Global Energy Industry News

Stable oil market vital for India, says Opec

December 6, 2016
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By hellenicshippingnews On a day when the crude prices touched a 16-month-high of $55 a barrel fuelled by the decision to cut production by the Organization of the Petroleum Exporting Countries (Opec), the oil producers body Monday stated that a higher stable oil market, which will […]

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Oil dips as OPEC, Russian output rises ahead of production cut

December 6, 2016
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By hellenicshippingnews Oil prices slipped on Tuesday as crude output rose in virtually every major export region despite plans by OPEC and Russia to cut production, triggering fears that a fuel glut that has dogged markets for over two years might last well into 2017. International Brent crude […]

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‘Big elephant in room’ at OPEC meeting was US shale: Pro

December 1, 2016
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Chris Weafer, senior partner at Macro-Advisory Ltd, talks about the price of oil and where it’s heading, when commenting on Russia’s involvement in the market. Read full story ›

Source:: CNBC energy […]

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Here’s how to trade the OPEC deal: Strategist

December 1, 2016
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There may be further upside potential in the oil story, says a chief investment officer at Credit Suisse. Read full story ›

Source:: CNBC energy […]

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