Global Energy Industry News

U.S. shale oil output to double by 2035: BP

February 11, 2016
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By hellenicshippingnews U.S. shale oil production will double over the next 20 years as drillers that became more efficient amid a slump in oil prices unlock new resources, British energy giant BP said. In its industry benchmark 2035 Energy Outlook, BP forecast global demand for energy to […]

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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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