Global Energy Industry News

Expected Jan month-on-month gain in US shale oil output first since Apr 2015: EIA

December 13, 2016
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By hellenicshippingnews US shale oil production should rise overall by 2,000 b/d to 4.542 million b/d in January — the first month-on-month projected overall increase since April 2015, the US Energy Information Administration said. Even so, crude production in two of the bigger […]

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IEA predicts oil glut will end if deal delivered

December 13, 2016
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If Opec and non-members cut supply, market will move into deficit, agency says Read full story ›

Source:: FT.com Oil and Gas […]

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Goldman Says Saudis Wrong to Rule Out U.S. Shale Oil Rebound

December 12, 2016
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By hellenicshippingnews Saudi Arabia is wrong to think that U.S. shale production won’t respond to higher oil prices in 2017, according to Goldman Sachs Group Inc. While crude may rise to over $60 a barrel if OPEC members and other nations cut production as promised, a […]

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Opec’s swan song

December 12, 2016
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Latest oil pact is last hurrah, not return to past market power Read full story ›

Source:: FT.com Oil and Gas […]

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