 |
Louisiana Light • 2 days | 74.72 | +0.96 | +1.30% | ||
|
Bonny Light • 1 day | 77.34 | +1.00 | +1.31% | ||
|
Opec Basket • 2 days | 75.96 | +0.72 | +0.96% | ||
|
Mars US • 8 hours | 72.84 | +1.43 | +2.00% | ||
|
Gasoline • 21 mins | 2.708 | -0.013 | -0.47% |
|
Bonny Light • 1 day | 77.34 | +1.00 | +1.31% | ||
|
Girassol • 1 day | 79.35 | +0.93 | +1.19% | ||
|
Opec Basket • 2 days | 75.96 | +0.72 | +0.96% |
|
Peace Sour • 24 hours | 67.16 | +0.86 | +1.30% | ||
|
Light Sour Blend • 24 hours | 68.46 | +0.86 | +1.27% | ||
|
Syncrude Sweet Premium • 24 hours | 77.41 | +0.86 | +1.12% | ||
|
Central Alberta • 24 hours | 66.76 | +0.86 | +1.31% |
|
Eagle Ford • 2 days | 69.39 | +0.92 | +1.34% | ||
|
Oklahoma Sweet • 2 days | 69.50 | +1.00 | +1.46% | ||
|
Kansas Common • 2 days | 63.25 | +1.00 | +1.61% | ||
|
Buena Vista • 2 days | 76.15 | -1.09 | -1.41% |
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News
Global Oil Demand Hit A Record High In March
Rising demand in China and the United States sent global oil demand surging by 3 million barrels per day (bpd) in March compared to February and hitting the highest level…
Wisconsin Tribe And Michigan AG Seek Shutdown Of Line 5 Pipeline
Michigan Attorney General Dana Nessel has joined a Wisconsin Native American tribe in seeking a court injunction to shut down Enbridge’s Line 5 pipeline due to an increased risk of…
Brazil Axes Controversial Amazon Oil Project
The Brazilian environmental protection agency has refused to grant approval for a controversial offshore oil project led by state oil major Petrobras. The agency based its decision, which was celebrated…
Iran And Russia Discuss Joint Development Of Oil And Gas Fields
Iran and Russia are considering the joint development of as many as 10 oil and gas fields in Iran, media have reported following a meeting between Iranian officials and…
Pakistan Risks $18 Billion Fine For Failing To Complete Iran Gas Project
Pakistan is facing penalties of as much as $18 billion if it fails to complete a gas pipeline project it is carrying out with Iran, local media have reported.…
2.7 Million Bpd Of Crude In Alberta Under Extreme Wildfire Threat
Norwegian energy consultancy Rystad Energy has warned that nearly 2.7 million barrels per day of Alberta oil sands production is in"very high" or "extreme" wildfire danger rating zones in…
Putin Says OPEC+ Cuts Were To Maintain High Oil Prices
Russia’s President Vladimir Putin has contradicted the position by OPEC+ that its 1.2 million barrels per day production cut announced in April was intended to balance the markets, with…
Algeria’s LNG Exports Rise As Europe Races To Replace Russian Gas
Algeria’s exports of liquefied natural gas (LNG) rose in the first quarter of 2023 compared to the same period of 2022, and the North African producer booked the highest LNG…
EU Delays Key Renewable Energy Vote Over Nuclear Disagreement
Sweden, which holds the rotating EU presidency, has dropped a key vote on the bloc’s renewable energy targets from Wednesday’s agenda as member states continue to argue about the role…
BP Looks To Expand Its Biofuels Business
Supermajor BP is weighing the possibility of investing directly in feedstock crop farming and buying stakes in producers of biofuel feedstock as it is accelerating its biofuels business, Nigel Dunn,…
India Cuts Crude Oil Windfall Tax To Zero
India’s government this week slashed the windfall tax on domestically-produced crude oil to zero, effective May 16, according to a government notification cited by Reuters. In July last year,…
China Receives First Yuan-Settled LNG Cargo From UAE
China’s CNOOC reported the receipt of the first cargo of liquefied natural gas that the company paid for in Chinese yuan in the latest instance of the ongoing diversification of…
Chief Executive Of America’s Largest Oil Port Unexpectedly Resigns
The chief executive of the port of Corpus Christi in Texas, Sean Strawbridge, resigned this week with the announcement providing no reasons for the move, Reuters reported. Strawbridge took the…
Crude Shows Surprise Build But Product Inventories Slip Further
Crude oil inventories in the United rose this week by 3.69 million barrels, the American Petroleum Institute (API) data showed on Tuesday, with analysts expecting a 1.3 million barrel…
Refinery Utilization Plans Tell Story Of Strong Oil Products Demand in U.S.
U.S. crude oil refineries are planning to run at a rate of 94% utilization this quarter, according to company forecasts and analysts, Reuters said on Tuesday. U.S. total refining capacity…
QatarEnergy Awards $10B Contract For North Field South Project
QatarEnergy awarded a $10 billion contract to France’s Technip Energies and Consolidated Contractors Company, the company said on Tuesday. QatarEnergy said on Tuesday that the $10 billion project, awarded to…
Equinor Reopens Gas Field In A Boost For Exports To Europe
Norway’s energy major Equinor this week officially reopened the Njord gas field in the Norwegian Sea, aiming to more than double the field’s production and raise Norwegian gas exports to…
WTO Chief: Nigeria Can’t Rely On Oil & Gas Revenues
African OPEC producer Nigeria will have to prepare to diversify its budget revenues as oil and gas will not be its main source of revenues for much longer, according to…
Record Chinese Oil Demand Prompts IEA To Lift Global Growth Forecast
The world’s oil demand is set to rise by 2.2 million barrels per day (bpd) this year to a record 102 million bpd, the International Energy Agency (IEA) said on…
Big Oil Could Face $12 Billion Bill To Clean Up Nigerian Spills
The clean-up of oil spills in Nigeria’s oil-producing Niger Delta could cost around $12 billion, and oil majors including Shell and Eni should be held responsible for most of the…
