 |
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 • 15 mins | 2.735 | +0.010 | +0.37% |
|
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 • 14 hours | 76.56 | +1.46 | +1.94% | ||
|
Light Sour Blend • 14 hours | 79.61 | +1.46 | +1.87% | ||
|
Syncrude Sweet Premium • 14 hours | 86.56 | +1.46 | +1.72% | ||
|
Central Alberta • 14 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% |
UK Firms Embrace Reshoring Amidst Global Supply Chain Concerns
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LME's Russian Metal Ban Reshapes Global Trade Dynamics
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News
Libya Loses 50,000 BPD In Production As Protests Continue
The Sara oilfield has dropped production by 50,000 barrels per day due to ongoing protests at the area, according to a new report by Reuters. The Libyan National Oil…
Shell Tops Q3 Forecasts In Big Oil’s Solid Earnings Season
Royal Dutch Shell (NYSE:RDS.A) was the last of the five supermajors to report Q3 profits, and it further boosted the positive mood for Big Oil this earnings season, reporting…
TransCanada Wants Alberta To Commit To Keystone XL Capacity
TransCanada is urging the government of Alberta to buy capacity for its proposed Keystone XL pipeline in a ‘take or pay’ agreement similar to the one the province had pledged…
PDVSA Not Out Of The Woods Just Yet
Yet another of PDVSA’s bond is due on Thursday—this time in the amount of $1.169 billion. The bond is coming due just after another critical bond payment was received…
Climate Change Fight Is Bad News For Refineries
International government efforts to slow down the rate of climate change would have a dramatic impact on the world’s oil refining industry, a new report from Carbon Tracker has…
Tesla Still Struggling With Production, But Skies Are Beginning To Clear
After releasing its worst quarterly figures ever, Tesla said it will delay the full-scale production of its Model 3 to early 2018, from December this year. Now, the company…
OPEC Likely to Keep Cuts Through 2018
OPEC is likely to keep its 1.2 million barrels per day of production reductions in place through the end of 2018, according to bloc sources from the Gulf who…
Russia’s Rosneft To Invest Billions In Iranian Oil & Gas
Russia’s oil giant Rosneft and the National Iranian Oil Company (NIOC) signed on Wednesday a road map for strategic cooperation in oil and gas in Iran--cooperation which Rosneft’s chief…
UK’s Largest Independent Oil Producer To Begin North Sea Drilling In 2018
Chrysaor will begin drilling in the North Sea in 2018 following its $3.8 billion purchase from Royal Dutch Shell, the company’s chairman Linda Cook said Wednesday, according to
Ford Races Ahead Of Detroit's Big Three
With investors always so fixated on short-term results and today’s corporations criticized for short-term decision-making, it comes as some surprise that the media uses the long-term potential for electric cars,…
PetroChina Boosts November Oil Product Exports Significantly
PetroChina will be boosting its oil product exports by 26 percent in the month in November in line with its strategy to increase exports to overseas markets, Platts reported…
Russia’s Gazprom To Help Build Iran-India Gas Pipeline
Russia’s state-controlled gas giant Gazprom will take part in a project for the construction of a gas pipeline between Iran and India, Russian media quoted Energy Minister Alexander Novak as…
Canadian Oil Drilling To Grow In 2018: Petroleum Association
Crude oil drilling in Canada will increase next year, the Petroleum Services Association of Canada said in a report, adding that the increase in 2018 will be moderate, to…
Huge Crude Draw Pushes Oil Prices Even Higher
The American Petroleum Institute (API) reported a huge draw of 5.087 million barrels in United States crude oil inventories, largely in line with an S&P Platts’ survey of analysts that…
Mexico Spends Record $1.25 Billion On 2018 Oil Hedge
Mexico spent $1.25 billion on an oil hedge to lock in oil prices for 2018, according to new data released by the nation’s finance ministry. On average, Mexico has…
OPEC Output Drops By 80,000 BPD On Iraq Output Instability
A new Reuters survey found that OPEC’s output dropped in October due to production disruptions in Iraq as well as increased compliance to established quotas by the rest of…
UK Oil & Gas Reserves Fall To 5.7 Billion BOE
The UK’s proven and probable (2P) oil and gas reserves as at end-2016 were 5.7 billion barrels of oil equivalent (boe), down from 6.3 billion boe at end-2015, due to…
Petrobras Pipeline Sale Sparks Interest From Investors Worldwide
Twenty investors—including France’s Engie, a Brazilian investment group, and an Abu Dhabi state-owned holding group—are interested in buying a majority stake in a gas pipeline network in Brazil currently owned…
BP Launches Share Buyback As Q3 Profit Beats Estimates
BP (NYSE:BP) is starting a share buyback program as it doubled its third-quarter profit, in a sign that the UK oil supermajor is now more optimistic of its business…
Railway Company Lawsuit Highlights Dangers Of Oil By Rail
Norfolk Southern Railway is suing a company that manufactures railroad ties because it didn’t use the right protective coating for the ties, and now Norfolk Southern will need to…
