 |
Louisiana Light • 2 days | 70.91 | -0.20 | -0.28% | ||
|
Bonny Light • 1 day | 74.32 | +1.77 | +2.44% | ||
|
Opec Basket • 2 days | 73.68 | +0.21 | +0.29% | ||
|
Mars US • 4 hours | 70.28 | +1.14 | +1.65% | ||
|
Gasoline • 55 mins | 2.128 | +0.004 | +0.18% |
|
Bonny Light • 1 day | 74.32 | +1.77 | +2.44% | ||
|
Girassol • 1 day | 74.64 | +1.76 | +2.41% | ||
|
Opec Basket • 2 days | 73.68 | +0.21 | +0.29% |
|
Peace Sour • 5 mins | 67.73 | +1.74 | +2.64% | ||
|
Light Sour Blend • 5 mins | 69.08 | +1.74 | +2.58% | ||
|
Syncrude Sweet Premium • 5 mins | 70.83 | +1.74 | +2.52% | ||
|
Central Alberta • 5 mins | 67.83 | +1.74 | +2.63% |
|
Eagle Ford • 1 day | 70.13 | +1.67 | +2.44% | ||
|
Oklahoma Sweet • 1 day | 68.75 | +1.75 | +2.61% | ||
|
Kansas Common • 2 days | 60.75 | -1.50 | -2.41% | ||
|
Buena Vista • 2 days | 76.00 | -1.41 | -1.82% |
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News
World’s Largest Oil Trader Teams Up With Buffett-Backed EV Maker
The world’s largest independent oil trading house, Vitol Group, has formed a $250-million partnership with Chinese electric vehicle maker BYD to provide EV fleet mobility services in select markets worldwide,…
UN Health Agency Sets Stricter Limits For Emissions Linked To Fossil Fuels
The United Nations agency, the World Health Organization (WHO), issued on Wednesday its first update on air quality guidelines in 15 years, lowering the recommended limits of emissions, including…
Two UK Energy Suppliers Cease Trading As Natural Gas Crisis Escalates
Green and Avro have announced they are leaving the energy market and will cease trading. The announcement from Green came just one day after it was…
European Industry Reels From Record Gas Prices
Reports in the media that natural gas prices in the U.K. have more than quadrupled over the last year to highs of 180p per therm from around 40p…
Iran Looks To Attract $145 Billion In Oil Investment
Iran is drafting plans to attract as much $145 billion domestic and foreign investments in its oil industry over the next eight years, Iranian Oil Minister Javad Owji said on…
UK Power Sector Could See Tidal Wave Of Bankruptcies
Update: Green Energy, a small-sized, and Avro, a medium-sized energy retailer just declared bankruptcy, leaving 1.5 million households scrambling for a new provider. More UK energy suppliers are…
China To End Coal Power Plant Construction Abroad
China will stop building new coal power plants abroad, President Xi Jinping said at this week’s virtual UN meeting. “China will step up support for other developing countries in developing…
OPEC+ Struggles To Lift Production As Oil Market Tightens Further
The OPEC+ group lifted its production in August, but underinvestment and maintenance work has hampered the group's ability to raise production—and supply could be insufficient to meet the world's growing…
Canada’s Oil Sector Asks Re-elected Liberals To Back Local Producers
Following the re-election of the Liberals in Canada, the oil industry has asked the federal government to support domestic oil and gas production to ensure energy to the country…
Oil Prices Jump As Crude, Fuel Inventories Continue To Fall
The American Petroleum Institute (API) on Tuesday reported a draw in crude oil inventories of 6.108 million barrels for the week ending September 17. It exceeded the analyst expectations who…
Russia Expects To Boost Oil Production To Post-Soviet High In 2022
Russia sees raising its oil production to an average of 11.24 million barrels per day (bpd) in 2022, which would be an 8-percent increase from 2021 as OPEC+ eases the…
Global Copper Output On The Rise As Prices Soar
Global copper mine production picked up by 4.9% during the first half of the year, the International Copper Study Group said this week.…
India’s Oil Imports Jump To Four-Month High In August
India’s oil imports surged by 23 percent month-on-month to reach a four-month high of 4.2 million barrels per day (bpd) in August, amid refiners preparing to ramp up crude throughputs…
OPEC+ Boosts Compliance With Oil Production Cuts To 116%
The OPEC+ group of producers raised their compliance with the ongoing collective production cuts to 116 percent in August, up from 109 percent compliance in July, sources from the alliance…
Shell Gulf Platform To Remain Shut Until Year-End After Ida Damage
An offshore platform operated by Shell will remain shuttered until the end of the year following damage sustained from Hurricane Ida, the Anglo-Dutch major has said. The platform had…
UN Climate Conference Snubs Big Oil
BP and Shell will have a lower profile than they have hoped for at the UN Climate Change Conference of the Parties (COP) in Glasgow in November because the oil…
Saudis Keep China’s Top Oil Supplier Spot As Shipments Jump 53%
Saudi Arabia saw its crude oil exports to China surge by 53 percent annually in August, keeping its status of top supplier to the world’s largest oil importer for a…
European Gas Prices Soar 10% As Russia Refuses To Open The Taps
As the cat-and-mouse game continues over Russian gas to Europe, Russian Gazprom has refused to allow more gas into Europe via Ukraine for October, sending prices soaring another…
Ford Doubles Production Capacity For Electric F-150 Pickup Truck
While General Motors is in the midst of EV hell, dealing with a massive recall for its Chevy Bolt and shuttering production as a result of the ongoing semi shortage,…
BP’s Renewable Projects Continue To Post Losses
BP is still losing money from its renewable energy ventures, while it is selling stakes in oil and gas developments. The UK-based supermajor’s current pace of moving into clean energy…
