Global Energy Industry News

Oil demand growth could fall below 1% by 2018

November 15, 2016
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By hellenicshippingnews Impact investment firm Wermuth Asset Management (WAM), has said that regardless of whether oil prices rise around potential OPEC production-capping news, there is no long-term future for the hydrocarbon sector. Solar power is now available at $3 cent/kWh, which is equivalent to oil […]

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Global oil giants return to Iran

November 15, 2016
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By hellenicshippingnews The international relations of Iran which is known as the fourth largest oil and the second largest gas reserves in the world have undergone major change following the implementation of JCPOA, and its icy relations with other countries seems to be thawing in the years of […]

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China October crude oil output drops to lowest since May 2009

November 15, 2016
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By hellenicshippingnews China’s daily crude oil production in October fell to the lowest in more than seven years, statistics bureau data showed on Monday, as producers remain reluctant to drill new wells amid tepid oil prices and as output drops from aging wells. Oil output last month […]

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Oil prices rise on falling shale output, renewed hopes of OPEC cut

November 15, 2016
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U.S. oil prices rose, pushed higher by expectations of falling shale output and optimism that OPEC will deliver on cuts. Read full story ›

Source:: CNBC energy […]

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