 |
Louisiana Light • 2 days | 86.60 | -0.08 | -0.09% | ||
|
Bonny Light • 21 hours | 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 • 5 hours | 2.710 | -0.003 | -0.13% |
|
Bonny Light • 21 hours | 88.69 | -0.04 | -0.05% | ||
|
Girassol • 21 hours | 89.20 | -0.10 | -0.11% | ||
|
Opec Basket • 2 days | 87.35 | -2.29 | -2.55% |
|
Peace Sour • 12 hours | 75.30 | -0.05 | -0.07% | ||
|
Light Sour Blend • 12 hours | 78.35 | -0.05 | -0.06% | ||
|
Syncrude Sweet Premium • 12 hours | 85.30 | -0.05 | -0.06% | ||
|
Central Alberta • 12 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
New Zealand Considers ICE Car Import Ban by 2040
The New Zealand government has plans to ban the import of internal combustion engine vehicles by 2040 as part of its net-zero efforts. According to local publication Stuff, a draft…
Mexico Set to Slash Oil Exports by Over 300,000 Bpd in May
Mexico is planning to cut the amount of crude oil it exports by 330,000 barrels daily next month as it redirects supply to local refineries. The volume to be cut…
BMO Reverses Anti-Coal Policy
BMO dropped plans to curb lending to the coal industry last year to avoid accusations of energy boycotting from West Virginia, Bloomberg has reported, citing an update from…
Pemex Oil Platform Fire Claims At Least One Life
One person has been killed, with two others in critical condition, following a fire over the weekend at an offshore platform operated by Mexico’s state-run Pemex in the southern Gulf…
Exxon To Pause Some Guyana Oil Output to Finish Gas-Power Project
Exxon will pause for several weeks oil production at two platforms offshore Guyana in the third quarter of 2024 to connect them to a new pipeline expected to bring the…
UK Media: Shell Considering Ditching London Exchange for New York
Dutch oil supermajor Shell is considering shifting its listing from the London Stock Exchange (LSE) to the New York Stock Exchange (NYSE), the Telegraph reported on Monday, citing the company’s…
Top Coal Province in China to Curb Output for First Time in Years
Weaker coal prices and demand and mine closures due to safety checks are set to reduce coal output in China’s largest coal-producing province, Shanxi, by 4% this year, for the…
More Russian LNG Being Exported to Europe Than Asia
Russia’s liquefied natural gas (LNG) exports gained over 4% in the first quarter of this year as it increased output to replace sanctioned pipeline gas exports to Europe, Russia’s Kommersant…
Nigeria Seeks to Boost Economy With $1 Billion Oil-Backed Loan
Africa’s biggest crude oil producer, Nigeria, is expected to receive a $1 billion loan from the African Export-Import Bank (Afreximbank) next month as part of a larger crude oil prepayment…
Exxon’s Expanded UK Refinery to Supply First Diesel in Early 2025
While other international majors are closing down refineries or converting them to biofuel production, ExxonMobil is expanding its UK site and will start delivering diesel from the expanded Fawley refinery…
Russia Is Preparing for a Potential Gasoline Shortage
Russia is seeking to import gasoline from Kazakhstan in case shortages occur on the Russian market because of the diminished refining capacity due to maintenance and damages from Ukrainian drone…
World’s Top Oil Trader Earns $13 Billion in Another Strong Year
The world’s top independent oil trader, Vitol, booked a net profit of $13 billion for 2023, wrapping up a second consecutive year of very high net income following record 2022…
Spring Floods Shut Down Oil Refinery in Russia
Strong spring floods have shut down one refinery in Russia as they compromised a dam in the area forcing the evacuation of thousands, the BBC has reported, citing…
Saudi Aramco Suspends Two Oil Contractors
Aramco has served notices of temporary suspension to two oilfield service contractors, Zawya has reported, citing the companies. According to one of them, Borr Drilling Limited, the suspension will…
Oil Prices Fall as Israel Withdraws Some Troops From Gaza
Oil prices retreated at the start of the week on signs that there is a possibility of a ceasefire between Hamas and Israel. Benchmarks began the week shedding…
Gazprom Neft to Hit Oil Production Cut Targets By Month’s End
Gazprom Neft is poised to fulfill its obligations under the April quota of the OPEC+ agreement on oil production cuts by the close of the month, CEO Alexander Dyukov informed…
UAE Sends Medium Sour Crude to Local Refinery Instead of Exporting It
Abu Dhabi National Oil Company (ADNOC) has been sending medium sour grade Upper Zakum for processing at a local refinery since the end of 2023, releasing more volumes of the…
Saudi Arabia Hikes Oil Prices in Increasingly Tight Market
Saudi oil giant Aramco, the world’s top crude oil exporter, hiked on Friday the prices of most of its crude grades for May, as Middle Eastern benchmarks are strengthening in…
Fresh Regulator Request Delays Chesapeake-Southwestern Merger
The closing of the merger of Chesapeake Energy and Southwestern Energy, which would create the top U.S. natural gas producer, is being pushed back to the second half of 2024…
Ford Delays Rollout of New EVs While Expanding Hybrid Offerings
Ford Motor Company is delaying the planned rollout of some of its next-generation electric vehicles (EVs) as it is expanding hybrid vehicle offerings, the car manufacturing giant said on…
