Global Energy Industry News

Analysis: Brent’s premium to Dubai begins to slip after a four-month rally

February 11, 2016
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By hellenicshippingnews Analysis: Brent’s premium to Dubai begins to slip after a four-month rally After pushing Brent crude to a steep premium over Dubai crude prices in recent months, naphtha cracks are now bringing the two global oil benchmarks closer together, potentially reopening the arbitrage window […]

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Cancellation of Iran oil contracts’ presentation signals infighting

February 11, 2016
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ANKARA/DUBAI, Feb 11 (Reuters) – Iran’s cancellation of a conference when it had been due to unveil investment contracts to international oil firms signals that political feuding is disrupting plans to revive its energy sector.

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Source:: Reuters UK Natural Resources […]

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Oil crash could kill Exxon’s perfect AAA rating

February 5, 2016
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By hellenicshippingnews Only three American companies can brag of a higher credit rating than the United States government: ExxonMobil, Microsoft and Johnson & Johnson. Soon that elite group could shrink to just two. Standard & Poor’s threatened on Tuesday to strip Exxon (XOM) of its perfect AAA […]

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Loss-making oil fields unlikely to be shut willingly – Wood Mackenzie

February 5, 2016
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LONDON, Feb 5 (Reuters) – Even as millions of barrels of oil are pumped at a loss at current prices, only a fraction of the production has been shut, industry research group Wood Mackenzie said on Friday.

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Source:: Reuters UK Natural Resources […]

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