A truck drives past pump jacks at an oil field Buzovyazovskoye owned by Bashneft company north from Ufa, Bashkortostan, Russia, July 11, 2015. The global economic slowdown has hurt millions Continue Reading
Oil prices extended their recent slide on Friday, as a deluge of oil and refined products in the market weighed heavily, keeping prices near three-month lows. Brent crude, the global Continue Reading
Surplus is harder to kill than Saudis and Goldman predicted Brimming inventories and returning supply prolong downturn The bullish spirit that gripped oil traders as industry giants from Saudi Arabia Continue Reading
Highest seasonal level of U.S. crude, fuel supplies in decades Libyan oil ports reopening after dispute settled with guards Oil was poised to enter bear market in New York with Continue Reading
A view of an oil refinery off the coast of Singapore March 14, 2008. Oil prices fell to three-month lows on Thursday as producers continued to pump more than needed, Continue Reading
Oil markets continue to debate the vagaries of how much crude and refined products are stored in big white tanks and floating carriers. The feeling is that there is too Continue Reading
Natural gas prices surged to their biggest daily gains in seven months after new data showed a historically small addition to stockpiles last week, easing fears of a glut. The Continue Reading
A natural gas flare on an oil well pad burns as the sun sets outside Watford City, North Dakota January 21, 2016. Oil’s recovering fundamentals remain fragile, with many global Continue Reading
Hess, Anadarko cite $60 mark in second-quarter earnings calls Oil companies cautious following last year’s false starts For U.S. oil drillers, $60 is the new $50. Earlier this year, oil Continue Reading
Templar, Stallion likely to miss interest payments, Fitch says The defaults would push energy default rate to nearly 18% The default rate for leveraged loans in the energy sector could Continue Reading
