Natural Gas Rebounds as Weather Turns Colder
Natural gas rebounded to small gains in topsy-turvy trading after noon weather updates show signs that a coming cold spell could hang on in the east into next week. Futures Continue Reading
Oil Prices Continue to Fall Ahead of Data
Oil prices extended their fall on Thursday, ahead of key U.S. data expected to show a further increase in oil supplies. U.S. crude stockpiles are already near levels unseen in Continue Reading
Oil prices fall near 2003 lows on oversupply, demand worries
Oil fell on Thursday, dipping back toward 12-year lows on persistent concerns about a supply overhang and the outlook for demand. Oil futures dropped to their lowest levels since 2003 Continue Reading
As oil prices tumble, Moody’s puts 120 energy firms around the world on downward review
Rating agency Moody’s on Friday placed large parts of the global oil and gas sector on review for a downgrade, as a crash of more than 70 percent in oil Continue Reading
Forget the glut, oil enters irrational territory
World oil markets quietly breached an important barrier as they crashed nearly 30 percent to below $30 a barrel in the opening weeks of 2016, crossing the fuzzy line separating Continue Reading
Energy spending cuts may usher in recovery
The decline in oil prices has led to a steep drop in spending, which could pull markets away from the supply side and lead to recovery, Fitch Ratings said. Crude Continue Reading
World faces wave of epic debt defaults, fears central bank veteran
The next task awaiting the global authorities is how to manage debt write-offs without setting off a political storm The global financial system has become dangerously unstable and faces an Continue Reading
OPEC Splits Show at Davos as Nigeria Debates With Saudi Arabia
No OPEC Meet Unless Majority Calls for It Less than two months after OPEC nations sparred over oil policy in Vienna, they resumed the debate at Davos. Nigeria’s oil minister, Continue Reading
Stuck at sea, BP’s LNG shipment highlights Egypt’s payment struggle
BP’s diversion of a tanker of liquefied natural gas (LNG) away from Egypt due to payment issues is the first sign that the country’s currency crisis could be jeopardizing its Continue Reading
Legal uncertainties delay flow of Iranian oil to Europe
European companies and trading houses are not rushing to buy Iranian oil because of legal uncertainties over the lifting of sanctions that are likely to take weeks to clarify. A Continue Reading