feed: Energy Stories
Mohammad Barkindo said Thursday that oil markets are rebalancing at "an accelerating rate" and that he foresaw "no peak" for oil demand.
Oil prices slipped on Thursday as traders booked profits, but held onto most of their recent gains.
Fereidun Fesharaki chairman, FGE, says the differential that favors U.S. crude exports to Asia for now is precariously linked to Saudi policies.
Houston-based Petroleum Products & Services, Inc d/b/a Wellhead Distributors International (WDi) has emerged from Chapter 11 Bankruptcy with a Plan of Reorganization unanimously supported by all creditors and litigants. Presiding Judge Isgur agreed with the supporters of the plan citing “insurmountable evidence in support of the WDi plan,” approving it immediately. According to Alex Kiss, […]