 |
Louisiana Light • 3 days | 87.12 | +0.03 | +0.03% | ||
|
Bonny Light • 1 day | 89.32 | +0.45 | +0.51% | ||
|
Opec Basket • 3 days | 86.51 | -1.01 | -1.15% | ||
|
Mars US • 173 days | 77.26 | -1.51 | -1.92% | ||
|
Gasoline • 1 hour | 2.745 | +0.011 | +0.39% |
|
Bonny Light • 1 day | 89.32 | +0.45 | +0.51% | ||
|
Girassol • 1 day | 89.90 | +0.45 | +0.50% | ||
|
Opec Basket • 3 days | 86.51 | -1.01 | -1.15% |
|
Peace Sour • 10 mins | 76.01 | -0.55 | -0.72% | ||
|
Light Sour Blend • 10 mins | 79.06 | -0.55 | -0.69% | ||
|
Syncrude Sweet Premium • 10 mins | 86.01 | -0.55 | -0.64% | ||
|
Central Alberta • 10 mins | 76.41 | -0.55 | -0.71% |
|
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% |
China Tightens Hold on Iraq's Oil with Al-Faw Refinery Nearing Completion
China is finishing the Al-Faw…
Nigeria To Launch Crude Trading at its Commodity Exchange
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Big Oil May Not Support All Trump 2.0 Policies
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News
GE, Baker Hughes Get Green Light for Merger
The Department of Justice (DOJ) has given the go-ahead to a proposed merger between GE’s oil and gas business division and Baker Hughes that will create an oilfield service company…
Refracking Extracts 200,000-250,000 Additional Barrels In Bakken
New fracking techniques for Bakken wells are allowing industry leaders to recover more oil without damaging surrounding lands, according to a new report by The Bismarck Tribune. Drilled but…
Statoil Bets Big On Brazil, Aims To Triple Production By 2030
Statoil will more than triple its production in Brazil by becoming the sole operator of the Carcara discovery, according to the Norwegian company’s local subsidiary. “We expect (Statoil's) equity production…
Sinopec Considers Oil Output Drop To Fight Domestic Glut
State-refiner Sinopec could cut oil output by a third to combat a domestic oil supply glut fueled by competition from independent refiners and slow demand. "The company (Sinopec) is facing…
One Bondholder Put A Price On Goldman’s Venezuelan ‘Hunger Bonds’
A Pennsylvania-based asset manager has said that the US$2.8 billion bonds of Venezuela’s oil firm PDVSA, which Goldman Sachs bought last month for US$0.31 on the dollar, were worth US$0.33…
Iran Aims To Develop Its Largest Oil Field
One of Iran’s top energy priorities this year would be developing onshore and offshore oil fields that it shares with neighboring countries, the official Islamic Republic News Agency (IRNA) quoted…
Analysts: Investment In Renewables An Opportunity For Oil Majors
As wind and solar power are expected to upend the global energy market over the next few decades, clean energy is not only a threat to legacy oil and gas…
Iraq To Raise Oil Export Terminal Capacity To 1 Million Bpd
Iraq’s Basra Oil Company is working on expanding the daily capacity of the Amaya oil export terminal in Basra to one million barrels, a deputy oil minister told media over…
UAE Ports Ban Raises Shipping Costs For Qatari Oil Cargoes
Crude oil and fuel shipments from Qatar are set to become more expensive after the United Arab Emirates imposed a port-wide ban on vessels carrying these commodities from Qatar. This…
Mexico Begins Mingling With Wall Street For 2018 Oil Price Hedge
Mexico City is making moves to secure its annual oil price hedging program, according to sources familiar with the process who spoke to Bloomberg. A finance team has begun to…
Eni Begins Oil Production In Ghana Three Months Ahead Of Schedule
Ghana’s Sankofa field will restart production three months earlier than anticipated, according to a new announcement from the project’s partners on Friday. Italian Eni holds a 44.44 percent stake…
Azerbaijan’s Energy Minister Dies
Azerbaijan’s Energy Minister Natig Aliyev died on Friday in Turkey, and his body will be flown to Azerbaijan’s capital Baku on Saturday, Upstream Online reports, quoting the Azeri Energy…
Belgian Court Unfreezes Russian Assets In Yukos Case
A court of first instance in Brussels has ruled that Russian assets in Belgium—frozen at the request of former Yukos shareholders as part of their legal battle against Russia—be unfrozen,…
Finance Minister: Russia Adapted To Lower-for-Longer Oil Prices
This year Russia’s budget is reaching its highest level of resistance to oil price swings in the past nine years, Russian Finance Minister Anton Siluanov told Parliament on Friday.…
Statoil Takes Over Great Australian Bight Oil Exploration From BP
Norway’s Statoil has announced an announced with BP to take over exploration for oil and gas in four blocks in the Great Australian Bight. The agreement, approved by the Australian…
China’s State Oil Giants Import More Oil In May
China’s crude oil imports went up by 15.4 percent on an annual basis last month on the back of more purchases coming from state-owned companies, Platts reports. The daily…
Qatari LNG Cargoes Change Course Amid Rising Tensions
Two Qatari LNG tankers carrying a combined 524,000 cu m of the fuel suddenly changed course in the Gulf of Aden on their way to the Suez Canal yesterday, energy…
Congo Republic Plans 350,000 BPD Output In 2018
By 2018, oil projects in the Congo Republic will boost output by 25 percent to 350,000 barrels per day according to a new report by Reuters. By next year,…
Nigeria Says Refinery Upgrades Should Cost $1.2 Billion
A $1.2 billion spending plan will allow Nigeria the refining upgrades it needs to terminate its dependence on refined oil imports in two years’ time, according to Oil Minister Ibe…
The Niger Delta Avengers Declare War Once More
The militants who wagered a war against Nigerian oil output in 2016 are banding together once again to threaten the African nation’s energy sector. Corporal Oleum Belum, spokesman for…
