01 Dec Obama says carbon price tag would drive innovation

Posted at 16:46h in Global Energy Industry News

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WASHINGTON, Dec 1 (Reuters) - President Barack Obama said on Tuesday the best way to drive innovation and reduce carbon emissions is "to put a price on it" but he does not expect that from the current Republican-dominated U.S. Congress. Read full story › Source:: Reuters UK...

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01 Dec West African crude exports to Asia to hit five-month high in Dec

Posted at 16:46h in Global Energy Industry News

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* 50 percent increase in cargoes to India * Murban maintenance spurs buying * Total exports highest since July http://link.reuters.com/sav75v * Strong buying fails to boost differentials to dated Brent By Libby George LONDON, Dec 1 (Reuters) - West African crude oil exports to Asia...

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26 Nov What it costs to produce a barrel of oil

Posted at 16:55h in Global Energy Industry News

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By hellenicshippingnews Everyone in the energy industry is suffering as crude oil prices have slumped. But some oil producing countries are hurting more than others. In the United Kingdom, it costs $52.50 to produce a barrel of oil — which is trading right now around...

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26 Nov U.S. oil inventories rise, crude builds for ninth week

Posted at 16:54h in Global Energy Industry News

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By hellenicshippingnews U.S. crude, gasoline and distillate inventories rose last week, as oil imports and refinery rates increased, data from the Energy Information Administration showed. Crude inventories rose 1 million barrels in the week to Nov. 20, fewer than analysts' expectations for an increase of...

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