Global Energy Industry News

U.S. crude oil hits six-and-a-half-year low on high stocks, China

August 14, 2015
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By hellenicshippingnews U.S. crude oil fell to its lowest in almost six-and-a-half years on Friday as huge stockpiles and refinery shutdowns heightened concerns about global oversupply and slowing economies in Asia. Oil had already tumbled more than 3 percent on Thursday, driven by a […]

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Oil price, Afren, And finally…

August 14, 2015
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Oil price Another bad day particularly for WTI as domestic pressures in the US are at present creating an unpleasant backdrop and the chart looks very wobbly indeed. The dollar strengthened on the b

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Source:: Oil Voice […]

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Singapore 380 CST HSFO cash differential falls to 81-month low on supply glut

August 13, 2015
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By hellenicshippingnews The cash differential for FOB Singapore 380 CST high sulfur fuel oil fell to minus $6.75/mt Wednesday, its lowest in over 81 months, due to ample supply and slow demand. The cash differential was last lower on November 4, 2008, when it was at […]

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Platts Survey: OPEC pumps 31.4 million barrels of crude oil per day in July

August 13, 2015
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By hellenicshippingnews Oil production from the Organization of the Petroleum Exporting Countries (OPEC) totaled 31.4 million barrels per day (b/d) in July, up 120,000 b/d from the June level of 31.28 million b/d, a Platts survey of OPEC and oil industry officials […]

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