The U.S. government has objected to Swift Energy’s Co.’s (SFY) proposed sale of most of its oil and gas assets in Louisiana, saying the company can’t transfer rights to drill Continue Reading
Three major U.S. shale oil companies have slashed their 2016 capital spending plans more than expected in a bid to survive $30 a barrel oil prices, with one of them Continue Reading
Oil markets might be nearing readjustment as the pain for producers becomes overwhelming with some grades selling at below cost and products such as fuel oil fetching almost nothing, one Continue Reading
During the next eight days, independent U.S. oil explorers are expected to report 2015 losses totaling almost $14 billion, the result of the steepest price collapse in a generation. Hess Continue Reading
The price of the cheapest grade in the United Arab Emirates, of which Abu Dhabi is the capital, is 1.51 dirhams per liter ($1.55 a gallon) for January, according to the Continue Reading
Fuel historically accounts for about one-third of industry operating costs. Rob Britton, who spent two decades with American Airlines Group Inc., is unapologetic in defending the profits his former employer Continue Reading
The lowest electricity prices in more than a decade are testing the whole business model of independent power-generation companies. While most companies are thrilled when their fuel costs drop, plunging Continue Reading
With oil trading near $30 a barrel, calls for orchestrated output cuts to quell global oversupply have intensified this week. Trouble is, none of the world’s largest producers, most notably Continue Reading
Oil rose further above $30 a barrel on Tuesday, lifted by hopes that OPEC and non-OPEC producers may be edging closer to a deal to tackle one of the biggest Continue Reading
Oil prices slid Monday on concerns about weaker Chinese demand and the continued unwillingness by large producers to cut production. The U.S. oil benchmark has settled down by 5% or Continue Reading
