By hellenicshippingnews Norway's preliminary oil output fell in February, but was 1.5 percent above the Norwegian Petroleum Directorate's forecast for the month, the agency said on Thursday, while natural gas production fell between January and February. PRELIMINARY MONTHLY PRODUCTION Prelim Feb Final Jan Prelim Jan Oil 1.619 1.625 1.627 NGL and condensate 0.432 0.413 0.442 […]

By hellenicshippingnews The breakup of Royal Dutch Shell's and Saudi Aramco's giant U.S. refining joint venture draws a line under an often rocky relationship and allows Aramco to accelerate an ambitious public offering and Shell to push ahead with a large asset sale. The two energy giants' plan to dissolve Motiva Enterprises after a near […]

Oil group in battle to meet debt payments amid low price of crude and instability in Iraqi Kurdistan Read full story › Source:: FT.com Oil and Gas       

TOKYO, March 18 (Reuters) - U.S. oil futures flirted with new highs for 2016 on Friday, adding to strong gains the previous session as optimism grew that major producers would strike a deal to freeze output, while a more benign interest rate environment also supported prices. Read full story › Source:: Reuters UK Natural Resources […]