Global Energy Industry News

Goldman Bets Europe’s Oil Stocks Will Shine as Crude Stays Murky

May 16, 2017
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By hellenicshippingnews. European oil producers’ lower capital spending will help the region’s least-loved stocks to a standout performance this year, supported by the best quarterly cash generation in six years, according to Goldman Sachs Group Inc. “All stars were aligned in the first quarter 2017,” Goldman […]

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Op-Ed: Here are the two biggest threats to rising oil prices now

May 16, 2017
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Extending oil cuts to 2018 alone won’t be enough to maintain higher oil prices, says trader Naeem Aslam. Read full story ›

Source:: CNBC energy […]

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Oil market re-balancing is here and will continue, IEA says

May 16, 2017
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The oil market has essentially reached a balance and will continue to accelerate in the near term, says the IEA. Read full story ›

Source:: CNBC energy […]

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Saudi Arabia and Russia back extending oil output cuts

May 15, 2017
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Oil prices jump on pledge to do ‘whatever it takes’ to reduce global stockpiles Read full story ›

Source:: FT.com Oil and Gas […]

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