Global Energy Industry News

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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Oil prices mixed after big rally, range-bound trading seen

October 30, 2015
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By hellenicshippingnews U.S. crude rose slightly while Brent dipped on Thursday, as traders tried to discern the oil market’s direction a day after prices rallied the most in two months even as supplies kept growing. U.S. crude gained almost 2 percent early in the session […]

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China gets back to buying West African crude in Nov

October 30, 2015
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* Exports to China back to 918,000 bpd * Total exports to Asia rebound to highest since August * India buys less, Nigerian crude hit most By Libby George LONDON, Oct 30 (Reuters) – China’s loadings of West African crude oil were set to bounce back in November from a […]

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Does the government still need to hoard crude oil?

October 30, 2015
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By hellenicshippingnews The U.S. government is getting ready to sell millions and millions of barrels of crude oil. On Wednesday, the House voted to pass a budget deal to increase the country’s borrowing limit. As part of the plan to raise funding, the budget includes a […]

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