Global Energy Industry News

Canadian oil production expected to increase despite lower prices

February 25, 2016
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Source U.S. Energy Information Administration ShortTerm Energy Outlook and Statistics Canada Note Other includes condensate natural gas liquids and refinery processing gain. Despite lower crud

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Source:: Oil Voice […]

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U.S. crude down 2 pct after data shows further Cushing builds

February 25, 2016
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Feb 25 (Reuters) – U.S. crude futures were down 2 percent on Thursday, extending losses from earlier in the session, after data showing stockpiles at the Cushing, Oklahoma hub for U.S. crude deliveries having reached new record highs.

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Source:: Reuters UK Natural Resources […]

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North Sea costs drop 40 per cent but activity outlook signals urgent need for tax reform

February 23, 2016
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Oil Gas UKs 2016 Activity Survey published today 23 February reveals that while the industrys drive to improve efficiency reduce operating costs and increase production has had marked success

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Source:: Oil Voice […]

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The Saudi-Russian oil gambit has little to do with prices

February 23, 2016
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Saudi Arabia and Russia the worlds two most powerful oil producers have reached a tentative agreement to freeze oil production at its current levels. As the first deal between an OPEC and nonOPEC

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Source:: Oil Voice […]

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