Oman crude rises to biggest premium over Dubai in a year on Chinese demand

By hellenicshippingnews Oman crude prices have risen to their biggest premium over benchmark Dubai crude in a year on the back of strong buying from Chinese refiners that has also pushed up premiums of grades such as Russia's ESPO blend in recent months. Platts on Monday assessed front-month April cash Oman at a premium of $1.15/b over ... Read full story ›

Source:: Hellenic shipping news Oil

      

U.K. North Sea Oil Spending to Drop 40% This Year From 2014

By hellenicshippingnews Oil and natural gas producers in the U.K. North Sea will spend 40 percent less this year than in 2014 as low crude prices force them to tighten budgets, the industry's lobby group said Tuesday. The drop in spending could threaten future production, Oil & Gas U.K. said in a report, potentially halving it by 2025 ... Read full story ›

Source:: Hellenic shipping news Oil

      

The Oil Price Challenge - An Opportunity to get Creative

Low oil prices could lead to an investment drought The sudden and dramatic plunge in global oil prices determined mainly by supply demand and partly by expectation has also been compounded by pocket

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Source:: Oil Voice

      

For OPEC, Path From Oil Freeze to Output Cuts Is Far From Clear

By hellenicshippingnews Saudi Arabia said its accord with Russia to cap oil production was “the beginning of a process,” but the path from a freeze to the output cuts needed to eliminate a global surplus is far from clear. When Saudi Oil Minister Ali al-Naimi hinted that the agreement in Doha was a prelude to “other steps,” ... Read full story ›

Source:: Hellenic shipping news Oil