Global Energy Industry News

What it costs to produce a barrel of oil

November 26, 2015
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By hellenicshippingnews Everyone in the energy industry is suffering as crude oil prices have slumped. But some oil producing countries are hurting more than others. In the United Kingdom, it costs $52.50 to produce a barrel of oil — which is trading right now around $42. Oil production […]

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U.S. oil inventories rise, crude builds for ninth week

November 26, 2015
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By hellenicshippingnews U.S. crude, gasoline and distillate inventories rose last week, as oil imports and refinery rates increased, data from the Energy Information Administration showed. Crude inventories rose 1 million barrels in the week to Nov. 20, fewer than analysts’ expectations for an increase of 1.2 […]

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Consilience Webinar with CME ETR now Available Online

November 18, 2015
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Consilience, along with our associates at the CME European Trade Repository team, gave a webinar on the new REMIT regulations, which have come into force in recent months.

Liz Bossley CEO of Consilience, considers REMIT reporting obligations and how these fit in with the other EU regulations that […]

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Costs bear down on venerable Shetland oil industry

November 11, 2015
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The North Sea oil industry, particularly the Shetland region at its core, is showing the strain of low oil prices, raising questions about its viability.

The demise of the four-decade old UK industry has been predicted many times, with recent concerns centered on taxation and possible independence […]

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