‘’Too Much Too Fast’’ Gas Glut Crushes Shale Drillers
Appalachian shale drillers are getting squeezed by low prices, and a supply glut may mean that there is little prospect of a pricing rebound anytime soon. Earlier this month, IHS Continue Reading
Goldman Sachs Sees Opportunity In The Shale Crisis
Despite years of burning through cash, and the deep sense of anxiety within the shale industry itself, Goldman Sachs says the current down market represents a buying opportunity. Through August Continue Reading
Global Slowdown Spreads Across U.S. Economy
Slowing global growth, fading effects from the 2017 tax cut and rising trade frictions are weighing on the U.S. economy. “The domestic economy is not immune to all these headwinds,” Continue Reading
GM’s Electric Ambitions Rattle Below the Surface of the UAW Strike
GM’s need to free up cash to invest in electrics has led it to make deep cuts in its core business, including its decision to close four U.S. factories —a Continue Reading
US Rig Count Drops by Eight
The U.S. dropped six oil rigs and two gas rigs for a net loss of eight rigs this week, according to Baker Hughes, a GE Company. The U.S. dropped six Continue Reading
Cooling U.S. consumer spending underscores risks to economy
U.S. consumer spending barely rose in August and business investment remained subdued amid lingering trade tensions, prompting economists to slash their economic growth estimates for the third quarter. The reports Continue Reading
Cooling US economy muddies waters for Fed
A key gauge of US business investment unexpectedly fell in August and consumer spending slowed, signaling the US economy cooled in the third quarter and complicating the outlook for the Continue Reading
Novatek Says It Has Enough Gas For Third LNG Plant In Russia
Russia’s largest independent natural gas producer, Novatek, expects its recently added gas field licenses will provide enough gas to warrant the construction of a third large liquefied natural gas (LNG) Continue Reading
Coal is Piling Up in Europe as Utilities Prefer Natural Gas
Stockpiles of coal are surging at some of Europe’s largest ports as utilities from Germany to Spain are increasingly favoring cleaner gas in power generation. Reserves at ports in Rotterdam, Continue Reading
New U.N. climate report: Monumental change already here for world’s oceans and frozen regions
Growing coastal flooding is inevitable, and damage to corals and other marine life has already been unleashed. But scientists say the world still has time to avert even more severe Continue Reading