Global Energy Industry News

Oil prices fall on concerns of oversupply as Libyan output recovers

August 23, 2017
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By hellenicshippingnews.. Oil prices fell on Wednesday, weighed down by concerns of oversupply as Libyan output improves and as U.S. gasoline inventories rose despite the peak summer driving season. Brent crude futures, the international benchmark for oil prices, were at $51.64 per barrel at 0721 GMT […]

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Two October surprises could boost oil prices above $50

August 23, 2017
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By hellenicshippingnews.. Oil workers conduct a drill in a petroleum well in Lagunillas at the east coast of Lake Maracaibo near Maracaibo City in Venezuela. Oil prices will remain stuck in a range near $50 a barrel unless one of two global hotspots delivers an October surprise to […]

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Abu Dhabi’s oil company to float parts of business

July 10, 2017
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State-owned Adnoc wants to boost private-sector economy Read full story ›

Source:: FT.com Oil and Gas […]

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OPEC and non-OPEC production cuts can go longer and deeper if necessary, says Russia energy minister

July 10, 2017
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OPEC and non-OPEC producers have the capacity to extend and deepen their production cuts should the oil market’s situation become even more complex, Russia’s Oil Minister Alexander Novak told CNBC on Monday. Read full story ›

Source:: CNBC energy […]

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