Global Energy Industry News

Is Oil A Long Term Buy?

November 7, 2016
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By hellenicshippingnews Oil prices were so low at the beginning of the year, that some made the argument that bottles of water were more expensive. But with OPEC pledging to curb production, a tightening of the market could happen before the year ends. Investors are more focused than […]

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U.S. crude oil production in 2015 was the highest since 1972, but has since declined

November 7, 2016
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Source U.S. Energy Information Administration Petroleum Supply Annual U.S. field production of crude oil increased in 2015 for the seventh consecutive year reaching 9.42 million barrels per day

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Source:: Oil Voice […]

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A Western oil giant looks set to return to Iran and its huge gas fields

November 7, 2016
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Iran is expected to sign a deal with Total to develop its South Pars natural gas field, marking the return of Western oil firms to the country. Read full story ›

Source:: CNBC energy […]

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Saudi Arabia raises oil prices to Asia for December loading

November 4, 2016
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By hellenicshippingnews Saudi Aramco has raised the prices for all grades of crude it sells to Asia for December loading, two sources with knowledge of the matter said on Thursday. The December price for Saudi Arab Light crude for Asian customers rose by 90 cents a barrel from […]

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