 |
Louisiana Light • 3 days | 87.12 | +0.03 | +0.03% | ||
|
Bonny Light • 23 hours | 89.32 | +0.45 | +0.51% | ||
|
Opec Basket • 3 days | 86.51 | -1.01 | -1.15% | ||
|
Mars US • 173 days | 77.26 | -1.51 | -1.92% | ||
|
Gasoline • 25 mins | 2.737 | +0.003 | +0.09% |
|
Bonny Light • 23 hours | 89.32 | +0.45 | +0.51% | ||
|
Girassol • 23 hours | 89.90 | +0.45 | +0.50% | ||
|
Opec Basket • 3 days | 86.51 | -1.01 | -1.15% |
|
Peace Sour • 22 hours | 76.56 | +1.46 | +1.94% | ||
|
Light Sour Blend • 22 hours | 79.61 | +1.46 | +1.87% | ||
|
Syncrude Sweet Premium • 22 hours | 86.56 | +1.46 | +1.72% | ||
|
Central Alberta • 22 hours | 76.96 | +1.46 | +1.93% |
|
Eagle Ford • 3 days | 79.33 | -0.29 | -0.36% | ||
|
Oklahoma Sweet • 6 days | 79.75 | +0.50 | +0.63% | ||
|
Kansas Common • 2 days | 73.50 | +0.50 | +0.68% | ||
|
Buena Vista • 3 days | 87.02 | -0.29 | -0.33% |
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News
Russia’s September Oil Production Set For Post-Soviet Record High
Russia’s oil production averaged 11.347 million bpd between September 1 and 27, up by more than 130,000 bpd compared to August and on course to set a new record-high in…
Oil Workers Join Nigeria Strike, Fuel Supply Under Threat
Two Nigerian oil and gas industry unions today joined a general strike called by the Nigeria Labor Congress, which has placed fuel supply in the West African nation under threat,…
Washington Relaxes Offshore Oil Production Rules
The latest step taken by the Trump administration in supporting the energy industry has been the relaxation of safety rule for offshore oil and gas production, put in place following…
SEC Charges Elon Musk With Fraud Over ‘Funding Secured’ Tweets
The U.S. Securities and Exchange Commission (SEC) charged on Thursday Elon Musk with securities fraud for a series of false and misleading tweets about taking Tesla private at $420…
Mexico President-Elect Assures Oil Industry He Won’t Cancel Contracts
Mexico’s President-elect Andres Manuel Lopez Obrador has assured oil companies operating in the country that no oil contract will be cancelled as long as it complies with its terms, Reuters…
Saudi Aramco Set To Boost Oil Capacity By 550,000 Bpd In Q4
Saudi Arabia’s oil giant Saudi Aramco is expected to pick up an additional 550,000 bpd of oil production capacity from two giant oil fields in the fourth quarter, so it…
High U.S. Gasoline Prices Buck The Trend Even As Demand Falters
Although gasoline demand has started to slow down the end of the summer driving season, U.S. gasoline prices are bucking the trend and sitting at their highest for this season…
Renewables Share In UK’s Power Generation Hits Record High
The share of renewables in the UK’s electricity generation hit a record high in second quarter of 2018, while the share of coal in the energy mix slumped to an…
General Strike In Nigeria Not Affecting Oil Production
A nationwide workers’ strike that Nigeria’s main unions started on Thursday has not had an impact on the oil industry in the country, a spokesman for the Nigerian National Petroleum…
UK Approves BP’s Plan To Develop New North Sea Field
BP has received the approval of the UK’s Oil and Gas Authority (OGA) to proceed with the development of the Vorlich field in the North Sea—a project that is expected…
China’s Nexen Prepares To Pull Out Of U.S. Gulf Of Mexico
Chinese energy company Nexen, a unit of CNOOC, is preparing to pull out of the United States amid rising trade tensions, Reuters reports, citing three unnamed sources with knowledge…
Mexico To Start Importing Light Crude Next Month
Mexico’s state-owned oil company Pemex plans to start importing up to 100,000 barrels of light crude daily, ending decades of oil self-sufficiency as declining domestic production meets rising energy demand.…
Total Bets On Deepwater Oil, Gas To Boost Production
Total will be looking to develop low-breakeven deepwater resources in the coming years, expecting to increase production by 6-7 percent every year through 2020, the French oil and gas company…
Libya Looks To Bring Majors Back To Its Oil Industry
Libya’s National Oil Corporation (NOC) is holding talks with international oil companies that could result in increased investment and production in Libya’s oil industry, if security across the country improves,…
Coal Consumption At U.S. Power Producers Drops To Lowest Since 1983
U.S. electricity producers consumed the lowest amount of coal in the first half of 2018 since 1983, as natural gas is increasingly replacing coal-fired generation, according to calculations by…
Saudi Arabia Just Made An Unconventional Move To Replace Iran’s Condensate Sales
Amid a growing number of buyers fleeing Iranian crude oil and condensate purchases ahead of the U.S. sanctions, Iran’s fellow OPEC member and regional arch foe Saudi Arabia is offering…
Bolton: U.S. Will Be “Aggressive and Unwavering” On Iran Oil Sanctions
The United States will be “aggressive and unwavering” in enforcing the sanctions on Iran and won’t let those sanctions be evaded by the European Union or anyone else, U.S. national…
Nigerian Official: OPEC Has Limited Spare Capacity To Balance Oil Market
OPEC will be looking to balance the oil market after crude oil prices hit their highest in four years, but the cartel’s options to manage the market could be limited…
Tesla Inches Closer To Completely Autonomous Driving
Tesla will release its biggest software update in two years by the end of the week, chief executive Elon Musk, true to himself, said in a tweet in response…
Oil Pares Gains As API Reports Surprise Crude Build
The American Petroleum Institute (API) reported a build of 2.903 million barrels of United States crude oil inventories for the week ending September 21, compared to analyst expectations that this…
