Global Energy Industry News

OPEC, Get Ready For The Second U.S. Oil Boom

July 15, 2015
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What OPEC countries fear most is a followup technological revolution that will lead to a second oil boom in the U.S. and that fear is now being realized. A technological revolution spurred the U.S

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Source:: Oil Voice […]

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Oil prices edge up as Iranian exports to take time to ramp up post-deal

July 15, 2015
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* Analysts don’t expect big Iran export surge before 2016 or later

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Source:: Reuters UK Natural Resources […]

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Oil prices fall as Iran nuclear deal seems imminent

July 14, 2015
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SINGAPORE, July 14 (Reuters) – Oil prices dipped early on Tuesday as the market awaited an announcement on a nuclear deal between Iran and six global powers that could see an easing of sanctions against Tehran and a gradual increase of its oil exports.

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Source:: Reuters […]

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Oil Bulls’ Will Broken as Roiled Economies Pose Risk to Growth

July 14, 2015
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By hellenicshippingnews Speculators retreated from bullish oil bets at the fastest pace since 2012 on mounting concern that economic turmoil in Europe and Asia will prolong a supply glut. The net-long position in West Texas Intermediate crude fell 20 percent in the week ended July 7, U […]

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