 |
Louisiana Light • 2 days | 86.49 | -0.63 | -0.72% | ||
|
Bonny Light • 1 day | 88.40 | -0.92 | -1.03% | ||
|
Opec Basket • 2 days | 88.45 | +1.94 | +2.24% | ||
|
Mars US • 175 days | 77.26 | -1.51 | -1.92% | ||
|
Gasoline • 14 mins | 2.774 | +0.016 | +0.58% |
|
Bonny Light • 1 day | 88.40 | -0.92 | -1.03% | ||
|
Girassol • 1 day | 89.03 | -0.87 | -0.97% | ||
|
Opec Basket • 2 days | 88.45 | +1.94 | +2.24% |
|
Peace Sour • 6 hours | 76.77 | +0.76 | +1.00% | ||
|
Light Sour Blend • 6 hours | 79.82 | +0.76 | +0.96% | ||
|
Syncrude Sweet Premium • 6 hours | 86.77 | +0.76 | +0.88% | ||
|
Central Alberta • 6 hours | 77.17 | +0.76 | +0.99% |
|
Eagle Ford • 2 days | 79.29 | -0.04 | -0.05% | ||
|
Oklahoma Sweet • 2 days | 79.25 | -0.50 | -0.63% | ||
|
Kansas Common • 1 day | 73.75 | +0.75 | +1.03% | ||
|
Buena Vista • 2 days | 87.23 | -0.55 | -0.63% |
Standard Chartered: Global Oil Demand Will Pick Up Strongly In May And June
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Namibia Racks Up Another Major Offshore Oil Discovery
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News
Canadian Oil Patch Panic Is Over—For Now
While a record number of 26 Canadian oil and gas companies have gone bust this year, the worst is over, say analysts, because the weakest among them have already fallen…
Giant Israeli Gas Field Gets $1.75B Green Light
The local partners in the game-changing discovery of Israel’s giant Leviathan natural gas field say they have signed commitment letters with two major banks for up to US$1.75 billion in financing,…
Norwegian Fund Coming To America to Assess DAPL
Norway’s pension fund Kommunal Landspensjonskasse (KLP) has become the latest in a string of indirect investors in the controversial Dakota Access Pipeline (DAPL) project to assess the state of the…
UAE’s Oil Firm To Triple Petrochemical Production By 2025
Abu Dhabi National Oil Company (ADNOC) is planning on nearly tripling its petrochemical production to 11.4 million tons by 2025 from the current 4.5 million metric tons (mt), ADNOC’s…
Statoil Cleared For Exploration Drilling At Giant Sverdrup Field
Norway’s Petroleum Safety Authority has given the go-ahead to oil major Statoil (NYSE:STO) to start drilling an exploration well at the giant Johan Sverdrup oil field, where production…
Switzerland Clings To Nuclear Energy Despite Concerns
Swiss voters rejected in a referendum on Sunday a strict timetable to phase out nuclear energy by 2029Swiss voters rejected in a referendum on Sunday a strict timetable to…
Another Pipeline Explodes In The Niger Delta, Suspects Unknown
A fresh explosion at a pipeline operated by the Nigerian Petroleum Development Company has confused locals and security forces, with no one certain it was a militant attack. In fact,…
Smog-Sucking Towers In China Begin Creating Jewelry Out of Polluting Particles
Smog-sucking towers in the Chinese capital city have filtered 10 Beijing National Stadium’s worth of air and have removed billions of harmful PM2.5 particles out of the polluted atmosphere…
Iran Loses Nuclear Device, Sparks GCC Worry
The Gulf Cooperation Council (GCC) is concerned over a missing radioactive device from Iran’s Bushehr nuclear reactor, Saudi-owned Arab newspaper Asharq al-Awsat reported on Thursday. Aside from the security…
China To Receive Second Shipment Of American Natural Gas
A port city in China is set to receive the second shipment of shale gas from the United States, according to a new report by Bloomberg. Shipping data collected…
OPEC Cancels Meeting With Non-OPEC Players, Dooming Oil Prices
A power play by Saudi Arabia has resulted in the cancellation of a meeting intended to steer the world’s oil exporters towards a production freeze, causing oil prices to tank…
Big Oil Faces 200 Climate Change Resolutions Next Year
Exxon, Anadarko, and their peers, along with big players in other industries, will face as many as 200 resolutions regarding climate change at their 2017 annual shareholder meetings. This…
OPEC Cuts To Hurt Crude Carrier Industry, Lower Shipping Rates
If OPEC manages to reach a deal to cut oil output, the very large crude carriers (VLCC) would see their earnings drop as the crude oil shipping industry would be…
Power Issues Cause Libyan Output To Plunge By 70,000 Bpd In Days
Power issues in key Libyan oilfields caused national oil output to drop by 70,000 barrels per day over the past week, according to Mustafa Sanallah, the chairperson of the…
Low Oil Prices Continue To Widen Algeria’s Trade Deficit
Algeria’s trade deficit increased to US$15.8 billion in 2016 as of October, from US$13.7 billion as of October 2015, with persisting low oil prices weighing heavily on the country’s…
Exxon Starts Drilling Offshore West Africa
ExxonMobil Exploration and Production Liberia Limited, an affiliate of ExxonMobil (NYSE:XOM), has started drilling a deepwater exploration well offshore West Africa in a first for an Exxon-operated well offshore…
India’s 5.5 Billion Investment In Iran Will Raise Refinery Capacity
A $5.5 billion investment by the Indian Oil Corporation (IOC) will raise the capacity of the firm’s smallest refinery co-owned by Iran to 300,000 barrels per day, according to…
4 Nigerian Security Officers Killed While Guarding Oil & Gas Pipeline
Four officers from the Nigerian Security and Civil Defence Corps (NSCDC) were killed yesterday by unidentified gunmen while on duty guarding an oil and gas facility operated by the…
Mexico To Reap $2.9 Billion In Profits From Oil Price Hedges In 2016
The Mexican government can expect a $2.9 billion profit from the oil price hedges it set up in 2016 – marking the second consecutive year the North American country…
North Sea Mini Glut Slims Down: Crude Shipped To Asia
A 12-million-barrel glut of North Sea oil is about to be partially slimmed down thanks to new tanker bookings bound for Asia. According to Bloomberg, about half a million…
