Global Energy Industry News

Oil firms may retain clear-up costs for hard-to-sell N. Sea assets

July 21, 2015
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LONDON, July 21 (Reuters) – Oil firms trying to sell ageing North Sea oilfields are considering shouldering hundreds of millions of dollars in future dismantling costs to help find buyers, industry sources say.

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Source:: Reuters UK Natural Resources […]

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Oil prices rise in early Asian trade

July 17, 2015
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TOKYO, July 17 (Reuters) – Oil prices rose slightly on Friday in thin trade in Asia, underpinned by a power outage at Britain’s largest oilfield, though risks of oversupply following the Iranian nuclear deal and mixed economic data held back prices.

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Source:: Reuters UK Natural […]

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The Multi-Trillion Dollar Oil Market Swindle

July 16, 2015
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In the past I documented the overstatements by both the IEA and EIA in 2014 2015 in terms of supply inventory and understatements of demand. Others also noticed these distortions and whether inte

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Source:: Oil Voice
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Oil prices rise after U.S. stock draw, high refinery demand

July 16, 2015
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SINGAPORE, July 16 (Reuters) – Oil prices rose on Thursday morning after data showed that U.S. crude inventories dropped and refinery demand was high.

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Source:: Reuters UK Natural Resources […]

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