ERCE NEWS Elixir Energy Limited Release Results of Independent CBM Contingent Resources Assessment Read more
ERCE NEWS Interra Resources Limited Release Results of Qualified Person’s Report Read more
ERCE NEWS Jadestone Energy Release Results of Independent Reserves Evaluation Read more
ERCE NEWS Sacgasco Limited Release Independent Prospective Resources Assessment of the Borba Prospect, California Read more
ERCE NEWS ERCE in the News: Upstream – Energy Explored Read more

Brent and WTI Spot

World oil prices are most often referenced to the Brent Oil price in the UK or the WTI Oil price in the USA. These oil prices are determined on the futures market (electronic financial exchange) around the world. When making decisions to invest in Oil and Gas, complete Seismic Evaluation, or conduct Geology Studies and Reservoir Engineering Studies, the oil price is an important factor in determining the economic viability of projects and the expectations of the future oil price from an integral input into the capital budgeting and decision-making process.