• 4 minutes Trump will meet with executives in the energy industry to discuss the impact of COVID-19
  • 8 minutes Charts of COVID-19 Fatality Rate by Age and Sex
  • 11 minutes Why Trump Is Right to Re-Open the Economy
  • 13 minutes Its going to be an oil bloodbath
  • 21 mins US Shale Resilience: Oil Industry Experts Say Shale Will Rise Again
  • 3 hours Marine based energy generation
  • 12 hours What If ‘We’d Adopted A More Conventional Response To This Epidemic?’
  • 48 mins While China was covering up Covid-19 it went on an international buying spree for ventilators and masks. From Jan 7th until the end of February China bought 2.2 Billion masks !
  • 3 hours China Takes Axe To Alternative Energy Funding, Slashing Subsidies For Solar And Wind
  • 2 hours Real Death Toll In CCP Virus May Be 12X Official Toll
  • 23 hours The Most Annoying Person You Have Encountered During Lockdown
  • 20 hours Trafigura CEO Weir says, "We will see 30% to 35% drop in demand". That amounts to 35mm bbls/day glut ! OPEC+ 10 mm cut won't fix it. It's a DEMAND problem.
  • 30 mins Which producers will shut in first?
  • 9 hours TRUMP pushing Hydroxychloroquine + Zpak therapy forward despite FDA conservative approach. As he reasons, "What have we got to lose ?"
  • 22 hours Today 127 new cases in US, 99 in China, 778 in Italy
  • 1 day Cpt Lauren Dowsett

Breaking News:

This Emerging Economy Bets Big On Solar

High Yield Market Faces Jitters From Low Oil Prices

Friday, December 18, 2015

In the latest edition of the Numbers Report, we’ll take a look at some of the most interesting figures put out this week in the energy sector. Each week we’ll dig into some data and provide a bit of explanation on what drives the numbers.

Let’s take a look.

1. Low oil prices sparking sell off in junk bonds

- Barclays high-yield corporate index is down 6 percent, but the energy portion is down 22 percent.
- Moody’s says about one-quarter of the junk defaults this year come from energy.
- A fund controlled by Third Avenue Capital Management, a junk bond mutual fund, will shut its doors after suffering steep losses. The move sparked a larger sell off in high-yield debt this week.
- Investment funds are having trouble finding willing buyers for their junk bond assets, which are rapidly losing value.
- Few are concerned that the defaults could lead to financial contagion, but the Fed’s rate increase added extra pressure on the high-yield market. Moody’s sees the default rate rising in 2016.

2. Different crude benchmarks fetch different prices

- Everyone watches the headline figures for WTI and Brent, but most oil companies sell oil at other benchmarks that are often discounted from the more popular benchmarks. This happens because of differences in quality, costs of transportation, and regional supply/demand circumstances.
- Mexico’s…




Oilprice - The No. 1 Source for Oil & Energy News