Global Energy Industry News

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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U.S. drillers add oil rigs for 17th week in a row: Baker Hughes

May 15, 2017
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By hellenicshippingnews.. U.S. energy firms added oil rigs for a 17th week in a row, extending a 12-month drilling recovery that is expected to help boost crude production in the United States to a record high next year. Drillers added nine oil rigs in the week […]

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OPEC Still Fundamentally Misunderstands U.S. Oil Industry

May 15, 2017
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By hellenicshippingnews.. A new report from OPEC estimates that crude oil production from non-OPEC nations will increase by 950,000 barrels per day during 2017. This is a dramatic increase from last month’s estimate of a non-OPEC rise of 580,000 during the year. This […]

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Markets: Oil and stocks pick up; Dax reaches record high

May 15, 2017
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Source:: FT.com Oil and Gas […]

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