Energy News | Consilience Energy Advisory Group

Oil price The oil price finished up at the end of the week the rig count showing a fall of 9 units to 431 and 8 in oil to 343 helped as did the CFTC numbers which indicated a big rise of 33m barrel

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By hellenicshippingnews Here’s a number to focus on: $50. That’s per barrel, the price of Brent crude oil at which falling prices started to hurt rather than help shares and other risky assets. Monday’s 6% fall and rebound in oil pushed equities down and back […]

By hellenicshippingnews US oil production may drop by at least 0.5-0.6mn b/d yoy (annual average) and by a further 0.5mn b/d in 2017 if oil prices failed to recover over $40/bbl prompt (or $50/bbl at the back-end of 2017 […]

By hellenicshippingnews Iran’s oil production has already surpassed 3.5 million barrels per day, the deputy oil minister said on Saturday, and the Islamic Republic is seeking to increase oil and gas exports in the coming month. “Iran’s crude oil exports will increase to 2 million […]