By hellenicshippingnews The head of Iran's petroleum contracts committee Seyed Mehdi Hosseini has invited international oil companies to submit their bids in a tender for development of Iranian oil and gas fields. Hossein said the tender will be held either in June or July 2016. Ministry of Petroleum since about two years before has started […]

By hellenicshippingnews Oil prices are likely to witness limited upside even as traders look at the first quarter earnings of energy companies for hints. On Friday, Brent crude ended more than 1 per cent higher at $45.11 (Dh165) per barrel, extending gains for a third consecutive week. Brent gained more than 9 per cent in […]

Oil price The oil price finished up at the end of the week the rig count showing a fall of 9 units to 431 and 8 in oil to 343 helped as did the CFTC numbers which indicated a big rise of 33m barrel Read full story › Source:: Oil Voice       

By hellenicshippingnews Here's a number to focus on: $50. That's per barrel, the price of Brent crude oil at which falling prices started to hurt rather than help shares and other risky assets. Monday's 6% fall and rebound in oil pushed equities down and back up, once again demonstrating its importance. Brent prices rose 2.6% […]