Global Energy Industry News

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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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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