 |
Louisiana Light • 2 days | 86.60 | -0.08 | -0.09% | ||
|
Bonny Light • 1 day | 88.69 | -0.04 | -0.05% | ||
|
Opec Basket • 2 days | 87.35 | -2.29 | -2.55% | ||
|
Mars US • 168 days | 77.67 | -1.57 | -1.98% | ||
|
Gasoline • 11 hours | 2.710 | -0.003 | -0.13% |
|
Bonny Light • 1 day | 88.69 | -0.04 | -0.05% | ||
|
Girassol • 1 day | 89.20 | -0.10 | -0.11% | ||
|
Opec Basket • 2 days | 87.35 | -2.29 | -2.55% |
|
Peace Sour • 19 hours | 75.30 | -0.05 | -0.07% | ||
|
Light Sour Blend • 19 hours | 78.35 | -0.05 | -0.06% | ||
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Syncrude Sweet Premium • 19 hours | 85.30 | -0.05 | -0.06% | ||
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Central Alberta • 19 hours | 75.70 | -0.05 | -0.07% |
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Eagle Ford • 2 days | 79.21 | +0.04 | +0.05% | ||
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Oklahoma Sweet • 2 days | 79.25 | +0.00 | +0.00% | ||
|
Kansas Common • 3 days | 73.00 | -2.50 | -3.31% | ||
|
Buena Vista • 3 days | 86.86 | -2.40 | -2.69% |
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News
Chinese Oil Giant Forced To Postpone Canadian Drilling Campaign
China National Offshore Oil Corporation (CNOOC) is postponing this year’s planned drilling campaign offshore Canada’s east coast because of the coronavirus pandemic, the Chinese state-held oil firm told CBC…
Terrorist Attack Halts Iranian Natural Gas Exports To Turkey
Iran’s natural gas exports to Turkey were suspended early on Tuesday local time after a pipeline explosion occurred on Turkey’s territory near the Iranian border. According to Iran’s Mehr News Agency,…
Oil Major Faces $800 Million In Write Downs As Price War Escalates
Shell expects the price collapse to lead to post-tax impairment charges of between US$400 million and U$800 million for the first quarter this year,…
How Coronavirus And An Assassination Could Transform Iran
Iran has lacked viable, legitimate, and representative governance since February 1979. That has been demonstrated by its social and economic performance domestically. Its clerical Government has not been prepared to…
How Russia Is Shedding Its Venezuelan Assets
Russia has set up a wholly state-owned oil company named Roszarubezhneft after Rosneft announced it would exit Venezuela and ditch its Venezuelan assets to a new--as of yesterday--and unnamed company,…
Trump Set To Unveil Controversial Fuel Economy Rules Today
The Trump administration will later today announce the new fuel economy rules that environmentalists have decried as harmful and compromising the United States’ efforts to fight climate change. “When finalized,…
Relief On The Horizon? Trump And Putin Discuss Oil Markets
US President Donald Trump and Russian President Vladimir Putin agreed on Monday to have energy officials from both countries discuss the dire state of the global oil market, the Kremlin…
Aramco Oil Pipeline Unit For Sale: Price War May Be Too Successful
Saudi Aramco is considering a stake sale of its oil pipeline unit to raise some much-needed cash, as the reality of the oil price war it started with Russia sets…
The Most Expensive Oil And Gasoline In The World
Whether or not you follow oil markets, you will likely have seen articles in the media lately claiming that the price of oil has fallen to $20, or that…
Russia's Largest Oil Producer Halts Operations In Venezuela
Russia’s largest oil producer, Rosneft, has announced that it is halting operations in Venezuela and selling its assets there to a company fully owned by the Russian government. Rosneft said…
China’s Sinopec Cuts Run Rates As It Prepares For Negative Growth
China’s oil major Sinopec reduced its capital spending plan for 2020 and said it expected lower run rates this year because of the coronavirus outbreak, Reuters reported, citing a company VP.…
Oil Industry Spending To Drop By $100 Billion This Year
Global capital expenditure (capex) for exploration and production firms (E&Ps) is expected to drop by up to $100 billion this year, about 17% versus 2019 levels, under Rystad Energy’s updated…
Supertanker Rates Explode As Traders Race To Store Oil
Supertanker rates are surging again, for a second time this month, as a growing global glut is making more traders and companies look to charter carriers to store oil at…
Coronavirus Could Crush US Coal Industry
The spreading coronavirus pandemic may too heavy of a burden for the already struggling coal miners in the United States, with three companies announcing operations halts due to measures to…
Pipeline Operators In Texas Urge Producers To Stop Pumping
U.S. pipeline operators have issued a warning to some oil producers operating in Texas: reduce production rates because storage is filling up, a Texas Railroad Commissioner said in a tweet.…
Rosneft Cancels Venezuela Oil Cargoes On Fresh Sanctions
Russia’s Rosneft has canceled VLCC cargoes scheduled to carry 5.7 million barrels of Venezuelan oil because of U.S. sanctions, Reuters reports, citing data from PdVSA, and shipping data from Refinitiv…
Here’s What Oil Traders Are Doing To Profit From Ultra-Low Oil Prices
Some of the world’s major oil traders are looking to take advantage of the abnormally low oil prices, Reuters reported on Friday, citing shipping sources, as WTI falls below $22 per…
Price War Hits Africa’s Largest Oil Producer
Caught in the Saudi-Russian oil price war, Africa’s largest oil producer, Nigeria, has discounted deeply its crude and aims to pump as much as it can, trying to retain customers…
Egypt Sentences Five People To Death For Deadly Oil Pipeline Explosion
An Egyptian criminal court sentenced this week five people to death for oil pipeline damage that killed nine people in November, Egyptian media report. Five other people who were involved…
Iraq Wants 30% Capex Cut From Foreign Oil Firms
Iraq, one of the oil producers worst hit by the oil price crash, is proposing that all foreign oil firms operating in OPEC’s second-largest producer cut their budgets by 30…
