By hellenicshippingnews Last week's Viennese waltz may have featured a little flirting between Opec members, but no firm proposals. There was no output cut, nor even a raising of the group's production ceiling to acknowledge reality. This is no surprise. What was notable were signs of adjustment to a new reality – that, after almost […]

The European Market Infrastructure Regulation does not fit the market for commodity derivatives. Yet diverse commodity players are being corseted by the regulations, which at the very least require reporting, and for larger companies require clearing or collateralisation of deals. But there are loopholes….. Read full story › Source: Petroleum Review First published in Petroleum […]

The world’s second-largest economy become the top oil importer in April. The key reason? China is taking advantage of cheap oil to boost its strategic reserves. “They’ve been building out strategic storage. The goal is to build out to about 500 million barrels, compared to the U.S. capacity of 700 million to 800 million barrels,” […]

Updated interview with Pantheon Resources with the CEO Jay Cheatham and hosted by the number one oil analyst in London, Malcolm Graham-Wood of Malcysblog fame Read full story › Source: www.tiptv.co.uk