 |
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 • 9 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 • 17 hours | 75.30 | -0.05 | -0.07% | ||
|
Light Sour Blend • 17 hours | 78.35 | -0.05 | -0.06% | ||
|
Syncrude Sweet Premium • 17 hours | 85.30 | -0.05 | -0.06% | ||
|
Central Alberta • 17 hours | 75.70 | -0.05 | -0.07% |
|
Eagle Ford • 2 days | 79.21 | +0.04 | +0.05% | ||
|
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
Russia’s Oil Production Cuts To Take Months To Implement
After Russia agreed on Friday to cut its oil production as part of the non-OPEC group tasked with cutting 400,000 bpd of oil production, Energy Minister Alexander Novak said it…
Libya, Iran, Venezuela Secure OPEC Production Cut Exemptions
Whether you call it an exemption or a special dispensation, Iran, Libya, and Venezuela have all been spared the pain of cutting production under the newest OPEC agreement forged today…
Chinese Oil Imports Set To Bounce Back This Month
Chinese oil imports from Iran are on course to rebound this month from the lows of October and November as China’s state-held companies have already started to use the U.S.…
Maduro: All Venezuelan Oil Will Be Sold In Petro Cryptocurrency
Venezuela’s President Nicolas Maduro said on state television that Venezuela would put in place in 2019 a program to sell all its oil production in the Petro cryptocurrency, which…
Chevron Raises 2019 Budget To $20 Billion
For the first time in four years, Chevron will spend more in 2019 than in the current year, with total spending at US$20 billion, the company said in a
Russia May Agree To 200,000 Bpd Cut In OPEC+ Oil Deal
Russia may be ready to cut its oil production by 200,000 bpd as part of a deal with OPEC to reduce oil supply—a higher commitment than 150,000 bpd previously aired,…
Iran Hopes Iranian-EU Oil Trade Mechanism To Start Working By Year-End
Iran hopes that the special purpose vehicle that would allow the European Union (EU) to continue buying Iranian oil amid the U.S. sanctions will become operational by the end of…
Maduro: Russia, Venezuela Sign $5B Deals To Boost Venezuelan Oil Production
Back from a visit to Moscow, Venezuelan President Nicolas Maduro tweeted a video on Thursday, in which he said that Venezuela and Russia have signed US$5-billion investment deals to…
Fractured OPEC Walks Away From The Table
After six hours of discussions, OPEC didn’t agree on Thursday on any specific oil production cut agreement as members are quarrelling on how to divvy up the production cuts and…
Green Group: British Columbia’s Climate Plan Can’t Afford LNG Projects
The province of British Columbia, which has just unveiled an ambitious emissions-cutting plan, cannot afford any more liquefied natural gas (LNG) export facilities if it is to meet its climate…
Tesla Set To Start Production At China Gigafactory In H2 2019
Tesla is expected to begin partial production at its first factory in China in the second half of 2019, the Shanghai government said after a meeting with local Tesla executives. …
OPEC Production Cut Settled, But Russian Cooperation Remains Uncertain
The oil markets exhaled early on Thursday morning as two OPEC sources announced that the oil cartel had tentatively agreed to a production cut of non-specific volumes. The announcement as…
Canada Pipeline System “Dysfunctional”: Industry Executive
Canada’s oil pipeline system is not just insufficient to transport the growing amounts of crude companies are producing. It is also features a “dysfunctional pipeline nomination process,” according to Canadian…
President Trump Throws Hail Mary Tweet On Eve Of OPEC Meet
US President Donald Trump fired another shot across OPEC’s bow on Wednesday, a day before the oil cartel is set to meet in Vienna to discuss possible production cuts. “The…
Plummeting Prices Help Clear Some Of Asia’s Floating LNG Cargoes
Plunging spot liquefied natural gas (LNG) prices in Asia and a flipping of the market curve have helped to clear some of the LNG cargoes off Asia’s coasts that have…
Saudi al-Falih, U.S. Iran Envoy Meet Ahead Of OPEC Summit
Saudi Arabia’s Energy Minister Khalid al-Falih met with the U.S. Special Representative for Iran, Brian Hook, on Wednesday, a day before OPEC is meeting to discuss new production cuts to…
OPEC Oil Output Rises As Saudis Pump At Record While Iran Slumps
OPEC’s crude oil production increased by 40,000 bpd from October to 33.08 million bpd in November, as Saudi Arabia pumped at record highs, more than offsetting—together with the UAE—the drop…
OPEC Urges Nigeria, Libya To Join Oil Production Cuts; Iran Balks
OPEC is trying to persuade Libya and Nigeria to join cuts if the cartel agrees to reduce production, delegates told S&P Global Platts, while the OPEC and non-OPEC leaders…
YPF, Petronas Strike $2.3 Billion Deal In Vaca Muerta Shale
Argentine’s state oil and gas company YPF and Malaysian Petronas will invest jointly US$2.3 billion in an oil production project in the Vaca Muerta shale play, one of the largest…
China Set To Resume Buying U.S. Crude Oil After Trade War Truce
Unipec, the trading arm of China and Asia’s biggest refiner Sinopec, plans to resume imports of U.S. crude oil during the 90-day trade truce window, as the tentative halt to…
