Global Energy Industry News

Asia oil refining margins hit 2015 low, Mideast supply to drag

July 2, 2015
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* Refining margins to drop 20-30 percent in Q3 -consultancies

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Source:: Reuters UK Natural Resources […]

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Remember All That Oil in Storage? Here It Comes

July 2, 2015
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By hellenicshippingnews Refineries around the world are using more crude oil. To get the cheapest supplies around, they don’t have to look any further than their own storage tanks. When a global glut of crude oil sent prices plunging to near-six-year lows in the first […]

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Chart: Oil uptrend breakout

July 1, 2015
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By hellenicshippingnews The NYMEX oil price remains bullish and could be headed for $63, technical analysis shows. It’s developed a double bottom pattern near $45 as the downtrend consolidation developed. When the height of the double bottom is measured, this value is projected above the peak of […]

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Chinese carbon market doldrums may undermine climate efforts

July 1, 2015
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* China pledges to extend emissions trading to national scheme

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Source:: Reuters UK Natural Resources […]

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