Offshore drilling rig operator Paragon Offshore PLC filed for chapter 11 bankruptcy Sunday, with an agreed turnaround plan that will reduce its debts by about $1.1 billion. A casualty of Continue Reading
During the final months of 2015, Japan’s economy contracted. Many sectors deteriorated, such as consumption, housing investment and exports. Credit Kazuhiro Nogi/Agence France-Presse — Getty Images Japan ’s economy shrank Continue Reading
Moscow has banned Ukrainian trucks from driving within Russia in retaliation of the blocking of Russian trucks in Ukraine, Russia’s transport ministry said Sunday. “The measures will be in place Continue Reading
Russia’s ruble strengthened for a second day as exporters bought the local currency to prepare for almost $15 billion of tax deadlines this month. The ruble advanced 0.6 percent to Continue Reading
A few days before German Chancellor Andrea Merkel threw the switch to power on the Wendelstein WX-7 fusion torus, Randell Mills demonstrated working version of Brilliant Light (formerly Blacklight) Power’s Continue Reading
Bubbles always burst Financial markets the world over are increasingly chaotic; either retreating or plunging. Our view remains that there’s a gigantic market crash in the coming future — one Continue Reading
“Pemex revenues are down 70% in the past 18 months. That is what Peak Oil looks like.” “Oil in the ground is wealth only on paper – you may own Continue Reading
Natural-gas prices fell Friday morning toward a seven-week low as warm weather forecasts for late February reinforce concerns about weak demand and bulging stockpiles. Futures for March delivery recently fell Continue Reading
The oil market may look crazy, but, really just take a deep breath, keep calm and carry on. Oil’s sharp rise of 12% so far today — the biggest one-day Continue Reading
Oil-futures prices on the New York Mercantile Exchange rebounded Friday on short-covering after touching a more than 12-year low the previous day. Light, sweet crude futures on Nymex for delivery Continue Reading
