Global Energy Industry News

U.S. crude stockpiles fall as imports drop, refinery rates rise: EIA

November 24, 2016
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By hellenicshippingnews U.S. crude oil stocks fell last week after three straight weeks of builds as imports dropped and refineries hiked output, while gasoline inventories rose sharply amid weak demand, U.S. Energy Information Administration data showed. Crude inventories fell 1.3 million barrels in the week […]

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Logbooks from age of exploration shed new light on size of Antarctic sea ice

November 24, 2016
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The intrepid adventures of early 20th century explorers have helped inform research into sea ice around the Antarctic. Read full story ›

Source:: CNBC energy […]

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Oil price, Sound Energy, Providence Resources, Faroe Petroleum, CEO Interview, And finally…

November 24, 2016
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Oil price A very Happy Thanksgiving to the many readers over the pond…. If I had written a blog yesterday the oil price piece might have said that the Opec technical committee had proposed that a

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Source:: Oil Voice […]

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Oil supply crunch ‘to hit in 2019’ as investment in new projects dries up

November 24, 2016
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By hellenicshippingnews An oil supply crunch could hit as soon as 2019 as investment in new projects dries up following the price crash, leading analysts have warned. Delays and cancellations of projects by cash-strapped energy giants mean the volumes of new crude production coming onstream will not […]

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