Energy News | Consilience Energy Advisory Group

World Bank Predicts $55 Per Barrel of Oil This Year

April 28, 2017
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By hellenicshippingnews.. An annual forecast for industrial commodities is predicting an average price of $55 for a barrel of oil in 2017, increasing to $60 the following year, the World Bank said in a report. “Rising oil prices, supported by production cutbacks by Organization of the Petroleum Exporting […]

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Russia demands dividend payouts from state groups

April 28, 2017
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Putin-backed move sparks rise in shares and is aimed at plugging holes in federal budget Read full story ›

Source:: FT.com Oil and Gas […]

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Oil market heading towards balance, more draws needed – OPEC sec-gen

April 28, 2017
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By hellenicshippingnews.. OPEC Secretary-General Mohammad Barkindo said on Thursday that an overhang in global oil inventories was declining but stockpiles still needed to fall closer to the five-year industry average. “While it is evident that the market rebalancing is now moving forward and investment specifically in […]

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S&P Global Platts Analysis of U.S. Energy Information Administration (EIA) Data

April 28, 2017
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By hellenicshippingnews.. U.S. refiners processed a record amount of crude in the week ended April 21, leading to a sizable draw in crude stocks and builds in refined product inventories, Energy Information Administration data showed Wednesday. U.S. refinery utilization increased 1.2 percentage points to 94 […]

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