By hellenicshippingnews A two-year battle for global oil supremacy that pit Saudi Arabia, the de facto leader of OPEC, against upstart U.S. shale producers left them both badly wounded but with each side claiming victory. The Organization of the Petroleum Exporting Countries deal last month to cut oil production has sparked a powerful rally after […]

Russia's energy industry could create a blurry line between Tillerson's interests as an oilman and as top diplomat. Read full story › Source:: CNBC energy       

By hellenicshippingnews US shale oil production should rise overall by 2,000 b/d to 4.542 million b/d in January — the first month-on-month projected overall increase since April 2015, the US Energy Information Administration said. Even so, crude production in two of the bigger domestic oil plays, the Bakken in North Dakota and Montana and the […]

If Opec and non-members cut supply, market will move into deficit, agency says Read full story › Source:: FT.com Oil and Gas