Global Energy Industry News

U.S. crude climbs on weaker dollar ahead of OPEC meeting

December 4, 2015
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SINGAPORE, Dec 4 (Reuters) – U.S. crude oil prices extended gains on Friday, buoyed by a weaker dollar, ahead a closely watched OPEC meeting that is unlikely to alter the group’s policy of maintaining high output.

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Source:: Reuters UK Natural Resources […]

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Crude oil storage and capacity have increased in Cushing, Oklahoma and U.S. Gulf Coast

December 4, 2015
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By hellenicshippingnews Commercial crude oil inventories in Cushing, Oklahoma (located in Petroleum Administration for Defense District 2) and the U.S. Gulf Coast (PADD 3) totaled a record-high 309.4 million barrels as of the week ending November 27. Based on the recently released storage capacity and […]

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Oil States Need Price Jump to Balance Budget: OPEC Reality Check

December 1, 2015
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By hellenicshippingnews If the Organization of Petroleum Exporting Countries keeps its policy of favoring market share over prices when it meets Dec. 4, most members will probably find themselves unable to balance their budgets. Oil futures have tumbled more than 25 percent since OPEC’s last meeting in […]

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Obama says carbon price tag would drive innovation

December 1, 2015
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WASHINGTON, Dec 1 (Reuters) – President Barack Obama said on Tuesday the best way to drive innovation and reduce carbon emissions is “to put a price on it” but he does not expect that from the current Republican-dominated U.S. Congress.

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Source:: Reuters UK Natural […]

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