Four months into oil’s rebound from a six-year low, the tanker market is sending a clear signal that the rally is under threat. Read full story ›  Source: http://www.hellenicshippingnews.com

LONDON, May 28 (Reuters) - The North American oil boom is proving resilient despite low oil prices, producer group OPEC said in its biggest and most detailed report this year, suggesting the global oil glut could persist for another two years. Read full story › Source:: Reuters UK Natural Resources       

By hellenicshippingnews Refinery demand for crude oil is at a record high for this time of year, just in time for the beginning of the summer driving season. U.S. production has dropped to a three-month low and the draw on inventories has increased as refineries run at more than 90% of capacity. Another indication of […]

The current recoverable volume of oil in fields and discoveries exceeds the estimated figure in 2005 and it is also presumed that more oil remains to be discovered. This is the result of the Norwegi Read full story › Source:: Oil Voice