What OPEC countries fear most is a followup technological revolution that will lead to a second oil boom in the U.S. and that fear is now being realized. A technological revolution spurred the U.S Read full story › Source:: Oil Voice
* Analysts don't expect big Iran export surge before 2016 or later Read full story › Source:: Reuters UK Natural Resources
SINGAPORE, July 14 (Reuters) - Oil prices dipped early on Tuesday as the market awaited an announcement on a nuclear deal between Iran and six global powers that could see an easing of sanctions against Tehran and a gradual increase of its oil exports. Read full story › Source:: Reuters UK Natural Resources
By hellenicshippingnews Speculators retreated from bullish oil bets at the fastest pace since 2012 on mounting concern that economic turmoil in Europe and Asia will prolong a supply glut. The net-long position in West Texas Intermediate crude fell 20 percent in the week ended July 7, U.S. Commodity Futures Trading Commission data show. Longs dropped […]
