A worker overseas the loading of oil supplies into freight wagons at the Lukoil-Nizhegorodnefteorgsintez oil refinery. They’re both Russian, they’re both oil giants and they’re both grappling with the lowest Continue Reading
Statoil ASA and partners have cut costs to develop the giant Norwegian Johan Sverdrup oilfield by more than 10 percent as a devaluation sweeps through the offshore industry of western Continue Reading
The ruble slumped the most among emerging-market peers as investors sold the currency of the world’s biggest energy exporter amid concern Iranian crude deliveries will extend an oil-market rout. Russia Continue Reading
A little more than a year after “ Black Tuesday ,” when the ruble lost a quarter of its value in a day, the state of the Russian economy is Continue Reading
My favorite Texas oilman Jeffrey Brown is at it again. In a recent email he’s pointing out to everyone who will listen that the supposed oversupply of crude oil isn’t Continue Reading
It is far from clear whether the recent plunge in international commodity prices in general, and in oil prices in particular, will provide a boost to the U.S. economic recovery. Continue Reading
Front-month NYMEX crude settled below $30/b for the first time since December 1, 2003, as a wave of selling spread across futures and equities markets, while reports of an imminent Continue Reading
Oil prices settled below $30 a barrel on Friday for the first time in 12 years as turmoil in Chinese markets and the expected increase in Iranian crude exports added Continue Reading
`I’m not panicked. I don’t think this is a financial crisis.’ Not even the pessimists on Wall Street thought things would go so wrong so fast in 2016. For the Continue Reading
Exchange-traded funds that hold U.S. junk bonds dropped to their lowest levels since 2009 as the global growth fears that clobbered stock markets also raised doubts about whether companies’ would Continue Reading
