WTI Crude •5 hours	53.87	-0.16	-0.30%
Brent Crude •4 hours	59.42	-0.49	-0.82%
Natural Gas •5 hours	2.517	+0.001	+0.04%
Mars US •5 hours	54.68	-0.10	-0.18%
Opec Basket •2 days	59.54	+0.26	+0.44%
Urals •21 hours	54.15	+0.05	+0.09%
Louisiana Light •2 days	56.94	+0.47	+0.83%

	Louisiana Light • 2 days	56.94	+0.47	+0.83%
	Bonny Light • 21 hours	58.59	+0.79	+1.37%
	Mexican Basket • 2 days	46.98	-0.55	-1.16%
	Natural Gas • 5 hours	2.517	+0.001	+0.04%
Click Here for 150+ Global Oil Prices

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Marine •21 hours	59.63	+0.65	+1.10%
Murban •21 hours	61.59	+0.37	+0.60%
Iran Heavy •21 hours	50.67	+0.93	+1.87%
Basra Light •21 hours	65.43	-1.03	-1.55%
Saharan Blend •21 hours	59.23	+0.64	+1.09%
Bonny Light •21 hours	58.59	+0.79	+1.37%

	Bonny Light • 21 hours	58.59	+0.79	+1.37%
	Girassol • 21 hours	59.46	+0.55	+0.93%
	Opec Basket • 2 days	59.54	+0.26	+0.44%
OPEC Members Monthly
Click Here for 150+ Global Oil Prices

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Canadian Crude Index •3 hours	36.19	+0.00	+0.00%
Western Canadian Select •5 hours	37.68	+0.42	+1.13%
Canadian Condensate •59 days	47.93	+0.57	+1.20%
Premium Synthetic •49 days	54.33	+0.57	+1.06%
Sweet Crude •5 hours	51.08	+0.57	+1.13%
Peace Sour •5 hours	48.18	+0.57	+1.20%

	Peace Sour • 5 hours	48.18	+0.57	+1.20%
	Light Sour Blend • 5 hours	51.18	+0.57	+1.13%
	Syncrude Sweet Premium • 5 hours	55.68	+0.57	+1.03%
	Central Alberta • 5 hours	48.93	+0.57	+1.18%
Click Here for 150+ Global Oil Prices

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Louisiana Light •2 days	56.94	+0.47	+0.83%
Domestic Swt. @ Cushing •21 hours	50.25	-0.25	-0.50%
Giddings •21 hours	44.00	-0.25	-0.56%
ANS West Coast •36 days	62.91	+0.23	+0.37%
West Texas Sour •21 hours	47.73	-0.15	-0.31%
Eagle Ford •21 hours	51.68	-0.15	-0.29%

	Eagle Ford • 21 hours	51.68	-0.15	-0.29%
	Oklahoma Sweet • 21 hours	50.25	-0.25	-0.50%
	Kansas Common • 2 days	44.25	+0.75	+1.72%
	Buena Vista • 2 days	63.36	+0.57	+0.91%
Click Here for 150+ Global Oil Prices

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All Charts

3 hours Nigeria’s Oil Industry Faces An Existential Risk
5 hours Drilling Giant Posts $11 Billion Loss
8 hours “Of Course Not”: Venezuela Slams Russian Takeover Rumors
9 hours Lightning Strike Disrupts Key Oil Pipeline
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12 hours World’s Largest IPO Delayed Once Again
1 day Gulf Of Mexico Oil Companies Brace For Tropical Cyclone
1 day Mexico Vows To Expose Oil Firms Pedaling False Promises
1 day Australia's $11 Billion Gas Project Is Ahead Of Schedule
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1 day Rick Perry Praises The Benefits Of U.S. LNG
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1 day How Brazil Just Massively Cut Back Its Deficit
2 days API: Supersized Crude Build Sends Oil Prices Down
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2 days Russia Nears 100% Compliance With Oil Production Target
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3 days India's Ingenious Way Around U.S. Oil Sanctions
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4 days China’s Oil Imports Jump 11%
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7 days US Sends More Troops To Saudi Arabia After Attacks On Oil Infrastructure
7 days Huge Independent Refiner Prepares For Revolution In Markets
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7 days BP Warns Hurricane Barry Significantly Dented Its Q3 Oil Production
7 days Oil Thieves Cause Fire On Nigerian Oil Block

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Nigeria’s Oil Industry Faces An Existential Risk

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Charles Kennedy

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Charles is a writer for Oilprice.com

Latest articles from Charles

Russia’s Oil Reserves Now Worth $1.2 Trillion

Published 22 September 2019 | viewed 22,819 times

The total value of Russia's oil reserves is estimated at $1.2 trillion, nearly doubling the valuation over the course of a single year, Moscow's Ministry…
Kuwait Raises Security Alert Level Of Oil Facilities

