 |
Louisiana Light • 2 days | 87.12 | +0.63 | +0.73% | ||
|
Bonny Light • 20 hours | 90.15 | +1.75 | +1.98% | ||
|
Opec Basket • 2 days | 88.39 | -0.06 | -0.07% | ||
|
Mars US • 175 days | 77.26 | -1.51 | -1.92% | ||
|
Gasoline • 4 hours | 2.765 | +0.006 | +0.23% |
|
Bonny Light • 20 hours | 90.15 | +1.75 | +1.98% | ||
|
Girassol • 20 hours | 90.85 | +1.82 | +2.04% | ||
|
Opec Basket • 2 days | 88.39 | -0.06 | -0.07% |
|
Peace Sour • 19 hours | 76.77 | +0.76 | +1.00% | ||
|
Light Sour Blend • 19 hours | 79.82 | +0.76 | +0.96% | ||
|
Syncrude Sweet Premium • 19 hours | 86.77 | +0.76 | +0.88% | ||
|
Central Alberta • 19 hours | 77.17 | +0.76 | +0.99% |
|
Eagle Ford • 2 days | 80.05 | +0.76 | +0.96% | ||
|
Oklahoma Sweet • 2 days | 80.00 | +0.75 | +0.95% | ||
|
Kansas Common • 2 days | 73.75 | +0.75 | +1.03% | ||
|
Buena Vista • 3 days | 87.23 | -0.55 | -0.63% |
Breaking News:
What’s The Next Move In The Israel-Iran Standoff And What Will Oil Do?
Tensions between Israel and Iran…
Nuclear Tensions Rise as Poland Offers Territory for NATO Warheads
Polish President Andrzej Duda has…
Fossil Fuels Hit All-Time Low in UK Electricity Generation
The UK's generation of electricity…
News
Iran will Stop Enrichment Program in Exchange for Uranium Fuel Supply
In an attempt to show flexibility in the talks over its nuclear enrichment program, which have made little progress since April and have led to the West imposing harsher sanctions…
Saudi Aramco to Spend $35 Billion on Increasing Oil Production Capacity by 2017
Khalid al-Falih, the head of the world’s biggest oil producer, Saudi Aramco, has given a speech at Oxford University in which he mentioned that his company will invest $35 billion…
Shamoon Virus that Attacked Saudi Aramco is the Most Dangerous to Date
In an attempt to attract investment and support for his plan to upgrade and improve the cyber defences of the US, Defense Secretary Leon Panetta addressed business leaders in New…
Oman Announces Plans to Build World's Largest Oil Storage Facility
Iran has threatened to close the Straits of Hormuz on more than one occasion in response to the sanctions being imposed upon its economy by the US and EU. Over…
IEA Say that Oil Price May Fall to $89 a Barrel in Next Five Years
The International Energy Agency (IEA) has predicted that oil prices could fall over the next five years as a result of the slow global economy and low demand in comparison…
Punishment for Dealing with Kurds: Baghdad to Replace Exxon with Russians
Baghdad has been angry with certain international oil companies, namely ExxonMobil, Total, and Chevron, for their dealings with Kurdistan. The oil companies have signed oil deals in the northern region…
Nigerian Villagers Take Shell to Court over Pollution of Niger Delta
In a landmark case which could open up the doors to allow more poor communities to file compensation claims against international oil companies, on Thursday four Nigerian villagers took Royal Dutch…
Syrian Airbus Grounded by F-16 Fighters in Turkey after Pilot Ignored Warnings
After ignoring warnings not to enter Turkish airspace, an Airbus A320 operated by Syrian Arab Airlines was grounded by Turkish F-16 fighter jets on its way from Moscow to Damascus…
Crown Estate Predict the UK has 153GW if Tidal Power Potential
The Crown Estate recently released the findings of a report that it had undertaken into the potential capacity of marine energy that is available in the UK. The findings estimate…
US Trade Deficit Increases by $44.2 Billion in August
The Department of Commerce reported: Total August exports of $181.3 billion and imports of $225.5 billion resulted in a goods and services deficit of $44.2 billion, up from…
Chevron Loses Supreme Court Appeal Against $18.2 Billion Ecuador Case
Chevron Corp has just lost yet another court case in its attempt to appeal the $18.2 billion judgement it must pay to residents of the Lago Agrio region in Ecuador.…
US Train Companies Consider Natural Gas over Diesel
For the past two weeks train industry executives from around the US have been holding private meetings to discuss the potential of using natural gas to power the trains, rather…
EIA Predicts Cold Winter will Cause Heating Bills to Increase 19%
The Energy Information Administration has compiled a report that suggests US households should expect their energy bills to be higher this winter due to the forecast of colder temperatures than…
Is Japan's New Carbon Tax the Final Straw for its Energy Sector?
Japan has just announced that it will gradually introduce a new tax on carbon emissions for oil, natural gas, and coal, over the next five years. Energy costs are already…
Development of 7.2GW Offshore Wind Farm Starts in UK
The wind energy company IBERDOLA has begun the development of the world’s largest wind power project with its partner, the Swedish company Vattenfall. The offshore wind farm will be located…
Iraq Could Become the Second Largest Oil Producer in the World by 2035
The International Energy Agency (IEA) has completed a major new study which has deducted that within two decades Iraq could overtake Russia to become the world’s second largest oil exporter,…
Terra Firma to Set Up a $5 Billion Renewable Energy Investment Fund
The private equity firm Terra Firma has joined with the Chinese Development Bank to create a multi-billion dollar renewable energy investment fund. They will start “raising between $3 and $5…
MENA Plans to Invest $740 Billion on Energy Projects Over the Next 5 Years
According to a recent report by the Arab Petroleum Investments Corp. (Apicorp), Oil producing countries in the Middle East and North Africa (MENA) plan to spend a combined $740 billion…
The End of the Petrodollar?
Say you’re an up-and-coming superpower wannabe with dreams of dominating your neighbours and intimidating everyone else. Your ambition is understandable; rising nations always join the “great game”, both for their…
UK Could Face Blackouts by 2015 due to Phase out of Coal-Fired Power Plants
In a new report, Ofgem, the UK energy regulator, has warned that in as little as three years time the nation could start experiencing black outs and higher energy bills…
