Global Energy Industry News

How does Saudi Arabia Maintain its Share in Chinese Oil Market?

September 1, 2016
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By hellenicshippingnews There is no doubt that the Chinese oil market has become more competitive this year and based on the Chinese government’s statistics, Saudi Arabia holds the largest share in the Chinese market, however the amount of oil imports from Saudi Arabia decreased this year. Chinese […]

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Oil Trades Near a Three-Week Low Amid Plentiful U.S. Supplies

September 1, 2016
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By hellenicshippingnews Oil traded near the lowest close in almost three weeks in New York after U.S. government data showed crude stockpiles at the highest seasonal level in more than 20 years. Futures were little changed after falling 6.2 percent the previous three sessions. U.S […]

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OPEC oil output hits record as Gulf gains counter African losses

September 1, 2016
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By hellenicshippingnews OPEC’s oil output is likely in August to reach its highest in recent history, a Reuters survey found on Wednesday, as extra barrels from Saudi Arabia and other Gulf members make up for losses in Nigeria and Libya. Production in top OPEC exporter Saudi Arabia […]

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S&P Global Platts Analysis of U.S. Energy Information Administration (EIA) Data – EIA Data: U.S. Crude Stocks Rose as Imports Surged Ahead of Turnaround Season

September 1, 2016
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U.S. crude oil and distillate stocks rose last week though the size of the drawdown in gasoline inventories was less than expected according to Wednesdays release of Energy Information Administrati

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Source:: Oil Voice […]

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