 |
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 • 174 days | 77.26 | -1.51 | -1.92% | ||
|
Gasoline • 10 mins | 2.724 | -0.010 | -0.37% |
|
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 • 8 hours | 76.01 | -0.55 | -0.72% | ||
|
Light Sour Blend • 8 hours | 79.06 | -0.55 | -0.69% | ||
|
Syncrude Sweet Premium • 8 hours | 86.01 | -0.55 | -0.64% | ||
|
Central Alberta • 8 hours | 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's Steel Market Tactics Under Scrutiny as Steel Demand Increases
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News
Exxon Doubles Q1 Earnings, Good Omen For Oil Industry
ExxonMobil (NYSE:XOM) reported on Friday earnings of US$0.95 per diluted share for the first quarter—beating analyst expectations as higher commodity prices and cost cuts boosted profits. Exxon’s first-quarter…
Low Oil Prices May Threaten Safety And Security At The 2022 FIFA World Cup
Low oil prices are prompting Qatar to fire a quarter of the employees for the watchdog that it had created to oversee the organization of the upcoming 2020 FIFA…
BP Says Seismic Breakthrough Helped It Find More Oil In Gulf Of Mexico
BP has identified more than 200 million barrels of additional resources at its Atlantis field in the deepwater Gulf of Mexico by using a new seismic imaging approach, the UK’s…
Colombia’s Second-Biggest Pipeline Attacked, Again
Colombia’s second-largest pipeline, Cano-Limon Covenas with a 210,000-bpd capacity, was attacked early on Thursday, as a result of which oil was spilled and the flow of crude along the pipeline…
Russia’s Power Plant Plans In Crimea Hit Sanction Snag
Russia’s plans to build two electricity plants in Crimea to provide power to the annexed peninsula are being derailed by the sanctions that the EU and the U.S. have imposed…
China To Stop Receiving Refiners’ Oil Import Requests
In order to address concerns over refinery overcapacity at home, China will stop accepting applications by refiners to import crude oil beginning May 5th, the Chinese state planning commission…
French Total Considers Stake In Aramco IPO
Taking part in the much-anticipated IPO of Saudi Aramco is not off the table for oil major Total SA because it could be a good investment, the French group’s…
U.S. And Allies Hit Oil-Related ISIS Targets In Syria And Iraq
Twenty-nine new strikes by the United States and coalition forces have hit targets—including oil infrastructure—in Iraq and Syria, according to officials from Operation Inherent Resolve. "Near Dayr Az Zawr, six…
Anadarko Shuts 3,000 Wells in Colorado After Explosions
Following a home blast near a vertical well operated by Anadarko (NYSE:APC) , the company said it will shut all its vertical wells in northwestern Colorado while it investigates the…
BHP Billiton May Try To Sell U.S. Fayetteville Shale Asset Again
BHP Billiton said on Wednesday that it is proceeding with a divestment of non-core U.S. acreage for value, and is considering all options for its Fayetteville shale gas asset in…
Bakken Light Reaches Asia For the First Time
The first ever batch of North Dakota Bakken crude will reach Asia in the next few days as a result of Mercuria Energy Trading’s latest export deal, according to Reuters,…
New Kirkuk-Ceyhan Pipeline Explosion Disrupts Kurdish Production
A pipeline explosion in Kirkuk caused a disruption in oil production on Wednesday, according to government sources who confirmed the source of the commotion. "An explosion occurred in Kirkuk,…
Saudis, Russia To Discuss Oil Cuts Extension Within Two Weeks
As OPEC and non-OPEC producers seem to move closer to a consensus over extending the output cut deal beyond June, Saudi Oil Minister Khalid al-Falih will talk a possible extension…
Pemex Hedges Oil For First Time In 11 Years
Mexico’s state oil major has decided to hedge its oil output until the end of the year for the first time since 2006, spending $133.5 million on the maneuver.…
Shell Signs Oil Exploration Cooperation Deal In Oman
Royal Dutch Shell and Oman Oil Company Exploration & Production (OOCEP) have signed a Heads of Agreement for cooperation in resource exploration in an oil and gas block in Oman,…
Nigeria’s Budget Benefits From Higher Oil Prices In March
Nigeria received distributable revenues of $1.53 billion (467.81 billion naira) in March thanks to higher royalty income from the oil industry and better international prices. At the same time,…
Oil Markets Whipsawed As API Reports Unexpected Crude Build
The American Petroleum Institute (API) reported a build of 897,000 barrels in United States crude oil inventories, compared to analyst expectations that markets would see a bit of relief…
Foreign Companies Continue Pulling Expat Workers From Venezuela Amidst Unrest
Statoil and Repsol have pulled out more of the companies’ expatriate workers based in Venezuela due to the unrest in the South American country, according to a new report by…
Pro-Russian Rebels In the Dark As Ukraine Turns Lights Off
Moscow announced on Tuesday that it would begin supplying electricity to pro-Russian rebels in the eastern parts of Ukraine, which has suffered from a blackout induced by Kiev due to…
Nigeria To Fight Pipeline Attacks With Incentives For Illegal Refiners
In a bid to clamp down on pipeline attacks and oil thefts, Nigeria’s oil minister Emmanuel Ibe Kachikwu is advancing plans to include illegal refineries in the Niger Delta in…
