Global Energy Industry News

The only certainty in oil is more uncertainty

November 7, 2016
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By hellenicshippingnews Oil registered the biggest weekly loss in almost 10 months as hopes faded that Opec will be able to implement a promised deal to cut production and ease global oversupplies. Once prices stop climbing, they (most often) correct. With little clarity about specific production cuts, prices […]

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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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