Global Energy Industry News

UPDATE 1-Oil prices drop as Greece defaults and output soars

July 1, 2015
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* OPEC, U.S. output rises to multi-year highs (Adds U.S., OPEC production details, updates prices)

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Source:: Reuters UK Natural Resources […]

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Palantir Forward Curve – 2015 June

June 30, 2015
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Global Economy The oil price recovery slowed down this month after three consecutive months of steady price increases. As of June 15 WTI front month futures price settled at 59.53 USDbbl which is

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Source:: Oil Voice […]

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Big Oil Needs New Model to Endure $60 Crude, Morgan Stanley Says

June 30, 2015
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By hellenicshippingnews The world’s largest oil companies need to change their business model to increase shareholder returns during a period of depressed crude prices, a report published by Morgan Stanley and The Boston Consulting Group said. “The days of Big Oil are by no means over, but […]

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Rising U.S. Oil Demand in 2015 – and Beyond

June 23, 2015
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By hellenicshippingnews The constant writing on the oil market today largely focuses on mounting global supply. That’s perfectly understandable: shale oil productivity has increased 50% over the past five years, U.S. crude output is up 90% since 2008, and OPEC infighting on how to deal with […]

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