Global Energy Industry News

Russian Rig Demand Changes Direction

April 18, 2016
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In 2015 Russian onshore drilling bucked global activity trends and reached record highs. Depreciation of the rouble cushioned the Russian oil industry incentivising operators to boost activity and p

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Source:: Oil Voice […]

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Shell under pressure to reduce spending

April 8, 2016
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LONDON, April 8 (Reuters) – Royal Dutch Shell is under pressure from shareholders to cut annual spending below $30 billion after buying BG Group to ensure it can maintain its dividend given the slow oil price recovery.

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Source:: Reuters UK Natural Resources […]

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UPDATE 1-Oil rises on firm US, German growth but traders warn of ongoing glut

April 8, 2016
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* Moody’s expects accelerating German growth on robust demand

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Source:: Reuters UK Natural Resources […]

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From crude glut to a balanced oil market?

April 8, 2016
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By hellenicshippingnews How long it will take the oil market to bounce back is a frequently asked question by energy investors. According to one equity analyst, the answer is looking beyond the coming months. “I think [there’s] very little visibility over the next six months,” Kris Kelley […]

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