15 May Saudi Arabia and Russia back extending oil output cuts

Posted at 10:01h in Global Energy Industry News

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Oil prices jump on pledge to do ‘whatever it takes' to reduce global stockpiles Read full story › Source:: FT.com Oil and Gas       ...

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15 May U.S. drillers add oil rigs for 17th week in a row: Baker Hughes

Posted at 10:00h in Global Energy Industry News

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By hellenicshippingnews.. U.S. energy firms added oil rigs for a 17th week in a row, extending a 12-month drilling recovery that is expected to help boost crude production in the United States to a record high next year. Drillers added nine oil rigs in the...

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15 May OPEC Still Fundamentally Misunderstands U.S. Oil Industry

Posted at 10:00h in Global Energy Industry News

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By hellenicshippingnews.. A new report from OPEC estimates that crude oil production from non-OPEC nations will increase by 950,000 barrels per day during 2017. This is a dramatic increase from last month's estimate of a non-OPEC rise of 580,000 during the year. This new, much...

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15 May Markets: Oil and stocks pick up; Dax reaches record high

Posted at 09:59h in Global Energy Industry News

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Read full story › Source:: FT.com Oil and Gas       ...

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