 |
WTI Crude • | 51.82 | -0.02 | -0.04% |
|
Brent Crude • | 57.58 | -0.17 | -0.29% |
 |
Mars US • | 52.79 | +0.31 | +0.59% |
|
Opec Basket • | 55.52 | -0.31 | -0.56% |
|
Urals • | 53.79 | +0.00 | +0.00% |
|
Louisiana Light • | 57.64 | -0.23 | -0.40% |
|
Marine • | 54.78 | -0.35 | -0.63% |
|
Murban • | 57.58 | -0.30 | -0.52% |
|
Iran Heavy Crude • | 54.24 | +0.15 | +0.28% |
|
Basra Light • | 53.38 | +0.61 | +1.16% |
|
Saharan Blend • | 57.29 | -0.08 | -0.14% |
|
Bonny Light • | 57.48 | +0.04 | +0.07% |
|
Canadian Crude Index • | 39.05 | -0.47 | -1.19% |
|
Western Canadian Select • | 40.40 | +0.51 | +1.28% |
|
Canadian Condensate • | 54.05 | +0.85 | +1.60% |
|
Premium Synthetic • | 56.80 | +0.46 | +0.82% |
|
Sweet Crude • | 51.45 | +0.75 | +1.48% |
|
Peace Sour • | 48.05 | +0.65 | +1.37% |
|
Louisiana Light • | 57.64 | -0.23 | -0.40% |
|
Domestic Swt. @ Cushing • | 48.00 | +0.25 | +0.52% |
|
Giddings • | 41.75 | +0.25 | +0.60% |
|
ANS West Coast • | 57.98 | +0.35 | +0.61% |
|
West Texas Sour • | 45.42 | +0.18 | +0.40% |
|
Eagle Ford • | 49.37 | +0.18 | +0.37% |
The U.S. LNG Boom Could Be About To Stall
United States LNG has seen…
Iraq Seizes Kirkuk, Briefly Knocks 350,000 Bpd Offline
Brent oil prices rose on…
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
