 |
Louisiana Light • 2 days | 86.49 | -0.63 | -0.72% | ||
|
Bonny Light • 1 day | 88.40 | -0.92 | -1.03% | ||
|
Opec Basket • 2 days | 88.45 | +1.94 | +2.24% | ||
|
Mars US • 175 days | 77.26 | -1.51 | -1.92% | ||
|
Gasoline • 14 mins | 2.777 | +0.019 | +0.67% |
|
Bonny Light • 1 day | 88.40 | -0.92 | -1.03% | ||
|
Girassol • 1 day | 89.03 | -0.87 | -0.97% | ||
|
Opec Basket • 2 days | 88.45 | +1.94 | +2.24% |
|
Peace Sour • 6 hours | 76.77 | +0.76 | +1.00% | ||
|
Light Sour Blend • 6 hours | 79.82 | +0.76 | +0.96% | ||
|
Syncrude Sweet Premium • 6 hours | 86.77 | +0.76 | +0.88% | ||
|
Central Alberta • 6 hours | 77.17 | +0.76 | +0.99% |
|
Eagle Ford • 2 days | 79.29 | -0.04 | -0.05% | ||
|
Oklahoma Sweet • 2 days | 79.25 | -0.50 | -0.63% | ||
|
Kansas Common • 1 day | 73.75 | +0.75 | +1.03% | ||
|
Buena Vista • 2 days | 87.23 | -0.55 | -0.63% |
Texas Deepwater Oil Export Projects Stall
Four projects were planned offshore…
Global Climate Goals Still Unreachable Despite Record Renewable Growth
Renewable energy installations reached record…
Could the Conflict Between Iran and Israel Turn Nuclear?
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News
Tesla Short Sellers Take $1.7B Hit
Tesla is the most shorted stock among U.S. companies, and CEO Elon Musk is notoriously caustic in his Twitter comments about “Shortville.” This week, after the release of Tesla’s…
Is This The End Of Ultra Cheap Gasoline In Venezuela?
As the economic crisis continues to deepen, Venezuela’s President Nicolas Maduro is promising a new policy on gasoline (the world’s cheapest)— which is currently generously subsidized by the socialist…
India’s Oil Imports From Iran Jump To Record-High In July
Ahead of the return of the U.S. sanctions on Iran, India’s state refiners boosted their Iranian oil purchases, pushing up Indian oil imports from Iran by 30 percent from June,…
Saudi Arabia Cuts Oil Pricing To Lure New Buyers
Saudi Arabia is cutting the September official selling prices (OSPs) for all its grades and to all markets except for to the United States, as it aims to entice…
South Korea To Import Record U.S. Oil Volumes In September, October
South Korea’s imports of U.S. crude oil are expected to hit all-time highs in September and October, as the world’s fifth-largest oil importer cuts off Iranian oil imports and looks…
Trump Administration Rolls Back Fuel Economy Standards For Cars
The Trump Administration unveiled on Thursday proposed rulemaking for rolling back Obama-era fuel economy standards for automakers, recommending the freezing of the mile-per-gallon standards for passenger cars and light…
BP Finally Unloads Crude Cargo For Chinese Teapot After Months In Port
A 2-million-barrel crude oil cargo for an independent Chinese refiner in Shandong has finally been fully unloaded after two months spent at the port of Qingdao, Reuters reports, adding…
Iran Prepares Military Exercise In Gulf: U.S. Officials
There is increased Iranian military activity in the Strait of Hormuz, the U.S. Central Command confirmed to Reuters after several U.S. government officials said they believed Iran was preparing…
Tesla Stock Shoots Up Despite Another Q2 Loss
Tesla reported a net loss of US$717.54 million for the second quarter, an increase on both a quarterly and annual basis, but the company’s stock climbed up on the…
Indonesia Edges Out Another Oil Major In Push To Nationalize Natural Resources
The Indonesian government has moved to reclaim its prolific Rokan oil block from Chevron in 2021 when its contract is set to expire, it will then turn it over to…
India Allows Firms To Drill For Shale Oil, Gas Under Existing Contracts
India’s cabinet approved on Wednesday a policy to allow companies to explore and exploit unconventional oil and gas resources such as shale oil and gas and coalbed methane under…
Renewables, Nuclear Squeeze Out Fossil Fuel Power In France
Electricity generation from renewable and nuclear power sources in France jumped in June and squeezed out fossil fuels coal, oil, and gas, grid operator RTE said in its Monthly…
Norway Puts First Deposit In $1-Trillion Oil Fund Since Early 2016
In a sign that the Norwegian economy and its oil industry are doing much better at the current higher oil prices, Norway’s finance ministry made in June its first…
CNPC Boasts Substantial Increase In Overseas Oil, Gas Production
china National Petroleum Corp (CPNC) booked a 7.3-percent increase in its equity oil and gas production overseas during the first half of the year, Reuters reports, adding that in…
Tesla Plans $5-Billion Auto-Plant In China
Tesla plans to build a US$5-billion car-manufacturing plant near Shanghai in China, and is weighing possibly raising part of the funds for the factory from local partners, Bloomberg reported…
Iraqi Firms Will Develop Nassiriya Oil Field, Mansuriyah Gas Field
Iraq’s oil ministry has ordered state-held firms to take over the development of the Mansuriyah gas field and the Nassiriya oil field, after foreign firms failed to resume work…
Shell Will Soon Decide On Bonga Field Expansion
Shell is close to making the final investment decision on the expansion of its deepwater Bonga field in Nigeria, S&P Platts reports, citing a statement from Shell Nigeria Exploration…
Surprise Crude Oil Inventory Build Sends Prices Lower
The American Petroleum Institute (API) reported a crude oil inventory build of 5.59 million barrels of United States crude oil inventories for the week ending July 28, compared to analyst…
BP Lifts Dividend For The First Time Since 2014 Oil Price Crash
BP (NYSE:BP) announced on Tuesday the first dividend increase since the oil prices started crashing in 2014, as it quadrupled second-quarter earnings from a year ago. BP reported…
Major Asian Buyers Slash Iranian Oil Imports To 7-Month-Low
The top Asian oil importers and Iranian oil customers—China, India, Japan, and South Korea—bought in June their lowest combined volume of Iranian oil in seven months, as South Korea slashed…
