Global Energy Industry News

Oil prices slide despite renewed Saudi, Russia supply vow

May 31, 2017
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Source:: FT.com Oil and Gas […]

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California Fracking Boom Set to Lift US Production to New Record

May 31, 2017
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By hellenicshippingnews. Furthermore, higher supplies from major producing areas and weak trend at overseas markets weighed on crude palm oil prices at futures trade, analysts said. On the New York Mercantile Exchange, West Texas Intermediate futures were trading down 0.3% at $49.65 a barrel. The oil […]

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Russia’s dividend regime is relaxed for those with clout

May 31, 2017
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Rosneft and Gazprom win exemptions from 50% payout rule Read full story ›

Source:: FT.com Oil and Gas […]

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Saudi’s Admit, Oil Prices No Longer In OPEC’s Control

May 31, 2017
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By hellenicshippingnews. The days when OPEC headlines can still drive the market for oil prices are waning. There power has shrunk. “The oil cartel is simply no longer a super power,” says Naeem Aslam, chief market strategist with ThinkMarkets in London. Russia and the U.S., both non […]

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