 |
Louisiana Light • 3 days | 87.12 | +0.03 | +0.03% | ||
|
Bonny Light • 2 days | 88.87 | +0.67 | +0.76% | ||
|
Opec Basket • 3 days | 86.51 | -1.01 | -1.15% | ||
|
Mars US • 173 days | 77.26 | -1.51 | -1.92% | ||
|
Gasoline • 1 hour | 2.734 | +0.009 | +0.33% |
|
Bonny Light • 2 days | 88.87 | +0.67 | +0.76% | ||
|
Girassol • 2 days | 89.45 | +0.81 | +0.91% | ||
|
Opec Basket • 3 days | 86.51 | -1.01 | -1.15% |
|
Peace Sour • 16 hours | 76.56 | +1.46 | +1.94% | ||
|
Light Sour Blend • 16 hours | 79.61 | +1.46 | +1.87% | ||
|
Syncrude Sweet Premium • 16 hours | 86.56 | +1.46 | +1.72% | ||
|
Central Alberta • 16 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
US Geological Survey To Reevaluate Bakken Oil Reserves
Federal geologists will lead a push to reevaluate the total amount of recoverable oil near North Dakota’s Bakken formation, according to the state’s Senator John Hoeven. Hoeven requested the…
Brazil Cuts Local Content Requirements to Attract Oil Investors
Brazil is looking to cut local content requirements for future oil E&P contracts in a bid to satisfy the demands of local suppliers and allow new customs breaks for oil…
Forties Pipeline Could Remain Shuttered For Weeks
The Forties oil and gas pipeline shutdown on Monday, caused energy prices in the United Kingdom to spike in the afternoon, according to a new report by Reuters. Brent…
Desjardins Ends Energy Loan Moratorium
Canada’s Desjardins, the largest association of credit unions in North America, has decided to lift a moratorium on loans for energy and pipeline projects, noting that it will weigh its…
ADNOC Distribution IPO Valuation Could Be Lesson For Aramco
The Abu Dhabi National Oil Company (ADNOC) has set an IPO offer price for its fuel distribution unit at US$ 8.5 billion, well below the up-to-US$14 billion valuation…
Russia May Turn To Cryptocurrencies For Oil Trade
Russia may be looking to use cryptocurrencies for oil trade to avoid payments in U.S. dollars and limit the impact of the U.S. sanctions, Russia’s government-backed outlet RT reports.…
Iraq-Iran Oil Swap Deal To Run For 1 Year
The oil swap deal that Iraq and Iran agreed to last week will run for one year and is subject to renegotiation, Iraq’s Oil Minister, Jabbar al Luaibi told media.…
Venezuelan Crude Exports To U.S. Fall To 15-year Lows
Venezuelan crude exports to the U.S. fell last month to their lowest levels since January 2003, according to new Reuters data. Sanctions and low production caused the decline in…
Mexico Blames Brazil For Failing Auction
The state-run oil company PEMEX blamed the failure of a recent deep-water Gulf of Mexico auction in the on competition from ongoing tenders in Brazil, according to a new…
Norway Allows Eni To Restart Goliat Oil Field In Barents Sea
Norway’s Petroleum Safety Authority said on Friday that it had determined that the order that had required a shutdown of the Goliat oil field in the Barents Sea has…
Malaysia Suggests Muslim Countries Stop Trading Oil In U.S. Dollars
The Malaysian Indian Congress (MIC) suggested on Friday that Muslim countries stop trading their oil in U.S. dollars in retaliation to the United States for recognizing Jerusalem as the…
Kinder Morgan Wins Appeal To Start Trans Mountain Work
Canada’s National Energy Board (NEB) on Thursday ruled in favor of Kinder Morgan, saying the company is not required to comply with two sections of the City of Burnaby’s…
Mexico Cancels Deepwater JV Tender Due To Lack Of Interest
Mexico’s oil regulator canceled on Thursday an auction slated for January 31 for a joint venture with state oil company Pemex in a deepwater area containing super light crude…
Oil Drillers Give Cold Shoulder To Alaska Bidding Round
U.S. officials said a lease sale including newly offered lands from Arctic Alaska for oil drilling did not draw very many bids, according to a Reuters report. Seven bids…
Budweiser Bets On Tesla To Replace Its Fleet
Anheuser-Busch, the parent company of Budweiser beer, has reserved 40 of Tesla’s newly announced electric Semi trucks aimed at reducing fuel costs and carbon emissions, according to Reuters and…
Forties Pipeline And Nearby Terminal Disrupted After Oil Leak
The Forties pipeline stream—the United Kingdom’s main export vein for its Scottish refineries—saw disrupted flows on Thursday after officials spotted a “seepage” onshore. Another flaring issue at the Kinneil terminal…
Major Nigerian Union Threatens Strike After Mass Firing Of New Members
A major Nigerian oil union has threatened to strike on December 18th in retaliation to a “mass sacking” of workers that had joined the organization, according to a new
China’s Sinopec Sues Venezuela’s PDVSA Over Unpaid Debts
One of China’s biggest state-held companies, Sinopec, is suing Venezuela’s debt-ridden oil firm PDVSA in a U.S. court over unpaid bills, in a sign that China may be losing…
Chevron Cuts Total 2018 Capex, Boosts U.S. Shale Investment
Chevron Corporation plans to cut its total capital and exploratory budget for a fourth consecutive year in 2018—to $18.3 billion, compared to the $19.8 billion that it planned…
Shell Idles Six Nigerian Power Plants After Gas Shortage
Nigeria’s lack of infrastructure is hampering the transportation of gas to power plants, and six plants are currently sitting idle in the country because they lack gas, according to…
