Oil


Thursday, November 27, 2014
Crude Trades at Four-Year Low as OPEC Seen Resisting Supply Cuts
News

Crude Trades at Four-Year Low as OPEC Seen Resisting Supply Cuts

Brent and West Texas Intermediate crudes fell to the lowest in more than four years amid speculation that OPEC will refrain from cutting production limits at

November 27, 2014
Total Views: 14

Wednesday, November 26, 2014
offshore drilling drillship dual activity
News

Oil Bust of 1986 Reminds U.S. Drillers of Price War Risk

The last time that U.S. oil drillers got caught up in a price war orchestrated by Saudi Arabia, it ended badly for the

November 26, 2014
Total Views: 39

Monday, November 24, 2014
SocGen Cuts U.K. Gas Price Forecast as Crude Enters Bear Market
News

SocGen Cuts U.K. Gas Price Forecast as Crude Enters Bear Market

Societe Generale SA cut its U.K. natural gas price forecasts by as much as 7.3 percent as crude slumped into a bear market, helping reduce the cost of supplies

November 24, 2014
Total Views: 26

Sunday, November 23, 2014
gunvor logo
Finance

Billionaire Tornqvist Pivots to Asia Amid Gunvor Russian Retreat

Gunvor Group Ltd. is looking to Asia for the next leg of its expansion as the company loosens the Russian ties that made it the world’s fifth-biggest oil

November 23, 2014
Total Views: 129

Tuesday, November 18, 2014
crude oil terminal tanker
News

WTI Falls as Investors Weigh OPEC Decisions

West Texas Intermediate crude fell for a second day as investors weighed the likelihood of a production cut by OPEC when the group meets next week amid signs

November 18, 2014
Total Views: 22

Wednesday, November 12, 2014
Nils S. Andersen maersk
Shipping News

Oil at $80 a Great Price for Maersk CEO With Room to Cut

Nils Smedegaard Andersen, the chief executive officer of A.P. Moeller-Maersk A/S, says today’s oil price isn’t a problem for companies with the scope to

November 12, 2014
Total Views: 30

oil tank silhouette
News

U.S. Shale Boom Masks Threats to World Oil Supply

“The global energy system is in danger of falling short of the hopes and expectations placed upon

November 12, 2014
Total Views: 32

Sunday, November 9, 2014
oil price sinking crude falling
News

Oil Services Firms Squeezed Hard as Energy Majors Reduce Capital Spend

By Lionel Laurent and Blaise Robinson LONDON/PARIS, Nov 9 (Reuters) – Belt-tightening by big energy majors faced with plunging oil prices is battering

November 9, 2014
Total Views: 26

Tuesday, November 4, 2014
vlcc tanker crude oil shipping
Shipping News

Saudis Cut Crude Prices to U.S. in December Amid Shale Boom

Saudi Arabian Oil Co. lowered the cost of its crude to the U.S., where production is the highest in three decades, deepening a selloff that sent prices to the

November 4, 2014
Total Views: 28

Wednesday, October 29, 2014
OPEC Head Says Oil Market Should Stop Panicking About Price Slump
Shipping News

OPEC Head Says Oil Market Should Stop Panicking About Price Slump

Everyone in the oil market should stop panicking because crude supply and demand will return to equilibrium, OPEC’s Secretary-General

October 29, 2014
Total Views: 30

Thursday, October 23, 2014
High-Cost Projects to Struggle at $80-$85 Crude, Oil Search Says
News

High-Cost Projects to Struggle at $80-$85 Crude, Oil Search Says

High-cost energy projects globally will struggle to stay profitable if crude oil prices stay around $80 a barrel to $85 a barrel and some proposed developments

October 23, 2014
Total Views: 42

Thursday, October 16, 2014
oil rig sunset offshore
News

Prices, Time, Expectations: The Oil Market’s Fuzzy Price Floor

How far do oil prices need to fall to curb the investment in shale production and stem the destruction of

October 16, 2014
Total Views: 34

Wednesday, October 15, 2014
Floating Storage Stalls Despite Falling Oil Prices
Uncategorized

Floating Storage Stalls Despite Falling Oil Prices

Despite falling oil prices, traders in recent weeks have booked just a few tankers to store cargoes at sea as higher freight costs outweigh any profit play for

October 15, 2014
Total Views: 39

Monday, October 13, 2014
drilling texas land rig
News

Oil Prices Continue to Fall as Output Hits Levels Not Seen Since the ’80s

West Texas Intermediate extended its rout from the lowest price in 22 months amid speculation that rising U.S. stockpiles are exacerbating a global glut

October 13, 2014
Total Views: 23

Thursday, September 25, 2014
crude oil terminal tanker
News

Texas Lawmakers Soften Over U.S. Crude Export Ban

In the oil drilling and refining heartland of Texas, the debate over U.S. crude exports is no longer a fight over whether a 40-year ban should be lifted. The

September 25, 2014
Total Views: 36

Friday, September 19, 2014
oil storage tanks
Shipping News

Kinder Morgan Builds Out Gulf Coast Logistics Hub in U.S. Oil Boom

To capitalize on a flood of domestic and Canadian crude into the U.S. Gulf Coast, logistics giant Kinder Morgan Energy Partners is spending more than $1.5

September 19, 2014
Total Views: 31

Saturday, September 6, 2014
United Kalavrvta
News

Iraq Pursues New Tack in Bid to Seize Tanker Off Texas Coast

Iraq’s Oil Ministry has asked a U.S. judge for permission to change its legal arguments in a bid to seize $100 million in Kurdish crude waiting in a tanker

September 6, 2014
Total Views: 32

Wednesday, September 3, 2014
United Kalavrvta
Uncategorized

Tanker Carrying Disputed Oil On the Move Off Texas

An oil tanker off the coast of Texas loaded with $100 million of disputed Iraqi Kurdish crude has pulled its anchor from the water and set sail for the first

September 3, 2014
Total Views: 31

Monday, September 1, 2014
United Kalavrvta
Interesting

Kurdish Oil Tanker Reappears Off Texas Still Full of Oil

A tanker carrying disputed Iraqi Kurdish crude oil reappeared on satellite tracking on Monday near Texas, days after having gone silent with a $100 million

September 1, 2014
Total Views: 69

Friday, August 29, 2014
United Kalavrvta
News

Tanker Carrying Disputed Kurdish Oil Still Off Texas – Operator

A tanker carrying 1 million barrels of disputed Kurdish oil remains off Texas, according to the vessel’s

August 29, 2014
Total Views: 47