 |
Louisiana Light • 2 days | 87.12 | +0.03 | +0.03% | ||
|
Bonny Light • 1 day | 88.87 | +0.67 | +0.76% | ||
|
Opec Basket • 2 days | 86.51 | -1.01 | -1.15% | ||
|
Mars US • 173 days | 77.26 | -1.51 | -1.92% | ||
|
Gasoline • 11 mins | 2.724 | -0.002 | -0.07% |
|
Bonny Light • 1 day | 88.87 | +0.67 | +0.76% | ||
|
Girassol • 1 day | 89.45 | +0.81 | +0.91% | ||
|
Opec Basket • 2 days | 86.51 | -1.01 | -1.15% |
|
Peace Sour • 5 hours | 76.56 | +1.46 | +1.94% | ||
|
Light Sour Blend • 5 hours | 79.61 | +1.46 | +1.87% | ||
|
Syncrude Sweet Premium • 5 hours | 86.56 | +1.46 | +1.72% | ||
|
Central Alberta • 5 hours | 76.96 | +1.46 | +1.93% |
|
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% |
China Tightens Hold on Iraq's Oil with Al-Faw Refinery Nearing Completion
China is finishing the Al-Faw…
EU Sanctions on Russia Face Legal Challenges
The recent legal challenges to…
Profit Taking Is Putting Downward Pressure on Oil Prices
Oil prices fell this week…
News
Depressed Oil Prices Push OPEC Revenue Below $1 Trillion In 2014
The 2014 crash in oil prices caused the combined oil earnings of OPEC’s 12 members to drop 11 percent from $1.112 trillion in 2013 to $993.3…
Shell-BG Merger Clears First Regulatory Hurdle
The U.S. Federal Trade Commission has given its approval to Royal Dutch Shell’s plan to buy BG Group, the first but perhaps one of the most…
Low Oil Prices Prompt Statoil To Cut Even More Jobs
Once more Statoil is reducing its richest asset – employees – in order to keep financial losses to a minimum because of low oil prices. It…
Shell Cleared For Exploration Off Nova Scotia
Shell Canada Ltd. is ready to begin exploratory drilling off the coast of Nova Scotia now that it has received conditional approval for the project from…
Lower Oil Revenues See Saudi-Arabia Open Up Stock Exchange
Saudi Arabia may be rich enough to weather the current trend of low oil prices, but it’s losing money nonetheless and has found a way that it believes could help…
IEA Says Nations’ Climate Plans Too Weak To Meet Emissions Goals
A new report by the International Energy Agency (IEA) says worldwide pledges to reduce greenhouse gas emissions will fail to meet a goal of limiting the…
Canada One Step Closer To Major LNG Exports
Canada is getting closer to opening its first liquid natural gas (LNG) export terminal now that TransCanada Corp. has received conditional approval to build a pipeline…
U.S. Won’t Reconsider Exxon’s Penalty For Yellowstone Spill
Federal officials say they won’t reconsider a $1 million fine imposed on Exxon Mobil Corp. for the spill of an estimated 1,500 barrels of crude oil…
Could This Trigger A New Oil Boom In Mexico?
Mexico’s state-owned oil company, Petroleos Mexicanos or Pemex, says it’s discovered one of the most copious group of oil fields in the shallow waters of the…
Low Energy Prices And Conflict Drive Shell Out Of Ukrainian Shale
Royal Dutch Shell has been considering ending its partnership with a Ukrainian energy company in a shale gas exploration venture in eastern Ukraine because of the…
EPA Cracks Down On Airline Emissions
The U.S. Environmental Protection Agency (EPA) plans to regulate the greenhouse gas emissions of the nation’s airplanes, calling them dangerous to Americans, presenting the airline industry with what one representative…
Officials Spurn Exxon Offer To Provide Trucks During Pipeline Repair
Santa Barbara County has denied Exxon Mobil’s offer to provide tanker trucks to transport oil in Southern California until a pipeline that normally carries the crude…
U.S. Court Rejects Suits Challenging Obama Climate Policy
A three-judge federal appeals court has thrown out two lawsuits filed by the biggest U.S. coal companies and 15 coal states that challenged President Obama’s key policies on climate change.…
Investment In Canada’s Oil Sands Industry To Drop 30%
Capital investment in Canada’s oil sands is expected to hit $23 billion this year, about 30% less than last year as lower oil prices and stalled multibillion-dollar pipeline proposals challenge…
Finally, Good News For BP On The Gulf Oil Spill
The news for BP out of the Gulf of Mexico has been grim since April 10, 2010, when the Deepwater Horizon rig pumping oil off the coast of Louisiana exploded…
Russia Set To Import Electricity From Finland
Electricity has become so inexpensive in Europe’s Nordic countries that Russia, originally only an energy exporter to the region, will now begin importing power from neighboring…
California Pipeline Spill Could Have Been Prevented Says Leading Scientist
Experts say flawed technology and perhaps even human error may have led to the rupture of the pipeline that burst in California last month, spilling up…
Despite Political Resistance, Japan To Resume Nuclear Power
It’s been more than four years since the nuclear disaster at the Fukushima Daiichi power plant, caused by a seismic tsunami, and Japan has finally approved…
Ukraine’s Shale Dream Falls Apart
Ukraine’s hopes to cut its dependence on gas imports from Russia through shale gas development have been dashed. The two multinationals that won government tenders to develop non-traditional gas deposits…
Low Oil Prices Continue To Take Their Toll On Canada’s Economy
Low oil prices and a resulting drop in business investment have led the Organization for Economic Cooperation and Development (OECD) to lower its expectations for economic…
