So far this year nearly forty North American EP companies have filed for Chapter 11 bankruptcy with expectations of more to follow. Falling oil prices have forced many debt laden shale operators to r Read full story › Source:: Oil Voice       

By hellenicshippingnews A sense of accomplishment is palpably visible at the Department of Energy (DoE) in Washington. Faced with a free fall, oil markets are in a bloodbath. Prices have plunged by 68 per cent over the last 18 months hitting a seven-year low at around $34.50 a barrel on Friday. And all this carry […]

WASHINGTON, Dec 16 (Reuters) - The United States appears on the brink of ending a four-decade-old ban on most exports of crude oil, an abrupt end to a years-long fight triggered by the domestic shale boom. Read full story › Source:: Reuters UK Natural Resources       

By hellenicshippingnews Oil fell on Wednesday on fresh evidence of growing global oversupply and as investors awaited the outcome of a U.S. Federal Reserve meeting where interest rates are likely to be raised, boosting the dollar and pressuring commodities. Brent LCOc1 was down 85 cents at $37.60 as of 1229 GMT. On Tuesday the contract […]