Global Energy Industry News

Baltic Exchange succumbs to Singapore as shipping turmoil deepens

September 28, 2016
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The crisis in global shipping and a tax exodus by big Greek vessel owners have helped finally seal the fate of London’s Baltic Exchange after at least three approaches to buy it over the last six years of its near-three centuries history.

Some 95 percent of […]

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Oil Production Cap Considered Unlikely by Analysts

September 9, 2016
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By hellenicshippingnews The world’s oil cartel will soon meet to discuss capping production in a bid to boost prices, but many market watchers expect it will be all talk, no action. Analysts left their oil price forecasts largely unchanged amid a continuing glut and doubts that major […]

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One Hundred Years of Natural Gas? Not At These Prices

September 9, 2016
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One hundred years of natural gas Not at these prices. U.S. gas production is declining and shale gas output is down almost 2.5 Bcf per day. Production is decreasing while consumption and exports are

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Source:: Oil Voice […]

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Why BP’s latest deal fits China’s big gas goals

September 8, 2016
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Chinas unmitigated appetite for gas coupled with a desire to add a muchexpanded domestic supply base to its inventory of overseas gas investments help explain its latest agreement with BP. BP and

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Source:: Oil Voice […]

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