 |
Louisiana Light • 2 days | 86.60 | -0.08 | -0.09% | ||
|
Bonny Light • 24 hours | 88.69 | -0.04 | -0.05% | ||
|
Opec Basket • 2 days | 87.35 | -2.29 | -2.55% | ||
|
Mars US • 168 days | 77.67 | -1.57 | -1.98% | ||
|
Gasoline • 8 hours | 2.710 | -0.003 | -0.13% |
|
Bonny Light • 24 hours | 88.69 | -0.04 | -0.05% | ||
|
Girassol • 24 hours | 89.20 | -0.10 | -0.11% | ||
|
Opec Basket • 2 days | 87.35 | -2.29 | -2.55% |
|
Peace Sour • 15 hours | 75.30 | -0.05 | -0.07% | ||
|
Light Sour Blend • 15 hours | 78.35 | -0.05 | -0.06% | ||
|
Syncrude Sweet Premium • 15 hours | 85.30 | -0.05 | -0.06% | ||
|
Central Alberta • 15 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% |
U.S. Shale Oil Production Growth Is Slowing Down
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News
OPEC Oil Output Drops to Lowest Level in 2 ½ Years
Oil production from OPEC dropped to its lowest level in 2 ½ years according to a Bloomberg survey. Production dropped by 11,000 barrels per day from January to February,…
Natural Gas Vehicles to Boom Over Next Decade
New research from Navigant Consulting finds that the number of vehicles using natural gas will double over the next decade to 39.8 million. Much of that growth will occur…
Obama Admin May Open Up Atlantic to Seismic Testing
A report expected to be released on February 27 or 28 could allow the early stages of oil exploration to move forward on the U.S. Atlantic seaboard, which has long…
Brent/WTI Spread Narrows to 4 ½ Month Low
Prices between the two major oil benchmarks – Brent and WTI – have narrowed to their lowest level in four and a half months. WTI closed at $102.42 on…
U.S. Coal Exports Jump Three-fold Since 2005
All this week, the Energy Information Administration has released updated data on U.S. energy trade, and in its latest tranche, EIA data shows that the dollar value of U.S. coal…
Shale Gas Cuts into Natural Gas Trade
The boom in shale gas production over the last decade has eaten away at natural gas imports. New data released by the Energy Information Administration shows that the value…
DOT Issues Emergency Order for Crude Oil Rail Transport
The U.S. Department of Transportation issued an emergency order on February 25 to address the safety of transporting crude oil by rail. According to…
IEA: Large-Scale Integration of Renewables Not Costly
A new study released by the International Energy Agency concludes that the large-scale adoption of renewable energy technologies like solar and wind can come at “little additional cost in…
Domestic Oil Production Continues to Improve Trade Picture
New data from the Energy Information Administration illustrates the improving trade picture for the United States due to a rapid increase in oil production. Rising production, flat demand, and…
Japan Charts Path to Return to Nuclear Power
The Wall Street Journal reported on a 20-year strategic energy plan released by the Japanese government that calls for a return to nuclear power. The plan, expected to be…
Supreme Court Declines to Hear FERC Case
The U.S. Supreme Court declined to hear a case that challenged a pricing formula for long distance transmission lines. The decision leaves in place a ruling from a lower…
Tesla Plans to Build World’s Biggest Battery Factor
Tesla is set to announce a plan this week to build the world’s largest battery factory. The plan will include the involvement of Panasonic and other partners, and it will…
Colorado Enacts First Methane Regs in Country
Colorado became the first state in the nation to enact air quality rules that included measures to regulate methane emissions from oil and gas drilling. The Colorado Air Quality…
Iran Reveals Details on New Contracts With IOC’s
Iran announced new details on how it will design contracts with international companies seeking to develop Iranian oil and gas reserves, according to Bloomberg. At a conference in Tehran,…
Rail Owner Voluntarily Moves to Improve Safety of Oil Transport
Derailed trains carrying crude oil from America’s oil patch have become depressingly common, but with the federal government not moving on regulation, the rail industry is taking matters into…
Lack of Personnel in Government Holding Back Oil and Gas Development
A new report from the Government Accountability Office (GAO) finds that a shortage of talent in government positions is holding back the oil and gas industry. The U.S. Department…
Fukushima Plant Springs New Leak
The Tokyo Electric Power Company (TEPCO) announced that 100 metric tons of highly contaminated water leaked from the site of its crippled nuclear power plant at Fukushima. The water…
Israel and Jordan Sign Gas Deal
Israel and Jordan signed a deal on February 19 in which Israel will supply Jordan with $500 million in natural gas over a 15-year period. The deal could be…
Nebraska Court Decision to Delay Keystone XL
A Nebraska court found that the state law used to approve the Keystone XL project in Nebraska is unconstitutional. The state passed a law that allowed TransCanada to submit an…
DOE Finally Approves Loan Guarantee for Nuclear Plant
The first nuclear power plant to break ground in over three decades finally got its loan guarantee approved. The Vogtle power plant, under construction in Georgia, will receive $6.5…
