Global Energy Industry News

EU finance ministers set for vague climate promises

November 5, 2015
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BRUSSELS, Nov 5 (Reuters) – European finance ministers are likely to agree on Tuesday to provide more cash to help the world adapt to global warming, which campaigners say that will be too weak for a successful outcome to the Paris talks on a new climate deal.

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Mixed signals: Weighing the fate of US shale oil supply

November 2, 2015
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By hellenicshippingnews Aside from a brief blip, oil prices have remained stubbornly below $50/b in recent weeks despite fresh concern over global demand and rising geopolitical tensions. On the supply side, the market’s gaze has gravitated to that most closely watched of oil market variables — the […]

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UPDATE 5-Oil slides on Chinese demand concerns, record Russian output

November 2, 2015
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* OPEC seen likely to stick with record production at next meeting

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Source:: Reuters UK Natural Resources […]

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BP sees technology nearly doubling world energy resources by 2050

November 2, 2015
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LONDON, Nov 2 (Reuters) – The world is no longer at risk of running out of oil or gas for decades ahead with existing technology capable of unlocking so much that global reserves would almost double by 2050 despite booming consumption, oil major BP said on Monday.

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