By hellenicshippingnews The partners in the Johan Sverdrup development have Thursday 20 August received the final approval of the Plan for Development and Operation (PDO) for Phase 1 of Johan Sverdrup from the Norwegian Ministry of Petroleum and Energy (MPE). “We are proud to be part of the Johan Sverdrup partnership and see this project […]

SINGAPORE, Aug 18 (Reuters) - Oil prices dipped again in early Asian trading on Tuesday as traders expected lower refinery consumption after the U.S. summer, while Asia's weakening economies and high global production raised concerns about oversupply. Read full story › Source:: Reuters UK Natural Resources       

* ARM helped up by positive Barclays note (Recasts, updates prices) Read full story › Source:: Reuters UK Natural Resources       

By hellenicshippingnews U.S. crude oil fell to its lowest in almost six-and-a-half years on Friday as huge stockpiles and refinery shutdowns heightened concerns about global oversupply and slowing economies in Asia. Oil had already tumbled more than 3 percent on Thursday, driven by a report that stocks at Cushing, Oklahoma, the delivery point for U.S. […]