Sabine Oil & Gas May Reject Pipeline Contracts
A federal bankruptcy judge dealt a blow to pipeline operators and other midstream oil companies Tuesday, ruling that Sabine Oil & Gas Corp. can scrap pipeline deals it made before Continue Reading
Chevron Curbs Ambitious New Projects to Shield Dividends
Chevron Corp. is putting the brakes on all but one major oil project for the foreseeable future as collapsing crude prices make most new investments unprofitable. The world’s third-biggest oil Continue Reading
Bankrupt oil company Sabine can shed pipeline contracts: court
Sabine Oil & Gas Corp won an important court ruling on Tuesday that will allow the bankrupt energy producer to shed certain pipeline contracts, potentially exposing companies that transport and Continue Reading
Russia’s Oil Dilemma, Explained
While the world focuses on Russia’s oil-freeze talks with OPEC, there are discussions behind closed doors in the Kremlin that will have a much more significant impact on the nation’s Continue Reading
Transocean delays rig work
Offshore rig company Transocean said Tuesday payments and delivery for five new drilling rigs was now delayed following an agreement with its contractor. Transocean said it made a mutual agreement Continue Reading
Oil Rally Halts Near $40 With Stockpiles Seen Rising Further
Brent oil halted gains after rising above $40 a barrel for the first time since December on estimates that U.S. stockpiles, already at the highest in eight decades, expanded further. Continue Reading
Goldman Says Commodity Rally a False Start That’s Set to Fizzle
Goldman Sachs Group Inc. predicted a rally in commodities from iron ore to gold will falter and forecast copper and aluminum prices will slide as much as 20 percent over Continue Reading
Oil edges lower after Kuwait dents hopes for output freeze
Oil prices edged lower on Tuesday after Kuwait said it would only agree to an output freeze if all major producers take part and Goldman Sachs analysts poured cold water Continue Reading
Specter Of $20 Oil Recedes As Speculators Flee Bearish Bets
Hedge funds unwound bearish bets at the fastest pace in 10 months as fear of oil sinking to $20 a barrel faded. A lot has happened since Goldman Sachs Group Continue Reading
Oil Prices Lifted by Supply Cut Hopes
Oil prices kicked off the week on the rise Monday on hopes that major producers will curtail supply and as better economic data fueled hopes of improving demand. Brent crude, Continue Reading