Iraq says Saudi, Russia change tone on possible oil deal
Iraq’s Oil Minister Adel Abdel Mahdi talks to journalists as he arrives at his hotel ahead of a meeting of OPEC oil ministers in Vienna, Austria, December 2, 2015. OPEC Continue Reading
Energy earnings will hint at who survives crude’s rout
As crude prices crater, threatening a sizeable number of U.S. oil producers who are predicted to fail under continued global oil doom, the current earnings season will be an important Continue Reading
U.S. shale firms, struggling to profit with $30 oil, slash spending more
Three major U.S. shale oil companies have slashed their 2016 capital spending plans more than expected in a bid to survive $30 a barrel oil prices, with one of them Continue Reading
U.S. Oil Explorers Seen Reporting $14 Billion in 2015 Losses
During the next eight days, independent U.S. oil explorers are expected to report 2015 losses totaling almost $14 billion, the result of the steepest price collapse in a generation. Hess Continue Reading
How the Oil Bust Wiped Out One North Dakota Oil Refiner’s Profit
For the first new refinery in the U.S. in seven years, the idea was simple: Buy cheap oil from shale producers, then score a quick profit by selling it right Continue Reading
North Dakota rig count down 20 percent so far this year
The number of rigs exploring for oil and natural gas in North Dakota is down roughly 20 percent from the start of the year, state data show. The North Dakota Continue Reading
US junk-rated energy debt hits two-decade low
The value of debt issued by junk-rated US energy companies has plummeted to the lowest level for more than two decades, sending a warning signal about the outlook for the Continue Reading
As oil prices tumble, Moody’s puts 120 energy firms around the world on downward review
Rating agency Moody’s on Friday placed large parts of the global oil and gas sector on review for a downgrade, as a crash of more than 70 percent in oil Continue Reading
‘Notional stocks’ stir controversy about oil data: Kemp
“No other industry begins to offer the data problems that are presented by petroleum,” wrote John Blair, a former U.S. government official exactly 40 years ago (“The Control of Oil”, Continue Reading
Hefty maintenance schedule looms for Canada oil sands producers
Canada’s biggest oil sands producers, which have stubbornly resisted halting output even as the price of their crude hits record lows, are planning a higher-than-normal maintenance schedule this year The Continue Reading