 |
Louisiana Light • 5 days | 73.63 | -1.24 | -1.66% | ||
|
Bonny Light • 1 day | 71.86 | -3.57 | -4.73% | ||
|
Opec Basket • 4 days | 75.85 | -0.70 | -0.91% | ||
|
Mars US • 9 hours | 67.72 | -2.70 | -3.83% | ||
|
Gasoline • 15 mins | 2.497 | +0.014 | +0.58% |
|
Bonny Light • 1 day | 71.86 | -3.57 | -4.73% | ||
|
Girassol • 1 day | 74.65 | -3.56 | -4.55% | ||
|
Opec Basket • 4 days | 75.85 | -0.70 | -0.91% |
|
Peace Sour • 20 mins | 61.37 | -3.05 | -4.73% | ||
|
Light Sour Blend • 20 mins | 62.67 | -3.05 | -4.64% | ||
|
Syncrude Sweet Premium • 20 mins | 71.62 | -3.05 | -4.08% | ||
|
Central Alberta • 20 mins | 60.97 | -3.05 | -4.76% |
|
Eagle Ford • 4 days | 66.65 | -1.12 | -1.65% | ||
|
Oklahoma Sweet • 4 days | 66.75 | -1.00 | -1.48% | ||
|
Kansas Common • 4 days | 61.50 | -0.50 | -0.81% | ||
|
Buena Vista • 11 days | 76.40 | +1.64 | +2.19% |
Breaking News:
IEA: Renewables Installations In 2023 Soar To Levels We’ve Never Seen
The energy crisis in Europe…
Decentralized Finance Gains Ground In The GCC
Gulf Cooperation Council (GCC) countries…
Energy / Energy-General
Oil Prices Inch Higher Ahead Of Fed Meeting
Crude oil prices inched up modestly in Asian morning trade today after ending trade on Monday with yet another loss, driven by demand concern. As the latest Fed meeting begins…
When Will Kurdish Oil Exports Resume?
Kurdistan's oil export is yet to resume through the Turkish pipeline, 75 days after it was blocked following the ICC's arbitration court's decision issued on March 23, 2023,…
Brazil Gears Up To Become Fourth Largest Oil Producer
For nearly two decades, South America’s largest economy Brazil has been reaping a tremendous economic windfall from a massive oil boom that kicked off with the first offshore ultra deep-water…
Caltech’s Groundbreaking Space Solar Power Innovation
Engineers at the California Institute of Technology (Caltech) have achieved a major breakthrough in the ongoing development of space-based solar power. The university recently reported that its experimental Space…
Saudi Arabia Signs $5.6 Billion EV Deal With China
Saudi Arabia has signed an agreement worth $5.6 billion with China’s electric vehicle maker Human Horizons to design and manufacture EVs, the Saudi state news agency reports. The…
Assessing Labour’s Energy Agenda: Does It Meet UK’s Needs?
Shadow Chancellor Rachel Reeves watered down Labour’s ambitious climate pledges last week, slashing plans to invest £28bn per year in green industry. The party’s pledged Green…
U.S. Energy Infrastructure To Get A Major Bump
After years of criticism around failures in U.S. energy infrastructure, progress is finally being seen with the approval of the development of several major new transmission lines across the country.…
Iraq Gets U.S. Approval To Clear $2.76 Billion Gas Debt To Iran
The Iran-Iraq Joint Chamber of Commerce Chairman, Yahya Al-e Eshaq, announced on June 10 that Iraq has released $2.76 billion worth of Iranian funds in gas export…
Aramco To Supply Full Crude Volumes To Asian Refiners Despite Production Cut
Saudi Aramco, the world’s largest crude oil exporter, has assured at least five North Asian refiners they would get the full crude volumes they had asked for in July, even…
Oil Prices Under Pressure Ahead Of Fed Meeting
Crude oil prices began this week with by falling further, with West Texas Intermediate slipping below $70 in pre-noon trade in Asia. Both benchmarks shed more than 1% in…
U.S. Set To Unload Oil From Seized Iranian Tanker
The United States is about to start unloading crude from a tanker allegedly used to carry Iranian oil abroad, the FT has reported, noting the move would fuel the…
Russia Tells U.S. Not To Lecture Saudi Arabia On Oil
The United States should not tell Saudi Arabia how to manage its crude oil production, Kremlin spokesman Dmitry Peskov said on Friday. "Saudi Arabia is a sovereign state, a responsible…
U.S. Drilling Activity Continues Its Slide
The total number of total active drilling rigs in the United States fell by 1 this week, according to new data from Baker Hughes published Friday, falling by 53 over…
Labor Shortage Threatens Energy Transition Targets
Governments in Europe, the United States, Canada, and Australia have set themselves ambitious targets for a transition to a low-carbon energy system. These targets are overwhelmingly dependent on the mining…
The Oil Market Has Shifted Into A New Cycle
Saudi Production Cuts Provide Early Boost to Crude Oil Prices Monday began with a surge in U.S. WTI crude oil prices, driven by Saudi Arabia's announcement of an additional production…
Saudi Arabia's Oil Earnings Drop
1. Saudi Arabia Takes One for the Team - Saudi Arabia’s decision to unilaterally cut 1…
Tensions Between The Wagner Group And Russia's Military Mount
Energy Markets The biggest news of the week in oil markets is, of course, the newest round of OPEC+ production cuts that came out of the June 4 meeting, and…
Is The EV Charger War Over?
"Editorial demands meant that this piece was written on Thursday, before the news of GMs move to the NACS broke. That story, however, doesn't really change things in terms of…
The Prospect Of Weaponizing Oil Against China
U.S. Defense Department officials have been busy spreading the message that in the event of an intensified conflict with China, CENTCOM could cut off China’s oil imports by blocking oil…
Uncertainty In Oil Markets As Sentiment Swings On Mixed Signals
Uncertainty remains rife within oil markets after production cuts from Saudi Arabia were countered by economic concerns in the U.S., China, and Europe. Rumors that a U.S.-Iran deal was back…
