 |
Louisiana Light • 2 days | 86.68 | -2.47 | -2.77% | ||
|
Bonny Light • 1 day | 88.73 | -1.64 | -1.81% | ||
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Opec Basket • 2 days | 89.64 | -0.54 | -0.60% | ||
|
Mars US • 168 days | 77.67 | -1.57 | -1.98% | ||
|
Gasoline • 12 mins | 2.693 | -0.021 | -0.78% |
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Bonny Light • 1 day | 88.73 | -1.64 | -1.81% | ||
|
Girassol • 1 day | 89.30 | -1.63 | -1.79% | ||
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Opec Basket • 2 days | 89.64 | -0.54 | -0.60% |
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Peace Sour • 6 hours | 75.30 | -0.05 | -0.07% | ||
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Light Sour Blend • 6 hours | 78.35 | -0.05 | -0.06% | ||
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Syncrude Sweet Premium • 6 hours | 85.30 | -0.05 | -0.06% | ||
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Central Alberta • 6 hours | 75.70 | -0.05 | -0.07% |
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Eagle Ford • 2 days | 79.17 | -2.67 | -3.26% | ||
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Oklahoma Sweet • 2 days | 79.25 | -2.50 | -3.06% | ||
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Kansas Common • 2 days | 73.00 | -2.50 | -3.31% | ||
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Buena Vista • 2 days | 86.86 | -2.40 | -2.69% |
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News
Gabon Enlists Military To Retake Oil Facilities Shut Down By Protestors
The Gabonese government sent the military to recapture oilfield control centers from protestors on Friday in an effort to resume partial production as an industry-wide workers’ strike carries on.…
UK’s 2016 Oil Production Rises For Second Consecutive Year
The UK production of crude oil and natural gas liquids increased by 4.8 percent on the year in 2016, the second annual rise in a row, the UK Department for…
Saudis, Angola Overtake Russia In January Exports To China
Saudi Arabia is not ceding ground in its important markets in Asia amid the OPEC cuts, and has regained its position as top oil supplier to China in January, overtaking…
The Drawdown Begins: Traders Sell Oil Stored In Tankers Off Asia
Oil traders have already sold more than 10 million barrels of crude stored in tankers off the coasts of Asia in what could be seen as the start of the…
Nigeria Cuts Oil Producing Cost To $27 Per Barrel
Nigeria has reduced the unit technical cost (UTC) for producing oil to US$27 per barrel as of end-2016 from US$70 per barrel in 2014, Maikanti Baru, Group Managing Director of…
Norwegian Oil Majors Revise 2017 Oil And Gas Investment Forecast Upwards
Optimistic about the near-term future of the oil industry, Norwegian oil companies have upped their investment plans for 2017 over the past three months, according to a survey conducted…
Russia Heralds In End Of Syrian Civil War In Favor Of Moscow
Russian Defense Minister, Sergei Shoigu, celebrated the lasting reign of Syrian President, Bashar Al Assad, during a speech to parliament on Wednesday, according to INTERFAX. “The collapse of the…
Kazakh Ups Oil Output Forecast for 2017
Kazakhstan’s oil output forecast for 2017 jumped up to 81 million tons on Thursday after the Economy Ministry revised its yearly forecast based on 2016 outcomes. The ministry’s earlier…
Giant Leviathan Gas Field Gets $3.75B Development Investment
The partners in the giant Leviathan natural gas field offshore Israel ratified on Thursday the final investment decision for the first phase of development which entails gross capital investment of…
Kurdistan Stops Shaikan Crude Exports Via Ceyhan Pipeline
The Kurdistan Regional Government (KRG) is temporarily halting exports of heavy crude from the Shaikan field via the Kirkuk-Ceyhan export pipeline, the operator of the Shaikan field, Gulf Keystone Petroleum,…
India’s ONGC Plans $1.1B Investment To Ramp Up Oil, Gas Output
India’s top oil and gas explorer, state-run Oil and Natural Gas Corporation (ONGC), approved on Thursday investments of US$1.1 billion (73.27 billion rupees) to develop five oil and gas…
Exxon Slashes Proved Oil Reserves By 3.3 Billion Barrels
The world’s largest public oil company, ExxonMobil, has slashed its proved reserves of crude oil by 3.3 billion barrels. The figure represents 19 percent of the total reserves, which…
API Reports Draw In U.S. Crude Inventories After 6-Week Build Streak
This week, the American Petroleum Institute (API) reported a surprise draw of 884,000 in United States crude inventories against expert predictions that domestic supplies would see a 3.3 million-barrel…
Zhenhua Oil In Early Accord To Buy Chevron’s $2B Gas Assets In Bangladesh
Chinese state-held company Zhenhua Oil has signed a preliminary agreement to buy Chevron’s natural gas fields in Bangladesh estimated to be worth around US$2 billion, Reuters reported on Wednesday,…
Rosneft’s Profit Drops 49%, Gazprom Neft Boosts Income 82.5%
Two of Russia’s major oil producers - Rosneft and Gazprom Neft - reported Wednesday their respective 2016 financials which showed that the oil giant’s full-year profit tumbled 49 percent, while…
OPEC To Seek “Energy Dialogue” With U.S. As Shale Output Rises
OPEC Secretary-General Mohammad Barkindo dismissed speculation that the United States’ increase in shale oil production was counteracting the effects of the bloc’s less-than-two-month-old output reduction strategy, according to comments made…
Chevron’s Future Investment In Angola Depends On Revised Tax Terms
Chevron is discussing revised and more attractive tax rules for investment in Angola with the local government and state-run oil company Sonangol—talks that will determine Chevron’s future investment in the…
Saudi Aramco Picks Morgan Stanley, JPMorgan For IPO Roles
Saudi Arabia’s oil giant Saudi Aramco has picked JPMorgan Chase & Co and Morgan Stanley to help it in the world’s largest initial public offering next year, and is also…
Pruitt Delivers Emails For Oil Industry Links Investigation
The new head of the Environmental Protection Agency, Scott Pruitt, has delivered a number of emails to the Center for Media and Democracy, a watchdog NPO that has been looking…
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…
