Global Energy Industry News

Shell proposes adding Russian oil to Brent benchmark

May 11, 2017
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By hellenicshippingnews.. Royal Dutch Shell on Wednesday urged oil pricing agency S&P Global Platts to protect the dated Brent crude benchmark from declining North Sea supply by including other grades, such as Russian Urals, in its price-setting process. The suggestion marks a shift from two […]

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France’s Engie nears $4bn sale of oil and gas assets to UK group

May 11, 2017
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Neptune deal involves US and Chinese backers, and sites from the North Sea to Algeria Read full story ›

Source:: FT.com Oil and Gas […]

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Oil prices rise on falling US crude stocks, Saudi supply cut to Asia

May 11, 2017
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Oil prices rose on Thursday as a fall in U.S. crude inventories tightened the market. Read full story ›

Source:: CNBC energy […]

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Goldman Sachs says US border tax would “blow out” Brent/WTI crude spread

May 10, 2017
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By hellenicshippingnews. Goldman Sachs commodity strategist Jeff Currie said on Wednesday if the U.S. government were to introduce a border tax adjustment on crude oil imports, the spread between Brent and U.S. futures would widen dramatically. The principal impact of a border tax adjustment would be […]

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