Energy News | Consilience Energy Advisory Group

U.S. running out of space to store oil

February 5, 2016
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By hellenicshippingnews America is pumping so much oil that it’s running out of places to keep it all. The U.S. now has nearly 503 million barrels of commercial crude oil stockpiled, the Energy Information Administration said on Wednesday. It’s the highest level of supply for […]

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UPDATE 6-Oil slips towards $33 as hopes for production cut fade

February 2, 2016
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* U.S. crude stocks likely hit record last week -Reuters poll (Updates throughout, changes dateline from SINGAPORE)

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Source:: Reuters UK Natural Resources […]

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Russian Oil Export Tariffs Drop by Third in February

February 2, 2016
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By hellenicshippingnews The current oil export tariff stands at $52 per tonne of oil. Export duty rates for oil from Eastern Siberian, Caspian and the Arctic Prirazlomnoye oilfields was set at zero in February 2015. These zero-rate export duties will stay in place if the average oil […]

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Oil price, BP, Rockhopper/Premier, Sundry-Plexus-Premier- And finally…

February 2, 2016
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Oil price As per the blog yesterday the oil market came to its senses somewhat and got back to fundamentals. So poor Chinese data increased activity from Iran and doubts about a nonOpec meeting ta

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Source:: Oil Voice […]

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