Global Energy Industry News

No chance of OPEC output cut, even after oil dips below $50 – Gulf delegates

January 8, 2015
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* Iran, African members criticise Saudi strategy, call for cut

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Source: Reuters UK Natural Resources […]

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OW Bunker Oil-Trading Unit at Center of Fraud Had $2.1 Billion in Sales

November 22, 2014
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Dynamic Oil Trading (Singapore) Pte, the unit of OW Bunker A/S (OW) at the center of fraud allegations, had $2.1 billion in sales from its incorporation in August 2012 to December 2013, company records show.

 

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Source: Bloomberg

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Net energy imports as share of consumption at lowest level in 29 years

October 13, 2014
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Source U.S. Energy Information Administration Monthly Energy Review Total U.S. net imports of energy as a share of energy consumption fell to their lowest level in 29 years for the first six month

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Source: Oil Voice […]

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UPDATE 1-Brent slumps below $89 to lowest since 2010 as rout extends

October 10, 2014
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* Rising supply, poor global economic outlook weigh on prices

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Source: Reuters UK Natural Resources […]

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