Published 20 September 2019 | viewed 9,339 times

Kuwait raised the security alert level at all of its ports, affecting both commercial ports and oil facilities, according to the state-run Kuwait News Agency,…
Why Gold Prices Are About To Skyrocket Even Higher

Published 12 August 2019 | viewed 105,534 times

The gold bears have finally caved under the deafening barrage of fiscal and geopolitical catalysts, from Fed hints to intensely brewing conflict with Iran. But…
Natural Gas Pipeline In Kentucky Explodes, Killing 1, Injuring 5

Published 01 August 2019 | viewed 14,609 times

One person is dead and five others injured when a natural gas pipeline ruptured in a residential community in rural Kentucky shortly after midnight on…
Oil Production Drops As Libya’s NOC Declares Force Majeure Again

Published 31 July 2019 | viewed 7,427 times

Libya’s national oil company declared force majeure on Sharara crude oil loadings on Wednesday, according to a source familiar with the matter. The country's largest…
Bernie Sanders Calls For Line 5 Oil Pipeline To Be Shut Down

Published 26 July 2019 | viewed 38,641 times

Democratic presidential hopeful Bernie Sanders has called for the controversial Line 5 oil pipeline to be shut down. Sanders became the second 2020 Democratic primary…
US Pushes Back Vote On Nord Stream 2 Sanctions

Published 26 July 2019 | viewed 10,580 times

A U.S. Senate committee will now not vote until next week on a bill that seeks to levy sanctions on companies and individuals involved in…
China To Add More Coal Power In 2019 And 2020 To Meet Energy Demand

Published 18 July 2019 | viewed 11,571 times

In order to meet the growing demand for electricity, China's biggest power generator, China Energy Group is planning to build 11 gigawatts (GW) of new…
Trump Administration Announces Huge Gulf of Mexico Oil & Gas Lease Sale

Published 18 July 2019 | viewed 17,561 times

The U.S. Secretary of the Interior David Bernhardt and Bureau of Ocean Energy Management (BOEM) announced Thursday that BOEM proposes to offer 77.8 million acres…
India’s Solution To A 100% Surge In Energy Demand

Published 17 July 2019 | viewed 11,930 times

Nearly 75 percent of power in India is still generated from coal. While coal-fired power generation is still growing, ambitious clean energy policies and falling…
Turkey Won’t Back Down From Cyprus Oil Drilling Despite EU Sanctions

Published 16 July 2019 | viewed 8,303 times

The Turkish Foreign Affair Ministry on Tuesday rejected the notion of European Union sanctions on Turkey over its drilling for gas in disputed eastern Mediterranean…
Is This A Gamechanger For The Lithium Industry?

Published 24 April 2019 | viewed 44,076 times

2018 was a terrible year for commodities, but few sectors fared as badly as lithium. The crucial battery metal, also known as “White petroleum”, struggled…
Run On Aramco Bonds Could Sideline IPO

Published 09 April 2019 | viewed 6,124 times

The Saudi plan to use their state-run oil giant, Aramco, as a piggy bank panned out fabulously for the Kingdom on Tuesday, with international investor…
The Single Biggest Breakthrough In Oil Tech This Year

Published 28 August 2018 | viewed 27,446 times

Utah holds the largest reserves of oil sands in the United States, but up until now, no company had the technology to exploit these vast…
5 Record Breaking Gemstones Even Billionaires Can’t Buy

Published 20 February 2018 | viewed 53,728 times

As Elizabeth Taylor once said: “I adore wearing gems, but not because they are mine. You can't possess radiance, you can only admire it.” It’s…
Oil Prices Nosedive On Bearish IEA Report

Published 14 November 2017 | viewed 39,053 times

Oil prices are cratering after the IEA said that global oil demand is actually much weaker than everyone thought. The IEA lowered its demand forecast…
Saudi Arabia Considers Selling Cheap Aramco Shares To Locals

Published 22 February 2017 | viewed 6,321 times

Oil giant Saudi Aramco is reportedly considering offering shares to citizens of Saudi Arabia as it prepares for an initial public offering that could be…
Russia Sanctions Scandal Only Begins With Flynn’s Resignation

Published 15 February 2017 | viewed 9,382 times

The resignation of General Michael Flynn after only 24 days as national security advisor over secret conversations with a Russian diplomat may only be the…
Pipeline Approvals Could Put A Ceiling On Gas Prices

Published 09 February 2017 | viewed 16,186 times

Two new pipelines to be built over the next 12-18 months are likely to bring down natural gas prices on the U.S. market just when…
Dubai State Oil Company Loses 10% In Turnover In Oil Price Dip

Published 06 February 2017 | viewed 6,724 times

Dubai-based state-owned Emirates National Oil Company (ENOC) has reported a nearly 10-percent year-on-year drop in turnover as a result of depressed oil prices, the company…

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