 |
Louisiana Light • 1 day | 86.60 | -0.08 | -0.09% | ||
|
Bonny Light • 1 day | 88.73 | -1.64 | -1.81% | ||
|
Opec Basket • 1 day | 87.35 | -2.29 | -2.55% | ||
|
Mars US • 168 days | 77.67 | -1.57 | -1.98% | ||
|
Gasoline • 10 mins | 2.726 | +0.012 | +0.46% |
|
Bonny Light • 1 day | 88.73 | -1.64 | -1.81% | ||
|
Girassol • 1 day | 89.30 | -1.63 | -1.79% | ||
|
Opec Basket • 1 day | 87.35 | -2.29 | -2.55% |
|
Peace Sour • 2 hours | 75.30 | -0.05 | -0.07% | ||
|
Light Sour Blend • 2 hours | 78.35 | -0.05 | -0.06% | ||
|
Syncrude Sweet Premium • 2 hours | 85.30 | -0.05 | -0.06% | ||
|
Central Alberta • 2 hours | 75.70 | -0.05 | -0.07% |
|
Eagle Ford • 1 day | 79.21 | +0.04 | +0.05% | ||
|
Oklahoma Sweet • 1 day | 79.25 | +0.00 | +0.00% | ||
|
Kansas Common • 2 days | 73.00 | -2.50 | -3.31% | ||
|
Buena Vista • 2 days | 86.86 | -2.40 | -2.69% |
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News
Saudi Arabia To Trim Oil Exports To U.S. To Force Inventories Lower
Riyadh plans to purposely reduce exports to the United States to force a reduction in the latter’s sizeable inventories, which are preventing a greater rise in global oil prices,…
China Teapot Refiners Overflow, Slow Crude Oil Imports
Chinese independent refiners, the so-called ‘teapots’, are expected to import less crude at least until August, as high inventories, changing import quota policies, and stricter tax scrutiny are squeezing their…
Analysts Say Oil Industry Needs $45 Oil Price To Break Even
Technological advances and deflationary pressure from the downturn have resulted in an 8-percent drop in global average unit production cost to US$30 per barrel of oil equivalent in 2016, which…
Iran Sees $50B Oil Deals Enter Operational Phases In 2018
Iran expects around US$50 billion worth of oil contracts to launch their operational phases next year, according to Fardad Daliri, director of investment at the Industrial Development and Renovation Organization…
Kinder Morgan Ready To Start $5.48 Billion Trans Mountain Oil Pipeline Extension
Kinder Morgan is ready to go ahead with its expansion project for the Trans Mountain crude oil pipeline, the company said in a press release. To fund the project,…
Are Nuclear Industry Lobbyists Putting The Public At Risk?
A new article in Science magazine suggests that the nuclear industry’s lobbying activities in Washington have resulted in the disapproval of a measure that would have protected Americans’ from the…
Iran Could Consider Russian Deal For Farzad-B Block
If India backs out of the Farzad-B natural gas block deal, Russian companies could be stepping in to fill the vacuum, according to remarks by Iranian Oil Minister Bijan…
Italian Bank To Syndicate $5.8B Loan For Rosneft Deal
Intesa Sanpaolo, Italy’s largest bank by market capitalization, has started the process to syndicate the US$5.8 billion (5.2 billion euro) loan it had extended to Glencore and the Qatar Investment…
Iraq’s Oil Minister: Kurdistan Exports Not Part Of OPEC Cut Extension
The oil exports of Iraq’s semi-autonomous region of Kurdistan are not subject to the extension of OPEC’s production cuts, Iraq’s Oil Minister Jabbar al-Luaibi told Kurdish media network Rudaw during…
Texas Claims Victory As OPEC Forced To Roll Over Oil Production Cuts
“Texas shale producers forced OPEC this morning to extend its oil production cuts for 9 months,” Texas Railroad Commissioner Ryan Sitton said on Twitter on Thursday, shortly after OPEC agreed…
Equatorial Guinea Joins OPEC
Equatorial Guinea has become the 14th member of OPEC on the day the cartel announced a nine-month extension of its November 2016 crude oil production cut. The addition, as
Libya Insists On Keeping Oil Output Cut Exemption
Libya has insisted that it remains exempt from the oil output reduction deal that OPEC today decided to extend by another nine months, to March 2018. According to Libya’s ambassador…
Kuwait Favors OPEC Production Cut Extension For A Whole Year
Kuwait wants the OPEC deal extension to span a whole year,, as opposed to six months or nine, according to comments by the nation’s oil minister at the bloc’s…
Iraq Considers Massive Oil Hedge Akin To Mexico’s
Top Iraqi oil marketer Falah Al Amri suggested that Iraq is interested in creating an oil price hedging program that would lock in prices for future trades well in…
Nigerian Oil Production To Reach 2.2 Million Bpd By June
The CEO of Nigerian oil company Oando says the worst of the west African country’s output disruptions are over as the twice-attacked Forcados pipeline returns to full capacity by the…
Renewables Jobs To Double By 2030
The number of people working in the renewable energy industry globally could rise to 24 million by 2030, compared to 9.8 million in 2016, the International Renewable Energy Agency (IRENA)…
Iran Discovers New Gas Field Next To South Pars
Iran has discovered a new gas field close to the giant offshore field South Pars in the Persian Gulf, Iranian media reported on Wednesday, quoting an unnamed official with the…
Iran’s Oil Minister: OPEC Still Debating Period Of Oil Cut Extension
Although it is now a foregone conclusion that OPEC will extend the production cuts for at least some period, the cartel members are still debating how long the extension would…
Norway’s Disgruntled Oil Workers Settle On 2017 Wages
The great majority of oil workers in Norway, or 87 percent,, have agreed on wages for this year with the companies that employ them. The workers are represented by…
China’s CNPC Ready To Splash $2B On Peru Oil Field
China’s biggest oil and gas state company, CNPC, is willing to spend US$2 billion on the development of Block 58 in southern Peru. The news was reported by…
