 |
WTI Crude •11 mins | 66.58 | +0.15 | +0.23% |
|
Brent Crude •11 mins | 76.71 | +0.27 | +0.35% |
|
Natural Gas •11 mins | 3.285 | +0.002 | +0.06% |
 |
Mars US •5 hours | 70.93 | -3.13 | -4.23% |
|
Opec Basket •2 days | 78.68 | +0.53 | +0.68% |
|
Urals •22 hours | 73.10 | -2.62 | -3.46% |
|
Louisiana Light •2 days | 77.45 | -0.06 | -0.08% |
|
Marine •22 hours | 76.55 | +0.03 | +0.04% |
|
Murban •22 hours | 79.42 | +0.24 | +0.30% |
|
Iran Heavy •22 hours | 72.23 | -2.90 | -3.86% |
|
Basra Light •22 hours | 75.75 | -3.14 | -3.98% |
|
Saharan Blend •22 hours | 75.22 | -3.56 | -4.52% |
|
Bonny Light •22 hours | 76.88 | -4.12 | -5.09% |
|
Canadian Crude Index •4 hours | 24.94 | +0.00 | +0.00% |
|
Western Canadian Select •2 days | 17.11 | -0.17 | -0.98% |
|
Canadian Condensate •2 days | 60.36 | +0.08 | +0.13% |
|
Premium Synthetic •2 days | 69.46 | +0.08 | +0.12% |
|
Sweet Crude •2 days | 31.36 | -6.92 | -18.08% |
|
Peace Sour •2 days | 35.36 | -1.42 | -3.86% |
|
Louisiana Light •2 days | 77.45 | -0.06 | -0.08% |
|
Domestic Swt. @ Cushing •22 hours | 63.25 | -2.25 | -3.44% |
|
Giddings •22 hours | 57.00 | -2.25 | -3.80% |
|
ANS West Coast •5 days | 79.51 | +0.98 | +1.25% |
|
West Texas Sour •22 hours | 60.38 | -2.69 | -4.27% |
|
Eagle Ford •22 hours | 64.33 | -2.69 | -4.01% |
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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
