Global Energy Industry News

02 Nov Mixed signals: Weighing the fate of US shale oil supply

Posted at 16:49h in Global Energy Industry News

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By hellenicshippingnews Aside from a brief blip, oil prices have remained stubbornly below $50/b in recent weeks despite fresh concern over global demand and rising geopolitical tensions. On the supply side, the market's gaze has gravitated to that most closely watched of oil market variables...

02 Nov UPDATE 5-Oil slides on Chinese demand concerns, record Russian output

Posted at 16:48h in Global Energy Industry News

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* OPEC seen likely to stick with record production at next meeting Read full story › Source:: Reuters UK Natural Resources ...

02 Nov BP sees technology nearly doubling world energy resources by 2050

Posted at 16:47h in Global Energy Industry News

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LONDON, Nov 2 (Reuters) - The world is no longer at risk of running out of oil or gas for decades ahead with existing technology capable of unlocking so much that global reserves would almost double by 2050 despite booming consumption, oil major BP said...

30 Oct Oil prices mixed after big rally, range-bound trading seen

Posted at 16:31h in Global Energy Industry News

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By hellenicshippingnews U.S. crude rose slightly while Brent dipped on Thursday, as traders tried to discern the oil market's direction a day after prices rallied the most in two months even as supplies kept growing. U.S. crude gained almost 2 percent early in the session,...