Global Energy Industry News

Iran Seeks to Regain Share of Oil Market Regardless of Price

July 22, 2015
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By hellenicshippingnews Iran will emphasize regaining oil sales it lost due to sanctions over helping to prop up prices once curbs that choked off the nation’s crude exports are lifted. The Persian Gulf producer plans to restore output to the level it achieved before the economic curbs […]

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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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