Global Energy Industry News

Moody’s turns pessimistic about global sovereign credit outlook

November 14, 2016
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The global sovereign ratings outlook may stay negative until 2018 amid slow growth and high debt, Moody’s said Monday. Read full story ›

Source:: CNBC energy […]

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Oil pinned near three-month lows as gloom grows over OPEC

November 14, 2016
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By hellenicshippingnews Oil held steady around three-month lows on Monday, as the prospect of another year of oversupply and weak prices overshadowed chances that OPEC will reach a deal to cut output. Donald Trump’s surprise victory in last week’s U.S. presidential election has boosted […]

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Trump’s policies can scale up oil market volatility

November 14, 2016
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By hellenicshippingnews When the final result of the US elections was announced and Donald Trump won, markets around the world went into a tailspin where commodities and stock markets fell precipitously. But the market meltdown soon fizzled out and prices recovered to near previous levels regardless of the […]

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OPEC output curbs could be undone by China slowing crude storage: Russell

November 10, 2016
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By hellenicshippingnews The sharp drop in China’s crude oil imports in October can be ascribed to a combination of factors, but one of them should be a red flag to OPEC, threatening the success of any deal to curb production. Crude imports slumped to 6.78 million […]

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