16 Dec Oil falls on U.S. supply build, expected Fed rate hike

Posted at 15:23h in Global Energy Industry News

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By hellenicshippingnews Oil fell on Wednesday on fresh evidence of growing global oversupply and as investors awaited the outcome of a U.S. Federal Reserve meeting where interest rates are likely to be raised, boosting the dollar and pressuring commodities. Brent LCOc1 was down 85 cents...

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14 Dec Why is OPEC refusing to cut oil production?

Posted at 14:57h in Global Energy Industry News

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By hellenicshippingnews Despite plummeting oil prices and a glut in global supplies, members of the Organization of the Petroleum Exporting Countries (OPEC), have decided to increase oil production levels amid growing disagreement among members over the strategy. OPEC, which provides one-third of global oil, recently...

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14 Dec Oil price, Repsol/Statoil, Petrofac, Circle Oi, President Energy, Sundry-Shell/BG-Vitol- And finally…

Posted at 14:56h in Global Energy Industry News

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Oil price Its squeaky bum time in the oil industry as the crude price has fallen every day since the Opec meeting giving the bears so much to write about. Fundamentally of course they are still corre Read full story › Source:: Oil Voice       ...

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14 Dec Wells Fargo warns of energy ‘stresses’

Posted at 14:55h in Global Energy Industry News

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Bank in talks with clients to cut borrowing limits as oil price slump hits servicers and producers Read full story › Source:: FT.com Oil and Gas       ...

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