 |
Louisiana Light • 2 days | 86.60 | -0.08 | -0.09% | ||
|
Bonny Light • 1 day | 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 • 12 hours | 2.710 | -0.003 | -0.13% |
|
Bonny Light • 1 day | 88.69 | -0.04 | -0.05% | ||
|
Girassol • 1 day | 89.20 | -0.10 | -0.11% | ||
|
Opec Basket • 2 days | 87.35 | -2.29 | -2.55% |
|
Peace Sour • 20 hours | 75.30 | -0.05 | -0.07% | ||
|
Light Sour Blend • 20 hours | 78.35 | -0.05 | -0.06% | ||
|
Syncrude Sweet Premium • 20 hours | 85.30 | -0.05 | -0.06% | ||
|
Central Alberta • 20 hours | 75.70 | -0.05 | -0.07% |
|
Eagle Ford • 2 days | 79.21 | +0.04 | +0.05% | ||
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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% |
Rising Middle East Risk Sparks Fear of $100 Oil
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News
Exxon Mobil Sells Japanese Refining Company for $3.9 Billion
Due to tight rules for petroleum fuels in developed countries, demand growth is expected to decrease. The margins are also small, and as a result many of the oil majors…
Turkey Take Iran to International Arbitration Over High Gas Prices
In 2009 the ICC had to resolve a dispute between Turkey and Iran over gas supplies, and Turkey was awarded $800 million compensation related to gas purchases from Iran. Now…
Qatar to Spend $25 Billion on Petrochemical Development
Qatar has grown to become the world’s largest liquefied natural gas (LNG) exporter over the last decade, and has now announced plans to spend $25 billion on the expansion of…
Industry Experts Say Iranian Oil Sanctions Will not Affect Supply
Fears that Western sanctions against Iran over its nuclear program will cause a deficit in oil supply compared to demand are apparently unnecessary as senior oil executives, traders and strategists…
China’s Demands for Release of Workers Held by Rebels in Sudan Fall on Deaf Ears
The Chinese government may be accustomed to bullying its own people or small neighbouring countries, but it is finding that the rest of the world are less easily cowed by…
Saudi Arabia Promises to Cover Shortages in World Oil Supply
The escalating problems with Iran threatening to disrupt world oil supply, an event that could prove decidedly deadly to the many economies trying to recover from recent recessions. Current economies…
Siemens Secures First Wind Turbine Order in Africa
As part of its globalisation strategy Siemens Energy has announced that it will establish three regional Wind Power Business Units for EMEA (Europe, Middle East and Africa), The Americas and…
Natural Gas Market Forecast for the Week of January 30, 2012
March Natural Gas formed a dramatic closing price reversal bottom last week, setting up the market for a 2 to 3 week rally equal to at least 50 percent of…
Iran to take Action Against the West by Banning Oil Exports to the EU?
Following the recent agreement by the EU to impose trade sanctions against Iran the Iranian parliament will debate a law that could halt all oil exports to the continent. "On…
Transmission Line Under the Mediterranean to Supply Italy with Clean Power
It seems that more and more large, renewable energy projects are being announced each day. The most recent is a giant solar power plant that will be built by Top…
Fed Says Market Rally is BS
Well, they didn’t really say that, but they could have, and perhaps should have, and the bond market wholeheartedly agrees with them. That is my takeaway from the Fed minutes…
Will New Technology Cause China's Grip on the Rare Earth Industry to Slip?
After 20 years of careful planning China put itself in a position to be the “OPEC of rare earth metals”, they have such control of the market that commentators have…
Despite the Current Oil & Gas Boom, the Obama Administration Deserves No Credit
“The one person who deserves no credit for this [oil and gas] boom is Barack Obama. In fact, this Administration has bent over backwards to make oil and gas production…
Greek Default: Will it Save or Doom the EU?
Greece has long been in economic trouble and threatens the structure of the EU. That something needs to be done to address this situation is in no doubt. The Greek…
Texas Firm Strikes Natural Gas in Mozambique
Sometimes it seems that the only thing that you have to do to find hydrocarbons in Africa is poke a stick in the ground – or offshore waters. On…
Chinese Refinery in Chad Hits a Major Snag
When Chad’s $60 million Djarmaya refinery, 25 miles north of the capital N’djamena, was opened on 29 June 2011 after two years of construction, President Idriss Deby Itno described it…
Cheaper, Safer, Smaller Nuclear Reactors will Put the US Back on Top
Moving away from large-scale, toxic nuclear reactors, the Department of Energy announces a plan to develop safer, smaller options Mini reactors the future of nuclear power? The US Department of…
Petrobras Design New GTL Process to Create Cheap Oil from Natural Gas
U.S. innovation, technology and willingness to share it, has created an abundance of natural gas for the U. S. and will impact the rest of the world in the coming…
New Heat Engine Could Make Geothermal Power Accessible to the World
The Geological Survey of Canada put out a research paper in 2010 that concluded the country has enough geothermal heat to power itself many times over. The big question is…
Solar Yacht Sails Around the World Powered by Nothing More than the Sun
The World Future Energy Summit has recently finished in Abu Dhabi and for me one of the highlights was the Turanor, an impressive solar powered yacht designed and built by…
