 |
Louisiana Light • 2 days | 86.60 | -0.08 | -0.09% | ||
|
Bonny Light • 1 day | 88.69 | -0.04 | -0.05% | ||
|
Opec Basket • 2 days | 87.35 | -2.29 | -2.55% | ||
|
Mars US • 169 days | 77.67 | -1.57 | -1.98% | ||
|
Gasoline • 16 hours | 2.710 | -0.003 | -0.13% |
|
Bonny Light • 1 day | 88.69 | -0.04 | -0.05% | ||
|
Girassol • 1 day | 89.20 | -0.10 | -0.11% | ||
|
Opec Basket • 2 days | 87.35 | -2.29 | -2.55% |
|
Peace Sour • 24 hours | 75.30 | -0.05 | -0.07% | ||
|
Light Sour Blend • 24 hours | 78.35 | -0.05 | -0.06% | ||
|
Syncrude Sweet Premium • 24 hours | 85.30 | -0.05 | -0.06% | ||
|
Central Alberta • 24 hours | 75.70 | -0.05 | -0.07% |
|
Eagle Ford • 2 days | 79.21 | +0.04 | +0.05% | ||
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Oklahoma Sweet • 2 days | 79.25 | +0.00 | +0.00% | ||
|
Kansas Common • 3 days | 73.00 | -2.50 | -3.31% | ||
|
Buena Vista • 3 days | 86.86 | -2.40 | -2.69% |
Profit Taking Is Putting Downward Pressure on Oil Prices
Oil prices fell this week…
Central Banks Grapple With Inflation Threat Amid Oil Price Rally
Central Banks are reluctant to…
U.S. Attracts Europe’s Beleaguered Solar Companies
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News
China’s LPG Import Costs Rise On Trade War, Iran Sanctions
China’s importers of liquefied petroleum gas (LPG) have started to pay higher prices for procuring the fuel in recent months, as Chinese buyers are looking to source LPG from suppliers…
China’s Car Sales Slump Amid Sluggish Economy, Trade War
China’s total automobile sales dropped by 11.6 percent to 2.39 million units in September, the steepest drop since January 2012, due to slowing economic growth, pollution crackdown, and the…
Fracking In UK Resumes After 7 Years As Legal Challenge Fails
Fracking in the UK is resuming on Saturday for the first time since 2011—when it was linked to earthquakes—after a court dismissed on Friday a last-minute request for an…
Ecuador, Peru To Join Forces On Shared Oil, Gas Fields
Ecuador and Peru may jointly explore oil and gas resources that the two neighboring countries share, Reuters reports, citing Ecuador’s energy minister, Carlos Perez. Perez also said that the partnership…
U.S. Tries Again: Talks With India On Iranian Oil Imports
Washington and New Delhi will once again discuss Iranian oil imports into the world’s fastest-growing consumer today, S&P Global Platts reports, adding that the two Washington officials who will…
Trump Warns China Nuclear Tech Exports Will Shrink
President Trump has warned China that Washington is taking measures to curb the exporting of nuclear technology to China, adding that Americans were not “stupid”, AFP reports as the…
India’s Iranian Oil Imports Inch Up In September
India imported 528,000 bpd of Iranian oil in September, up by 1 percent from August, due to delays of some August cargoes until Indian refiners received the government nod to…
Canadian Oil Firms On US$7.7B Spending Spree
Canadian oil and gas companies agreed to or proposed deals worth more than US$7.7 billion (C$10 billion) just in the past week and a half, tempted by lower price…
Oil Tanker Rates To Asia Hit 2018 High
Freight rates for Aframax tankers to Asia have reached their highest level so far this year, as China’s small refiners received new crude import quotas and as Asian refiners are…
OPEC Continues To Cut Oil Demand Growth Forecasts
OPEC has revised down its oil demand growth estimates for this year and next—a third downward revision in as many months—citing potential headwinds to global economic growth ranging from trade…
China Replaces Venezuelan Oil With Canadian Imports
Chinese refiners are buying more and more very cheap heavy Canadian crude oil to make up for the dwindling supply of Venezuela’s heavy grades as China’s road construction sector—a key…
Hurricane Michael Shutters 700,000 Bpd Of Oil Production
Hurricane Michael hit the Florida Panhandle with winds of 155 mph yesterday and is now moving north, albeit as a weaker, tropical storm. The hurricane shut…
Pipeline Explosion Causes Gas Shortage In British Colombia
A gas pipeline explosion that led to the evacuation of 100 people on Tuesday is now forcing the residents of British Columbia and the state of Washington to cut their…
Oil Slides After API Reports Huge Crude Build
The American Petroleum Institute (API) reported a major build of 9.75 million barrels of United States crude oil inventories for the week ending October 5, compared to analyst expectations that…
Chevron Quits Norway, First Supermajor To Exit Norwegian Oil
Chevron is the first oil supermajor to leave the Norwegian Continental Shelf, after Norway’s authorities accepted the sale of the only asset of the U.S. firm—a 20-percent stake in an…
Maersk Oil Trading Hires Asia Storage Amid New Ship Fuel Rules
Maersk Oil Trading—one of the world’s top ship fuel buyers—has hired an oil storage facility in Singapore to provide fuel to customers in Asia ahead of the new ship fuel…
Judge Dismisses Charges Against Anti-Pipeline Activists
Minnesota state district judge Robert Tiffany has dismissed charges against three climate change activists who shut down two pipelines operated by Enbridge back in 2016. Although they had reason…
BP Boss: More U.S. Sanctions On Russian Oil Companies Could Hurt Europe
Should the United States impose more and wider-ranging sanctions on the major Russian oil and gas companies, it would cripple the energy systems in Europe, Bob Dudley, chief executive at…
Iraqi Oil Company Plans Major Production Hike
Basra Oil Company, which accounts for the bulk of Iraq’s crude oil production, plans to increase its production to 5 million bpd from the current 3.2 million bpd by 2025,…
Battle For Cleaner Air To Impact North Chinese Crude Demand This Winter
China has launched the autumn-winter air protection battle for 2018-2019 in Beijing, Tianjin, Hebei and the neighboring area, which will hit refined oil demand. Tougher regulations for emissions in the…
