 |
Louisiana Light • 2 days | 86.68 | -2.47 | -2.77% | ||
|
Bonny Light • 1 day | 88.73 | -1.64 | -1.81% | ||
|
Opec Basket • 2 days | 89.64 | -0.54 | -0.60% | ||
|
Mars US • 168 days | 77.67 | -1.57 | -1.98% | ||
|
Gasoline • 10 mins | 2.685 | -0.029 | -1.06% |
|
Bonny Light • 1 day | 88.73 | -1.64 | -1.81% | ||
|
Girassol • 1 day | 89.30 | -1.63 | -1.79% | ||
|
Opec Basket • 2 days | 89.64 | -0.54 | -0.60% |
|
Peace Sour • 6 hours | 75.30 | -0.05 | -0.07% | ||
|
Light Sour Blend • 6 hours | 78.35 | -0.05 | -0.06% | ||
|
Syncrude Sweet Premium • 6 hours | 85.30 | -0.05 | -0.06% | ||
|
Central Alberta • 6 hours | 75.70 | -0.05 | -0.07% |
|
Eagle Ford • 2 days | 79.17 | -2.67 | -3.26% | ||
|
Oklahoma Sweet • 2 days | 79.25 | -2.50 | -3.06% | ||
|
Kansas Common • 2 days | 73.00 | -2.50 | -3.31% | ||
|
Buena Vista • 2 days | 86.86 | -2.40 | -2.69% |
The Oil Price Rally Has Stalled... For Now.
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China Raises Gasoline and Diesel Prices amid Soaring Crude Oil Prices
China is raising from Wednesday…
Tesla to Lay Off Over 10% of Global Workforce
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News
Libyan PFG Relinquishes Control Of Major Refinery
Following accusations of fuel smuggling from the chairman of Libya’s National Oil Corporation (NOC), the Petroleum Facilities Guard (PFG) has removed itself from the Zawiya refinery, Libyan media report,…
South Sudan Says Unity Oilfield Production To Resume Soon
South Sudan will restart crude oil production from oilfields in the Unity state within two months, which could potentially derail OPEC and non-cartel producers’ deal to curtail global supply in…
Trump’s Energy Dept Pick Perry Quits Oil Company Board
Former Texas Gov. Rick Perry, who is Donald Trump’s nominee for Energy Secretary, has resigned from the board of directors of Energy Transfer Partners, the company building the highly-contested…
Yemen To Export First Crude Since August
Yemen may export its first crude oil shipment since August later this month, according to fixture list data showing Glencore has booked an oil tanker, to dock in Yemen…
Gulf Of Mexico Platform Fire Put Out, Production Shut-In
The fire on a Gulf of Mexico platform off the Louisiana coast has been put out and no pollution has been detected, the U.S. Coast Guard said, as quoted…
OPEC Oil Output Falls From Record Highs
A newly released survey by Reuters indicates that OPEC oil output in December fell from its record high - for the first time since May - falling to 34.18 million…
600 Hundred Arrested And 1 Dead As Mexican Gas Price Protests Intensify
Some 600 people have been arrested, one policeman killed and around 300 stores looted as protests intensify in Mexico following the weekend decision to hike fuel prices by 20 percent,…
Fire Burns On Gulf Of Mexico Oil Platform, 4 Rescued
A fire on an oil production platform offshore Louisiana broke out early on Thursday and four people were evacuated from the platform, the U.S. Coast Guard said, adding there…
U.S. LNG Fleet Heads To Asia As Spot Prices Soar
With Asian LNG spot prices almost doubling in three months, a total of nine U.S. LNG cargoes are traveling to northeast Asia, the world’s top LNG demand destination, as the…
Human Rights Lawyers Take Angola’s Oil CEO To Court
A group of 12 human rights lawyers, who last year filed a suit against the new head of Angola’s state-owned oil company Sonangol, have now taken matters to the…
Venezuela’s Maduro Names New Oil Minister
In a surprise move, Venezuelan President Nicolas Maduro has named a new Economy and Finance Minister and also replaced Eulogio del Pino as head of the Oil Ministry in…
API Reports A Major Crude Oil Draw
The American Petroleum Institute (API) has reported a sizable draw on U.S. crude oil inventories, down 7.4 million barrels over the previous week—a much larger draw that expected, and the…
Goldman Sachs Sees 84% Compliance With OPEC Cuts
OPEC and the non-cartel producers that have joined the effort to reduce global oil supply have a high incentive to bring about a fast normalization of crude inventories, which would…
Lebanon Passes Key Legislation To Tap Huge Levant Basin
The new Lebanese government adopted on Wednesday two landmark decrees to define oil and gas exploration blocks, which could give a much-needed start to tendering offshore reserves in Lebanon’s portion…
Tillerson Cuts All Ties With Exxon To Become Secretary Of State
Exxon Mobil and Rex Tillerson have agreed to cut all ties as part of conflict-of-interest requirements while the former Exxon CEO and chairman is awaiting a confirmation process as U.S.…
Vitol Loans US$1B To Iran In Exchange For Future Oil Exports
Commodity trader Vitol has agreed to provide the National Iranian Oil Company with the euro equivalent of US$1 billion in exchange for a share in future oil product exports…
Tesla Misses 2016 Delivery Target
Tesla Motors said on Tuesday that it had delivered 76,230 vehicles in 2016, which was less than its target of 79,000 deliveries, but was expected by many analysts. Deliveries…
Nigeria Awards 2017 Crude Oil Term Contracts To 39 Companies
State-held Nigerian National Petroleum Corporation (NNPC) has awarded the 2017/2018 crude oil term contracts to 38 companies to lift 32,000 bpd each and an NNPC unit to load 90,000 bpd,…
Fuel Price Protests In Mexico Lead To Critical Situation
Mexicans, who took to the streets at the start of this week to protest a sharp spike in fuel prices, have now created a critical situation in at least three…
Glencore, Qatar Close Deal for 19.5% Stake in Russian Rosneft
Swiss-based commodity trader and miner Glencore and Qatar’s sovereign wealth fund have announced the completion of a deal for the acquisition of 19.5 percent in Russia’s oil behemoth Rosneft.…
