 |
Louisiana Light • 3 days | 87.12 | +0.03 | +0.03% | ||
|
Bonny Light • 2 days | 88.87 | +0.67 | +0.76% | ||
|
Opec Basket • 3 days | 86.51 | -1.01 | -1.15% | ||
|
Mars US • 173 days | 77.26 | -1.51 | -1.92% | ||
|
Gasoline • 34 mins | 2.736 | +0.002 | +0.05% |
|
Bonny Light • 2 days | 88.87 | +0.67 | +0.76% | ||
|
Girassol • 2 days | 89.45 | +0.81 | +0.91% | ||
|
Opec Basket • 3 days | 86.51 | -1.01 | -1.15% |
|
Peace Sour • 17 hours | 76.56 | +1.46 | +1.94% | ||
|
Light Sour Blend • 17 hours | 79.61 | +1.46 | +1.87% | ||
|
Syncrude Sweet Premium • 17 hours | 86.56 | +1.46 | +1.72% | ||
|
Central Alberta • 17 hours | 76.96 | +1.46 | +1.93% |
|
Eagle Ford • 3 days | 79.33 | -0.29 | -0.36% | ||
|
Oklahoma Sweet • 6 days | 79.75 | +0.50 | +0.63% | ||
|
Kansas Common • 2 days | 73.50 | +0.50 | +0.68% | ||
|
Buena Vista • 3 days | 87.02 | -0.29 | -0.33% |
Geopolitical Tensions Fail to Spark Oil Price Surge
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News
Gazprom Offers to Bail out Cyprus in Exchange for Exploration Rights
Cyprus is in a bit of a piggle, but the European Union has offered a solution; they will bail out the Cypriot banks and in return take a percentage of…
Shell still Owe $2.3 Billion to Iran for Crude Purchased in 2012
Royal Dutch Shell has announced that it still owes $2.3 billion to Tehran for crude products traded in 2012 up until the summer deadline when the EU embargo took effect.
Creating Artificial Reefs from Old Oil Rigs
One problem that oil companies suffer from, and which most people may not have actually considered before, is what to do with old drilling rigs and platforms.Once upon…
Chevron Pipeline Leaks Thousands of Gallons of Diesel into Precious Wetlands
On Monday a drop in pressure was detected along one of Chevron Corp’s pipelines which carries diesel and jet fuel between the Salt Lake City refinery and Boise, Idaho. Chevron…
Saudi Arabia Set to Begin Drilling for Shale Gas
Saudi Arabia is the largest exporter of crude oil in the world, yet rapidly increasing domestic demand threatens to impact on this status, and that could have dire consequences for…
Computer Technicians Jailed for Spying on Saudi Aramco
It has become increasing more documented that cyber attacks pose a serious threat in the modern world, especially to energy companies which tend to use computerised systems to automatically control…
UK Expected to Approve First of Many New Nuclear Plants Today
Ed Davey, the UKs Energy Secretary, is expected to give the go ahead later today to approve the first of a string of new nuclear reactors planned for construction in…
Abu Dhabi Opens the World’s Largest Concentrated Solar Power Plant
The United Arab Emirates are rich in oil, and as a result rich in pocket, yet unlike the US oil industry the Arab states understand that renewable energy is vital…
Volcanic Shield can Protect from Eruptions and Generate Electricity
Volcanoes pose a threat to populations living in their vicinity, yet also have the potential to provide huge amounts of geothermal energy. A new design, known as the VolcanElectric Mask…
US Treasury Goes After a Greek Businessman Who Helped Iran Avoid Sanctions
The US Treasury Department has come down hard on a Greek businessman who they claim has been helping Iran to evade sanctions and export its oil by buying a fleet…
10 Billion Barrels of Oil Discovered in Kenya’s Cradle of Mankind
The Cradle of Mankind is a Great Rift valley that runs through Kenya, created by separating tectonic plates, and so named due to the million-year old human remains that have…
Expect More Focus on China and Russia in Post-Chavez Venezuela
If acting President Nicolas Maduro wins the April 14 election against Henrique Capriles then an increased focus on deals with China and Russia should be expected as he continues with…
Somali Pirates Release Hijacked Oil Tanker and Crew after 10 Months
In May 2012 Somali pirates hijacked an oil tanker owned by Dynacom Tankers Management. It was one of the last successful pirate attacks against a large tanker, as combined efforts…
China Set to Overtake Germany as the World’s Largest Consumer of PV Power
A new report written by NPD Solarbuzz has predicted that China will overtake Germany to become the largest consumer of photovoltaic power in the world this year.It…
Exxon Mobil’s View of the World in 2040
Crystal ball-gazing is often a welcome distraction from a slow or dull market, but it serves a useful purpose too, particularly for firms with long design-to-market cycles or looking to…
Qatar may Invest £10 Billion in UK Infrastructure Projects
The Financial Times has reported that officials and ministers from the United Kingdom and the Kingdom of Qatar have been in talks over recent weeks about the possibility of Qatar…
Colombia’s Largest Coal Exporter Bombed Days after Deal to End Strike
Only days after Colombia’s largest coal exporter, Cerrejon, signed a wage agreement to end a month long strike which had paralyzed exports and cost the government millions in lost royalties,…
Oil Barge Collides with Pipeline in Waters near to New Orleans
At around 6pm Tuesday evening, a tug boat pushing a fully laden oil barge along the river near to Bayou Perot, just 48km south of New Orleans, ran into a…
Iran Increases Oil Exports, Despite New US Sanctions
The US has upped their sanctions against Iran once again in their attempts to restrict Iran’s oil exports and the subsequent revenue that it provides the Persian country. Hopes are…
Has Japan Doomed the Planet by Starting to Extract Methane Hydrates?
The state-owned Japan Oil, Gas, and Metals National Corporation, has just recently become the first company in the world to successfully extract natural gas from methane hydrate deposits trapped beneath…
