Louisiana Light • 2 days | 73.63 | -1.24 | -1.66% | |||
Bonny Light • 1 day | 75.43 | -0.25 | -0.33% | |||
Opec Basket • 2 days | 76.55 | +1.08 | +1.43% | |||
Mars US • 17 hours | 70.42 | -1.17 | -1.63% | |||
Gasoline • 18 hours | 2.593 | -0.020 | -0.75% |
Bonny Light • 1 day | 75.43 | -0.25 | -0.33% | |||
Girassol • 1 day | 78.21 | +0.01 | +0.01% | |||
Opec Basket • 2 days | 76.55 | +1.08 | +1.43% |
Peace Sour • 1 day | 65.54 | -1.24 | -1.86% | |||
Light Sour Blend • 1 day | 66.84 | -1.24 | -1.82% | |||
Syncrude Sweet Premium • 1 day | 75.79 | -1.24 | -1.61% | |||
Central Alberta • 1 day | 65.14 | -1.24 | -1.87% |
Eagle Ford • 2 days | 67.77 | -1.24 | -1.80% | |||
Oklahoma Sweet • 2 days | 67.75 | -1.25 | -1.81% | |||
Kansas Common • 4 days | 62.00 | +0.00 | +0.00% | |||
Buena Vista • 8 days | 76.40 | +1.64 | +2.19% |
Despite severe infrastructural damage due…
The emerging power struggle on…
BP-Azerbaijan, operating the Azeri export pipeline from the Azerbaijanâs Caspian oil export terminal at Baku westwards to the Georgian Black Sea oil terminus at Supsa, has announced that it has suspended oil exports along the route until 27 July.
BP-Azerbaijan public relations manager Tamam Bayatli observed, "On 10 June the company commenced upgrading on the 'Chirag-1' platform - on the oldest extractive platform for the purpose of safety improving and further firmness and stability of the keeping works. With that end in view extractive operations are to be temporarily suspended," Azeri news agency Turan reported.
The Baku-Supsa pipeline, an upgrade of a previous Soviet-era pipeline, was launched on 15 April 1999, and its current throughput capacity is 150 thousand barrels (bpd) a day.
The shutdown will also affect crude oil loading at Azerbaijanâs Caspian Sangachal terminal, where operations will also be partially halted, BP said. Before the maintenance work began, Azerbaijanâs offshore Caspian Chirag platform produced between 80,000-85,000 barrels of oil a day.
BP currently is the operator of Azerbaijan's Azeri-Chirag-Guneshli Caspian block, part of a consortium that includes Chevron, Statoil ASA, Inpex Corp. and Japanâs Itochu Corp.
Of all the post-Soviet Caspian riparian states, Azerbaijan has proven to be the friendliest to foreign investment.
By. Joao Peixe, Deputy Editor OilPrice.com
U.S. Gasoline Prices Are Set For A Significant Decline
Iran Seizes Third Oil Tanker As U.S. Boosts Military Presence
OPEC’s Smallest Producer Sees Crude Oil Exports Drop To Zero
Oil Markets Shocked By Across the Board Inventory Builds
Finland’s Electricity Prices Fall Below Zero
ADVERTISEMENT
The materials provided on this Web site are for informational and educational purposes only and are not intended to provide tax, legal, or investment advice.
Nothing contained on the Web site shall be considered a recommendation, solicitation, or offer to buy or sell a security to any person in any jurisdiction.
Trading and investing carries a high risk of losing money rapidly due to leverage. Individuals should consider whether they can afford the risks associated to trading.
74-89% of retail investor accounts lose money. Any trading and execution of orders mentioned on this website is carried out by and through OPCMarkets.
Merchant of Record: A Media Solutions trading as Oilprice.com