U.S. shale oil output to double by 2035: BP

By hellenicshippingnews U.S. shale oil production will double over the next 20 years as drillers that became more efficient amid a slump in oil prices unlock new resources, British energy giant BP said. In its industry benchmark 2035 Energy Outlook, BP forecast global demand for energy to increase by 34 percent, driven by growth in the world ... Read full story ›

Source:: Hellenic shipping news Oil

      

Analysis: Brent’s premium to Dubai begins to slip after a four-month rally

By hellenicshippingnews Analysis: Brent's premium to Dubai begins to slip after a four-month rally After pushing Brent crude to a steep premium over Dubai crude prices in recent months, naphtha cracks are now bringing the two global oil benchmarks closer together, potentially reopening the arbitrage window into Asia. A plunge in naphtha cracks in recent weeks is ... Read full story ›

Source:: Hellenic shipping news Oil

      

Cancellation of Iran oil contracts' presentation signals infighting

ANKARA/DUBAI, Feb 11 (Reuters) - Iran's cancellation of a conference when it had been due to unveil investment contracts to international oil firms signals that political feuding is disrupting plans to revive its energy sector.

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Source:: Reuters UK Natural Resources

      

Oil crash could kill Exxon’s perfect AAA rating

By hellenicshippingnews Only three American companies can brag of a higher credit rating than the United States government: ExxonMobil, Microsoft and Johnson & Johnson. Soon that elite group could shrink to just two. Standard & Poor's threatened on Tuesday to strip Exxon (XOM) of its perfect AAA credit rating. The ratings company placed Exxon on a negative ... Read full story ›

Source:: Hellenic shipping news Oil

      

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