 |
Louisiana Light • 2 days | 82.90 | -0.55 | -0.66% | ||
|
Bonny Light • 1 day | 84.01 | -0.44 | -0.52% | ||
|
Opec Basket • 2 days | 83.74 | -0.05 | -0.06% | ||
|
Mars US • 187 days | 77.26 | -1.51 | -1.92% | ||
|
Gasoline • 10 mins | 2.499 | -0.045 | -1.75% |
|
Bonny Light • 1 day | 84.01 | -0.44 | -0.52% | ||
|
Girassol • 1 day | 84.95 | -0.49 | -0.57% | ||
|
Opec Basket • 2 days | 83.74 | -0.05 | -0.06% |
|
Peace Sour • 6 hours | 71.58 | -0.10 | -0.14% | ||
|
Light Sour Blend • 6 hours | 74.63 | -0.10 | -0.13% | ||
|
Syncrude Sweet Premium • 6 hours | 81.58 | -0.10 | -0.12% | ||
|
Central Alberta • 6 hours | 71.98 | -0.10 | -0.14% |
|
Eagle Ford • 2 days | 74.96 | +0.37 | +0.50% | ||
|
Oklahoma Sweet • 2 days | 75.00 | +0.50 | +0.67% | ||
|
Kansas Common • 7 days | 69.25 | -3.00 | -4.15% | ||
|
Buena Vista • 2 days | 83.20 | +0.37 | +0.45% |
Breaking News:
Russian Uranium Import Ban Sends Shockwaves Through Energy Markets
The US Senate has approved…
U.S. Drilling Activity Slips
The total number of active…
The Espionage Web Expanding Across Europe
Not since the Cold War…
Energy
What the Future Holds for Our Oil Based Economy
Oilprice.com’s geopolitical editor Daniel J. Graeber was a guest on Infowars evening show last night where he discussed the following topics: • Middle East tensions and their impact on oil prices.
Rail May Hold its Own Against Pipelines
The Association of American Railroads reports the number of rail tankers carrying crude oil and petroleum products in the United States increased more than 35 percent during the first six…
A New Way To Fracture Oil and Gas Wells
GASFRAC of Calgary, Alberta, Canada, has developed an innovative closed stimulation process and injection method, utilizing gelled LPG rather than water based conventional formation fracturing fluids.The firm…
Pakistan Bets on Underground Coal Gasification to Help Relieve Power Shortages
Pakistan has glimpsed its energy future, and it is brown – coal, to be exact.Sindh Engro Coal Mining Co. is developing the $3 billion Thar Coal mining project…
How Changing from Fossil Fuels to Renewable Energy Might Affect GDP
We talk about the possibility of reducing fossil fuel use by 80% by 2050 and ramping up renewables at the same time, to help prevent climate change. If we did…
Our Current Infrastructure was Built for a Different World
It's easy to forget that every piece of our current infrastructure--roads, rails, runways, bridges, industrial plants, housing--was built with a certain temperature range in mind. Our agricultural system and much…
China Zeros in on Canadian Oil, but It's Not About Sovereignty
China’s $15.1 billion bid to acquire Canada’s Nexen oil company threatens to turn China into a owner rather just a major buyer of Canadian oil, and prompts a surge in…
China Disinterested in Western Sanctions on Iran
Few people are aware that Iran is currently subjected to not one, but three sets of sanctions imposed by U.S., the United Nations and the European Union, the latter two…
Shell and Exxon Earn $160,000 a Minute, Yet Still Receive $2.4 Billion Tax Break
The top two corporations on the Fortune 500 Global ranking, Royal Dutch Shell and ExxonMobil, announced their 2012 second-quarter earnings last week, bringing the total profits for three Big…
A Macondo Response to Oil Sands?
Provincial authorities in Alberta announced plans to review pipeline safety regulations following a series of oil spills in the region. Plains Midstream Canada, Pace Energy Oil and Gas, and Enbridge…
Ten Reasons Why Fracking is Doomed
Proponents of natural gas fracturing and oil drilling are delirious with joy over the ability to recover shale gas, which has brought down world gas prices and made the US…
Why the Oil Futures Market did not Contribute to High Oil Prices
A recent study by Luciana Juvenal and Ivan Petrella suggests that the financialization of oil futures markets contributed significantly to the surge in oil prices after 2003.
How the Big Five Oil Companies Spend their $375 Million Daily Profits
The Big Five oil companies – BP, Chevron, ConocoPhillips, ExxonMobil and Shell – are slated to announce their 2012 second-quarter profits later this week.We can expect these companies,…
Why Energy Will be Driven By Profitability in the Future
The energy business cycle has always been dominated by boom and bust cycles. Through changes in technology, economic conditions and regulation nothing has altered that cyclical pattern. We have, however,…
Why Gas Producers Are Getting Crunched by the Shale Boom
North America's shale drilling revolution is taking a toll on natural gas producers.The reason? The shale boom has generated a tremendous oversupply of Natural Gas Liquids (NGLs) –…
California's Impending Energy Crash
California, which imports over 25% of its electricity from out of state, is in no position to lose half (!) of its entire nuclear power capacity. But that’s exactly what…
Department of Energy & Climate Change Win Battle with Treasury
The UK’s Department of Energy & Climate Change (DECC) has succeeded in holding cuts to onshore wind subsidies at 10% – winning a battle with the finance ministry, which wanted…
Oilprice.com Top 5 Green Living Concepts
The future is a surreal shade of green. A glimpse into up-and-coming trends that will change the way we live includes washing-machine toilets, fitness-powered street lamps and home appliances, eco…
Bears Burst Bakken Bubble
Ongoing concerns of the Spanish debt crisis dragged on international markets Monday. Oil prices, meanwhile, had rallied last week amid tensions in the Persian Gulf. By Monday, however, Iran had…
How Indian Farmers are Making Millions from the Fracking Boom
A New York Times story last week featured a picture of a happy Indian farmer in his new house, a replacement for a miserable mud hut. His sister, a…
