Louisiana Light • 2 days | 79.59 | +1.63 | +2.09% | |||
Bonny Light • 1 day | 81.80 | +0.14 | +0.17% | |||
Opec Basket • 2 days | 83.40 | +0.65 | +0.79% | |||
Mars US • 27 days | 79.71 | -2.05 | -2.51% | |||
Gasoline • 32 mins | 2.300 | +0.016 | +0.71% |
Bonny Light • 1 day | 81.80 | +0.14 | +0.17% | |||
Girassol • 1 day | 82.56 | +0.13 | +0.16% | |||
Opec Basket • 2 days | 83.40 | +0.65 | +0.79% |
Peace Sour • 4 hours | 61.61 | +1.45 | +2.41% | |||
Light Sour Blend • 4 hours | 65.46 | +1.45 | +2.27% | |||
Syncrude Sweet Premium • 4 hours | 70.06 | +1.45 | +2.11% | |||
Central Alberta • 4 hours | 63.61 | +1.45 | +2.33% |
Eagle Ford • 2 days | 72.89 | +0.87 | +1.21% | |||
Oklahoma Sweet • 2 days | 72.75 | +1.25 | +1.75% | |||
Kansas Common • 3 days | 65.00 | -0.75 | -1.14% | |||
Buena Vista • 3 days | 80.98 | -0.43 | -0.53% |
Inpex' decision to sell its…
The world’s best-performing IPO stock…
Underlining South Koreaâs global energy interests, Seoul based Korea East-West Power Company Limited has negotiated a deal with the Jamaica government, which has given the green light to the decision by Marubeni Corporation to transfer 50 percent of its shares in the Jamaica Public Service Company to EWP.
Jamaicaâs Energy and Mining Minister Clive Mullings told reporters, "The company is wholly owned by the Government of South Korea, and ranks as the largest thermal power company in the Republic of Korea, owning and operating in excess of 9,000 megawatts of power generation facilities in the country. The main purpose being, to aggressively pursue the best strategy to significantly reduce the high prices local consumers have to pay for electricity.
The generation of electricity takes up 80 percent of the total cost to generate, transmit, and distribute electricity island-wide. Hence, the replacement of these plants by modern efficient units burning natural gas is the strategy that has been adopted by this Government and commands our primary focus," Bridgetownâs CMC regional news service reported.
In promoting the arrangement Mullings added that Jamaicaâs only real solution to reducing electricity costs was through use of modern, efficient plants to generate electricity from cheaper energy sources, something that the indigenous economy was unable to afford at present.
By. Joao Peixe, Deputy Editor OilPrice.com
U.S. Crude Production Breaks Records
Oil Prices Fall Further As U.S. Crude Oil Inventories See Major Build
Second Israel-Linked Vessel Seized in the Gulf of Aden
OPEC Said To Consider Additional 1 Million Bpd Output Cut
Crude Oil Inventory Balloons but Gasoline, Diesel Inventories Fall
ADVERTISEMENT
The materials provided on this Web site are for informational and educational purposes only and are not intended to provide tax, legal, or investment advice.
Nothing contained on the Web site shall be considered a recommendation, solicitation, or offer to buy or sell a security to any person in any jurisdiction.
Trading and investing carries a high risk of losing money rapidly due to leverage. Individuals should consider whether they can afford the risks associated to trading.
74-89% of retail investor accounts lose money. Any trading and execution of orders mentioned on this website is carried out by and through OPCMarkets.
Merchant of Record: A Media Solutions trading as Oilprice.com