Global Energy Industry News

By hellenicshippingnews Oil production from the Organization of the Petroleum Exporting Countries (OPEC) totaled 31.4 million barrels per day (b/d) in July, up 120,000 b/d from the June level of 31.28 million b/d, a Platts survey of OPEC and oil industry officials […]

The Panama Canal Authority (PCA) implements draught restrictions in the Canal due to the “El Nino” effect. The measures enter into force on 8 September 2015. The PCA issued their Advisory to Shipping No. A-24-2015 outlining the measures, on 7 August 2015

Read full story ›

Source […]

By hellenicshippingnews Many oil companies had trimmed their budgets heading into 2015 to deal with lower oil prices. But the rebound in April and May to $60 per barrel from the mid-$40s suggested that the severe drop was merely temporary. But the collapse of prices in July […]

LONDON, Aug 6 (Reuters) – Low crude prices and strong demand for gasoline are creating near-perfect conditions for oil refineries across the United States, especially those geared towards maximising gasoline production.

Read full story ›

Source:: Reuters UK Natural Resources […]