By hellenicshippingnews The world's largest oil companies need to change their business model to increase shareholder returns during a period of depressed crude prices, a report published by Morgan Stanley and The Boston Consulting Group said. “The days of Big Oil are by no means over, but today's environment requires a change to the model,” […]

By hellenicshippingnews The constant writing on the oil market today largely focuses on mounting global supply. That's perfectly understandable: shale oil productivity has increased 50% over the past five years, U.S. crude output is up 90% since 2008, and OPEC infighting on how to deal with the U.S. shale oil revolution is interesting discussion to […]

SINGAPORE, June 12 (Reuters) - Oil futures dipped on Thursday, with U.S. crude retreating further from a one-month peak of almost $62 a barrel earlier this week, after Saudi Arabia said it was ready to raise output further to meet strong demand. Read full story › Source:: Reuters UK Natural Resources       

Kurdistan Warns Oil Output at Risk of Collapse on Lack of Funds Oil producers in Iraqi Kurdistan will have to close operations if they don’t receive agreed export payments, according to the regional authorities. Read full story › Source: Bloomberg