Global Energy Industry News

China is hoarding cheap oil in a fleet of supertankers

June 5, 2015
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The world’s second-largest economy become the top oil importer in April. The key reason? China is taking advantage of cheap oil to boost its strategic reserves.

“They’ve been building out strategic storage. The goal is to build out to about 500 million barrels, compared to […]

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Pantheon Resources with the CEO Jay Cheatham

June 2, 2015
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Updated interview with Pantheon Resources with the CEO Jay Cheatham and hosted by the number one oil analyst in London, Malcolm Graham-Wood of Malcysblog fame

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Source: www.tiptv.co.uk

 

&nbsp […]

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The Tanker Market Is Sending a Big Warning to Oil Bulls

May 29, 2015
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Four months into oil’s rebound from a six-year low, the tanker market is sending a clear signal that the rally is under threat.
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Source: http://www.hellenicshippingnews.com

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OPEC sees rivals boosting oil output despite weak prices

May 28, 2015
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LONDON, May 28 (Reuters) – The North American oil boom is proving resilient despite low oil prices, producer group OPEC said in its biggest and most detailed report this year, suggesting the global oil glut could persist for another two years.

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Source:: Reuters UK Natural Resources […]

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