By hellenicshippingnews Like Wile E. Coyote briefly floating midair after running off a cliff, U.S. shale output has been amazingly resilient as oil prices plunged. But just as the hapless cartoon character eventually succumbed to gravity, analysts now expect U.S. production to fall in a meaningful way. The number of U.S. oil rigs fell by […]

LONDON, Feb 29 (Reuters) - OPEC oil output has fallen in February from the highest monthly level in recent history, a Reuters survey found on Monday, due to a halt in Iraq's northern exports and outages in other producers. Read full story › Source:: Reuters UK Natural Resources       

* Exports to China hold close to February level * Indian buying bounces back from 13-month low By Libby George LONDON, Feb 29 (Reuters) - West African crude oil flows east are expected to stay strong in March as Chinese term buying remains elevated and several additional cargoes were booked for India, according to Reuters […]

BRENT CRUDE MOST ACTIVE FUTURES CONTRACT EXTENDS GAINS, NOW UP OVER $1 AT $36.46 A BARREL Read full story › Source:: Reuters UK Natural Resources