Oil Investors See $7.4 Billion Vanish as Dividends Are Targeted
The check is not in the mail. Bludgeoned by falling energy prices, at least a dozen oil and natural gas companies have opted to cut dividends this year to preserve Continue Reading
Natural gas expected to surpass coal in mix of fuel used for U.S. power generation in 2016
For decades, coal has been the dominant energy source for generating electricity in the United States. EIA’s Short-Term Energy Outlook (STEO) is now forecasting that 2016 will be the first Continue Reading
Stocks Climb After Fed Pares Outlook for Rate Increases
U.S. stocks rose and Treasury yields fell after Federal Reserve officials suggested interest rates could rise less this year than they previously expected. The Fed held interest rates steady Wednesday Continue Reading
White House explains Atlantic drilling move
Military interests and concerns from coastal communities were factors influencing a decision on drilling in the Atlantic Ocean, a White House spokesman said. The Interior Department revised a lease plan Continue Reading
Coal fading from U.S. energy landscape
This year will be the first time in history natural gas overtakes coal as the main source of electricity, the U.S. Energy Information Administration reports. “In EIA’s forecast, natural gas Continue Reading
Peabody shares plunge; coal producer raises bankruptcy risk
Peabody Energy Corp ( BTU.N ), the largest U.S. coal producer, may have to seek bankruptcy protection, the company said in a regulatory filing on Wednesday, citing poor economies in Continue Reading
Canada’s Liard Basin among world’s biggest shale gas plays: study
Northwest Canada’s remote Liard Basin is the world’s ninth largest shale gas resource, according to a new assessment released by Canadian regulators on Wednesday, although it may take years to Continue Reading
Analysts: Europe Has Chance to ‘Pivot West’ for Gas Supplies
Europe’s at a crossroads in terms of ensuring reliable and sufficient natural gas supplies. According to figures from BP’s Statistical Review of World Energy 2015 , nearly 45 percent of Continue Reading
Oil rises as producers announce meeting on output freeze
Pump jacks are seen at the Lukoil company owned Imilorskoye oil field, as the sun sets, outside the West Siberian city of Kogalym, Russia, January 25, 2016. Oil prices edged Continue Reading
Oil Prices Drop on Oversupply Worries
Oil prices retreated Tuesday and a month-long rally is faltering as traders return their focus to a heavy oversupply in storage. Light, sweet crude for April delivery settled down 84 Continue Reading