 |
Louisiana Light • 2 days | 87.12 | +0.03 | +0.03% | ||
|
Bonny Light • 1 day | 88.87 | +0.67 | +0.76% | ||
|
Opec Basket • 2 days | 86.51 | -1.01 | -1.15% | ||
|
Mars US • 173 days | 77.26 | -1.51 | -1.92% | ||
|
Gasoline • 15 mins | 2.728 | +0.003 | +0.09% |
|
Bonny Light • 1 day | 88.87 | +0.67 | +0.76% | ||
|
Girassol • 1 day | 89.45 | +0.81 | +0.91% | ||
|
Opec Basket • 2 days | 86.51 | -1.01 | -1.15% |
|
Peace Sour • 5 hours | 76.56 | +1.46 | +1.94% | ||
|
Light Sour Blend • 5 hours | 79.61 | +1.46 | +1.87% | ||
|
Syncrude Sweet Premium • 5 hours | 86.56 | +1.46 | +1.72% | ||
|
Central Alberta • 5 hours | 76.96 | +1.46 | +1.93% |
|
Eagle Ford • 2 days | 79.33 | -0.29 | -0.36% | ||
|
Oklahoma Sweet • 5 days | 79.75 | +0.50 | +0.63% | ||
|
Kansas Common • 2 days | 73.00 | -0.50 | -0.68% | ||
|
Buena Vista • 5 days | 87.31 | +0.41 | +0.47% |
Nigeria To Launch Crude Trading at its Commodity Exchange
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News
Algeria Headed For Unrest As Oil Subsidies Set To End
Algeria is planning to reduce oil subsidies further as a way of cutting public spending amid consistently low oil prices, the North African country’s Finance Minister Haji Baba Ammi
Oman To Sell $2 billion In Islamic Bonds To Close Oil Crisis Budget Deficit
Low oil revenues are prompting the government of Oman to sell $2 billion in Islamic bonds to raise funds for the national budget, according to a new report by Bloomberg.…
Venezuela Faces Gasoline Shortages As Protests Drag On
Some parts of Venezuela faced gasoline shortages on Wednesday as old refineries shuttered due to technical issues and protests that blocked scheduled deliveries, according to a new report by Reuters.…
Eni, Rosneft Boost Oil Exploration, Refining Cooperation
Italy’s oil major Eni SpA and Russia’s oil giant Rosneft signed on Wednesday an agreement to cooperate in oil and gas exploration and production, as well as in oil refining,…
Investors Demand Details On Shell’s Emission-Driven Bonus Pay
In March this year, Shell said that it is proposing a Directors’ Remuneration Policy, subject to shareholder approval at the 2017 Annual General Meeting (AGM) on May 23, 2017. The…
Israel’s Delek Drilling, Avner Oil Merge To Create US$4.4B Firm
Israeli companies Delek Drilling and Avner Oil Exploration have fulfilled all conditions necessary to merge the two firms that are part of conglomerate Delek Group into a new entity that…
Indo-Iranian Dispute On Farzad-B Inches Closer To Resolution
In a step forward for Indo-Iranian relations, senior level officials from both countries convened in Tehran to discuss the resolution to a dispute regarding the oil and gas sectors.…
Iraq Emerges As India’s Top Oil Supplier
India imported more than 1 million bpd from Iraq last month, which made OPEC’s second-largest producer the top crude supplier to the Asian economy, data from Thomson Reuters has shown.…
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…
