 |
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 • 9 hours | 72.84 | +1.43 | +2.00% | ||
|
Gasoline • 10 mins | 2.700 | -0.021 | -0.78% |
|
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 • 15 mins | 68.59 | +1.43 | +2.13% | ||
|
Light Sour Blend • 15 mins | 69.89 | +1.43 | +2.09% | ||
|
Syncrude Sweet Premium • 15 mins | 78.84 | +1.43 | +1.85% | ||
|
Central Alberta • 15 mins | 68.19 | +1.43 | +2.14% |
|
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% |
Breaking News:
Stainless Steel Remains Buyers Market As Demand Growth Flatlines
Stainless steel continues to trade…
Bearish Sentiment Keeps Traders From Going Long On Crude
Volatility is the buzzword in…
IEA Chief Warns That Europe’s Energy Market Is “Not Out Of The Woods” Yet
While natural gas prices have…
News
An Oil Production Phaseout Would Cost Canada $74 Billion
A hypothetical scenario in which Canada phases out its oil production would end up costing it some $74 billion (C$100 billion), with Alberta bearing the brunt of that blow, a…
U.S. Coal Capacity Set To Drop Dramatically By 2050
U.S. coal power generation capacity is set to drop by half between now and 2050, the Energy Information Administration has forecast, citing rising costs because of tighter emission regulation…
Power Blackouts Will Be Part Of This Summer In The U.S.
Blackouts are likely this summer in the United States, according to the North American Electric Reliability Corp. The NERC warning came late on Wednesday, calling for “shortfalls” in power supplies…
Iraq Asks Turkey To Resume Oil Flows
Iraq has officially requested that Turkey restart the pipeline responsible for sending Iraqi crude oil from the semi-autonomous Kurdistan Region to the port of Ceyhan, a statement from Iraq’s Kurdistan…
In Rare Call, Russia Seeks To Convince Western Analysts It Is Cutting Oil Output
Russian Deputy Energy Minister Pavel Sorokin sought to convince Western analysts that Russia is indeed reducing its oil production by 500,000 barrels per day as pledged earlier this year during…
Saudi Aramco Pushes Back IPO For $30B Energy Trading Unit
Saudi Aramco is reportedly planning to postpone an initial public offering (IPO) of its energy trading business in what would have been one of the largest IPOs so…
Trump Promises To "Drill, Baby, Drill" If Elected
"Drill, baby, drill" will be the first order of business for Donald Trump should he be elected president, the former president said at a Republican presidential town hall on…
France’s Top Bank To Stop Funding New Oil And Gas Fields
France’s biggest bank, BNP Paribas, said on Thursday that it would no longer provide any financing for the development of new oil and gas fields regardless of the financing…
Canadian Operators Restart Oil And Gas Production As Wildfires Subside
Major oil and gas operators in Canada’s energy-producing province of Alberta have restarted part of the production and processing facilities that were shut during the weekend as wildfires prompted an…
Nigeria’s Oil Output Is 1 Million Bpd Lower Than Its Capacity
Nigeria is producing 1 million barrels daily less than it can produce, local media reported today, citing the country’s federal government. The government cited a lack of investments, a…
China’s Faltering Economic Recovery Puts Coal Prices Under Pressure
If anyone expected China’s post-pandemic recovery to be a smooth upward curve, they must be very disappointed right now. The country’s return to business as usual has proven to be…
U.S. Inflation Slips Below 5% But Still Higher Than Fed's Target
U.S. inflation slipped below 5% in the month of April, marking the 10th straight month of declines as prices for milk, airline tickets, and new cars fell. However, U.S.…
WTI Crude Sheds 2% As Global Demand Concerns Weigh
Recession fears rose to the forefront again on Wednesday following a surprise build in U.S. crude oil inventories that has shaved over a dollar off Brent and WTI…
Wind Generates More Power Than Gas In The UK For 3 Straight Months
The UK’s growing fleet of wind turbines generated more electricity than gas-fired power stations in the first three months of this year, according to new data released by Drax. Almost…
Turkey Defers $600-Million Payment For Russian Energy To 2024
Turkey has opted to defer until 2024 as much as $600 million in payments to Russia for natural gas deliveries, anonymous sources told Reuters on Wednesday. Last week, Turkey’s…
Luxury EV Maker Lucid Reports Another Loss Despite Saudi Funding
Luxury electric vehicle maker Lucid this week reported a widening loss and revenues below estimates for the first quarter of 2023, despite receiving funding of around $2.4 billion from…
Russia Reports Attempted “Terrorist Attack” On Druzhba Oil Pipeline
Russian pipeline monopoly operator Transneft said on Wednesday that there was an attempt at a “terrorist attack” on a filling station of the Druzhba oil pipeline in Russia’s Bryansk…
Africa Needs $700 Billion In Clean Energy Investment
Africa will need financing of around $700 billion in the next decade to expand green energy development and the mining of key energy transition metals such as cobalt, copper, and…
Pakistan Wants To Pay In Chinese Yuan For Russia’s Crude Oil
Cash-strapped Pakistan hopes it can pay for future Russian crude oil deliveries in Chinese yuan, Pakistani Minister of Power, Khurram Dastgir Khan, told Bloomberg in an interview published on…
German Utility Giant Says The Energy Crisis “Is Not Over Yet”
The energy crisis is not over yet, and the situation with energy supply in Europe could deteriorate later this year, one of Germany’s top utility firms, E.On, said on Wednesday. …
