Euronav to Buy Gener8 to Create Oil-Tanker Giant
Euronav tanker Takata of the French coast last year Euronav NV said Thursday that it is buying rival Gener8 Maritime Inc., an all-share deal worth about $500 million expected to Continue Reading
Germany’s Oil And Gas Use Rises In 2017
Thanks to robust economic growth, Germany’s total primary energy consumption is expected to have increased by 0.8 percent this year, with oil and natural gas share rising and nuclear and Continue Reading
Forties Pipeline System Repairs Scheduled to Complete by Christmas
Repair work on the Forties Pipeline System is scheduled to complete around Christmas based on current estimates. Ineos revealed Thursday that repair work on the Forties Pipeline System (FPS) is Continue Reading
UK solar photovoltaic capacity at end of Nov up 7.7% on year to 12,642 MW
The UK’s installed solar photovoltaic capacity at the end of November was up 7.7%, or 902 MW, year on year to 12,642 MW across 935,120 installations, the Department for Business, Continue Reading
Oil Edges Higher On Large Inventory Draw
The outages at the BP Forties Pipeline System is supporting oil prices. Oil prices edged higher on Wednesday, after U.S. government data showed a larger-than-expected drop in U.S. stockpiles. Light, Continue Reading
Oil Climbs After Surprise Drop in Industry Tally of U.S. Supply
Buyers draining American storage points to tighter market Traders awaiting weekly U.S. government count on Wednesday Crude rose in after-hours trading because an oil-industry assessment was said to show a Continue Reading
A march toward balance gives oil prices a lift
Expectations that crude oil inventories in the United States, the world’s leading economy, continued to drop and sent oil prices higher in Wednesday trading. Traders are watching the level of Continue Reading
Saudi energy minister: Premature to discuss changes in OPEC-led pact
Saudi Arabia’s energy minister said it is premature to discuss any changes to the OPEC-led supply cut pact as market rebalancing is unlikely to happen until the second half of Continue Reading
Oil Prices in 2018: Once Again It’s All About U.S. Shale Output
Brent to average $60, WTI seen at about $55 in 2018: survey Shale growth seen as wild card where analysts’ outlooks differ The direction of oil prices in 2018 will Continue Reading
The Dire Consequences Of An Oil Price Spike
At its core, the swindle is this: The shale industry’s oil production forecasts are vastly overstated. Swindle: Noun – A fraudulent scheme or action. And the swindle is not just Continue Reading