09 Mar India’s coming oil drought will dwarf China’s shortfall

Posted at 16:26h in Global Energy Industry News

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By hellenicshippingnews Watching the development of India, there's often an assumption the country will follow China's path. For commodity exports, China “is not the only game in town,” Australia's resources minister Josh Frydenberg said in a speech last month, citing forecasts of India's burgeoning demand...

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09 Mar Crude prices move higher as investors go bargain hunting

Posted at 15:55h in Global Energy Industry News

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By hellenicshippingnews Crude prices were pushing higher on Wednesday, after reversing a downward trend seen in Asia as investors hunted for bargains following the overnight decline. Prices in Asia opened lower but regained traction later in the day as traders anticipated U.S. production data will...

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29 Feb U.S. oil production is declining, but how fast will it fall?

Posted at 16:44h in Global Energy Industry News

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By hellenicshippingnews Like Wile E. Coyote briefly floating midair after running off a cliff, U.S. shale output has been amazingly resilient as oil prices plunged. But just as the hapless cartoon character eventually succumbed to gravity, analysts now expect U.S. production to fall in a...

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29 Feb OPEC oil output slips from record on Iraqi disruption – survey

Posted at 16:44h in Global Energy Industry News

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LONDON, Feb 29 (Reuters) - OPEC oil output has fallen in February from the highest monthly level in recent history, a Reuters survey found on Monday, due to a halt in Iraq's northern exports and outages in other producers. Read full story › Source:: Reuters UK Natural...

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