 |
Louisiana Light • 2 days | 93.63 | +3.02 | +3.33% | ||
|
Bonny Light • 1 day | 98.41 | +3.23 | +3.39% | ||
|
Opec Basket • 3 days | 95.31 | -0.42 | -0.44% | ||
|
Mars US • 17 hours | 91.78 | +2.49 | +2.79% | ||
|
Gasoline • 16 mins | 2.565 | -0.034 | -1.29% |
|
Bonny Light • 1 day | 98.41 | +3.23 | +3.39% | ||
|
Girassol • 1 day | 99.20 | +2.62 | +2.71% | ||
|
Opec Basket • 3 days | 95.31 | -0.42 | -0.44% |
|
Peace Sour • 9 hours | 88.18 | +3.29 | +3.88% | ||
|
Light Sour Blend • 9 hours | 88.68 | +3.29 | +3.85% | ||
|
Syncrude Sweet Premium • 9 hours | 97.28 | +3.29 | +3.50% | ||
|
Central Alberta • 9 hours | 86.48 | +3.29 | +3.95% |
|
Eagle Ford • 2 days | 86.87 | +0.71 | +0.82% | ||
|
Oklahoma Sweet • 2 days | 87.00 | +0.75 | +0.87% | ||
|
Kansas Common • 1 day | 84.00 | +3.25 | +4.02% | ||
|
Buena Vista • 3 days | 95.63 | -0.10 | -0.10% |
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News
Russia’s Crude Oil Exports Drop Amid Terminal Maintenance
Due to port maintenance works, Russian crude oil exports by sea dipped by around 100,000 barrels per day (bpd) to 3 million bpd last week and by 100,000…
IEA Says No New Major Fossil Fuel Projects Needed In Net Zero Scenario
The world would not need any new long lead-time conventional oil and gas projects or coal mines approved after 2023 as the surge in clean energy deployment could…
China Considers New Fees To Compensate Utilities For Building Coal Plants
China is mulling over imposing capacity fees on industrial and commercial users from 2024 to compensate local utilities for the coal-fired power capacity they have built in recent…
Court Upholds Order To Expand Oil And Gas Lease Sale In The Gulf Of Mexico
The 5th U.S. Circuit Court of Appeals in New Orleans has upheld a lower court’s order that the U.S. Administration should hold an expanded oil…
Ford Halts Construction At $3.5-Billion EV Battery Plant In Michigan
Ford Motor Company has announced it is halting construction works at a planned $3.5-billion EV battery factory in Michigan until it is confident the plant…
Goldman Sachs Ignores Activist Call To Abandon Oil And Gas
The chief executive of Goldman Sachs has refused to yield to pressure from climate activists calling for the bank to stop financing oil and gas companies. “Traditional energy…
Trans Mountain Oil Pipeline Back On Track As Regulator Approves Route Change
The Canada Energy Regulator has approved a plan by Trans Mountain Corporation to alter the route of the expanded pipeline that carries crude from Alberta to the West…
France Announces Ambitious Plan To Cut Hydrocarbon Dependence And Emissions
Emmanuel Macron has announced a plan to reduce the dependence of France on oil, gas, and coal and reduce national emissions by 55% from 1990 levels by 2030. To…
Occidental Won’t Increase Oil Output Despite Soaring Crude
Occidental Petroleum Corp. will not be increasing oil output, with its CEO saying that the recent surge in oil to above $90 per barrel is happening without balance in the…
Chevron Getting Ready For New Oil Drilling In Venezuela
As Chevron scrambles to recoup some $3 billion in losses over its Venezuela oil projects, the U.S. oil giant is now gearing up to launch a new drilling…
Tajikistan Promises Green Hydrogen Production
Tajikistan—a nation heavily dependent on crude oil imports—is looking to develop its green hydrogen industry, with a goal of producing 1 million tons of hydrogen by 2040, the country’s Minister…
Egypt Seeks Exploration Bids For 23 Oil And Gas Blocks
Egypt launched on Monday an international bidding round for oil and gas exploration in 23 onshore and offshore blocks, the Ministry of Petroleum and Mineral Resources said
Lego Abandons Plans To Make Bricks From Recycled Plastic Bottles
Danish toy maker Lego is abandoning the idea of making its famous bricks out of recycled plastic instead of from oil-based products, after finding that the recycled material…
The Spread Between Brent And WTI Has Aligned With Transatlantic Freight Costs
The cost of transporting U.S. crude from the Gulf Coast to Europe has been increasingly determining the discount at which the U.S. benchmark WTI trades relative to the…
Russia Lifts Ban On Low-Quality Diesel Exports
On Monday, Russia tweaked its export limitations on fuels, lifting the temporary ban on exports of low-quality diesel and marine fuel. At the end of…
U.S. Energy Storage Additions Hit A Record-High In Q2
U.S. developers added 5,597 megawatt hours (MWh) of energy storage installations in the second quarter of 2023, setting a new quarterly record and putting the American energy storage…
Harold Hamm Calls For Consistency In U.S. Oil And Gas Regulation
Shale pioneer Harold Hamm, the founder of Continental Resources, has called for the uncertainty in U.S. oil and gas regulations to end so that the industry can have…
South Korean Energy Major Begins Oil Production In South China Sea
South Korea’s biggest energy major, SK Innovation Co. has started oil production from an offshore field in the South China Sea, the Korea Economic Daily reports
French Government Will Ask Fuel Industry To Sell At Cost
The French government will ask the fuel industry to sell fuels at cost in a bid to cushion the blow of higher oil prices on end consumers, President…
JPMorgan Analyst Sees Energy Supercycle With Oil As High As $150
JPMorgan’s head of EMEA energy equity research, Christyan Malek, warned markets on Friday that the recent Brent price surge could continue upwards to $150 per barrel by 2026, according to…
