 |
WTI Crude •10 mins | 54.13 | -0.06 | -0.11% |
 |
Brent Crude •10 mins | 62.83 | +0.13 | +0.21% |
|
Natural Gas •10 mins | 3.132 | -0.107 | -3.30% |
|
Mars US •2 days | 58.80 | +1.73 | +3.03% |
|
Opec Basket •4 days | 59.63 | +0.00 | +0.00% |
|
Urals •4 days | 59.88 | +1.45 | +2.48% |
|
Louisiana Light •4 days | 59.18 | +0.00 | +0.00% |
|
Marine •3 days | 61.04 | +0.93 | +1.55% |
|
Murban •3 days | 62.64 | +1.17 | +1.90% |
|
Iran Heavy •3 days | 54.80 | +1.55 | +2.91% |
|
Basra Light •3 days | 63.35 | +1.71 | +2.77% |
|
Saharan Blend •3 days | 62.30 | +1.87 | +3.09% |
|
Bonny Light •3 days | 63.78 | +2.02 | +3.27% |
|
Canadian Crude Index •2 days | 40.83 | +0.00 | +0.00% |
|
Western Canadian Select •12 days | 44.51 | +0.05 | +0.11% |
|
Canadian Condensate •14 days | 49.51 | +0.05 | +0.10% |
|
Premium Synthetic •14 days | 52.36 | +0.05 | +0.10% |
|
Sweet Crude •14 days | 45.51 | +0.05 | +0.11% |
|
Peace Sour •14 days | 44.86 | +0.05 | +0.11% |
|
Louisiana Light •4 days | 59.18 | +0.00 | +0.00% |
|
Domestic Swt. @ Cushing •3 days | 50.25 | +1.75 | +3.61% |
|
Giddings •3 days | 44.00 | +1.75 | +4.14% |
|
ANS West Coast •5 days | 61.32 | +0.44 | +0.72% |
|
West Texas Sour •3 days | 47.75 | +1.73 | +3.76% |
|
Eagle Ford •3 days | 51.70 | +1.73 | +3.46% |
U.S. ‘Tough Line’ On Iran Depends On Crude Prices
As the White House compliments…
Oil’s Traffic Light Turns Yellow
Oil prices started to stabilize…
Middle East to Spend $32.7 Billion on New Energy Projects this Year
Ventures Middle East, a strategic business advisory company, has recently performed a study of the Middle East and concluded that in 2012 97 new power and water projects worth $32.7 billion have started construction, or will start construction before the end of the year.
The UAE has 10 energy and water projects worth a total of $1.5 billion set to begin construction this year, headed by the $740 million Noor 1 Solar Power Plant, and Phase 2 of the $580 million Emal Power Plant.
19 power and water projects will be started this year in Kuwait with a combined cost of $4.2 billion, led by the $2.7 billion Al Zour North Independent Water and Power Plant.
Saudi Arabia has approved 15 new projects for 2012 worth a total of $8.8 billion, including the $2 billion Al Qurayyah Independent Power Plant, and the $1.2 billion Shuaiba 2 Power Plant.
Other Middle Eastern Countries with energy or water projects due to begin construction this year include; Morocco, Egypt, Oman, Qatar, Jordan, Iraq, Yemen, Syria, and Bahrain.
By. Charles Kennedy of Oilprice.com
