Read full story › Source:: FT.com Oil and Gas       

By hellenicshippingnews. Furthermore, higher supplies from major producing areas and weak trend at overseas markets weighed on crude palm oil prices at futures trade, analysts said. On the New York Mercantile Exchange, West Texas Intermediate futures were trading down 0.3% at $49.65 a barrel. The oil for delivery in June traded lower by Rs 1.80, […]

Rosneft and Gazprom win exemptions from 50% payout rule Read full story › Source:: FT.com Oil and Gas       

By hellenicshippingnews. The days when OPEC headlines can still drive the market for oil prices are waning. There power has shrunk. “The oil cartel is simply no longer a super power,” says Naeem Aslam, chief market strategist with ThinkMarkets in London. Russia and the U.S., both non-OPEC, are driving oil prices much more these days. […]