Global Energy Industry News

* 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 are on track to […]

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 $42. Oil production […]

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 1.2 […]