Simon Flowers at Wood Mackenzie discusses how India will deal with potentially higher oil prices. Read full story › Source:: CNBC energy       

By hellenicshippingnews On a day when the crude prices touched a 16-month-high of $55 a barrel fuelled by the decision to cut production by the Organization of the Petroleum Exporting Countries (Opec), the oil producers body Monday stated that a higher stable oil market, which will be the result of recent output cut, is vital […]

By hellenicshippingnews Oil prices slipped on Tuesday as crude output rose in virtually every major export region despite plans by OPEC and Russia to cut production, triggering fears that a fuel glut that has dogged markets for over two years might last well into 2017. International Brent crude oil futures were trading at $54.64 (42.85 […]

Chris Weafer, senior partner at Macro-Advisory Ltd, talks about the price of oil and where it's heading, when commenting on Russia's involvement in the market. Read full story › Source:: CNBC energy