 |
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 • 174 days | 77.26 | -1.51 | -1.92% | ||
|
Gasoline • 43 mins | 2.776 | +0.018 | +0.66% |
|
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 • 2 hours | 76.77 | +0.76 | +1.00% | ||
|
Light Sour Blend • 2 hours | 79.82 | +0.76 | +0.96% | ||
|
Syncrude Sweet Premium • 2 hours | 86.77 | +0.76 | +0.88% | ||
|
Central Alberta • 2 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% |
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News
Ecuador Won’t Ask Exemption From OPEC Oil Production Cuts
Ecuador has temporarily shelved its idea to ask from OPEC later this month to be exempt from its share of the production cuts, because the cartel’s supply restrictions are successfully…
Norway’s $1 Trillion Wealth Fund Proposes To Ditch Oil Stocks
The world’s largest sovereign wealth fund, Norway’s US$1-trillion Government Pension Fund Global, recommended on Thursday the removal of oil and gas stocks—US$35 billion worth of shares—from the fund’s equity…
Ecuador Seeks To Clear Schlumberger Debt By End-November
Ecuador’s state oil company Petroamazonas plans to clear its US$850-million remaining debt to oilfield service giant Schlumberger by the end of this month. The company has US$300 million in…
Santos Admits It Rejected $7.2B Takeover Bid
Australia’s second-largest energy company Santos said it had in August rejected a takeover bid from a private equity-backed company, Harbour Energy. The statement was issued in response to media…
U.S. Senate Panel Votes To Open Alaskan Refuge To Drilling
The U.S. Senate energy and natural resources panel voted to open a portion of an Alaskan wildlife refuge to allow oil drilling on Wednesday, angering conservationists who had fought…
Africa’s Richest Woman Fired From Sonangol
The new Angolan president fired his predecessor’s daughter as head of the national oil company Sonangol, according to news emerging from one of Africa’s largest oil producers. Isabel Des…
Oil And Gas M&A Deal Appetite Highest Since 2013
The oil and gas sector has become increasingly positive about corporate earnings and credit availability to the point that 69 percent of industry executives expect to actively pursue an acquisition…
Russian Hackers Target British Energy Industry
Russian hackers have attacked targets from the British energy industry over the last 12 months, the head of the country’s National Cyber Security Center, Ciaran Martin said. The warning, according…
Venezuela Signs $3.15B Debt Restructuring Deal With Russia
Russia is throwing a life-line to defaulting Venezuela after the two countries signed on Wednesday a deal to restructure US$3.15 billion worth of Venezuelan debt owed to Moscow. Under…
DOJ: Protestors Interfering With Pipeline Construction Will Be Prosecuted
The U.S. Justice Department will begin prosecuting climate activists and protestors that perpetrate violence and destruction towards pipelines or other oil infrastructure to make their political points, Reuters said…
Lower Oil Prices Benefit European Refiners
European refiners have seen their energy costs drop alongside the fall in oil prices, which has boosted their competitive position compared to North and South America, but Europe is still…
World’s Biggest Private Equity Firm Raises $1 Billion To Invest In Oil
On the back of renewed confidence in higher oil prices, the world’s biggest private equity firm, The Carlyle Group, is looking to raise US$1 billion to create a new fund…
Oil Prices Tank After API Reports Strong Build In Crude Inventories
The American Petroleum Institute (API) reported a shocking build of 6.513 million barrels of United States crude oil inventories, against a Wall Street Journal analyst expectation that inventories would draw…
Iraq Oil Revenue Not Enough For Sustainable Development
Oil revenues still are not high enough to allow the Iraqi government to fund the reconstruction of the country, according to Iraqi Prime Minister Haider Al-Abadi. “Oil prices are…
Sudan In Talks With Foreign Oil Firms To Boost Crude Production
Sudan has discussed the development of its oil industry following the removal of many U.S. sanctions on the country—including on oil and petrochemical industries—with Russia’s Lukoil and with other…
Shell: Four Oil Platforms Shut In Gulf Of Mexico After Fire
Four oil platforms in the Gulf of Mexico have been shut after a fire broke out at Shell-operated Enchilada oil platform last week, Shell said on Tuesday. “Production is…
OPEC To Recruit New Members To Fight Market Imbalance
Some non-OPEC members allied with OPEC in the oil production cuts could become official members of the cartel in the future, the UAE’s Energy Minister Suhail Al Mazrouei said on Tuesday.…
Green Groups Want Norway’s Arctic Oil Drilling Licenses Canceled
Environmentalist organizations took the Norwegian government to court over the awarding of oil drilling licenses in the Arctic, and argued on the first day of hearings on Tuesday that…
Venezuelan Oil Output Drops To Lowest In 28 Years
Venezuela’s oil output dropped to its lowest in 28 years last month, according to new data released by OPEC on Monday. The oil-dependent economy produced only 1.863 million barrels…
Shale Production Rises By 80,000 BPD In Latest EIA Forecasts
Shale production at American oil production sites will increase by 80,000 barrels per day next month, according to estimates from the Energy Information Administration. So far, every month in…
