By hellenicshippingnews. European oil producers' lower capital spending will help the region's least-loved stocks to a standout performance this year, supported by the best quarterly cash generation in six years, according to Goldman Sachs Group Inc. “All stars were aligned in the first quarter 2017,” Goldman analysts, including Michele Della Vigna, said in an emailed […]

Extending oil cuts to 2018 alone won't be enough to maintain higher oil prices, says trader Naeem Aslam. Read full story › Source:: CNBC energy       

The oil market has essentially reached a balance and will continue to accelerate in the near term, says the IEA. Read full story › Source:: CNBC energy       

Oil prices jump on pledge to do ‘whatever it takes' to reduce global stockpiles Read full story › Source:: FT.com Oil and Gas