 |
Louisiana Light • 3 days | 93.55 | -0.08 | -0.09% | ||
|
Bonny Light • 2 days | 96.23 | -1.40 | -1.43% | ||
|
Opec Basket • 3 days | 97.48 | +2.17 | +2.28% | ||
|
Mars US • 1 day | 88.89 | -0.92 | -1.02% | ||
|
Gasoline • 1 day | 2.440 | -0.065 | -2.61% |
|
Bonny Light • 2 days | 96.23 | -1.40 | -1.43% | ||
|
Girassol • 2 days | 97.26 | -1.46 | -1.48% | ||
|
Opec Basket • 3 days | 97.48 | +2.17 | +2.28% |
|
Peace Sour • 2 days | 86.21 | -1.97 | -2.23% | ||
|
Light Sour Blend • 2 days | 86.71 | -1.97 | -2.22% | ||
|
Syncrude Sweet Premium • 2 days | 95.31 | -1.97 | -2.03% | ||
|
Central Alberta • 2 days | 84.51 | -1.97 | -2.28% |
|
Eagle Ford • 3 days | 88.19 | +1.32 | +1.52% | ||
|
Oklahoma Sweet • 3 days | 88.25 | +1.25 | +1.44% | ||
|
Kansas Common • 4 days | 84.00 | +3.25 | +4.02% | ||
|
Buena Vista • 4 days | 98.88 | +2.54 | +2.64% |
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News
Coal Leasing on Public Lands Deprives Taxpayers of Millions
A new report from the U.S. Government Accountability Office (GAO) found that the U.S. government has failed to ensure that coal companies pay the fair market value when paying…
Japanese Utilities Step up LNG Purchases
To make up for the continued shortfall in electricity generation from the dozens of idle nuclear power plants, Japanese utilities are increasing their purchases of LNG from abroad. Tohoku Electric…
Petrobras Stock Hits 8-Year Low
On February 3, the stock price for Petroleo Brasileiro SA (Petrobras), Brazil’s flagship oil company, dropped by 5.8% to an eight-year low. Once one of the most valuable companies…
Shell Starts Production from Offshore Platform in Gulf of Mexico
Royal Dutch Shell announced on Feb. 4 that it started oil production from its “Olympus” platform in the Gulf of Mexico. The company is using the Olympus to drill…
Keystone XL Passes Another Huge Hurdle
TransCanada Corp applied more than five years ago for a federal permit to build the Keystone XL pipeline across the US in order to link Canada’s tar sands in Alberta…
North Dakota Flares $100m of Natural Gas a Month
It is well known that advances in technology have enabled the US to experience a huge boom in oil production over the past several years. Since 2007, oil production from…
New Process Recycles Old Plastics into Usable Liquid Fuels
Plastics are a pain. They are very useful during their product life but once disposed they don’t degrade naturally, and this creates huge problems in terms of waste disposal. Researchers…
Coal Markets Hit Hard as Emerging Economies Begin to Wobble
Slowing growth in developing countries has started to affect the commodities market, especially for coal, as orders are slashed and prices have fallen as much as 10 percent in a…
Economist Warns that Texas Oil Boom will Begin to Slow this Year
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Environmentalists and Oil Industry are Annoyed by State of the Union Address
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S.Korea Approves Construction of 1st New Nuclear Plants after Safety Scandal
South Korea, the fourth largest economy in Asia, is heavily dependent on nuclear power, yet in the wake of the 2011 Fukushima disaster in Japan and a more recent domestic…
Richard Branson’s Renewable Fuel, Butanol, Prepares for US Debut
Butanol is a renewable biofuel that is set to debut at US pumps next year, and hopes to challenge ethanol’s dominance of the $26 billion market.Just as with…
Seabed Carpet to Generate Huge Amounts of Energy from Waves
Reza Alam, an assistant professor at US Berkeley and expert in wave mechanics, is designing a ‘carpet’ to be laid across the seafloor that will turn the energy from ocean…
London Plans to Use Heat from the Underground to Keep Homes Warm
The London underground is generally a hot and uncomfortable place, warmed by the thousands of commuters, lights, trains, and other such sources of heat. A new scheme plans to put…
Iraqi Energy Sector Threatened by Syrian Spillover
Despite the fact that Iraq is preparing to experience one of its largest ever jumps in oil production output in its history, Hussain al-Shahristani, the Deputy Prime Minister for Energy,…
Tesla Completes Coast-to-Coast Section of Free Supercharger Network
Tesla’s drive to dominate the world of Electric Vehicles, beginning with the US market, has passed a new milestone after CEO and co-founder Elon Musk last week posted on Twitter…
New Report Blames Oil Price Volatility for Lack of Stable Economic Growth
A new report for Oxford University has stated that crude oil price volatility is undermining stable economic growth around the world, and that governments must do more to reduce…
Falling Gasoline Prices Hurt Calls to Lift US Oil Export Ban
The battle by some oil companies in the US to persuade congress to lift the oil export ban that has been in place since the 1970’s oil embargo has hit…
UAE Considers Importing Cheap Shale Gas from North America
In perhaps the strongest sign of the impact that the North American shale boom is having on the world, the United Arab Emirates, a member of OPEC and the eighth…
TransCanada Pipeline Explodes Leaving 4,000 Canadians without Natural Gas
The Canadian winter is probably the worst time to lose access to a reliable source of heat and energy, but nearly 4,000 residents in the province of Manitoba are without…
