 |
WTI Crude •45 mins | 57.91 | -3.51 | -5.71% |
|
Brent Crude •10 mins | 67.76 | -3.23 | -4.55% |
 |
Natural Gas •45 mins | 2.592 | +0.033 | +1.29% |
|
Mars US •23 hours | 66.22 | -1.76 | -2.59% |
|
Opec Basket •2 days | 71.03 | -0.68 | -0.95% |
|
Urals •17 hours | 66.78 | -2.52 | -3.64% |
|
Louisiana Light •2 days | 69.92 | -1.55 | -2.17% |
|
Marine •2 days | 71.16 | -0.58 | -0.81% |
|
Murban •2 days | 72.45 | -0.29 | -0.40% |
|
Iran Heavy •2 days | 64.07 | -1.04 | -1.60% |
|
Basra Light •2 days | 72.11 | -1.50 | -2.04% |
|
Saharan Blend •2 days | 71.67 | -0.51 | -0.71% |
|
Bonny Light •2 days | 72.24 | -1.03 | -1.41% |
|
Canadian Crude Index •2 hours | 39.21 | -3.51 | -8.22% |
|
Western Canadian Select •1 min | 43.92 | -1.71 | -3.75% |
|
Canadian Condensate •90 days | 58.17 | -1.71 | -2.86% |
|
Premium Synthetic •1 min | 61.87 | -1.71 | -2.69% |
|
Sweet Crude •1 min | 53.92 | -1.71 | -3.07% |
|
Peace Sour •1 min | 51.17 | -1.71 | -3.23% |
|
Louisiana Light •2 days | 69.92 | -1.55 | -2.17% |
|
Domestic Swt. @ Cushing •17 hours | 54.50 | -3.50 | -6.03% |
|
Giddings •17 hours | 48.25 | -3.50 | -6.76% |
|
ANS West Coast •3 days | 72.58 | -0.11 | -0.15% |
|
West Texas Sour •17 hours | 51.86 | -3.51 | -6.34% |
|
Eagle Ford •17 hours | 55.81 | -3.51 | -5.92% |
The Fear Factor Is Back For Oil
While fundamentals suggest lower oil…
Oil Stabilizes Ahead Of Weekly Inventory Data
Oil prices held steady on…
BP Start Drilling in Jordan's Risha Natural Gas Field
In 2009 BP was given up to four years to explore and evaluate the Risha natural gas field in eastern Jordan, near the border with Iraq, which covers an area of 7000 square kilometres. The study was expected to cost about $237 million and Jordan officials hope that it will lead to the discovery of extensive recoverable gas reserves which will help the country reduce its dependence on oil imports.
In order to achieve this goal of reducing national oil imports, the Risha field will need to produce about 330 million cubic feet of natural gas a day by 2015, up from the current low output of 18 million cubic feet.
BP announced that their exploration was “very successful” and that the seismic survey “was one of the largest ever acquired in the Middle East and one of the safest and highest-productivity surveys acquired in BP history.”
BP are now ready to enter the second stage of development and start drilling, with the first well having already started last week, is and expected to take three to four months to complete.
By. Joao Peixe of Oilprice.com
