Shale Drilling Is on a Roll as OPEC Cuts Keep Oil Above $50

Shale wildcatters pushed ahead on the biggest surge in U.S. oil drilling since 2012 as the explorers take advantage of prices above $50 for more than two months.

Oil’s rebound above $50 in Q1 based on ‘faith than fact’

Benchmark crude oil prices will likely average $54 a barrel in the first quarter, but the rally may stall if producers don’t deliver on pledged supply cuts, a CNBC survey of strategists and forecasters showed.

Baltic Dry Index Back Above 400 Mark

The Baltic Dry Index has crossed the 400 point benchmark on Wednesday reaching 401 points, a threshold that was...

Eagle Bulk set to fly high above the oak trees

After months of wrangling, creditors and investors have finally hashed out a pre-packaged Chapter 11 bankruptcy...

Shipping firms in China struggle to keep their heads above water

Shipping firms in China have been struggling as shipping prices have hit a record low.Shipping costs for short...

An International Shipping Arbitration Court Will Be Established in Dalian

Dalian would strengthen case quality management, improve case efficiency and keep th...