 |
Louisiana Light • 2 days | 86.60 | -0.08 | -0.09% | ||
|
Bonny Light • 19 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 • 3 hours | 2.710 | -0.003 | -0.13% |
|
Bonny Light • 19 hours | 88.69 | -0.04 | -0.05% | ||
|
Girassol • 19 hours | 89.20 | -0.10 | -0.11% | ||
|
Opec Basket • 2 days | 87.35 | -2.29 | -2.55% |
|
Peace Sour • 10 hours | 75.30 | -0.05 | -0.07% | ||
|
Light Sour Blend • 10 hours | 78.35 | -0.05 | -0.06% | ||
|
Syncrude Sweet Premium • 10 hours | 85.30 | -0.05 | -0.06% | ||
|
Central Alberta • 10 hours | 75.70 | -0.05 | -0.07% |
|
Eagle Ford • 2 days | 79.21 | +0.04 | +0.05% | ||
|
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% |
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News
Second Oil Spill Reported in Kuwait’s Ras Al-Zour Waters
A new oil slick off of Kuwait’s southern shores is spreading in the Persian Gulf and will add on the impact of a recent 35,000-barrel spill in the same water…
Libyan Oil Liberator Aims To Boost Russian Ties
In a sign that Libya’s powerful military is moving closer to Russia, Libyan National Army (LNA) commander Khalifa Haftar—the man responsible for recapturing the country’s oil ports and essentially restarting…
Australia Takes On Qatar For Top LNG Producer Status
Australia this week moved a step closer to becoming a real problem for Qatar on the LNG market, after the second floating production, storage, and offloading vessel for the Ichthys…
Iran Boosts S. Korea Oil Market Share While Saudis Cut
Iran continues to raise market share in Asia, with crude sales to South Korea increasing by 26.5 percent on the year in July, while Saudi Arabia’s oil sales to Seoul…
EIA Predicts US Shale Output Up By 117,000 BPD In September
New Energy Information Administration (EIA) data puts U.S. shale output up 117,000 barrels per day in September compared to August. Production in the Permian Basin is expected to see…
Sierra Club Sues DOE For Sources Used In Electric Grid Study
The U.S. Energy Department’s newly commissioned study on the national electric grid hit a new legal road block this week when a green group filed a lawsuit against the agency…
Hedge Funds Bullish On Crude For The 3rd Time This Year
For the third time this year, hedge fund managers have become bullish on crude oil prices, raising their long position by 705 million barrels in the week ending on August…
China’s Refinery Run Rates At 10-Month Low
At 10.71 million bpd, China’s crude refineries saw in July their lowest daily throughput rate since September last year as state firms and independent refineries, both swimming in inventory, continue…
Aramco IPO Value May Be Much Lower Than Expected
While most international analysts have already said that the value of Saudi Aramco in next year’s IPO would not be close to the Saudi target and claim of US$2 trillion,…
OPEC Reference Basket Oil Price Drops By $1.33 In One Day
The price of the OPEC basket of 14 crude varieties of its members dropped to US$49.37 a barrel on Friday from US$50.70 the previous day, OPEC said on Monday,…
Mexico Becomes Increasingly Important For U.S. Energy Exports
U.S. energy sales account for more than 50 percent of Mexico’s current energy imports as Mexican energy reforms open the market and as the country is switching to natural gas-fired…
35,000-Barrel Oil Spill Prompts Urgent Cleanup In Kuwait
An oil spill into Kuwaiti waters prompted an emergency cleanup over the weekend, with media reports saying it all will be over this week. While some sources attributed…
Brazil Plans for $17 Billion In New Investments By 2017 End
Brazil’s state-owned Petrobras forecasts $17 billion in investments and $8 billion in asset liquidation over the course of 2017, according to a new corporate financial presentation posted online. The…
PDVSA Refineries Look Towards Canadian Crude To Meet Demand
Caracas’ state-owned refineries in the United States have begun to inquire about importing oil from Canada instead of Venezuela due to the latter country’s oil production crisis, according to a…
Nigerian Protesters Storm Shell Crude Oil Flow Station
Hundreds of Nigerians stormed on Friday a Shell-owned crude flow station that feeds the Bonny export terminal, protesting against lack of jobs and demanding infrastructure development, according to a
OPEC/Non-OPEC Overproduce 470,000 Bpd Above Commitment
Stronger-than-expected oil demand growth may be tilting the market to rebalancing, but confidence in any sustained rebalancing is suppressed on the back of OPEC and non-OPEC producers’ signals of weakening…
Saudi Crown Prince Favors New York Over London For Aramco IPO
Even though Saudi Arabia’s advisors are favoring London over New York for the foreign venue to list Aramco shares, Saudi Crown Prince Mohammad bin Salman and the Saudi government are…
Indian Refiners Plan To Splash $35B On Petrochemicals
Indian state-owned refiners are planning to spend US$35 billion on expanding their petrochemicals output in anticipation of a boom in demand for products ranging from plastics to paints, Reuters
B.C. Seeks To Block Trans Mountain Oil Pipeline Extension
The new government of British Columbia has announced that it stands firmly against the extension of Kinder Morgan’s Trans Mountain oil pipeline and will seek ways to block its construction…
Natural Gas To Take Over For Solar Capacity During Eclipse
Natural gas turbines will replace solar power capacity during the August 21st solar eclipse, highlighting the carbon-light fossil fuel’s emerging role as a gateway “green” energy in the coming…
