 |
WTI Crude •55 mins | 65.54 | -0.17 | -0.26% |
|
Brent Crude •12 mins | 73.07 | -1.26 | -1.70% |
 |
Natural Gas •55 mins | 2.972 | +0.007 | +0.24% |
|
Mars US •16 mins | 67.24 | -1.17 | -1.71% |
|
Opec Basket •2 days | 72.48 | +0.61 | +0.85% |
|
Urals •17 hours | 71.09 | +0.00 | +0.00% |
|
Louisiana Light •2 days | 74.32 | -0.52 | -0.69% |
|
Marine •17 hours | 70.83 | -1.45 | -2.01% |
|
Murban •17 hours | 73.83 | -1.45 | -1.93% |
|
Iran Heavy •17 hours | 68.87 | -1.31 | -1.87% |
|
Basra Light •17 hours | 71.38 | -1.10 | -1.52% |
|
Saharan Blend •17 hours | 72.68 | -1.25 | -1.69% |
|
Bonny Light •17 hours | 73.56 | -1.43 | -1.91% |
|
Canadian Crude Index •15 mins | 39.61 | +0.00 | +0.00% |
|
Western Canadian Select •2 days | 38.21 | -2.94 | -7.14% |
|
Canadian Condensate •2 days | 63.91 | +0.81 | +1.28% |
|
Premium Synthetic •2 days | 65.86 | +0.81 | +1.25% |
|
Sweet Crude •2 days | 55.96 | +1.56 | +2.87% |
|
Peace Sour •2 days | 53.71 | +1.81 | +3.49% |
|
Louisiana Light •2 days | 74.32 | -0.52 | -0.69% |
|
Domestic Swt. @ Cushing •17 hours | 62.00 | -0.75 | -1.20% |
|
Giddings •17 hours | 55.75 | -0.75 | -1.33% |
|
ANS West Coast •3 days | 74.58 | +0.09 | +0.12% |
|
West Texas Sour •17 hours | 59.49 | -0.68 | -1.13% |
|
Eagle Ford •17 hours | 63.44 | -0.68 | -1.06% |
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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
