Global Energy Industry News

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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North Sea oil companies in debt spillage

February 5, 2016
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Operations in world’s most expensive field are under threat Read full story ›

Source:: FT.com Oil and Gas […]

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U.S. running out of space to store oil

February 5, 2016
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By hellenicshippingnews America is pumping so much oil that it’s running out of places to keep it all. The U.S. now has nearly 503 million barrels of commercial crude oil stockpiled, the Energy Information Administration said on Wednesday. It’s the highest level of supply for […]

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UPDATE 6-Oil slips towards $33 as hopes for production cut fade

February 2, 2016
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* U.S. crude stocks likely hit record last week -Reuters poll (Updates throughout, changes dateline from SINGAPORE)

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Source:: Reuters UK Natural Resources […]

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