 |
Louisiana Light • 3 days | 87.12 | +0.03 | +0.03% | ||
|
Bonny Light • 1 day | 89.32 | +0.45 | +0.51% | ||
|
Opec Basket • 3 days | 86.51 | -1.01 | -1.15% | ||
|
Mars US • 174 days | 77.26 | -1.51 | -1.92% | ||
|
Gasoline • 10 mins | 2.738 | +0.004 | +0.14% |
|
Bonny Light • 1 day | 89.32 | +0.45 | +0.51% | ||
|
Girassol • 1 day | 89.90 | +0.45 | +0.50% | ||
|
Opec Basket • 3 days | 86.51 | -1.01 | -1.15% |
|
Peace Sour • 8 hours | 76.01 | -0.55 | -0.72% | ||
|
Light Sour Blend • 8 hours | 79.06 | -0.55 | -0.69% | ||
|
Syncrude Sweet Premium • 8 hours | 86.01 | -0.55 | -0.64% | ||
|
Central Alberta • 8 hours | 76.41 | -0.55 | -0.71% |
|
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% |
Central Asian Economies in Limbo As China Fails To Find Its Feet
The World Bank forecasts slower…
Saudi Aramco Eyes Stake in Chinese Petrochemical Firm
Saudi Arabia’s oil giant, in…
U.S. Drilling Activity Inches Up
The total number of active…
News
Shell Looks To Expand Mars Crude Pipeline System
Shell Midstream Partners LP (NYSE: SHLX) announced that it is considering expanding its 163-mile-long Mars crude oil pipeline in the Gulf of Mexico, the company said in a Thursday earnings…
Petrobras Books Record Net Profit In 2019
Brazil’s state-run oil firm Petrobras (NYSE: PBR) reported on Thursday a record net profit for 2019, thanks to asset sales under its strategy to divest non-core operations and…
Russia, OPEC Will Not Move Forward Their Next Meeting
Despite the uncertainty on the oil market amid the coronavirus outbreak, there is a common understanding among the OPEC+ coalition that ministers do not need to move forward their meeting…
Venezuela Declares An Energy Emergency
Venezuela’s President Nicolas Maduro has declared emergency for the country’s oil industry, calling for measures to ensure Venezuela’s energy security, Sputnik reports, quoting a tweet by the presidential…
Suncor Gets Alberta Approval for 40,000-Bpd Oil Sands Project
Suncor has received the approval of the Alberta government for its Meadow Creek West oil sands project that will produce 40,000 bpd of crude, Canadian media report. Meadow Creek…
Larger Than Expected Crude Build Threatens This Week’s Oil Rally
The American Petroleum Institute (API) estimated on Wednesday a larger than anticipated crude oil inventory build of 4.16-million barrels for the week ending February 14, compared to analyst expectations of…
Trafigura To Shun Rosneft Trading Due To New Round Of Sanctions
Just one day after the United States slapped sanctions on Rosneft’s subsidiary Rosneft Trading, oil trader Trafigura has announced that it will disentangle itself from the sanctioned company by mid-May…
Indian Buyers Of Venezuela Oil Vow Compliance As US Sanctions Hit Rosneft
Indian conglomerate Reliance Industries is studying the impact of the newly imposed U.S. sanctions on a unit of Russia’s Rosneft over trade of Venezuelan crude oil, and will make…
Canada’s Inflation Jumps 2.4% On Higher Gasoline Prices
Canada’s consumer prices jumped by 2.4 percent year on year in January, exceeding analyst expectations, on the back of an 11-percent surge in gasoline prices tracking higher oil prices…
Turkish Media Claim Kurds, US Smuggle Syrian Oil
Kurdish fighters in Syria are smuggling oil out of the war-torn country in partnership with the U.S., Turkish language daily Yeni ?afak reports, quoting fighters of the Kurdish YPG…
Rosneft Boosts 2019 Profit Despite OPEC+ Cuts, Tainted Oil Crisis
Russia’s biggest oil producer and largest taxpayer, Rosneft, reported on Wednesday a net income for 2019 that was 29 percent higher on the year, despite market uncertainties and negative…
Guyana Reports 35,600 Bpd In Oil Production For December
Guyana produced 35,607 barrels of oil daily in December, the country’s Finance Ministry said, as quoted by Reuters, which added the government’s royalty on that production would be 2…
Haftar’s Forces Attack Libya Sea Port, Almost Blow Up LPG Tanker
Offloading operations for fuel vessels in a port in Tripoli have been halted, Libya’s National Oil Corporation (NOC) announced on Tuesday, according to Reuters, as military forces led by Khalifa…
Washington Slaps Sanctions On Rosneft Subsidiary For Supporting Maduro
Washington levied sanctions Tuesday on a Rosneft subsidiary—Rosneft Trading, in the latest round of The United States’ maximum pressure campaign on the Nicolas Maduro regime in Venezuela, according to senior…
Kuwait Looks To Nationalize All Senior Oil Jobs By 2021
OPEC producer Kuwait aims to have 100 percent of the executive, technical, and supervisory jobs in its oil sector held by Kuwaiti nationals by early 2021, Middle East Monitor
Israel Stops Issuing New Licenses For Oil Shale Exploration
Israel’s energy and environment ministries have agreed that the minister of energy will not grant new licenses to companies to explore for and mine oil shale in the country, due…
Dutch Court Orders Russia To Pay $50B To Ex-Yukos Shareholders
Russia lost an appeal in the case versus the former shareholders of Yukos, the Hague Court of Appeal said on Tuesday, overturning a lower court’s verdict and reinstating an…
China Could Grant Tariff Exemptions On U.S. Oil And LNG
China has opened for applications for tariff exemptions on a number of U.S. products and commodities including crude oil and liquefied natural gas, Reuters reported today. Tariffs were blamed…
Eni Strikes Oil Offshore Mexico
Italy’s Eni has announced a new oil discovery offshore Mexico, in the Sureste Basin, saying it could contain between 200 and 300 million barrels of crude. Eni is the…
IMF Slashes Nigeria GDP Outlook On Coronavirus Impact
The International Monetary Fund cut Nigeria’s economic growth outlook, citing the effect that the Chinese coronavirus outbreak has had on global oil demand. The revision follows a…
