Global Energy Industry News

U.S. crude up 4 percent on lower stockpile bets; Brent spread narrows

September 24, 2015
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By hellenicshippingnews Oil prices rallied on Monday, with U.S crude surging more than 4 percent on signs of declining stockpiles, less drilling that could reduce future output and a jump in gasoline futures that boosted the overall petroleum complex. Global oil benchmark Brent gained 3 percent. Its […]

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Oil prices edge up as U.S. drilling declines

September 24, 2015
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* U.S. output to fall by 255,000 bpd between Q2-Q4 2015 – Goldman

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Source:: Reuters UK Natural Resources […]

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GLOBAL MARKETS-Asian shares dip on global growth concerns, U.S. selloff

September 24, 2015
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SINGAPORE, Sept 21 (Reuters) – Asian shares followed Wall Street lower on Monday after the Federal Reserve’s decision to keep interest rates at record lows raised fresh concerns about growth globally, particularly in China.

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Source:: Reuters UK Natural Resources […]

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UPDATE 1-Oil prices weak on economic concerns, OPEC target on market share

September 24, 2015
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* U.S. Fed keeps rates unchanged over concerns of global economy

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Source:: Reuters UK Natural Resources […]

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