The oil industry crash that started at the end of 2014… … Doesn't seem to have finished yet as the jobs outlook around the world has yet to improve. There are a few exceptions and anomalies such as the difficulties in finding frack crews, or the resilience of some of the Middle Eastern countries, due to production […]

By hellenicshippingnews.. Middle East crude benchmarks rose back to 15-month highs buoyed by an overall hike in most Gulf official selling prices and as Qatar, the last country to release its official selling prices (OSPs), raised its August prices on Wednesday. QATAR *Qatar has set its August retroactive OSP for its Marine crude at $49.95 […]

By hellenicshippingnews. OPEC's analysis arm on Tuesday issued a bullish outlook in its closely watched monthly oil report, raising its forecasts of 2017 and 2018 demand for the producer group's crude on expectations of a more robust global economy. The report comes as oil ministers are mulling an extension of output cuts to maintain their […]

By hellenicshippingnews. The US has recently seen two severe weather events: Hurricane Harvey has more directly affected oil industry operations than Hurricane Irma, although the full impact of the latter remains to be seen at the time of writing. As far as Harvey is concerned, disruption to local oil markets in the US Gulf Coast […]