WTI Crude •2 days	35.49	+1.78	+5.28%
Brent Crude •2 days	37.84	+1.81	+5.02%
Natural Gas •2 days	1.849	+0.022	+1.20%
Mars US •2 days	36.49	+1.43	+4.08%
Opec Basket •4 days	29.03	+0.58	+2.04%
Urals •3 days	34.65	+0.75	+2.21%
Louisiana Light •4 days	34.60	-0.82	-2.32%

	Louisiana Light • 4 days	34.60	-0.82	-2.32%
	Bonny Light • 3 days	34.61	+0.74	+2.18%
	Mexican Basket • 4 days	27.37	-0.55	-1.97%
	Natural Gas • 2 days	1.849	+0.022	+1.20%
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Marine •3 days	35.23	+1.71	+5.10%
Murban •3 days	35.21	+1.99	+5.99%
Iran Heavy •3 days	31.78	+0.98	+3.18%
Basra Light •3 days	40.13	+1.71	+4.45%
Saharan Blend •3 days	35.49	+1.15	+3.35%
Bonny Light •3 days	34.61	+0.74	+2.18%

	Bonny Light • 3 days	34.61	+0.74	+2.18%
	Girassol • 3 days	35.23	+0.78	+2.26%
	Opec Basket • 4 days	29.03	+0.58	+2.04%
OPEC Members Monthly
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Canadian Crude Index •2 days	27.03	+1.89	+7.52%
Western Canadian Select •3 days	30.21	+0.90	+3.07%
Canadian Condensate •3 days	32.71	+0.90	+2.83%
Premium Synthetic •3 days	34.11	+0.90	+2.71%
Sweet Crude •3 days	33.71	+0.90	+2.74%
Peace Sour •3 days	28.71	+0.90	+3.24%

	Peace Sour • 3 days	28.71	+0.90	+3.24%
	Light Sour Blend • 3 days	29.21	+0.90	+3.18%
	Syncrude Sweet Premium • 3 days	33.71	+0.90	+2.74%
	Central Alberta • 3 days	28.71	+0.90	+3.24%
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Louisiana Light •4 days	34.60	-0.82	-2.32%
Domestic Swt. @ Cushing •3 days	32.00	+1.75	+5.79%
Giddings •3 days	25.75	+1.75	+7.29%
ANS West Coast •5 days	35.46	-1.61	-4.34%
West Texas Sour •3 days	29.44	+1.78	+6.44%
Eagle Ford •3 days	33.39	+1.78	+5.63%

	Eagle Ford • 3 days	33.39	+1.78	+5.63%
	Oklahoma Sweet • 3 days	32.00	+1.75	+5.79%
	Kansas Common • 4 days	23.00	-1.00	-4.17%
	Buena Vista • 4 days	36.39	-0.90	-2.41%
Click Here for 150+ Global Oil Prices

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OPEC Compliance With Output Cuts Was Only 74% In May

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James Burgess

James Burgess studied Business Management at the University of Nottingham. He has worked in property development, chartered surveying, marketing, law, and accounts. He has also…

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Shell Close to Signing $10 Billion Shale Gas Deal with Ukraine

By James Burgess - Jan 16, 2013, 4:32 PM CST

One of the final hurdles standing in the way of the $10 billion shale gas deal between Royal Dutch Shell (NYSE: RDS.A) and Ukraine was cleared on Wednesday when local authorities approved the plans for Shell to develop the country’s huge shale reserves under a production sharing agreement.

Ukraine, which has Europe’s third largest shale gas reserves after France and Norway, is keen to develop its giant Yuzivska shale gas field in order to reduce reliance on imported Russian natural gas, which it buys for an exorbitant $430 per thousand cubic metres; US power companies buy natural gas for around $172 per thousand cubic metres.

Related Article: Colorado Enacts Tough New Fracking Measures

Oleh Proskuryakov, the Environment and Natural Resources Minister, said that, “if exploration is successful in the Yuzivska area, we will be able to produce a few billion cubic metres (bcm) of gas per year in just five-six years and eight to 10 bcm in 10 years. At its peak, in 13-15 years, annual production may exceed 20 bcm. This will not only strengthen our energy independence but will also significantly reduce gas prices.”

Proskuryakov previously stated that they hope for all hurdles to be overcome and the final agreement signed with Shell during the first quarter of the year.

By. James Burgess of Oilprice.com

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James Burgess

James Burgess studied Business Management at the University of Nottingham. He has worked in property development, chartered surveying, marketing, law, and accounts. He has also…

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