Global Energy Industry News

Is OPEC Losing Its Power? US Oil Frackers Flex Production Muscles

October 15, 2015
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By hellenicshippingnews There was a time when OPEC set the rules in the oil market and exercised its power to cut production and reverse a slide in oil prices. Then came fracking — a technology, which allowed oil to be extracted from places it could never have been imagined […]

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The tangle of loose lending to tight oil

October 15, 2015
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Big US lenders have admitted they are setting money aside to cover losses on fossil fuel loans Read full story ›

Source:: FT.com Oil and Gas […]

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OPEC Sees U.S. Oil Output Dropping Next Year

October 13, 2015
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By hellenicshippingnews U.S. oil output will decline in 2016 for the first time in eight years as producers slash spending, the Organization of the Petroleum Exporting Countries said, while the producer group continues pumping at high levels. In its closely watched monthly oil market report, OPEC slashed […]

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BP: New economics of oil

October 13, 2015
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Executive summary of speech by Spencer Dale BP Group Chief Economist at the Society of Business Economists Annual Conference LondonAs economists our analysis and interpretation of oil markets are

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Source:: Oil Voice […]

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