Global Energy Industry News

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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Russia’s rising oil exports expose holes in output deal

March 24, 2016
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MOSCOW, March 24 (Reuters) – Russia will export more oil to Europe in April than it has in any month since 2013 – despite Moscow’s plan to sign a global agreement on freezing production in a bid to lift the price of crude.

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Source:: Reuters UK […]

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OIL PRICES EXTEND LOSSES, BRENT CRUDE FALLS $1, AS DOLLAR STRENGTHENS AND U.S. STOCK FUTURES WEAKEN

March 24, 2016
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OIL PRICES EXTEND LOSSES, BRENT CRUDE FALLS $1, AS DOLLAR STRENGTHENS AND U.S. STOCK FUTURES WEAKEN

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Source:: Reuters UK Natural Resources […]

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Iran’s oil storage struggle holds back exports to Europe

March 24, 2016
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LONDON, March 24 (Reuters) – Iranian oil flows to Europe have begun to pick up from a slow start after sanctions were lifted in January, but trading sources say a lack of access to storage part-owned by Tehran’s Gulf Arab rivals now looms large on a list […]

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