 |
Louisiana Light • 2 days | 86.60 | -0.08 | -0.09% | ||
|
Bonny Light • 22 hours | 88.69 | -0.04 | -0.05% | ||
|
Opec Basket • 2 days | 87.35 | -2.29 | -2.55% | ||
|
Mars US • 168 days | 77.67 | -1.57 | -1.98% | ||
|
Gasoline • 6 hours | 2.710 | -0.003 | -0.13% |
|
Bonny Light • 22 hours | 88.69 | -0.04 | -0.05% | ||
|
Girassol • 22 hours | 89.20 | -0.10 | -0.11% | ||
|
Opec Basket • 2 days | 87.35 | -2.29 | -2.55% |
|
Peace Sour • 14 hours | 75.30 | -0.05 | -0.07% | ||
|
Light Sour Blend • 14 hours | 78.35 | -0.05 | -0.06% | ||
|
Syncrude Sweet Premium • 14 hours | 85.30 | -0.05 | -0.06% | ||
|
Central Alberta • 14 hours | 75.70 | -0.05 | -0.07% |
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Eagle Ford • 2 days | 79.21 | +0.04 | +0.05% | ||
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Oklahoma Sweet • 2 days | 79.25 | +0.00 | +0.00% | ||
|
Kansas Common • 3 days | 73.00 | -2.50 | -3.31% | ||
|
Buena Vista • 3 days | 86.86 | -2.40 | -2.69% |
Profit Taking Is Putting Downward Pressure on Oil Prices
Oil prices fell this week…
Strike Threatens To Halt Production at Key UK Steel Plant
Tata Steel workers in Port…
Small Banks Significantly Boost Loans to Oil And Gas Firms
Regional banks BOK Financial, Citizens…
News
WTI At 7-Month High On Supply Optimism, Kurdistan Referendum
West Texas Intermediate hit US$52.22 a barrel yesterday at the close of trade, up by 3 percent as favorable factors combined to push up international benchmarks. Brent crude settled…
Permian Still Holds 60-70 Billion Barrels Of Recoverable Oil
The lucrative Permian Basin still holds between 60 and 70 billion barrels of unharvested oil, IHS Markit Ltd said this week. The recoverable resources in the basin shared by…
Petrobras Creditors Agree To $6.22 Billion Debt Swap
Petrobras creditors have agreed to swap $6.22 billion in Petroleo Brasiliero bonds that are due between 2019 and 2021 for long-term securities, allowing Brazil’s state-owned oil company to lower…
Cracks Emerge In OPEC-Russia Oil Output Cut Pact
While OPEC and Russia are leading the production cut deal, Russia’s estimates for $40 oil doesn’t bode well for the future of the output pact that the cartel and a…
Iran Calls On OPEC To Sway Libya, Nigeria To Join Cut
OPEC should approach Libya and Nigeria, the two exempted OPEC members who were allowed to continue raising their crude oil output despite the November 2016 deal, Iran’s Oil Minister Bijan…
Chevron To Invest $4B In Permian Production
Chevron will invest some US$4 billion in 2018 to increase its crude oil output in the Permian, a senior Chevron manager said at a conference on Monday, in a…
U.S.-Backed Forces Retake Syrian Conoco Gas Plant From ISIS
U.S.-backed Syrian forces have seized a Conoco gas plant from Islamic State in the oil-rich Deir Ezzor area, depriving the militants from an important revenue source. Kurdish-led Syrian Democratic…
Iraq Says Shell May Not Quit Majnoon Oilfield
Negotiations between Baghdad and Shell regarding the company’s possible exit from the Majnoon oilfield are still continuing, Iraqi Oil Minister Jabbar al-Luiebi said on Sunday. The official added that…
Nigerian Oil Output Below 1.8 Million BPD Quota
Nigerian oil production remains below 1.8 million barrels per day, in compliance with a quota set on the African nation by OPEC earlier this year in response to its…
Colorado Landfills Contain Radioactive Substances From Oil Sector
Landfills in Colorado have begun to fill their space with low-level radioactive substances from oil and gas activities, state health officials have said, according to the local news site…
Phillips 66 Partners To Buy Phillips 66 Assets In $2.4B Deal
Phillips 66 Partners (NYSE:PSXP), the master limited partnership of Phillips 66, said on Friday that it would buy assets from Phillips 66 (NYSE:PSX) in a deal valued…
Japan Court Slams Tepco With Fukushima Damages Bill
The Chiba District Court in Japan has ordered Tokyo Electric Power Company Holdings, or Tepco, to pay damages to a group of Fukushima prefecture residents who were forced to…
Oil Spills From Pipeline After Syria Army Retakes Oil Field From ISIS
Oil spilled from a pipeline at the al-Teym oil field in the oil-rich desert south of Deir al-Zor in Syria after the Syrian Arab Army and its allies had recaptured…
Total Joins Chevron In Gulf Of Mexico Development
French Total has expanded its presence in the Gulf of Mexico by closing a farm-in agreement with Chevron for the development of seven prospects covering 16 blocks in the deepwater…
Goldman Chief Urges Riyadh To Get Vision 2030 Going
Goldman Sachs’ chief executive, Lloyd Blankfein, has urged Saudi Arabia to pursue faster progress on its Vision 2030 economic diversification program. Speaking at the Bloomberg Global Business forum in…
OPEC Talks End Without Recommendation On Output Cut Extension
The OPEC/non-OPEC joint panel on monitoring the cuts, which met in Vienna today, has concluded talks without any recommendation for the broader group on whether it will extend the production cuts…
Jamaican Refinery Expansion Stalls Due To Venezuela’s Financial Woes
The Petrojam refinery in Jamaica cannot be renovated as planned due to the acute shortage of funds in Venezuelan coffers, according to reports from local media. Jamaican Prime Minister…
India In Talks to Acquire 20 Percent Of UAE Oilfield
Indian oil companies could acquire up to 20 percent of an oil field belonging to the Abu Dhabi National Oil Company (ADNOC), Utpal Bora, CMD of Oil India Limited,
The Real Cause Of Peak Gasoline Demand
New analysis shows that fuel-efficient cars that utilize gasoline engines will lower oil demand more effectively than the widespread adoption of electric cars, according to an analyst from FGE who…
Hundreds Of Vertical Oil Wells Damaged By Horizontal Fracking
At least 450 conventional vertical wells in Oklahoma’s Kingfisher County have been damaged by horizontal fracturing, the Oklahoma Energy Producers Alliance (OEPA) said in a study, The Oklahoman reports.…
