By hellenicshippingnews Oil futures soared for the second day in a row on Friday, ending at a three-week high as investors continued to cover short positions after Saudi Arabia's oil minister hinted that the kingdom could be open to discussions next month aimed at stabilizing the market. Crude pared some gains after a report showed […]

Theres a famous observation that if you remember the 60s you really werent there. But if you ever waited in a gas line in the US in the 70s you remember it. And not fondly. All of the craziness Read full story › Source:: Oil Voice       

By hellenicshippingnews World tight oil production is expected to more than double between 2015 and 2040, increasing from 4.98 million barrels per day (b/d) in 2015 to 10.36 million b/d in 2040, according to the U.S. Energy Information Administration's International Energy Outlook 2016 (IEO2016) and Annual Energy Outlook 2016 (AEO2016). Most of the projected increase […]

Oil price Here we go again last time it was Doha this time Algeria is the venue for the Opec meeting that barks in the night. The market always tries to paint a bullish picture and I suppose one da Read full story › Source:: Oil Voice