Commentary: No need to exaggerate China’s economic headwinds
The Economist Intelligence Unit warned the world that China was set for a hard landing in its latest global risk analysis report, but closer inspection shows it to be a Continue Reading
Saudi Arabia leaves shale-favoring plants to Shell in Motiva split
Royal Dutch Shell Plc plans to maintain control of two refineries that can run more domestic crude, leaving a plant that runs massive volumes of Saudi Arabian oil to Saudi Continue Reading
U.S. oil drillers add one rig after 12 weeks of cuts: Baker Hughes
U.S. energy firms this week added one oil rig after 12 weeks of cuts, data showed on Friday, after oil futures have soared over 50 percent since falling to a Continue Reading
U.S. oil producer Venoco files for bankruptcy
U.S. oil and gas producer Venoco Inc [DNVRPV.UL] filed for Chapter 11 bankruptcy protection on Friday, joining more than 40 energy-related firms that have sought court protection from creditors since Continue Reading
US rig count drops 4 this week to all-time low of 476
The number of rigs exploring for oil and natural gas in the U.S. dropped 4 this week to 476, a record low and another sign of continuing price woes in Continue Reading
One Energy Industry Lifeline May Be Running Out of Steam
Energy companies that are struggling to avert bankruptcy have recently been relying on a tool to buy time called a distressed-debt exchange. That may no longer be as useful, particularly Continue Reading
US rig count, at 476, is lowest in 67 years of record-keeping: Baker Hughes
The total US rig count, which on Friday stood at 476, is now at its lowest point ever in the 67-year history of the Baker Hughes numbers, according to data Continue Reading
Baker Hughes: US Oil Drillers Add One Rig After 12 Weeks Of Cuts
U.S. energy firms this week added one oil rig after 12 weeks of cuts, data showed on Friday, after oil futures have soared over 50 percent since falling to a Continue Reading
Majority in US opposed to nuclear power: Gallup poll
Opposition in the US to nuclear energy has climbed sharply, with a majority opposed to its use for the first time since Gallup began annual polling on the subject 22 Continue Reading
Eni Plans Deeper Cost Cuts, Asset Sales to Weather Oil Plunge
Eni SpA, Italy’s largest oil producer, plans additional asset sales valued at 7 billion euros ($7.9 billion) by 2019 and deeper cost cuts as it seeks to offset the impact Continue Reading