Global Energy Industry News

Rightsizing in the oil and gas industry

September 29, 2015
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By hellenicshippingnews The slide in global crude oil prices has left a trail of casualties in its wake. Oil companies and governments that rely on the price of crude oil for profit and revenue have been hurt by plunging receipts from lower crude oil prices. For countries dependent […]

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Oil price, Gulf Keystone, Circle Oil, Providence Resources, Sefton, Sundry-Trinity- And finally…

September 29, 2015
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Oil price The oil price headed back downwards yesterday and with equity markets reacting badly to a number of economic stats that has carried over into Asia and Europe this morning. There must be som

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Source:: Oil Voice […]

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Hedge Funds Primed for Oil Rebound With Increase in Bullish Bets

September 29, 2015
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By hellenicshippingnews The momentum behind wagers on rising oil prices picked up steam as U.S. drilling slows and producers face potential credit line cuts. Money managers’ long position in West Texas Intermediate crude climbed by 6.1 percent in the week ended Sept. 22, the most since […]

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European shares led lower by Glencore, VW

September 28, 2015
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LONDON, Sept 28 (Reuters) – European shares fell on Monday, with miner Glencore seeing nearly a quarter of its value wiped out by debt concerns and carmaker Volkswagen , which has been hit by an emissions data scandal, extending losses.

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Source:: Reuters UK Natural Resources […]

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