By hellenicshippingnews The trading arms of Royal Dutch Shell Plc and BP Plc enjoyed their best year ever in 2015, helping push the combined gross margins of oil merchants to a six-year high, according to a closely watched report. Oil traders last year “stormed ahead, thanks to low, volatile spot prices that created cash-and-carry opportunities,” […]

By hellenicshippingnews As OPEC gathers in Vienna next month to consider cutting its oil output, a lower profile event in Baghdad on the same day will signal Iraq's longer term ambition to do precisely the opposite. Nov. 30 is both the date when OPEC ministers meet in the Austrian capital and the deadline set by […]

The U.K's decent third-quarter GDP growth is good news. But uncertainty about Brexit will weigh on markets. Read full story › Source:: WSJ market news       

Norwegian oil major outlines further cuts in capital spending amid low crude prices Read full story › Source:: FT.com Oil and Gas