By hellenicshippingnews Oman crude prices have risen to their biggest premium over benchmark Dubai crude in a year on the back of strong buying from Chinese refiners that has also pushed up premiums of grades such as Russia's ESPO blend in recent months. Platts on Monday assessed front-month April cash Oman at a premium of […]

By hellenicshippingnews Oil and natural gas producers in the U.K. North Sea will spend 40 percent less this year than in 2014 as low crude prices force them to tighten budgets, the industry's lobby group said Tuesday. The drop in spending could threaten future production, Oil & Gas U.K. said in a report, potentially halving […]

Low oil prices could lead to an investment drought The sudden and dramatic plunge in global oil prices determined mainly by supply demand and partly by expectation has also been compounded by pocket Read full story › Source:: Oil Voice       

By hellenicshippingnews Saudi Arabia said its accord with Russia to cap oil production was “the beginning of a process,” but the path from a freeze to the output cuts needed to eliminate a global surplus is far from clear. When Saudi Oil Minister Ali al-Naimi hinted that the agreement in Doha was a prelude to […]