Oil prices dipped, pulled down by rising U.S. crude inventories and as markets tried to interpret Donald Trump's surprise victory. Read full story › Source:: CNBC energy       

10th November 2016 As oil prices continue to languish in the mid $40s, producers who sanctioned exploration and development plans and refiners who hedged their crude oil supply at price levels higher than today and ship owners suffering low freight rates and rising costs from environmental legislation are all feeling the pinch. So the last […]

By hellenicshippingnews Oil registered the biggest weekly loss in almost 10 months as hopes faded that Opec will be able to implement a promised deal to cut production and ease global oversupplies. Once prices stop climbing, they (most often) correct. With little clarity about specific production cuts, prices initially rose above $50 per barrel but […]

By hellenicshippingnews Oil prices were so low at the beginning of the year, that some made the argument that bottles of water were more expensive. But with OPEC pledging to curb production, a tightening of the market could happen before the year ends. Investors are more focused than ever on these potential actions, the potential […]