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 […]
Global Energy Industry News
Oil prices edge up as Iranian exports to take time to ramp up post-deal
* Analysts don’t expect big Iran export surge before 2016 or later
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Source:: Reuters UK Natural Resources […]
Oil prices fall as Iran nuclear deal seems imminent
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 […]
Oil Bulls’ Will Broken as Roiled Economies Pose Risk to Growth
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 […]