By hellenicshippingnews As long as I can remember, no Organisation of Petroleum Exporting Countries (Opec) conference has been disregarded by the market as much as the 169th one, held in Vienna on June 2. It was a non-event as far as oil prices were concerned as Opec decided not to make any decision regarding the […]

A companys statements of Reserves and Resources gives or at least is intended to give investors a perspective on the medium to long term financial viability of the company what promise does it hol Read full story › Source:: Oil Voice       

By hellenicshippingnews A large number of clever people backed by deep-pocketed employers spend a great deal of time trying to work out where the oil price is heading, according to Tom Stevenson at Fidelity. “It's rather surprising, therefore, how wrong most of their predictions are.” According to Stevenson, most analysts generally extrapolate from the past: […]

By hellenicshippingnews Brent crude held near $50 a barrel as investors shrugged off OPEC's decision to stick to its policy of unfettered output amid signs the global market is re-balancing. Futures fell 0.5 percent in London after closing above $50 for the first time in almost seven months. While members of the Organization of Petroleum […]