Global Energy Industry News

No Oil Price Rebound on Horizon

November 4, 2016
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By hellenicshippingnews With oil prices trading near multiweek lows, analysts believe next year won’t be much better. A survey of 14 investment banks by The Wall Street Journal predicts that oil prices will stay below $60 a barrel in 2017. Last summer, many of the same banks […]

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Saudis threaten to hike oil output if Iran doesn’t play ball

November 4, 2016
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Saudi Arabia threatened to raise oil output steeply to bring prices down if Tehran refuses to limit its supply, OPEC sources say. Read full story ›

Source:: CNBC energy […]

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Weaker dollar lifts oil prices from five-week low

November 3, 2016
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Crude oil prices rose as a weaker U.S. dollar buoyed sentiment in the market, lifting prices from five-week lows. Read full story ›

Source:: CNBC energy […]

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S&P Global Platts Analysis of U.S. Energy Information Administration (EIA) Data: U.S. Crude Oil Inventories Showed Biggest Weekly Jump on Record

November 3, 2016
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U.S. crude oil stocks rose a record 14.42 million barrels last week after imports rebounded sharply while gasoline and distillate stocks declined according to Energy Information Administration EIA

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Source:: Oil Voice […]

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