MARKET WATCH: Crude oil, gas futures start August lower

The New York Mercantile Exchange September crude oil contract declined 29¢ on Aug. 1, closing at $97.88/bbl. The October contract decreased 38¢ to $96.94/bbl.

The natural gas contract for September fell 4.3¢ to a rounded $3.80/MMbtu. On the US cash market, gas at Henry Hub, La., was $3.75/MMbtu, edging up a penny.

Heating oil for September delivery fell 2.38¢ to settle at a rounded $2.87/gal. Reformulated gasoline stock for oxygenate blending for September delivery lost 5.32¢ to a rounded $2.74/gal.

The September ICE contract for Brent crude delivery dropped $1.18 to $104.84/bbl. The October contract declined $1.02 to $105.51/bbl. The ICE gas oil contract for August was down $3.50 to $883.50/tonne.

A price for the Organization of Petroleum Exporting Countries’ basket of 12 benchmark crudes was $102.90/bbl on Aug. 1, a decline of 67¢.

Related Articles

IAGC appoints new president

09/19/2014 The board of the International Association of Geophysical Contractors has reported that Ken Wells has been named as the organization’s president.

MARKET WATCH: Crude oil futures down more than $1 in New York, London

09/19/2014 The New York Mercantile Exchange October crude oil contract lost $1.35 to $93.07/bbl on Sept. 18. The November contract declined $1.22 to $91.98/bbl.

ExxonMobil ‘winding down’ Arctic well, complying with US, EU sanctions on Russia

09/19/2014 ExxonMobil Corp. released a statement that the company is complying with all US sanctions on Russia after news reports that the operator had halted...

ExxonMobil, Linn to make second asset exchange this year

09/19/2014 ExxonMobil Corp. has agreed to trade interest in 500 net acres from South Belridge field near Bakersfield, Calif., to Linn Energy LLC, Houston, in ...

Careers at TOTAL

Careers at TOTAL - Videos

More than 600 job openings are now online, watch videos and learn more!

 

Click Here to Watch

Other Oil & Gas Industry Jobs

Search More Job Listings >>
Stay Connected