Global Energy Industry News

‘Volatile’ oil price hard to predict, says Shell boss

September 17, 2015
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By hellenicshippingnews Royal Dutch Shell chief executive Ben van Beurden has told the BBC a recovery in the price of oil is hard to foresee. “It is a very, very volatile business in terms of supply and demand. The oil price responds to very small mismatches between supply […]

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Brent Crude: Should It Still Be Our Global Oil Benchmark?

September 16, 2015
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By hellenicshippingnews Brent crude oil—a blend of crudes from different fields in the North Sea—is the primary benchmark for international oil prices today, serving as the price reference for roughly two-thirds of the world’s traded oil volume. Yet there are growing doubts about its […]

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US Oil Output: More Buffer Provider Than ‘Swing’ Producer

September 16, 2015
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By hellenicshippingnews As oil prices continue to stay low, conjecture on whether or not the US could be given the title of the world’s new swing producer continues to gain traction. There are fierce arguments on both sides fanned by recently published data and the hitherto stubborn […]

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Oil prices rise ahead of U.S. data, Asia weighs

September 10, 2015
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By hellenicshippingnews Oil prices edged higher on Thursday ahead of weekly U.S. stocks data, despite fresh signs of an economic slowdown in China and Japan that fueled concerns growth could be grinding to a halt. Crude prices have fallen more than 3 percent this week on persistent […]

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