 |
WTI Crude •10 mins | 52.58 | +0.07 | +0.13% |
|
Brent Crude •11 mins | 62.15 | +0.14 | +0.23% |
|
Natural Gas •10 mins | 2.394 | +0.007 | +0.29% |
|
Mars US •2 days | 57.51 | +0.23 | +0.40% |
|
Opec Basket •4 days | 61.51 | +0.50 | +0.82% |
|
Urals •3 days | 57.75 | +0.75 | +1.32% |
|
Louisiana Light •4 days | 60.13 | +1.60 | +2.73% |
 |
Marine •3 days | 59.96 | -0.47 | -0.78% |
|
Murban •3 days | 61.05 | -0.41 | -0.67% |
|
Iran Heavy •3 days | 55.64 | +0.81 | +1.48% |
|
Basra Light •3 days | 62.99 | +0.56 | +0.90% |
|
Saharan Blend •3 days | 62.22 | +0.36 | +0.58% |
|
Bonny Light •3 days | 63.01 | +0.27 | +0.43% |
|
Canadian Crude Index •2 days | 35.57 | +0.00 | +0.00% |
|
Western Canadian Select •3 days | 41.48 | +2.29 | +5.84% |
|
Canadian Condensate •114 days | 49.03 | +1.14 | +2.38% |
|
Premium Synthetic •3 days | 52.73 | +1.14 | +2.21% |
|
Sweet Crude •3 days | 46.63 | +1.24 | +2.73% |
|
Peace Sour •3 days | 46.78 | +3.39 | +7.81% |
|
Louisiana Light •4 days | 60.13 | +1.60 | +2.73% |
|
Domestic Swt. @ Cushing •3 days | 49.00 | +0.00 | +0.00% |
|
Giddings •3 days | 42.75 | +0.00 | +0.00% |
|
ANS West Coast •5 days | 60.92 | -2.00 | -3.18% |
|
West Texas Sour •3 days | 46.46 | +0.23 | +0.50% |
|
Eagle Ford •3 days | 50.41 | +0.23 | +0.46% |
Small Crude Build Sends Oil Lower
Oil prices continued to fall…
Platts: OPEC Oil Production Slumps With Saudis Cutting Deeper
OPEC’s oil production dropped by…
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
