 |
Louisiana Light • 2 days | 81.18 | +0.12 | +0.15% | ||
|
Bonny Light • 29 days | 86.00 | -0.62 | -0.72% | ||
|
Opec Basket • 2 days | 81.37 | -0.08 | -0.10% | ||
|
Mars US • 266 days | 75.97 | -1.40 | -1.81% | ||
|
Gasoline • 7 hours | 2.461 | -0.007 | -0.29% |
|
Bonny Light • 29 days | 86.00 | -0.62 | -0.72% | ||
|
Girassol • 29 days | 87.27 | -0.38 | -0.43% | ||
|
Opec Basket • 2 days | 81.37 | -0.08 | -0.10% |
|
Peace Sour • 14 hours | 72.28 | +0.69 | +0.96% | ||
|
Light Sour Blend • 14 hours | 72.28 | +0.69 | +0.96% | ||
|
Syncrude Sweet Premium • 14 hours | 79.18 | +0.89 | +1.14% | ||
|
Central Alberta • 14 hours | 72.28 | +0.69 | +0.96% |
|
Eagle Ford • 3 days | 74.07 | +0.63 | +0.86% | ||
|
Oklahoma Sweet • 2 days | 75.00 | +2.00 | +2.74% | ||
|
Kansas Common • 3 days | 67.75 | +0.50 | +0.74% | ||
|
Buena Vista • 4 days | 83.27 | -2.82 | -3.28% |
Breaking News:
The Rise of the Middle Corridor Trade Route
The Ukraine war has catalyzed…
U.S. Commands Higher Prices for Crude Amid Growing Global Oil Market Influence
Increased domestic offtake capacity and…
Iranian Oil Exports Have Risen Sharply, Facilitated By Malaysia
Whether or not the U.S.…
News
Gazprom Wants 15% of Global LNG Market
Gazprom aims to capture 15% of the global LNG market over the next 15 years. In a press release, it stated that its board of directors agreed that LNG…
Potential Sale of Oil from SPR Gaining Steam
Bloomberg News reported on March 26 that the possibility of the U.S. releasing emergency stockpiles of oil in order to punish Russia is gaining a bit of steam in…
U.S. Oil Production Reaches 10% of Global Supply
In the fourth quarter of 2013, the United States produced 7.84 million barrels of oil per day, according to new data from the Energy Information Administration. This was enough to…
EU Eyes Fracking for Energy Security
The dependence of many European Union members on Russian gas has been the topic of discussion for several weeks now, and a G7 meeting this week had EU member countries…
Report: Off-Grid May Soon Reach Tipping Point
Declining costs of solar power are making off-grid energy systems increasingly viable, getting closer to grid-parity with conventional sources of power from the electrical grid. Meanwhile, costs for big utilities…
A Week of Oil Spills
The past week has not been a good one for the oil industry. There have been several high profile oil spills across the U.S. The 168,000 gallon spill in the…
Cold Weather Draws Down Coal Inventories
The remarkably cold winter in the eastern U.S. has depleted coal supplies as demand for electricity and heat spiked. Coal-fired power plants often keep several months’ supply of coal on…
Japan Cuts Solar, Raises Wind Tariff
Japan slashed the rate that solar power earns on the grid by 11%, down to 32 Yen (31 cents) per kilowatt-hour. Beginning in the new fiscal year in April,…
Oil Rigs Hit Highest Level in Decades
The number of oil rigs in operation hit a multi-decade high as productivity plateaus. The oil industry added 12 more rigs according to the most recent data from Baker…
Houston Shipping Channels Shuttered for 3rd Day After Oil Spill
A late-night collision on March 22 between an oil barge and a cargo ship spilled 168,000 gallons of oil into the Galveston Bay in Houston Texas. The spill resulted in…
China Became Largest Importer of Liquid Fuels in 2013
New data from the U.S. Energy Information Administration shows that in September 2013 China surpassed the U.S. to become the world’s largest importer of oil and other liquid fuels. China’s…
China Reforming Energy Sector
President Xi Jinping is leading an effort to reform China’s energy sector, which has long been under the strict purview of state-owned enterprises. China is expected to raise retail…
Companies Lining Up to Profit on Mexican Oil
The landmark energy reform passed last year as part of Mexican President Enrique Pena Nieto’s agenda opened up Mexico’s oil sector for the first time in 76 years. The state…
Bakken Drillers Going Green to Make Green
Oil drillers in the Bakken are taking steps to reduce gas flaring in order to capture more natural gas for sales. Flaring has become a major problem in the Bakken.…
Texas Sitting on $140 Billion in Oil Wealth
A new report finds that Texas holds an estimated $140 billion in “petro-wealth” in proved reserves. About $110 billion of that total is owned by corporations, $22 billion owned…
California to Slash Gasoline Consumption by 9% by 2020
By the end of the decade, California may cut gasoline consumption by 9% due to state policies and rapidly improving fuel efficiency. As Californians switch over to more efficient vehicles,…
On Keystone XL, Obama Must Choose Between Donors and Senate
President Obama recently told a group of governors in a closed-door meeting that he would make a decision on the infamous Keystone XL pipeline within a “couple” of months.…
BP Getting Back in the Gulf
Just two weeks after the US government lifted a 16-month ban on new federal contracts for BP Plc, the company placed the winning bid on Wednesday for 24 contracts…
Oil Theft Could Derail Oil Growth in Nigeria
Theft in the Niger Delta may prevent Nigeria from meeting its ambitious goal of boosting oil output by 30% by 2020, according to oil officials there. An official from…
U.S. Auctions Gulf Offshore Leases
On March 19 the U.S. Department of Interior sold leases on tracts of ocean in the Gulf of Mexico for oil and gas exploration. The sale was to be…
