Global Energy Industry News

Higher crude prices are driving new deals in the oil patch

March 15, 2017
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More than two years after oil prices crashed, the sector is enjoying a revival thanks to a gradual rise in prices. Read full story ›

Source:: CNBC energy […]

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Oil prices drop as hedge funds head for the exit: Kemp

March 15, 2017
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By hellenicshippingnews. Hedge funds and other money managers had barely started liquidating their record bullish position in crude oil futures and options before prices tumbled on March 8. The critical question is how much more of the position will need to be liquidated before the market stabilises again […]

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Shell updates Brent oil trading terms to add Troll to benchmark

March 15, 2017
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By hellenicshippingnews. Royal Dutch Shell (RDSa.L) has updated the terms which govern Brent oil trade to allow for the addition of a fifth crude oil grade into the basket used to assess the global oil benchmark. Oil pricing agency S&P Global Platts (SPGI.N) plans […]

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OPEC’s oil production ticks down in February as Saudis cut output more deeply

March 15, 2017
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OPEC produced a combined 31.96 million barrels a day last month. Read full story ›

Source:: CNBC energy […]

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