 |
Louisiana Light • 2 days | 87.12 | +0.03 | +0.03% | ||
|
Bonny Light • 2 days | 88.20 | -0.49 | -0.55% | ||
|
Opec Basket • 2 days | 86.51 | -1.01 | -1.15% | ||
|
Mars US • 172 days | 77.26 | -1.51 | -1.92% | ||
|
Gasoline • 10 mins | 2.722 | +0.037 | +1.37% |
|
Bonny Light • 2 days | 88.20 | -0.49 | -0.55% | ||
|
Girassol • 2 days | 88.64 | -0.56 | -0.63% | ||
|
Opec Basket • 2 days | 86.51 | -1.01 | -1.15% |
|
Peace Sour • 11 hours | 75.10 | -0.32 | -0.42% | ||
|
Light Sour Blend • 11 hours | 78.15 | -0.32 | -0.41% | ||
|
Syncrude Sweet Premium • 11 hours | 85.10 | -0.32 | -0.37% | ||
|
Central Alberta • 11 hours | 75.50 | -0.32 | -0.42% |
|
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% |
Aluminum Prices Chase 2023 Highs
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News
China To Lower Export Quotas For Majors By 40 Percent
Larger quotas expected later in 2017 China will cut its export quotas to the country’s oil majors by 40 percent in the first round of licenses for 2017, reports…
Exxon’s 2040 Outlook: Fossil Fuels Aren’t Going Anywhere
Gas, Nuclear, and Renewables Will Grow the Most, in that Order The global energy mix will not look that much different for oil and gas in 2040, according to Exxon…
Turkmenistan Signs Last-Minute Gas Deal With Iran
Turkmenistan has managed to avert the loss of one of its only two buyers of natural gas with some desperate, last-gasp negotiations. Iran’s Mehr news agency reported on December 30…
This $4.3 Billion Warning Sign Is Flashing In China’s Coal Business
Coal has been one of the big stories of 2016. With this beat-down market taking flight during the last half of the year — lifting stocks of major producers like…
Oil & Gas IPO’s To Spike in 2017
2017 could be a banner year for oil and gas companies who are looking for fresh equity. According to Tudor Pickering Holt & Co., as many as 40 oil and…
Can Chinese Crude Demand Continue To Grow In 2017?
The OPEC deal might have revived oil prices for now, but a combination of elevated inventories and the threat of lower demand growth in China in 2017 could come back…
China’s Largest Oilfield To Cut Capex By 20% In 2017
PetroChina has reported plans to cut capital spending at China’s largest oilfield by 20 percent in 2017. In its statement the oil major claimed that, despite the decrease in…
Contract Negotiations Threaten To Derail The World’s Largest Copper Mine
It’s contract negotiation season in the world’s largest copper-producing nation, Chile. And news this week suggests that the country’s biggest mining operation may be headed for some tense discussions with…
Oil Falls After API Reports The Biggest Crude Inventory Build In 6 Weeks
Oil prices fell on Wednesday after having to 18-month highs as oil markets are anticipating OPEC cuts that are expected to be made starting January 1 next year. The American…
Chinese Coal Industry Sees Earnings Explode In 2016
China recently reported rising coal industry earnings. The Chinese National Bureau of statistics mentioned a growth of “157 percent in the first 11 months of 2016”, while industries such…
Egypt Signs Oil & Gas Deals, Plans To Jump Start Drilling
Egypt has signed several large deals with a handful of oil majors, which could lead to more oil and gas production in the energy-starved nation. The deals are worth…
Energy Bonds Soared 37 Percent In 2016
In a normal year, double-digit returns for the average investor would be a cause of celebration. But 2016 was not a normal year. At the start of 2016, energy investors…
Power Crisis Looms In Tajikistan
When the first snow fell in late November in Tajikistan, it caught many by surprise, including the country’s power providers. The last two years have accustomed Tajiks to…
Coal Demand Is Shifting To Asia
As Europe and America consume less coal, China gains greater influence over coal industry In its medium-term coal market report for 2016, IEA reports that global coal demand growth has…
The U.S. Prepares To Sell Off Its Oil Reserves
The U.S. is beginning to wind down one of the core energy security policies of the past half century as the boom in domestic drilling eases concerns about supply.
Offshore Drillers Could Cut Costs By 30% With Standardized Equipment
The offshore oil industry could cut exploration costs by more than 30 percent if it would just agree to use standardized equipment, according to the International Marine Contractors Association (IMCA).…
Reservoir Damages May Stop OPEC From Cheating
OPEC oil production comes primarily from conventional reservoirs. These reservoirs require reservoir pressure management. Some have suggested that Saudi Arabia’s rationale for cutting production was to reverse the reservoir damage…
Shale Gas Is Back With This $2 Billion Acquisition
A nearly $2 billion natural gas deal could signal a sign that companies are interested in gas drilling again after a long downturn. Gulfport Energy announced plans to issue new…
Three Big Breakthroughs Sure To Give Gold Prices A Boost
Gold has subsided that last two months — giving back much of the stellar gain the metal enjoyed at the beginning of 2016, to a current price of $1,130 per…
Russian Oil: Cutting Against Projected Growth
Russia has pledged to OPEC and other Non-OPEC countries to cut its oil output by 300,000 bpd in the first six months of 2017 in a joint effort to reduce…
