 |
Louisiana Light • 2 days | 83.76 | +0.29 | +0.35% | ||
|
Bonny Light • 21 hours | 84.11 | -0.31 | -0.37% | ||
|
Opec Basket • 2 days | 84.30 | +0.70 | +0.84% | ||
|
Mars US • 189 days | 77.26 | -1.51 | -1.92% | ||
|
Gasoline • 5 hours | 2.500 | -0.042 | -1.66% |
|
Bonny Light • 21 hours | 84.11 | -0.31 | -0.37% | ||
|
Girassol • 21 hours | 85.07 | -0.23 | -0.27% | ||
|
Opec Basket • 2 days | 84.30 | +0.70 | +0.84% |
|
Peace Sour • 20 hours | 72.46 | +0.27 | +0.37% | ||
|
Light Sour Blend • 20 hours | 75.51 | +0.27 | +0.36% | ||
|
Syncrude Sweet Premium • 20 hours | 82.46 | +0.27 | +0.33% | ||
|
Central Alberta • 20 hours | 72.86 | +0.27 | +0.37% |
|
Eagle Ford • 2 days | 75.74 | +0.27 | +0.36% | ||
|
Oklahoma Sweet • 2 days | 75.75 | +0.25 | +0.33% | ||
|
Kansas Common • 2 days | 69.50 | +0.25 | +0.36% | ||
|
Buena Vista • 2 days | 83.77 | +0.27 | +0.32% |
Green Transition at Risk as Carbon Offset Schemes Falter
Carbon offset schemes used by…
Saudi Arabia’s Oil Giant Keeps $31-Billion Q1 Dividend Despite Profit Drop
Despite a decline in net…
Why TotalEnergies’ Potential U.S. Listing Makes Little Sense
TotalEnergies CEO Patrick Pouyanné has…
News
If B.C. Wins Case On Environment, So Will Alberta
If the British Columbia Court of Appeal grants the provincial government the powers to regulate oil flows through its territory, then Alberta would by analogy gain the same right, which…
City Evacuated After Explosion At Wisconsin Refinery Injures 20
An explosion at a Husky Energy refinery in Wisconsin yesterday injured at least 20 people before the fire was put out, media report. Residents of Superior have been encouraged…
Pemex Resigned To Hold Auctions For Just 7, Not 160 Oil Projects
Pemex will seek offers for the tender of just seven onshore areas, according to an announcement by Mexico’s regulator, the National Hydrocarbons Commission. The auction, scheduled for October 31,…
British Columbia Wants To Regulate Oil Flows Through Province
In its latest attempt to fight the Trans Mountain pipeline expansion, British Columbia is asking the B.C. Court of Appeal if the province has the right to require the companies…
Low Canadian Oil Prices Throttle Production, Company Earnings In Q1
Worsening transportation bottlenecks that led to wider discount of Canadian crude oil prices stifled the production and earnings of some of the big oil sands producers in the first quarter.…
Venezuela: $2B Award In Favor Of Conoco A “Tough Lesson” For U.S. Oil Firm
Venezuela continues to strain its relations with U.S. oil companies—the International Chamber of Commerce (ICC) has ruled in favor of ConocoPhillips in an expropriation dispute with state oil firm PDVSA,…
Big Oil Snubs Iraq’s Exploration Auction
No international oil major won any exploration and development contracts in Iraq’s Thursday auction of 11 oil and gas blocks, as the bidding attracted just one—unsuccessful—bid by a major company,…
Cheaper Texas Oil Makes Smaller Refiners Top Performers
A shortage of pipeline capacity depressing the price of Texas crude coupled with rising gasoline demand has served to turn small independent refiners into top performers in the sector, outshining…
Shell Sees Profit Soar On Higher Oil Prices
Shell (NYSE:RDS.A) on Thursday reported that first-quarter earnings had soared 42 percent annually, reaping the benefits of higher oil prices and strong integrated gas performance, but disappointing with…
BP Admits It Underestimated Renewable Growth
BP made a mistake in its 2018 World Energy Outlook by underestimating the speed of renewables adoption, notably solar capacity. In an interview with Euractiv, BP’s chief economist, Spencer…
Hess Posts Lower-Than-Expected Q1 Loss
Hess Corp (NYSE:HES) reported on Wednesday a smaller-than-forecast loss for the first quarter of 2018 as higher oil prices and lower operating costs helped it to offset a decline…
Italian Design Studio Is Crowdfunding Floating Solar-Powered City
An Italian design studio, Lazzarini Design, has launched a crowdfunding campaign to kickstart the construction of a floating city consisting of solar-powered pyramids. Solar panels and water turbines will…
Iran Claims Its Oil Exports To India Are Not Dropping
Iran says that its crude oil exports to India have hit 700,000 bpd this month, with sales volume “unprecedented”, Iranian media report, quoting a statement by the Iranian oil ministry.…
PDVSA Bond Holders Prepare For Interest Payment
A group of investors holding part of a secured US$2.5-billion bond issued by Venezuela’s PDVSA and maturing in 2020 are organizing ahead of an interest payment due to be made…
UK Needs A Fracked Well A Day To Reduce Gas Imports
The UK will need to have one well per day fracked in the period between 2021 and 2035 if it wants to reduce its natural gas imports by 50 percent,…
Asia’s Biggest Refiner To Continue Cutting Saudi Crude Oil Imports
Having slashed Saudi crude imports for May by 40 percent, China’s Sinopec—the largest oil refiner in Asia—will continue to cut imports of the flagship Saudi crude grade in June and…
Government Pressure Could Cancel CEFC-Rosneft Deal
Beijing’s investigation into energy giant CEFC has significantly affected the acquisition deal for an almost 15-percent interest in Russia’s Rosneft, but the talks between the companies have not been cancelled,…
Surprise Build In Crude Oil Stocks Rattles Market
The American Petroleum Institute (API) reported a surprise build of 1.099 million barrels of United States crude oil inventories for the week ending April 20, contrary to analyst expectations that…
Taiwan Giant To Build $9.4B Chemical Complex In Louisiana
Taiwan-based petrochemical giant Formosa Petrochemical Corp has selected St. James Parish in Louisiana for a US$9.4 billion chemical manufacturing complex, the office of Louisiana Gov. John Bel Edwards announced.…
Saudi Aramco Aims To Nearly Double Its Oil Trading By 2020
Aramco Trading, the trading arm of Saudi Arabia’s oil giant Saudi Aramco, will be looking to trade up to 6 million bpd of crude and refined products by 2020, up…
