28 Apr Oil prices fall more than 1 percent after Libyan oilfields restart

Posted at 15:00h in Global Energy Industry News

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By hellenicshippingnews.. Crude prices fell more than 1 percent on Thursday as the restart of two key oilfields in Libya pumped more crude into an already bloated market. U.S. gasoline futures also led the complex lower, falling to the lowest in at least eight years...

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15 Mar Brent spreads become battleground amid doubts over oil rebalancing: Kemp

Posted at 15:57h in Global Energy Industry News

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By hellenicshippingnews.. Global oil markets are gradually rebalancing, but progress has been slower and more uneven than the Organization of the Petroleum Exporting Countries and bullish hedge funds expected. OPEC as well as most commentators, crude traders and hedge funds have assumed the rebalancing of...

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15 Mar Russian oil output continues to slide in March, down 179,000 bpd from Oct – sources

Posted at 15:57h in Global Energy Industry News

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By hellenicshippingnews.. Russian oil output has continued to decline in March, reaching the level of 11.068 million barrels per day (bpd) in the first 13 days of the month, two energy industry sources told Reuters. This was down from 11.083 million bpd on March 1-5...

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15 Mar Oil demand set to ease in 2017, non-OPEC countries seen increasing production: IEA report

Posted at 15:56h in Global Energy Industry News

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Demand for oil is expected to drop in 2017, the International Energy Agency said in a report on Wednesday, raising further problems for producers as they try to ramp up prices. Read full story › Source:: CNBC energy       ...

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