 |
Louisiana Light • 2 days | 86.60 | -0.08 | -0.09% | ||
|
Bonny Light • 1 day | 88.69 | -0.04 | -0.05% | ||
|
Opec Basket • 2 days | 87.35 | -2.29 | -2.55% | ||
|
Mars US • 169 days | 77.67 | -1.57 | -1.98% | ||
|
Gasoline • 16 hours | 2.710 | -0.003 | -0.13% |
|
Bonny Light • 1 day | 88.69 | -0.04 | -0.05% | ||
|
Girassol • 1 day | 89.20 | -0.10 | -0.11% | ||
|
Opec Basket • 2 days | 87.35 | -2.29 | -2.55% |
|
Peace Sour • 23 hours | 75.30 | -0.05 | -0.07% | ||
|
Light Sour Blend • 23 hours | 78.35 | -0.05 | -0.06% | ||
|
Syncrude Sweet Premium • 23 hours | 85.30 | -0.05 | -0.06% | ||
|
Central Alberta • 23 hours | 75.70 | -0.05 | -0.07% |
|
Eagle Ford • 2 days | 79.21 | +0.04 | +0.05% | ||
|
Oklahoma Sweet • 2 days | 79.25 | +0.00 | +0.00% | ||
|
Kansas Common • 3 days | 73.00 | -2.50 | -3.31% | ||
|
Buena Vista • 3 days | 86.86 | -2.40 | -2.69% |
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News
Another Bomb Goes Off At The Trans Forcados Pipeline In Nigeria
The Trans Forcados pipeline, which feeds crude from the Niger Delta to the Shell-operated export terminal of the same name, was again bombed in the early hours of Tuesday.…
Iran’s Navy to Escort All Tankers Leaving Coast
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DONG Quits Oil, Gas, Stays With Wind Power
Danish energy firm DONG Energy has decided to drop its oil and gas operations in order to focus exclusively on offshore windfarm construction and operation. The company had
Chinese Scoop Up Stake Russian Rosneft Subsidiary For $1.1Bn
China’s Beijing Gas Group Company has reportedly acquired a 20-percent stake in a subsidiary of Russian Rosneft, giving the Russians help in developing resources in eastern Siberia and access to…
Feeling The Oil Crunch: Saudi Arabia Cancels $266 Billion In Projects
Saudi Arabia’s governing economic body called the Council of Economic and Development Affairs (CEDA) has cancelled $266.7 billion in projects, the Saudi Press Agency said, and announced it would be…
PDVSA Pipeline Spill Affects Drinking Water
An oil spill in Venezuela’s Anzoategui State has affected drinking water across a 31-mile radius, PDVSA confirmed on Monday. Anzoategui State is known for its beautiful coastline that makes up…
Another Setback For DAPL As Norwegian Bank Rethinks Funding
As if the Dakota Access Pipeline project didn’t already have enough problems, Norwegian bank DNB, is rethinking its earlier decision to doll out $342.36 million in loans to construct the…
Oil Major Chief Calls Upon Non-OPEC Producers To Join Cuts
The chief executive of Italy’s oil major Eni SpA (NYSE:E), Claudio Descalzi, thinks that OPEC-only output cuts is not enough to lift crude oil prices, and that there should…
Aramco Stops Oil Product Shipments To Egypt
Saudi Aramco has suspended all shipments of fuels to Egypt indefinitely, according to a spokesman for Egypt’s Oil Minister Tarek El Molla. The shipments were part of a US$23-billion…
Magnitude-5 Quake Shakes Oil Territory In Cushing, Oklahoma
An earthquake with a magnitude of 5.0 on the Richter scale shook Cushing, Oklahoma, the home of U.S. crude oil reserves at 7:44 pm last night. Initial reports said…
Brazil Oil And Gas Production Reach Record Highs In September
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Kurdistan Dismisses $1 Billion Per Month Oil Revenue Claims
The Ministry of Natural Resources of the Kurdistan Regional Government (KRG) denied on Thursday a report by news outlet NRT that the autonomous region in northern Iraq is selling…
Big Oil Promises $1 Billion In Climate Change Fight
A host of oil supermajors announced on Friday that they would allocate US$1 billion for fighting climate change over the next ten years. The effort, called the Oil and…
Libyan Car Blast Injures Leader Who Brokered Oil Ports Takeover
A car blast in Libya’s city of Benghazi injured on Friday a tribal leader who had helped the Libyan National Army take control over the eastern oil export…
Oil Industry Needs To Slash Another $370B In Costs
A report by Wood Mackenzie has suggested international oil majors would have to hack off some US$370 billion from their total costs this year and in 2017. This will…
Venezuelan Crude Exports To U.S. Nosedive By 23 Percent
Export of crude oil from Venezuela to the United States (US) plummeted by 23 percent in October, according to Thomson Reuters trade flows data published on Thursday. The US,…
Wood Mackenzie Sees Oil Markets Recovering In H2 2017
Regardless of whether OPEC manages to pull off a real deal on curbing production, the oil market is bound to recover in the second half next year, Ann-Louise Hittle, head…
Transocean Q3 Earnings Drop Annually, But Beat Estimates
In a sign that the oil price bust continues to weigh on drilling activity, offshore rig operator Transocean Ltd (NYSE:RIG) reported on Wednesday third-quarter earnings down from the…
Nigerian Senate Starts Work On Much-Awaited Oil Industry Overhaul
The upper house of Nigeria’s parliament, the Senate, has approved the second reading of an oil industry overhaul bill that has been stagnate for ten years, sparking a tiny…
UAE Approves ADNOC Plan To Raise Oil Output To 3.5M Bpd By 2018
Abu Dhabi’s Supreme Petroleum Council has given the go-ahead to the five-year business plan of Abu Dhabi National Oil Company (ADNOC), which envisages the company ramping up its oil production…
