 |
Louisiana Light • 2 days | 81.18 | +0.12 | +0.15% | ||
|
Bonny Light • 29 days | 86.00 | -0.62 | -0.72% | ||
|
Opec Basket • 2 days | 81.37 | -0.08 | -0.10% | ||
|
Mars US • 266 days | 75.97 | -1.40 | -1.81% | ||
|
Gasoline • 3 hours | 2.461 | -0.007 | -0.29% |
|
Bonny Light • 29 days | 86.00 | -0.62 | -0.72% | ||
|
Girassol • 29 days | 87.27 | -0.38 | -0.43% | ||
|
Opec Basket • 2 days | 81.37 | -0.08 | -0.10% |
|
Peace Sour • 10 hours | 72.28 | +0.69 | +0.96% | ||
|
Light Sour Blend • 10 hours | 72.28 | +0.69 | +0.96% | ||
|
Syncrude Sweet Premium • 10 hours | 79.18 | +0.89 | +1.14% | ||
|
Central Alberta • 10 hours | 72.28 | +0.69 | +0.96% |
|
Eagle Ford • 3 days | 74.07 | +0.63 | +0.86% | ||
|
Oklahoma Sweet • 2 days | 75.00 | +2.00 | +2.74% | ||
|
Kansas Common • 3 days | 67.75 | +0.50 | +0.74% | ||
|
Buena Vista • 4 days | 83.27 | -2.82 | -3.28% |
Breaking News:
Rystad: OPEC's Oil Reserves are Much Lower Than Officially Reported
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U.S. Commands Higher Prices for Crude Amid Growing Global Oil Market Influence
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Changing the Definition of 'Oil' to Make the Figures Look Better
Everyone knows that world oil production has been running between 88 and 89 million barrels per day (mbpd) this year because government, industry and media sources tell us so.…
U.S. on Pakistani Pipelines - One Good, One Bad
Perhaps nowhere in the world are Washington’s diplomatic efforts more schizophrenic than in dealing with Pakistan. On the one hand, the U.S. regularly lauds Pakistan as a stalwart ally…
What Does the Future Hold for OPEC?
We’re coming up on 40 years of OPEC trying to set the price of oil as high as they can manage. The oil market is finally at a turning point,…
ROVs: A High-Tech Win-Win Investment in the Offshore Drilling Boom
An increase in offshore, deep-sea oil drilling and a nod to Shell to proceed in the Alaskan Arctic will drive demand for remotely operated underwater vehicles (ROVs) through 2015. An…
U.S. Arrogance Triples Fuel Prices for Troops in Afghanistan
Most days, writing about energy issues is less interesting than watching paint dry, as a mind-numbing procession of barrels per day, investment infrastructure costs and bilateral memos of understanding make…
Burning Ultra-Low Sulphur Jet Fuel Could Actually Increase Global Warming
In an effort to reduce acid emissions from the aviation industry, preventing an annual number of between 1,000 and 4,000 deaths, it is planned to burn very low-sulphur jet fuel…
Energy Development Could Hold the Key for America's Unemployed Masses
“For many American families, struggling to make ends meet in the jobless recovery, energy development is an answer to a prayer. The fact that the oil and gas boom has…
EU's Iran Sanctions Intended to Appease Israel
The EU’s oil embargo on Iran that came into effect on 1 July is likely to do as much damage to the European Union as it is to Iran and…
What the Woes of Enbridge May Say of the Cushing Glut
Canadian pipeline company Enbridge faces a $3.7 million penalty from U.S. regulators for "multiple" violations of safety measures stemming from a 2010 oil spill in southern Michigan. About 20,000 barrels…
Iranian Oil Embargo a Market Flop?
As international sanctions against Iranian crude oil went into effect, Tehran announced it was considering new legislation that would cut off oil transit lanes through the Strait of Hormuz.…
Oil-Drilling Trade-Offs: Keystone for Alaska
The Obama administration so far has stymied big oil’s efforts to move on the controversial Keystone XL pipeline, but the trade-off is a sure victory for Shell in the Alaskan…
Angola Builds Africa's First LNG Terminal - Good News - for Some
Angola has scored Africa’s first liquefied natural gas terminal. In May Angolan state oil company Sonangol announced that the LNG tanker Sambizanga had arrived to test gas loading and…
How the Natural Gas Boom has Boosted the US's Oil Production Figures
According to the Energy Information Administration, in March the United States produced a "total oil supply" of 10.8 million barrels per day, which was 2.1 mb/d more than in…
The US has Compromised its Future Water Supply with Extensive Well Drilling
Since 1949 the United States has had more than 2.6 million oil and natural gas wells drilled into its surface. Many more wells have gone uncounted since they were drilled…
Hedge your Bets in the Peak Oil Debate
There is nothing but “Sad News for Peak Oil Disciples” these days, according to the Financial Post.The latest example: Leonardo Maugeri, a fellow in the Geopolitics of Energy…
Weaning off Middle East Oil Means Less Than you Think
One expects the crazy talk to come out during an election season, but reports that the US is close to being weaned off Middle Eastern oil and set to become…
Eurozone Crisis Impacts Cyprus's Natural Gas Dreams
Cyprus, thrilled to be taking over presidency of the European Union on 1 July, has a more immediate problem. Several of the largest banks there last month were essentially downgraded…
Why Low Oil Prices Indicate the World is Heading for a Recession
Are lower oil prices good news? Not really, if it means the world is sinking into recession.We know from recent past experience and from common sense that higher…
Iran Prepares for EU Sanctions Which Take Full Effect on 1st of July
July 1 figures to be a bad day for Iran -- that's when hard-hitting EU sanctions on Iran's oil exports take full effect. The sanctions targeting the country's…
Have Sanctions Against Iran Worked?
In a word: “no”.The US State Department has been very adamant that the economic pressure they have been putting on Iran will force Iran to come to the…
