 |
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 | 2.783 | -0.001 | -0.03% |
|
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 • 1 hour | 78.61 | -0.25 | -0.32% | ||
|
Light Sour Blend • 1 hour | 81.66 | -0.25 | -0.31% | ||
|
Syncrude Sweet Premium • 1 hour | 88.61 | -0.25 | -0.28% | ||
|
Central Alberta • 1 hour | 79.01 | -0.25 | -0.32% |
|
Eagle Ford • 1 day | 81.89 | -0.25 | -0.30% | ||
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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% |
Brent Could Climb to $95 as Bullish Sentiment Builds
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News
World Bank Backs Egypt To Become Regional Oil, Gas Trading Hub
The World Bank supports Egypt’s efforts to be a regional oil and gas trading hub, as several new gas projects started up recently in the Mediterranean country, the Egyptian…
Oil Major Eni To Commit To Becoming Carbon Neutral
Italy’s oil major Eni will announce by the end of this year binding commitments to become carbon neutral, its chief executive Claudio Descalzi said on Monday, in what would…
India Has Back-Up Plans In Case Of Complete Iranian Oil Cut-off
Indian refiners are preparing for any scenario in case they won’t be able to import any Iranian crude oil as the United States steps up pressure on countries to bring…
BP Starts Up $28 Billion Shah Deniz 2 Gas Project
BP and its partners have started up the US$28-billion Shah Deniz 2 gas development in Azerbaijan which is the starting point of the Southern Gas Corridor for gas supplies…
Tesla Shocks Markets: Achieves Model 3 Production Target
Tesla has hit its target of producing 5,000 Model 3 sedans weekly, just as CEO Elon Musk promised investors at the release of the company’s Q1 financial results, Electrek
Iran Invites Private Companies To Export Crude
Iran will allow private companies to start exporting crude oil as part of its efforts to counter U.S. sanctions against its oil industry, Reuters reports, quoting the country’s First…
Saudis Boost June Oil Production Close To All-Time High
Saudi Arabia has increased its oil production this month by 700,000 bpd to 10.70 million bpd, very close to its highest-ever production of 10.72 million bpd from November 2016, a…
Wall Street Doesn’t See Tesla Reaching Model 3 Production Target
Wall Street analysts don’t think that Tesla will have reached its goal of manufacturing 5,000 Model 3s per week by the end of June, according to a Bloomberg survey…
Is The Russia-Korea Pipeline Feasible?
The chances of a gas pipeline from Russia to South Korea through the territory of North Korea—a decade-old idea that was on hold due to North Korea’s hostilities—have now risen…
Enbridge Line 3 Pipeline Gets Go Ahead After Hard-Fought Battle
The Minnesota Public Utilities Commission has approved the proposed replacement of Enbridge’s Line 3 pipeline despite the vocal environmentalist opposition. The decision should provide some relief to Canadian oil…
Oil Helps Alberta Shrink Budget Deficit
The recovery in oil prices helped Alberta reduce its budget deficit by US$2.11 billion (C$2.8 billion) in financial 2017/18, to US$6.04 billion (C$8 billion), the province’s Finance Minister said…
Second Tanker Refused Docking At Libyan Oil Ports
A tanker at Libya’s Hariga oil port has been refused docking because it had no permission from the Eastern Libya authorities, a source from Arabian Gulf Oil Company, which operates…
Aramco Strikes Rig-Building JV Deal With National Oilwell Varco
Saudi Aramco has closed a joint venture deal with U.S. National Oilwell Varco for the construction of a rig and equipment manufacturing facility in Saudi Arabia, media report, adding…
U.S. Hopes Saudi Arabia, Russia Can Offset Loss Of Iran Oil Supply
U.S. Energy Secretary Rick Perry believes that Saudi Arabia and Russia will be able to boost their oil production to stabilize the oil market and compensate for losses of…
US Softens Stance On Countries Buying Iranian Oil
The United States will work with countries importing Iranian oil on a case by case basis to get as many of them as possible “down to zero” by early November,…
India Prepares For Drastic Reduction Of Iranian Oil Imports
India’s oil ministry has told local refiners to get ready for a “drastic reduction or zero” oil imports from Iran, industry sources told Reuters on Thursday, a sign that…
Oil Market-Maker Closes Shop On Unfavorable Regulations
Geneva Energy Markets, a leading oil derivatives trader has liquidated its trading book after it incurred “significant losses” after its clearing bank’s insistence that it reduce its holdings, the FT…
Turkey Will Keep Importing Iranian Crude
Turkey will not heed the State Department’s call on U.S. allies to stop importing Iranian crude oil by November 4, when the latest sanctions will kick in. “The decisions taken…
Eastern NOC Strengthens Hold On Oil Crescent
All oil export revenues from Libya’s Oil Crescent will be sent to a central bank in the eastern part of the country, according to eastern Libyan officials quoted by…
U.S. And Russia To Dominate World’s Oil & Gas Pipeline Spending
The U.S. shale boom and the massive Russian expansion of natural gas pipelines will make the United States and Russia the dominant spenders on oil, petroleum products, and natural gas…
