 |
Louisiana Light • 2 days | 86.60 | -0.08 | -0.09% | ||
|
Bonny Light • 1 day | 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 • 13 hours | 2.710 | -0.003 | -0.13% |
|
Bonny Light • 1 day | 88.69 | -0.04 | -0.05% | ||
|
Girassol • 1 day | 89.20 | -0.10 | -0.11% | ||
|
Opec Basket • 2 days | 87.35 | -2.29 | -2.55% |
|
Peace Sour • 20 hours | 75.30 | -0.05 | -0.07% | ||
|
Light Sour Blend • 20 hours | 78.35 | -0.05 | -0.06% | ||
|
Syncrude Sweet Premium • 20 hours | 85.30 | -0.05 | -0.06% | ||
|
Central Alberta • 20 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
Tullow Strikes More Oil In Kenya
Tullow Oil has announced a find in the Emekuya-1 oil well in the South Lokichar basin in the northwestern part of the country. The exploration well was drilled in the…
Oil Prices Slip After U.S. API Reports Build In Crude Stocks
The American Petroleum Institute (API) reported a build of 882,000 barrels in United States crude oil inventories, compared to analyst expectations that markets would see a draw of
Global Oil Supplies Inch Down In April: IEA
Global crude oil supply inched down by 140,000 barrels daily last month, to 96.17 million bpd, the International Energy Agency said in the latest edition of its Oil Market Report.…
OPEC Export Revenues Down 15% In 2016
The Energy Information Administration has estimated that the oil export revenues of OPEC members last year declined by 15 percent on 2015 to US$433 billion, on an unadjusted basis. According…
Nigerian Strike At Exxon Spills Over To Chevron, Shell, Eni
Members of the Petroleum and Natural Gas Senior Staff Association of Nigeria, Pengassan, started on Monday a three-day nationwide strike at Chevron, Shell, and Eni’s unit Agip in a solidarity…
Saudi Aramco, Norinco Set To Build $10B Refinery Complex In China
China North Industries Corporation, a defense conglomerate also invested in the petroleum industry, has signed a deal with Saudi Aramco to build a refinery and a chemicals plant in northeast…
Russian Oil Companies Won’t Receive Compensation For Cut Extension
Russia’s oil companies that are taking part in the OPEC-led production cut effort will not receive any compensation for the reduced output, Energy Minister Alexander Novak said. A preliminary…
US Shale To Increase 122,000 BPD Next Month
American shale output will continue its rise in June, the Energy Information Administration said on Monday in a forecast likely to further rouse the irritation of members of the Organization…
Nigeria’s Next Hurdle To Restoring Oil Output
The Petroleum and Natural Gas Senior Staff Association of Nigeria, Pengassan, has told its members to withdraw their services from production facilities and offices of international oil companies operating in…
UAE A Model For New Oil Market Realities
The United Arab Emirates’ fiscal machine has adapted to the status quo of global oil markets, according to a new report by the International Monetary Fund (IMF) on Monday. The…
NNPC Plots Exploration Of Chad Basin As Boko Haram Threat Fades
Progress in Nigeria’s fight against Boko Haram will allow the country to continue exploration for oil in the Chad Basin – a formation recently freed from the grips of the…
Higher Prices Raise Norway’s Oil Export Value By 30% Y/Y In April
Norway’s crude oil exports were basically flat in volume last month compared to April 2016, but the higher oil prices led to a 30-percent rise in crude oil export revenues…
Vietnam’s Second Oil Refinery Start-Up Postponed Until 2018
Setbacks with test runs at Vietnam’s second oil refinery will delay its commercial start-up until 2018, compared to the expected launch in the third quarter this year, Reuters reported on…
Libyan Oil Output Tops 800,000 Bpd
Ahead of the OPEC meeting on May 25 when the cartel will officially announce an output cut extension into 2018, Libya reported its daily crude oil production had reached over…
Power Of Siberia Pipeline Ahead Of Schedule
The Power of Siberia gas pipeline that will carry Russian natural gas to China is moving ahead of schedule, with 720 km of the 3,000-km structure already built, Gazprom’s…
$2B Oil Lawsuit Has Investors Worried About Angola
U.S.-based oil company Cobalt filed for arbitration for a $2-billion suit against Angola’s state-run Sonangol oil giant this week, according to court documents found by Reuters. The two parties…
Nigeria’s Forcados Terminal Set To Make Two 950,000-Barrel Shipments In May
At least two 950,000-barrel cargoes of Nigeria’s Forcados crude will ship from the pipeline’s main terminal in May, for the first time since November, according to trading sources who spoke…
Cyprus Hopes Giant Egypt Gas Find Extends Into Cypriot Waters
Following the giant Zohr gas discovery offshore Egypt in 2015, Cyprus has boosted efforts to award drilling licenses and hopes that the geology of Zohr extends into Cyprus’s exclusive economic…
Caspian Pipeline To Boost Oil Exports In 2017
The Caspian Pipeline—which runs from the giant Tengiz oil field in Kazakhstan to a sea terminal near Novorossiysk in Russia—plans to increase its exports to the world markets to…
India’s Oil Demand Ticks Up In April, Reverses 3-Month Drop
India’s oil demand returned to growth in April, following three months of declines amid a cash crunch caused by the government’s demonetization move to tackle corruption, Bloomberg reported on Friday,…
