 |
Louisiana Light • 2 days | 90.61 | -0.79 | -0.86% | ||
|
Bonny Light • 2 days | 94.55 | -1.05 | -1.10% | ||
|
Opec Basket • 2 days | 95.31 | -0.42 | -0.44% | ||
|
Mars US • 22 hours | 88.38 | -0.35 | -0.39% | ||
|
Gasoline • 10 mins | 2.572 | +0.029 | +1.12% |
|
Bonny Light • 2 days | 94.55 | -1.05 | -1.10% | ||
|
Girassol • 2 days | 95.92 | -0.63 | -0.65% | ||
|
Opec Basket • 2 days | 95.31 | -0.42 | -0.44% |
|
Peace Sour • 14 hours | 84.18 | -0.35 | -0.41% | ||
|
Light Sour Blend • 14 hours | 84.68 | -0.35 | -0.41% | ||
|
Syncrude Sweet Premium • 14 hours | 93.28 | -0.35 | -0.37% | ||
|
Central Alberta • 14 hours | 84.18 | -0.35 | -0.41% |
|
Eagle Ford • 2 days | 86.16 | -0.35 | -0.40% | ||
|
Oklahoma Sweet • 2 days | 86.25 | -0.25 | -0.29% | ||
|
Kansas Common • 5 days | 80.25 | +0.25 | +0.31% | ||
|
Buena Vista • 6 days | 95.08 | -0.15 | -0.16% |
Energy Fund Manager Predicts Major Upside For Oil Equities
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News
Exxon Eyes $16 Billion In Profits From Its Fuel And Chemicals Businesses By 2027
Exxon expects to generate some $16 billion in profits from its fuels and chemicals businesses in 2027, company executives told media. "Toward the end of this decade we…
Canada To Aggressively Reduce Methane Emissions From Its Oil And Gas Industry
Canada will seek to reduce methane emissions from its oil and gas industry by more than its initial ambitious target. That target was a 75% reduction from 2012…
The Oil And Gas Workers’ Association Endorses Trump For 2024 Vote
The Oil and Gas Workers’ Association has endorsed former president Donald Trump as their champion in next year’s presidential election. The industry group’s president, Matt…
Despite Oil’s Rally, Fed Holds Off On Rate Hike
The U.S. Federal Reserve on Wednesday decided to hold interest rates steady for September, indicating next year may see fewer rate cuts that analysts had earlier anticipated.
Russia Sends First Ever Cargo Of CPC Crude To UAE
Russian oil major Lukoil and independent producer CenGeo have sent CPC blend to United Arab Emirates’ national oil company ADNOC, marking the first time ever the UAE has…
2024 European Gas Prices Could Be Disappointing: WoodMac
European gas prices could be significantly lower than forecast for next summer, according to Wood Mackenzie, which cited lower demand from power plants and sufficient gas in storage. According to…
Saudi’s ADES Prices IPO At Over $4 Billion Valuation
Saudi Arabia’s PIF-backed oil and gas driller ADES Holding has set the final price for its initial public offering (IPO) at the top-end of the set range, implying a valuation of 15.242…
Negotiations Break Down Between Chevron And Australian LNG Workers
Australia’s Fair Work Commission is set to decide on Friday whether to halt the strikes at Chevron’s two LNG export facilities in Australia after the latest talks between…
California Truckers Race To Buy Diesel Rigs Ahead Of New Zero-Emission Rule
Logistics and trucking companies in California are rushing to buy diesel-powered rigs ahead of a new state mandate that will require from January 1, 2024 trucks bought after…
Chinese Fuel Oil Imports Continue To Dip From Decade-High
Soaring prices and recovering imports of diluted bitumen led to a second consecutive month of lower fuel oil imports into China compared to the previous month, according to…
Exxon Lobbies To Have Gas-Produced Hydrogen Included In IRA Tax Credits
ExxonMobil is lobbying the Biden Administration to have hydrogen derived from natural gas with carbon capture – the so-called blue hydrogen – be eligible for the generous tax credits under…
Goldman Sachs Raises Year-Ahead Brent Oil Forecast To $100
Goldman Sachs raised on Wednesday its 12-month ahead forecast for Brent Crude oil prices to $100 per barrel from $93 previously expected as it sees…
Enbridge Could Add More Capacity To U.S.-Bound Crude Oil Flows
Canadian pipeline giant Enbridge will consider adding around 200,000 barrels per day to its oil pipeline system carrying crude to the United States once the Trans Mountain Expansion…
The Trader That Sparked A Surge In U.S. Oil Prices
The trading arm of French supermajor TotalEnergies is gobbling up U.S. crude, pushing WTI crude for delivery at Cushing to its highest premium since November, Bloomberg has
Strong Crude Draw, Falling Inventories At Cushing Support Oil Prices
The American Petroleum Institute (API) has reported a large 5.25-million-barrel draw in U.S. crude inventories, offsetting last week’s 1.174-million-barrel build. Analysts were expecting an inventory draw of 2.667 million barrels…
Glencore Loses Another Head Oil Trader After Massive Payouts
Commodity trader Glencore PLC lost yet another member of its oil trading division, with Guy Freshwater, head of crude oil trading in the United States, taking his leave. Freshwater stepped…
Repsol CEO: Soaring Electricity Costs, Regulations Jeopardize Energy Transition
The energy transition is in jeopardy from the soaring cost of electricity and insufficient regulations, Repsol CEO Josu Jon Imaz said on Tuesday. Developing and implementing clean hydrogen is among…
Exxon To Increase Oil Production In Nigeria
Exxon will boost crude oil production in Nigeria by an additional 40,000 barrels per day, Nigerian President Bola Tinubu's spokesman Ajuri Ngelale said in a statement on Tuesday. Nigeria has…
French Utility Giant’s CEO Says Energy Crisis Is Far From Over
Europe’s energy crisis “is far from over” as risks to supply will continue to persist until new LNG volumes hit the market in 2026, according to Catherine MacGregor, chief executive…
Canada’s Inflation Accelerates As Gasoline Prices Rise
Canada’s annual inflation accelerated to 4% in August from a 3.3% rise in July, mostly on the back of higher gasoline prices last month, Statistics Canada said on Tuesday,…
