Not even bankruptcy is stemming the U.S. coal glut. Production at coal miners that declared bankruptcy in the past four years rose 3 percent on average, through the third quarter, Continue Reading
Enterprise Product Partners LP ( EPD.N ), among the first companies to export U.S. crude after the lifting of a decades-old ban, said on Thursday that the current oil price Continue Reading
The dollar fell broadly on Thursday as a plunge in U.S. durable goods orders supported the view of weakening U.S. growth due to softer global demand, which may cause the Continue Reading
For Russia’s battered economy, 2016 already looks miserable. The ruble has slumped to record lows as oil prices have fallen 11 percent since Jan. 1, to around $30 a barrel. Continue Reading
The day we hit “peak oil” will be a definitive moment in the history of resources and energy consumption. Throughout our lifetime we have been warned of the implications of Continue Reading
Oil rose toward $34 per barrel on Thursday, hitting a three-week high and bouncing well off a 12-year low set this month, supported by the possibility that major producers may Continue Reading
Oil futures fell on Wednesday, after a surprise rise in U.S. inventories wiped out the optimism that had built up the day before over the potential for the world’s largest Continue Reading
How bad is the oil bust? Even the big believers in an inevitable rebound are hedging their bets. But wary of the sharp price declines that stung early bargain hunters, Continue Reading
The world’s biggest oil companies are asking tanker operators to slow down delivery of crude amid an ever-expanding supply glut on land, Europe’s largest owner of supertankers said. Tankers hauling Continue Reading
Glencore Plc is said to be storing oil on ships off the coast of Singapore and Malaysia as a market structure known as contango allows traders to benefit from holding Continue Reading
