Global Energy Industry News

$50 oil price may be magic number for market balance

May 31, 2017
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By hellenicshippingnews.. OPEC decided last week to extend its crude production-cut agreement because global supply hasn’t yet fallen back to its five-year average, but long-term prices at $50 a barrel may be just what the markets need to help bring back balance to the […]

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Oil prices slide despite renewed Saudi, Russia supply vow

May 31, 2017
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Source:: FT.com Oil and Gas […]

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California Fracking Boom Set to Lift US Production to New Record

May 31, 2017
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By hellenicshippingnews. Furthermore, higher supplies from major producing areas and weak trend at overseas markets weighed on crude palm oil prices at futures trade, analysts said. On the New York Mercantile Exchange, West Texas Intermediate futures were trading down 0.3% at $49.65 a barrel. The oil […]

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Russia’s dividend regime is relaxed for those with clout

May 31, 2017
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Rosneft and Gazprom win exemptions from 50% payout rule Read full story ›

Source:: FT.com Oil and Gas […]

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