Chesapeake Has Bought Itself Time But Can It Survive?
The last year has been a bumpy one for Chesapeake Energy. When natural gas prices collapsed several years ago, many firms across the industry moved towards liquids as a panacea. Continue Reading
S&P Strips Exxon of Triple-A Credit Rating
Exxon Mobil Corp. was stripped Tuesday of the perfect triple-A credit rating it has held for more than six decades by Standard & Poor’s Ratings Services, a sign that the Continue Reading
Cheap oil smudges Exxon’s long-held sterling credit rating
Exxon Mobil Corp lost its top-tier credit rating from Standard & Poor’s on Tuesday – the first time in almost 70 years, as an oil price rout makes it tougher Continue Reading
BP eyes more spending cuts after 80 percent profit drop
BP said on Tuesday it could cut capital spending further after reporting an 80 percent drop in profits in the first quarter of the year, when oil prices touched a Continue Reading
BP sees balanced market by year’s end
British energy company BP says it expects its production during the second quarter will move lower and markets will return to balance by the end of the year. Photo by Continue Reading
BP Results Still Hurt by Gulf of Mexico Spill
BP is struggling to control the spiraling costs of the fatal blowout that sent a slick of oil across the Gulf of Mexico for months in 2010, disclosing on Tuesday Continue Reading
Gazprom questions price mechanisms for LNG
Russian energy company Gazprom said liberalizing the market for liquefied natural gas means contractual talks with China are under threat. Gazprom Deputy Chief Executive Officer Vitaly Markelov said counterparts at Continue Reading
Oil Rising Faster Than Ruble Bolsters Russia’s Revenue Outlook
The outlook for Russia’s earnings from oil exports is improving as the price of a barrel of crude in ruble terms rose to the highest in more than five months. Continue Reading
Oil futures rise on weaker dollar, new cash inflows
Crude oil futures rose on Tuesday, pushed up by a weaker dollar and a flood of new cash into the market, but analysts warned that fundamentals remain weak as a Continue Reading
Oil Falls on Signs of Rising Supplies
Oil prices sold off Monday after a private data forecaster reported a jump in stored supplies at the main delivery hub in the U.S. The market chopped around much of Continue Reading