Global Energy Industry News

China’s stock turmoil drags down remaining strong commodities

July 7, 2015
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GRAPHIC: Prices of commodities : http://link.reuters.com/xex94w

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Source:: Reuters UK Natural Resources […]

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Oil market throws cold water on US export ban push

July 6, 2015
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Lower domestic oil discount defuses politics over crude ban Read full story ›

Source:: FT.com Oil and Gas […]

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Saudi Arabia may cut most August crude OSP differentials for Asia

July 3, 2015
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By hellenicshippingnews Saudi Arabia is expected to cut its official selling price differentials for most of its crude grades loading in August for Asian buyers, reflecting a weaker Dubai market structure, lower spot differentials and a decline in refinery margins, traders said this week. A majority of traders […]

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South Korea turns to cheap spot crudes as glut grows

July 3, 2015
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By hellenicshippingnews Refiners in South Korea, the world’s fifth-largest crude oil importer, have stepped up spot purchases this year, buying at prices depressed by an oil glut as they run their plants at high rates to catch strong processing margins. With the Organization of the Petroleum […]

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