U.S. LNG Exports Make Waves Abroad, Not at Home
The first seaborne export of natural gas this week from the continental U.S. is a game changer. Coming just two months after another major milestone —the lifting of a decadeslong Continue Reading
US Shale Oil Drillers Finally Buckling as OPEC Pumps On
U.S. oil drillers are finally beginning to buckle. For more than a year, American oil producers found a way to keep pumping despite a worldwide slide in crude prices. Like Continue Reading
Baker Hughes: US Oil Drillers Cut Rigs For 10th Week In A Row
U.S. energy firms this week cut oil rigs for an 10th week in a row to the lowest levels since December 2009, data showed on Friday, as some producers focus Continue Reading
Asset sales dominate as U.S. energy sector steers clear of big deals
Distressed asset sales are likely to dominate dealmaking in the U.S. energy industry this year as volatile oil prices put executives off major acquisitions. Normally strong companies buy weaker rivals Continue Reading
U.S. Bid to Prosecute BP Staff in Gulf Oil Spill Falls Flat
A critical moment in the government’s case against Robert Kaluza, who was facing a criminal charge for his role in the 2010 BP PLC oil spill in the Gulf of Continue Reading
“There’s A Feeling Of Bits Of Ice Cracking All At Once” – This Is The ‘Big New Threat’ To Oil Prices
One week ago, we reported that even as traders were focusing on the daily headline barrage out of OPEC members discussing whether or not they would cut production (they won’t) Continue Reading
Eni Promises More Cost Cuts After Net Loss More Than Triples
Eni SpA promised more cost cuts as the recent plunge in global crude prices claimed another major oil industry casualty, tripling the Italian company’s fourth-quarter net loss. To confront the Continue Reading
Oil Set for Weekly Gain as U.S. Demand Rises Amid Producer Talks
Oil rose from its highest closing level in four weeks in New York, heading for a weekly gain amid signs that U.S. gasoline consumption strengthened and speculation that some producers Continue Reading
Oil Prices Shake Off Losses, Turn Positive on Cutback Hopes
Oil prices shook off losses Thursday and ended the day with a gain after Venezuela’s oil minister said his country would meet with other top global producers to discuss efforts Continue Reading
Oil prices fall as global glut offsets prospect of lower U.S. output
Oil futures fell more than half a dollar on Tuesday given worries rising Iranian output would deepen a global oversupply, offsetting expectations of a drop in U.S. production that had Continue Reading