Global Energy Industry News

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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Oil may have further to fall due to oversupply-IEA

July 10, 2015
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LONDON, July 10 (Reuters) – Massive oversupply is likely to push oil prices down even further, the International Energy Agency (IEA) said on Friday, adding that the rebalancing of the market was likely to last well into 2016.

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Source:: Reuters UK Natural Resources […]

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Oil price, Premier, And finally…

July 9, 2015
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Oil price A very quick blog today partly as there is not much news out there and partly as I am headed to the smoke to see Rob Shepherd amongst others in a tubefree environment. All quiet on the t

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Source:: Oil Voice […]

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China to let independent refiners import more crude

July 9, 2015
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SINGAPORE/BEIJING, July 9 (Reuters) – China is opening its crude oil imports to buyers outside of the state-owned sector, and independent refiners could get approvals for up to 600,000 barrels per day (bpd) in shipments this year.

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Source:: Reuters UK Natural Resources […]

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