 |
Louisiana Light • 4 days | 89.16 | +0.62 | +0.70% | ||
|
Bonny Light • 1 day | 91.29 | -2.25 | -2.41% | ||
|
Opec Basket • 4 days | 90.77 | +0.15 | +0.17% | ||
|
Mars US • 164 days | 77.67 | -1.57 | -1.98% | ||
|
Gasoline • 10 mins | 2.785 | +0.001 | +0.04% |
|
Bonny Light • 1 day | 91.29 | -2.25 | -2.41% | ||
|
Girassol • 1 day | 91.81 | -2.21 | -2.35% | ||
|
Opec Basket • 4 days | 90.77 | +0.15 | +0.17% |
|
Peace Sour • 2 hours | 78.51 | -0.25 | -0.32% | ||
|
Light Sour Blend • 2 hours | 82.16 | -0.25 | -0.30% | ||
|
Syncrude Sweet Premium • 2 hours | 89.11 | -0.25 | -0.28% | ||
|
Central Alberta • 2 hours | 78.91 | -0.25 | -0.32% |
|
Eagle Ford • 4 days | 82.14 | +0.64 | +0.79% | ||
|
Oklahoma Sweet • 4 days | 82.00 | +0.50 | +0.61% | ||
|
Kansas Common • 4 days | 76.00 | -5.50 | -6.75% | ||
|
Buena Vista • 5 days | 88.72 | -1.19 | -1.32% |
Oil Fund Withdrawals Suggest Extended Price Rally
Investors are ditching the oil…
U.S.’s New Hopes In Iraq Are Dashed As It Signs Longest Ever Gas Deal With Iran
The sheer length of Iraq’s…
Market Sentiment Shifts as Buyers Resist Steelmaker Price Increases
The steel market shows signs…
News
Dakota Access Protest Backfires For Standing Rock
The months-long protests against the Dakota Access oil pipeline project has seriously hurt the revenues of a casino operated by the Standing Rock Sioux tribe – the tribe that initiated…
Russia Signs 100,000 bpd Oil Contract With Iran
Russia has agreed to purchase 100,000 barrels of oil a day from Iran in exchange for cash and goods and services, according to a new report by the Iranian…
Azeri President Appoints Wife As Vice President
Emerging reports indicate that oil-rich Azerbaijan now has a new first vice president: Mehriban Aliyeva, the wife of sitting President Ilham Aliyev. The presidential order that appointed Aliyeva to…
Saudi Arabia Considers Selling Cheap Aramco Shares To Locals
Oil giant Saudi Aramco is reportedly considering offering shares to citizens of Saudi Arabia as it prepares for an initial public offering that could be the biggest the world has…
OPEC Unfazed As Russia Cuts Production But Boosts Exports
OPEC is not taking issue with Russia’s increased oil exports for the month of January, according to the bloc’s Secretary-General Mohammed Barkindo, who expressed confidence in Moscow’s commitment to the…
Iran Blames Iraq For Dust Storm That Sparked Protests In Oil Province
Iranian authorities said on Monday that Iraq was to blame for a sandstorm that had cut off power and water supply in an oil-rich province and led to street protests…
ISIS-Linked Group Conquers Towns Near Oil-Rich Golan Heights In Syria
Conflict returned to the strategic oil-exploration area of the Golan Heights in Syria on Monday, when an Islamic State (ISIS) affiliated group carried out a series of surprise attacks on…
Famine in South Sudan As Oil Revenues Remain Elusive
The South Sudanese government and three humanitarian agencies have declared a famine in some parts of the country as the newly independent nation struggle to bring oil back online.…
U.S. Says It Won’t ‘Take’ Iraq’s Oil As Russia Expands Influence
Less than a day after U.S. Defense Secretary James Mattis contradicted Trump’s oft-repeated maxim that we should have taken Iraq’s oil, Russia has moved to expand its footprint in the…
Shell Sees No Oversupply In LNG Market As New Demand Grows
Royal Dutch Shell said on Monday that rising new LNG demand is offsetting growth in supply, shrugging off concerns of oversupply on the LNG market in which the Anglo-Dutch…
Russia Tops World’s Biggest Oil Producers List
Russia pumped the most crude oil in the world in December, dethroning Saudi Arabia as the world’s biggest oil producer. The difference in the two countries’ daily averages stood…
Saudi Officials Favor NYSE For Historic Aramco Listing
The New York Stock Exchange is the favorite for the massive upcoming Saudi Aramco listing, according to a report by the Wall Street Journal on Monday. London and Toronto’s…
Iran’s South Pars Oil Field To Produce By End Of March
The South Pars field in the Persian Gulf will begin production by the end of the fiscal year, according to Iranian Oil Minister Bijan Zanganeh, who made the confirmatory statement…
Malaysia Plans US$1 Billion Sale Of Sarawak Gas Block Stake
Malaysia’s Petronas plans to sell a minority stake in an upstream gas project for a $1 billion sum to raise capital and lower the government’s cost burden, according to two…
Iran Announces 2 Billion Barrel Shale Oil Find
The western province of Lorestan will be getting new attention from the Iranian oil ministry following the discovery of major shale oil reserves in the region, according to new
Russneft To Raise 2017 Crude Oil Output If Market Rebalances
Russian oil producer Russneft (not to be confused with Rosneft) plans to raise its oil production this year by at least 2.5 percent compared to last year’s 7 million tons…
Platts To Include Norway’s Troll Crude In Brent Basket From 2018
S&P Global Platts said on Monday that starting from January 2018, it will include Norway’s Troll crude grade in the Brent basket—a first such addition since 2007—in a bid…
Arab-Majority Oil-Rich Iranian City Protests Power Cuts, Air Pollution
Residents of the oil-rich Iranian city of Ahvaz with a majority Arab population have been protesting for a week over continuous power failures, air pollution, and government mismanagement. The…
Iraq’s Oil Reserves Rise To 153 Billion Barrels
The results of appraisal and exploration in central and southern Iraq have led to increased estimate for the country’s proven oil reserves to 153 billion barrels from 143 billion barrels…
China’s CNPC Joins BP, Total In Abu Dhabi Oil Venture
Abu Dhabi National Oil Company (ADNOC) signed a deal on Sunday to award to the China National Petroleum Corporation (CNPC) an 8-percent stake in Abu Dhabi’s onshore oil concession…
