oil prices

By Mike Wackett (The Loadstar) – Lower bunker costs are “very welcome in an industry struggling to make a profit”, says shipping industry association

by David Wethe and Saleha Mohsin (Bloomberg) – The number of jobs gutted from oil and gas companies around the world has now passed the 250,000

  By Rakteem Katakey and Javier Blas (Bloomberg) — Royal Dutch Shell Plc reported its biggest net loss in at least 16 years after Europe’s largest

By Aibing Guo (Bloomberg) — Cnooc Ltd., China’s biggest offshore oil and gas producer, posted a 32 percent decline in third-quarter sales as a slump in

  Netherlands-based Vroon Offshore Services will be laying up 12 offshore vessels “as a direct result of the ongoing slump in offshore oil and gas

  By Christopher Jasper (Bloomberg) — Rolls-Royce Holdings Plc said it will cut another 400 jobs at its marine-engines arm as the oil-price decline

  Swedish shipowner Viking Supply Ships says that due to the continued market the company is forced to lay up three platform supply vessels. The vessels

  By John Miller ZURICH, Sept 3 (Reuters) – A ship built by the CIA for a secret Cold War mission in 1974 to raise a sunken Soviet sub

  By Javier Blas and Will Kennedy (Bloomberg) — Oil prices will remain at $40 to $60 a barrel into 2016 as rising crude supplies overwhelm demand,

  By Angelina Rascouet and Manisha Jha (Bloomberg) — Demand for oil services is rising in the Middle East even as the rout in crude prices forces

  By Saleha Mohsin (Bloomberg) — Norway’s economic growth slowed in the second quarter as plunging crude prices sap investments and drive up

  By Mark Shenk (Bloomberg) — Oil closed at the lowest level in more than six years in New York amid speculation that demand may slip as economies

Norwegian oil major Statoil has decided to suspend its contract for the semi-submersible drilling Scarabeo 5 due to overcapacity in its rig portfolio.

Marine fuel prices are set to fall further after plunging to their lowest since late 2013, with traders in Singapore, the world's largest ship refueling hub,

Brazil's state-run oil company Petrobras will likely delay details of major cuts to its $221 billion five-year spending plan until July, two sources said, when

  Two-thirds of North Sea oil and gas industry operators (67 percent) have been forced to cancel projects because of the recent fall in oil price,

ByJonathan Saul and Libby George, LONDON, (Reuters) – Physical oil is coming under pressure as trade houses unwind a profitable storage play

by Anthony Dipaola & Grant Smith (Bloomberg) Just when it looked like OPEC was winning the war with U.S. shale-oil drillers, a new front is opening up

* Millions of stranded barrels underscore glut * WAF, North Sea differentials hit multi-year lows * Elevated freight rates complicate search for buyers By

[contextly_sidebar id=”tKIDRGk6JyJchPjTJbnQHPKSp8GOZ4k4″]by Khalid Al AnsaryAnthony Dipaola (Bloomberg) Iraq, OPEC’s second-biggest oil producer,