Global Energy Industry News

U.S. oil production continues to decline, and is now below its year-ago level

March 9, 2016
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Source U.S. Energy Information Administration Petroleum Supply Monthly U.S. monthly crude oil production in December 2015 continued to decline as oil production reached its lowest level since Nov

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Source:: Oil Voice […]

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India’s coming oil drought will dwarf China’s shortfall

March 9, 2016
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By hellenicshippingnews Watching the development of India, there’s often an assumption the country will follow China’s path. For commodity exports, China “is not the only game in town,” Australia’s resources minister Josh Frydenberg said in a speech last month, citing forecasts of India’s burgeoning […]

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Crude prices move higher as investors go bargain hunting

March 9, 2016
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By hellenicshippingnews Crude prices were pushing higher on Wednesday, after reversing a downward trend seen in Asia as investors hunted for bargains following the overnight decline. Prices in Asia opened lower but regained traction later in the day as traders anticipated U.S. production data will show further […]

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U.S. oil production is declining, but how fast will it fall?

February 29, 2016
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By hellenicshippingnews Like Wile E. Coyote briefly floating midair after running off a cliff, U.S. shale output has been amazingly resilient as oil prices plunged. But just as the hapless cartoon character eventually succumbed to gravity, analysts now expect U.S. production to fall in a meaningful […]

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