Global Energy Industry News

China Oil Race Heats Up as Russia Weakens Saudi Dominance: Chart

August 5, 2016
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By hellenicshippingnews Saudi Arabia, after years of dominating sales to China, is being challenged by Russia for supplying the world’s biggest energy consuming nation. The Asian country’s monthly imports from the Middle Eastern kingdom have been exceeded by purchases from its rival oil producer seven times […]

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Oil market enters bear territory as glut fears revive

August 5, 2016
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By hellenicshippingnews For the second consecutive day US crude prices have dropped below $40 a barrel on growing concerns over global oversupply. A drop in US equities has also offset an early boost for crude prices from a weak US dollar. US West Texas Intermediate (WTI) plunged as […]

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S&P Global Platts Acquires PIRA Energy Group

August 5, 2016
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By hellenicshippingnews S&P Global Platts, the leading independent provider of information and benchmark prices for the commodities and energy markets, announced today that it has signed an agreement to acquire PIRA Energy Group, a leader in global energy market analysis. The purchase extends S&P […]

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Survival of fittest in world of $50 oil

June 13, 2016
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US shale producers have shown the ability to adapt and thrive despite threats Read full story ›

Source:: FT.com Oil and Gas […]

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