Global Energy Industry News

05 Feb Loss-making oil fields unlikely to be shut willingly – Wood Mackenzie

Posted at 16:18h in Global Energy Industry News

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LONDON, Feb 5 (Reuters) - Even as millions of barrels of oil are pumped at a loss at current prices, only a fraction of the production has been shut, industry research group Wood Mackenzie said on Friday. Read full story › Source:: Reuters UK Natural Resources ...

05 Feb North Sea oil companies in debt spillage

Posted at 16:17h in Global Energy Industry News

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Operations in world's most expensive field are under threat Read full story › Source:: FT.com Oil and Gas ...

05 Feb U.S. running out of space to store oil

Posted at 16:17h in Global Energy Industry News

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By hellenicshippingnews America is pumping so much oil that it's running out of places to keep it all. The U.S. now has nearly 503 million barrels of commercial crude oil stockpiled, the Energy Information Administration said on Wednesday. It's the highest level of supply for...

02 Feb UPDATE 6-Oil slips towards $33 as hopes for production cut fade

Posted at 13:22h in Global Energy Industry News

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* U.S. crude stocks likely hit record last week -Reuters poll (Updates throughout, changes dateline from SINGAPORE) Read full story › Source:: Reuters UK Natural Resources ...