Murphy Oil Cutting Jobs in Every Location as Downturn Deepens
Murphy Oil Corp. in joining U.S. producers in cutting jobs at home and abroad as a prolonged collapse in crude prices crimps cash flows. The company is reducing jobs in Continue Reading
Bloomberg climate taskforce to target financial filings
Companies should report their climate risk exposure to avoid legal issues faced by Peabody and Exxon, says lead analyst Former New York mayor and financial data baron Michael Bloomberg is Continue Reading
Rapid decline of coal use leads to drop in UK emissions
Plummeting coal use in 2015 led to a fall of 4% in the UK’s annual carbon dioxide emissions, according to government energy statistics published on Thursday. Coal is now burning Continue Reading
Russian Economy Shrank Less Than Forecast, Enduring Crash in Oil
Economy contracted 3.8% in fourth quarter after drop of 3.7% Russia’s economy shrank less than forecast in the fourth quarter, using a flexible exchange rate to ride out the collapse Continue Reading
Russia’s ESPO crude prices sink as China’s buying spree pauses
A dip in China’s appetite of Russia’s popular ESPO blend crude is driving the grade’s price sharply lower, nearly wiping out the premium it often commands over rival Middle Eastern Continue Reading
Russian Oil Output Rises to Record as Production Freeze in Doubt
Russia’s oil output set a post-Soviet high in March as the success of a proposed crude production freeze between OPEC members and other major producers appeared to be in doubt. Continue Reading
Oil Set for First Weekly Drop Since February Amid Swelling Glut
Oil headed for the first weekly decline since February as OPEC production rose and expanding U.S. stockpiles kept inventories at the highest level in more than eight decades. Futures declined Continue Reading
Oil falls as U.S. crude stocks hit record for seventh week in a row
Oil and Natural Gas Corp’s (ONGC) wells are pictured in an oil field on the outskirts of the western city of Ahmedabad, India, March 16, 2016. Oil futures fell in Continue Reading
Natural-gas prices up over 14% in March, but the gains aren’t built to last
Shutterstock Natural-gas futures ended March with a more than 14% climb — the best monthly performance in more than two years — but the commodity likely won’t enjoy its newfound Continue Reading
Oil analysts turn cautiously positive but warn rally may fade
Oil analysts have raised their average price forecasts for 2016 for the first time in 10 months, but cautioned that investor sentiment may sour short-term without solid improvement in market Continue Reading