 |
Louisiana Light • 3 days | 87.12 | +0.03 | +0.03% | ||
|
Bonny Light • 1 day | 89.32 | +0.45 | +0.51% | ||
|
Opec Basket • 3 days | 86.51 | -1.01 | -1.15% | ||
|
Mars US • 173 days | 77.26 | -1.51 | -1.92% | ||
|
Gasoline • 1 hour | 2.745 | +0.011 | +0.39% |
|
Bonny Light • 1 day | 89.32 | +0.45 | +0.51% | ||
|
Girassol • 1 day | 89.90 | +0.45 | +0.50% | ||
|
Opec Basket • 3 days | 86.51 | -1.01 | -1.15% |
|
Peace Sour • 10 mins | 76.01 | -0.55 | -0.72% | ||
|
Light Sour Blend • 10 mins | 79.06 | -0.55 | -0.69% | ||
|
Syncrude Sweet Premium • 10 mins | 86.01 | -0.55 | -0.64% | ||
|
Central Alberta • 10 mins | 76.41 | -0.55 | -0.71% |
|
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% |
Profit Taking Is Putting Downward Pressure on Oil Prices
Oil prices fell this week…
Nigeria To Launch Crude Trading at its Commodity Exchange
Africa’s biggest oil producer, Nigeria,…
Oil Takes a Breather as Geopolitical Risk Eases
WTI crude hangs above $80…
News
Shell Makes a Bid for Cove Energy Plc as the Majors Move into Mozambique
In recent months Mozambique has reared its head as a global power in natural gas, boasting fields that are expected to be larger than those owned by Norway. Italy’s Eni…
Hamas Strike Electricity Deal with Egypt
On 23 February the Palestinian resistance movement Hamas, which controls the Gaza Strip, announced that Hamas Gazan leader Ismail Haneya had reached a "comprehensive agreement" with Egypt to permanently end…
Democrats Want to Use US Oil Stockpile to Relieve High Prices; It Won’t Work!
Due to fears over the situation in Iran, amongst other things, oil prices are at a nine month high, and petrol prices are also at near record levels. These high…
Liberia Announces Major Offshore Oil Find
Over the last two decades, the Caspian has attracted the lion’s share of PR buzz as a major new oil area, but West Africa’s Gulf of Guinea has also become…
Tonga Starts on its Plan to Achieve 50% Renewable Energy by 2015
As oil prices increase, steady oil supplies become more uncertain, and CO2 emissions continue to increase, many countries around the world are trying to invest in renewable energy sources. The…
A Unified North Africa Could Help Europe Reach its Clean Energy Goals
In order to meet domestic energy demand, and outsource clean energy to nearby Europe, Morocco started to invest in new energy sources, such as wind and solar farms. Europe has…
Japan Reluctant to Sign New Deal with Iran until US Give the OK
As the US and EU trade sanctions draw closer Iran are looking to secure increased export volumes to their largest customers in Asia. China, the largest importer of Iranian Oil,…
New Oil Field in the Gulf of Mexico Could be Huge
The BP blowout reaction a couple years ago put a lid on oil and gas development in the Gulf of Mexico that has yet to be fully lifted. With oil…
Japan Starts to Invest in Tsunami-Proof, Floating Wind Farms
Following the earthquake and tsunami that hit Japan in 2011 causing one of the world’s worst nuclear disasters since Chernobyl at the Fukushima nuclear power plant, the Ministry of Trade…
Canada Threatens EU with Trade War over Oil Sands Ban
The European vote on the 23rd February which could potentially classify Canada’s oil sands as highly polluting and effectively ban their trade with the EU, has attracted angry retaliations from…
Energy Crisis in the Gaza Strip Threatens Hospitals
The Gaza Strip is in the middle of an energy crisis that is close to developing into a full blown humanitarian crisis as their only power plant was forced to…
Middle East to Spend 180 Billion Dollars on New Energy Projects
A new report by the market researchers Venture Middle East has announced that the Middle East is due to spend a combined $180 billion on new water and power projects…
UK's Nuclear Sector Set to Expand Following New Energy Pact with France
On Friday the British Prime Minister David Cameron signed a new energy pact with French President Nicolas Sarkozy that will lead to the construction of more nuclear power plants in…
Keystone XL Likely to be Reviewed After US Presidential Elections
In January President Barack Obama delayed any decisions on the Keystone XL Pipeline, citing that he needed more time to assess the environmental impacts. He has not rejected the pipeline,…
Australia Look to Free Market Economics for their Energy Security
The general energy objective in the US is to achieve energy independence, because they believe it will ensure energy security. In Obamas State of the Union speech he proclaimed that…
No Peak Oil - Why Then is Saudi Aramco Opening Old Wells for Heavy Crude?
Following the Iranian Revolution in 1979 demand of oil from Saudi Arabia fell from ten million barrels per day (bpd) to three million bpd. As a result of the reduced…
Should the UK Help Ban Canada’s Tar Sands from Europe?
The EU is currently discussing a Fuel Quality Directive, which will designate Canada’s tar sands as 22% more polluting than conventional fuels and effectively ban any fuel derived from them…
US Pleas for Asia to Cut Iranian Oil Imports Fall on Deaf Ears
Last year China, India, Japan, and South Korea accounted for 60 percent of Iran’s total oil exports, providing the country with $100 billion of revenue. As the EU oil sanctions…
Bill Gates and Richard Branson Back Geoengineering to Counter Climate Change
Climate change is real. Few doubt that now. Governments try to impose, rather weak, legislation to combat climate change such as imposing reductions in carbon emissions, but in truth nothing…
Eni Announce Another Huge Gas Discovery off the Coast of Mozambique
Eni SpA, Italy’s largest oil company, owns 70% of Mozambique’s offshore Area 4, a large area off the East coast of Africa where last year they discovered a huge natural…
