Here are the bankruptcies that will be etched into the tombstones of failed energy fortunes for time immemorial.
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The 10 Biggest Energy Company Bankruptcies
Here are the bankruptcies that will be etched into the tombstones of failed energy fortunes for time immemorial.
Original post:
The 10 Biggest Energy Company Bankruptcies
The IEA’s October Oil Market Report is even gloomier for oil producers than last week’s report from OPEC.
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Crude Tumbles Again as IEA Lowers Oil Demand Forecast
Brent crude oil remained below $89 on Tuesday as a global supply glut continued to weight on prices. The commodity traded at $88.36 at 9:00 GMT as speculation that OPEC will cut its output faded. Despite …
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Brent Prices Remain Low With No Supply Cut Expected
On October 9, the U.S. Energy Information Administration (or EIA) reported a 105 billion cubic feet (or bcf) natural gas inventory build for the week ending October 3.
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Must-know: Natural gas inventory movement last week
Arch Coal Inc (NYSE: ACI ) shares gained 4 percent Monday after the company forecast better-than-expected third-quarter results. Shares of the St. Louis-based coal miner are off nearly 65 percent since …
Natural gas consumption in the U.S. is very seasonal. It’s highest in the winter. Heating demands are at their highest during the winter months.
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Why investors need to watch natural gas inventory figures
Oil’s selloff has confused pundits as they don’t know whether to be happy for the consumer who can now afford to drive down the street or to shun the levels and reiterate the pain on Big Oil’s margins. …
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Morgan Stanley Sees Brent Crude Prices Rebounding
Brent crude oil tumbled on Monday morning after news that OPEC is not considering an output cut further escalated concern about oversupply in the market. The commodity traded at $88.55 at 7:30 GMT despite …
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Brent Down As OPEC Hints At No Supply Cut
With the price of Brent Crude down to around $90 a barrel, the question on most everyone’s mind is, “When will oil find a floor?”
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Low Oil Prices Are No Problem for the Saudis
BELLINGHAM, Wash. (AP) — A refinery in northwest Washington state says it will no longer accept any volatile North Dakota crude oil unless it arrives on newer-model tank cars.
Petrobras (PBR) operates the majority of Brazil’s total refining capacity. By the end of 2013, its distillation capacity was 2.1 million barrels per day (or MMbbl/d) in 12 refineries.
On October 8, the U.S. Energy Information Administration (or EIA) released inventory data for the week ended October 3.
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Why did last week’s crude oil inventory build beat expectations?
Brent crude oil fell below $90 on Friday for the first time since 2010 as oversupply continued to outweigh geopolitical factors. The commodity traded at $88.89 at 7:45 GMT, causing many to speculate that …
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Brent To Finish Week Below $90
Barrick posted a narrower net loss of $269 million, $0.23 per share, in 2Q14 as compared to a net loss of $8.56 billion, $8.55 per share, in the corresponding period last year.
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Why Blue Ridge Capital sells stake in Barrick Gold
With winter coming, utilities are looking to stock up on coal. However, rail connectivity issues are preventing shipments. As a result, utilities are looking elsewhere for coal.
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Why coal imports are rising amid domestic oversupply
With winter coming, utilities are looking to stock up on coal. However, rail connectivity issues are preventing shipments. As a result, utilities are looking elsewhere for coal.
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Why coal imports are rising amid domestic oversupply
WASHINGTON (AP) — An international arbitration panel ordered Venezuela's socialist government on Thursday to pay $1.6 billion to Exxon Mobil for the seizure of a major oil project in the South American country and other losses.
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Venezuela ordered to pay $1.6 billion to Exxon
In 2013, China became the world’s largest gold market. It accounts for around a third of the global gold demand. The World Gold Council (or WGC) expects demand to grow at least another 20% by 2017.
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Must-know: Physical demand for gold in China
With oil prices in bear territory and expected to slide still lower, an Deutsche Bank’s Ryan Todd launched coverage of seven U.S. refiners Thursday with a mixed take on each company’s prospects. U.S. refiners’ …
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Deutsche Bank Sees 2015 Bounce For U.S. Oil Refiners
The Secretary General for the Organization of the Petroleum Exporting Countries (OPEC), H.E. Abdalla Salem El-Badri, issued a statement to the International Monetary Fund (IMF) on Thursday. He touched …