Suncor Energy Inc. is discussing with the Alberta government leaving some oil-sands bitumen in the ground in order to lower emissions and reduce costs, Chief Executive Officer Steve Williams said. 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
As earnings season gets into full swing, a casual glance at the fundamentals shows there is little for refiners to be excited about. Excessive production in the first half on Continue Reading
Oil is enduring a tough month, as further worries about the ongoing supply glut and declining demand push prices to their lowest point in three months. Yet as fossil fuels Continue Reading
Wholesale gasoline in California became the cheapest in the country this week, but that change has largely gone unseen at the pump, where consumers are still paying the highest prices Continue Reading
Gearing rose to 28.1% last quarter, double year-earlier level Debt ‘close to the maximum’ but may still climb, company says Royal Dutch Shell Plc is on the verge of breaching Continue Reading
Royal Dutch Shell disappointed with its second quarter earnings , reporting numbers much lower than what analysts had expected. Shell’s profits fell by 72 percent, dropping to $1.05 billion, down Continue Reading
Bank of Russia expected to leave borrowing costs unchanged Brent in ruble terms declines more than 2 percent this week The ruble headed for the biggest weekly decline since January Continue Reading
Crude oil prices hovered near three-month lows on Thursday, as unexpected growth in U.S. inventories kept downward pressure on the market, while the weaker dollar provided some support. Brent crude, Continue Reading
Oil prices fell to three-month lows on Thursday as producers continued to pump more than needed, filling inventories, and economic growth prospects darkened. Brent crude oil LCOc1 was down 50 Continue Reading
