever Gas Deal With Iran
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The Biden Administration cancels planned…
News
U.S. Shale Production To Drop to 7.6 Million Bpd In July
Oil production from the seven most prolific U.S. shale basins will fall to 7.632 million barrels per day, the Energy Information Administration said on Monday in its latest edition of…
Tesla’s Sales In China Surge To Record High
Sales in China of Tesla’s electric vehicles made in China rebounded to hit a record in May, five months after the first cars from the Shanghai Gigafactory were delivered to…
Estimating The Carbon Footprint Of Hydrogen Production
Hydrogen is the lightest and most abundant element in the universe. It can be used as a source of power, and it is an important feed stock for many petrochemical…
Russia To Receive $10 Billion In Tax Revenue From Local Oil Firms
Due to Russia’s taxation system, the Russian budget will receive up to US$10 billion more from local oil firms in 2020, Deputy Finance Minister…
The World's Electricity Demand Is Rising Faster Than Its Population
Electricity consumption around the world is growing faster than the population, with consumption per capita rising, the U.S. Energy Information Administration (EIA)…
Top Oil Refiners Aim To Boost Synthetic Fuel Sales
The biggest refiners in Europe unveiled on Monday a pathway to reduce emissions in the transportation sector by scaling up the production of synthetic fuels to contribute to the…
Aramco Completes $69 Billion Sabic Takeover
Saudi state oil giant Aramco has finalized the purchase of a majority stake in petrochemicals major Sabic on the Saudi stock market, Reuters reported, buying over 2 billion shares…
BP Could Book Massive $20 Billion Writeoff On Oil Assets
BP has warned it will book pre-tax writeoffs on assets and exploration to the tune of $16-21 billion in its second-quarter results as it revised down its long-term oil…
Alberta To Cut Red Tape For New Oil Projects
Canada’s oil-producing province of Alberta is moving to cut red tape under a new bill that will no longer require the cabinet to approve new oil sands projects once they…
Oil Equipment Auctions Boom As Companies Rush To Sell
As oil producers in North America slash budgets, drilling activity, and the number of working rigs, the auction market for energy equipment is thriving and most active since the 1980s…
China Continued Buying Venezuelan Oil Despite U.S. Sanctions
Oil shipments from Venezuela to China continued even after the United States tightened the screws on Venezuelan oil exports last August, threatening sanctions on all companies doing business with Nicolas…
U.S. Investigates Role Of Libyan General In Oil Deals With Venezuela
The U.S. federal government is investigating reports that Libyan General Khalifa Haftar had traveled to Venezuela to discuss oil contracts, Reuters has reported, citing a government official. An earlier…
Exxon Forced To Delay Key Refinery Expansion Due To Low Fuel Demand
Exxon will postpone the start of expansion works at its Beaumont refinery in Texas because of still slow demand for fuels, Bloomberg reported, citing unnamed sources familiar with the…
OPEC+ Cuts Effective In Reducing Oil Market Volatility
The study, OPEC's Pursuit of Market Stability, was conducted by the King Abdullah Petroleum Studies and Research Center (KAPSARC) and published by the International Association of Energy Economics. The…
Russia’s Oil Giants Butt Heads Over Pipeline Fees
Russia’s largest oil producer Rosneft and the state-owned oil pipeline monopoly Transneft added another page to their long-running confrontation when Rosneft’s CEO, Igor Sechin, complained to President Vladimir Putin, on…
Exxon Prepares To Unload North Sea Assets
ExxonMobil is considering moving forward with its sale of some North Sea assets after months of delays, industry and banking sources told Reuters on Thursday. The sale, with the potential…
Nuclear Reactor Disruptions Unlikely To Cause Blackouts In France
France doesn’t expect to see shortages of electricity or power blackouts even though nuclear power output in the country will be lower this year due to disruptions to nuclear reactors…
Turkey’s Latest Pipeline Plan Is A Move To Restore Relations With U.S
Turkey's state gas grid operator Bota? has opened a tender for a gas pipeline to supply Azerbaijan’s exclave of Nakhchivan. The new supply route would sideline Iranian gas sales to…
New Regulations Could Lead To Even More Delays For Pipeline Operators
The U.S. Federal Energy Regulatory Commission (FERC) has issued a new final rule saying that an approved natural gas project cannot proceed with construction until the commission acts on…
Oman Is Desperate For Help As Economy Crumbles
Non-OPEC oil producer Oman has been talking to other countries in the Gulf about potentially receiving financial aid to help its economy and fiscal position which are hit by the…
