By hellenicshippingnews Saudi Arabia, after years of dominating sales to China, is being challenged by Russia for supplying the world's biggest energy consuming nation. The Asian country's monthly imports from the Middle Eastern kingdom have been exceeded by purchases from its rival oil producer seven times since May 2015, customs data compiled by Bloomberg show. […]

By hellenicshippingnews For the second consecutive day US crude prices have dropped below $40 a barrel on growing concerns over global oversupply. A drop in US equities has also offset an early boost for crude prices from a weak US dollar. US West Texas Intermediate (WTI) plunged as low as $39.42 per barrel on Wednesday […]

By hellenicshippingnews S&P Global Platts, the leading independent provider of information and benchmark prices for the commodities and energy markets, announced today that it has signed an agreement to acquire PIRA Energy Group, a leader in global energy market analysis. The purchase extends S&P Global Platts' energy analytical capabilities by enhancing the Company's oil offering […]

US shale producers have shown the ability to adapt and thrive despite threats Read full story › Source:: FT.com Oil and Gas