Global Energy Industry News

ICE proposes limit on Dubai oil futures positions in 2017

November 15, 2016
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By hellenicshippingnews Intercontinental Exchange Inc has proposed limiting the size of positions investors can hold next year when trading Dubai futures, a document issued by the exchange to its members showed. The proposed measure is aimed at securing the reliability of the contract, as trade volumes and open […]

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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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