Global Energy Industry News

U.K. North Sea Oil Spending to Drop 40% This Year From 2014

February 23, 2016
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By hellenicshippingnews Oil and natural gas producers in the U.K. North Sea will spend 40 percent less this year than in 2014 as low crude prices force them to tighten budgets, the industry’s lobby group said Tuesday. The drop in spending could threaten future production, Oil […]

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The Oil Price Challenge – An Opportunity to get Creative

February 22, 2016
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Low oil prices could lead to an investment drought The sudden and dramatic plunge in global oil prices determined mainly by supply demand and partly by expectation has also been compounded by pocket

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Source:: Oil Voice […]

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For OPEC, Path From Oil Freeze to Output Cuts Is Far From Clear

February 22, 2016
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By hellenicshippingnews Saudi Arabia said its accord with Russia to cap oil production was “the beginning of a process,” but the path from a freeze to the output cuts needed to eliminate a global surplus is far from clear. When Saudi Oil Minister Ali al-Naimi hinted that […]

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COLUMN-Hedge funds turn attention to oil storage: Kemp

February 22, 2016
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LONDON, Feb 22 (Reuters) – Hedge funds have taken an increasingly nuanced position on oil prices since the start of the year, becoming more bearish towards U.S. crude but bullish towards Brent.

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Source:: Reuters UK Natural Resources […]

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