U.S. Shale Could Break The OPEC Deal Within Months
OPEC is currently pumping crude at a record rate yet has managed to fool algos and “experts” into bidding up crude to multi-month highs on “promises” it will cut a Continue Reading
Nymex Trading Pits Shut Down, Marking End of an Era
Oil traders work in the pit of the New York Mercantile Exchange in 2007. The open-outcry trading floor of the New York Mercantile Exchange in lower Manhattan will shut down Continue Reading
Outlook For Coal Unlikely To Improve
The election of Donald Trump as President of the United States has a lot of implications for a lot of different segments of the economy – coal may not be Continue Reading
The End Of The Oil And Gas Bankruptcy Wave
Even as oil prices are rebounding, we are closing out one of the worst years for the oil and gas industry in decades. In 2016, the U.S. oil and gas Continue Reading
Peabody extends debt deadline amid creditor support
Peabody Energy Corp said on Thursday it extended a deadline for creditors to join financing deals aimed at bringing the largest U.S. coal miner out of bankruptcy amid growing creditor Continue Reading
Prospects for Irish explorer Circle Oil dwindle
Irish exploration company Circle Oil said its listing on the London stock exchange will be canceled by the end of the week amid financial strains. “The company’s financial position remains Continue Reading
Russia’s finance minister sees growth ahead
With oil prices recovering, growth in the Russian economy may be twice as high as official government estimates, the country’s finance minister said. The Central Bank of Russia this week Continue Reading
Oil Retreats From 17-Month High After Report of U.S. Supply Gain
Oil futures fell from the highest close in 17 months as an industry report was said to show U.S. crude stockpiles climbed last week. Futures retreated 45 cents from the Continue Reading
Dollar and Oil Retreat Along With European Shares: Markets Wrap
The dollar dropped the most in two weeks while oil retreated from its highest close in 17 months as investors prepared to close out a volatile year for financial markets. Continue Reading
WTI prices fall on surprise build in U.S. crude stocks
U.S. oil prices fell on Thursday after an industry report showed a surprise build in the country’s crude inventories, while Brent futures came off early lows to trade marginally higher. Continue Reading