 |
Louisiana Light • 3 days | 87.12 | +0.03 | +0.03% | ||
|
Bonny Light • 19 hours | 89.32 | +0.45 | +0.51% | ||
|
Opec Basket • 3 days | 86.51 | -1.01 | -1.15% | ||
|
Mars US • 173 days | 77.26 | -1.51 | -1.92% | ||
|
Gasoline • 25 mins | 2.732 | -0.003 | -0.10% |
|
Bonny Light • 19 hours | 89.32 | +0.45 | +0.51% | ||
|
Girassol • 19 hours | 89.90 | +0.45 | +0.50% | ||
|
Opec Basket • 3 days | 86.51 | -1.01 | -1.15% |
|
Peace Sour • 18 hours | 76.56 | +1.46 | +1.94% | ||
|
Light Sour Blend • 18 hours | 79.61 | +1.46 | +1.87% | ||
|
Syncrude Sweet Premium • 18 hours | 86.56 | +1.46 | +1.72% | ||
|
Central Alberta • 18 hours | 76.96 | +1.46 | +1.93% |
|
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% |
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News
Russia And Saudi Arabia Will Save The Day If OPEC Deal Falls Apart
Even if the current OPEC/NOPEC oil production cut deal goes to pieces, Saudi Arabia and Russia will be willing to go it alone, the two largest oil producers in the…
BP Sees No Sign Of Oil Supply Shortfall Due To Underinvestment
UK supermajor BP doesn’t expect global oil supply shortages in the coming years because of reduced investment, Brian Gilvary, BP’s Group Chief Financial Officer, said on Thursday. “We’re not seeing…
Venezuela Resorts To Refining Imported Oil
Venezuela has been forced to start refining imported crude oil as its local production continues to fall. According to a monthly refining plan for June seen by Reuters, the…
China’s Oil Refinery Throughput Rises 8.2% YoY In May
Chinese refineries processed a daily average of around 12.37 million barrels in May, or 371.34 million barrels (50.66 million tons). This is an 8.2-percent annual increase, according to the country’s…
NY Judge Questions Merit Of Mayor’s Anti-Oil Suit
A federal judge in Manhattan has questioned the lawsuit brought by the city’s mayor Bill de Blasio against Big Oil companies accusing them of being responsible for climate change. The…
BP: Permian Productivity Gains May Have Started To Flatten Out
Over the past five years, U.S. shale production has seen strong and continuous gains in productivity as improvements were made in fracking technology and general know-how, but the most recent…
Trump Blames OPEC For ‘Too High’ Oil Prices, Again
U.S. President Donald Trump criticized OPEC for manipulating oil prices for a second time in as many months, calling the cartel out for oil prices that are ‘too high’. Early…
IHS Markit: Stunning Permian Growth To Double Production By 2023
The oil production of the biggest U.S. shale play, the Permian, will more than double to 5.4 million bpd in 2023. If it were an OPEC member, the region in…
Challenging Oil Market Drags Trafigura’s Profit Down 53%
One of the world’s biggest commodity traders, Trafigura, reported on Wednesday a 53-percent decline in profit for the six months ending March 31, 2018, as the oil market structure…
Canada Needs New Pipeline To Compete Internationally
Canada’s crude oil production is growing, but pipeline capacity is not, and this is eroding the country’s energy industry competitiveness, the Canadian Association of Petroleum Producers said in the…
China CK Infrastructure Offers $7.8B For Australian Gas Pipeline Operator
Hong Kong-based CK Infrastructure has made a US$7.8-billion (A$13-billion) bid for Australia’s largest gas pipeline operator, APA, the target company said. The price represents a premium of 33 percent…
FERC Throws Wrench Into Trump’s Pro-Coal Plan
The Federal Energy Regulatory Commission does not see any emergency in the U.S. electricity market, the panel regulating the national grid said at a Senate hearing. The opinion is likely…
Norway Approves Equinor’s $6.1B Arctic Oil Project
The Norwegian Parliament has approved the development plan for the Johan Castberg oil project in Arctic waters of the Barents Sea, which will cost US$6.1 billion (49 billion Norwegian crowns)…
Oil Prices Inch Lower After API Reports Crude, Gasoline Build
As oil prices continue to fall, the American Petroleum Institute (API) reported a mild build of 800,000 barrels of United States crude oil inventories for the week ending June 8,…
Exxon Builds Energy Trading Business To Raise Profits
ExxonMobil, which unlike its competitors steered clear of energy trading in the past, has recently started to hire experienced traders as it aims to trade more of its products to…
Iran Plans To Issue Bonds To Fund Oil Projects
Iran plans to issue bonds in the next few months to help fund oil projects in the country, according to the head of the local Securities and Exchange Organization.…
Nigeria’s Oil Exports Set To Slip To 2018 Low In July
Nigeria’s oil exports are expected to drop to their 2018 low in July—to just 1.43 million bpd, compared to 1.796 million bpd in June, partly due to a force…
China’s Solar Policy Switch Eyes Higher Quality
China’s recently announced decision to suspend approvals of new solar installations aims to improve the quality of the industry’s products and offload part of the financial burden on the government,…
Iraq: OPEC Shouldn’t Heed Calls To Boost Oil Production
OPEC and allies should not bow to the pressure to increase production to offset supply disruptions, Iraq’s Oil Minister Jabbar al-Luiebi said on Monday, adding that unilateral decisions could…
Qatar: LNG Market To Tighten After 2024
The global liquefied natural gas (LNG) market is not in oversupply currently and will likely tighten after 2024, when Qatar will have increased its LNG export capacity by 30 percent…
