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Energy

ExxonMobil Loses AAA Credit Rating For First Time Since 1930

Apr 26, 2016 at 11:55 | Charles Kennedy

ExxonMobil lost its AAA credit rating for the first time in more than 80 years. S&P downgraded the oil supermajor, which was one of only…

Chesapeake Has Bought Itself Time But Can It Survive?

Apr 26, 2016 at 11:34 | Michael McDonald

The last year has been a bumpy one for Chesapeake Energy. When natural gas prices collapsed several years ago, many firms across the industry moved towards…

Oil Up As Quarterly Earnings Season Kicks Off

Apr 26, 2016 at 10:29 | Matt Smith

One-hundred and sixteen years after the birth of seismologist Charles Richter, and the crude market is trying to break some ground today. Rumbles in the market…

Coal And Steel May Have Been Given A Lifeline By China

Apr 26, 2016 at 09:43 | Dave Forest

A big news item the last few weeks has been China’s efforts to curb domestic coal and steel capacity. That’s been a difficult development for China’s local producers —…

Saudi Arabia Releases Ambitious Plan To Diversify Economy

Apr 25, 2016 at 15:26 | Nick Cunningham

On Monday, Saudi Arabia released a blueprint for the future, a plan for the Kingdom that could alter the course of its history. The “Vision for…

Why The Saudi Aramco IPO Will Not Be Enough

Apr 25, 2016 at 15:24 | Michael McDonald

The Saudi Arabian sale of Saudi Aramco is already starting to attract widespread attention after Mohammad bin Salman, deputy crown prince of the Kingdom, indicated that…

Despite Claims, Ukraine Not Free Of Russian Energy Dependence

Apr 25, 2016 at 15:11 | Colin Chilcoat

Now more than two years on since the revolutionary events on Maidan and Russia’s subsequent annexation of Crimea, Ukraine is still largely without its footing. Political…

It Isn’t Just ISIS that Is Destabilizing Iraq

Apr 25, 2016 at 15:05 | James Burgess

As Iraqi exports from the southern coast reach a monthly record high and the government is trying to lure in new investment on the border with…

China Stockpiling Oil At Highest Rate In Over A Decade

Apr 25, 2016 at 11:14 | Charles Kennedy

China might be in the midst of another round of stockpiling, stepping up crude oil imports to fill its strategic petroleum reserve (SPR). The slowdown in oil demand in China…

Choppy Oil Markets Await Oil Majors’ Earnings

Apr 25, 2016 at 10:29 | Matt Smith

The mighty, mighty Ella Fitzgerald was born ninety-nine years ago today, and accordingly the crude oil market is looking ‘bewitched, bothered and bewildered‘, being pulled in…

Can This Pipeline Unlock East-African Oil Potential?

Apr 25, 2016 at 09:47 | Dave Forest

Critical decision over the weekend on one of the world’s most-watched infrastructure developments — in the fast-emerging oil and gas basins of Eastern Africa. That…

Horizontal Land Rig Count Summary 22nd April 2016

Apr 23, 2016 at 19:23 | Arthur Berman

The U.S. horizontal land rig count for the week ending April 22 fell 3 to 332 and the total land rig count fell 8 to 401. Tight oil plays lost…

The Real Reason Saudi Arabia Killed Doha

Apr 22, 2016 at 16:44 | Rakesh Upadhyay

Saudi Arabia single-handedly scuttled the Doha meeting, knowing all along that Iran would not participate, with a valid reason. The Russians and others agreed to proceed…

U.S. To Undermine Russia’s Gas Monopoly In Europe

Apr 22, 2016 at 16:35 | Nick Cunningham

The first U.S. LNG shipment will soon arrive in Europe, marking a new era for energy on the continent. Cheniere Energy’s newly completed Sabine Pass facility…

Will Oil And Refugees Force European Intervention In Libya

Apr 22, 2016 at 16:34 | Irina Slav

Europe is on track to send security experts to Libya after it successfully installed a so-called unity government that is willing to work with international…

Oil Crash Creates Glut Of Petroleum Engineers – More Layoffs Coming

Apr 22, 2016 at 16:20 | Michael McDonald

$240,000. More than British Prime Minister David Cameron earns per year. Back in 2013, Oilprice.com published an article about a cook on an Australian offshore…

The Worst Is Yet To Come For Oilfield Services

Apr 22, 2016 at 16:09 | ZeroHedge

For the latest indication of how bad the recession in the U.S. oilfield services sector is, we took a look at last night's Schlumberger results which were modestly better than…

What Iron Ore Futures Tell Us About Oil Prices

Apr 22, 2016 at 16:05 | Sergey Narkevich

Recent Commodity Prices Dynamics With commodity prices falling precipitously during the last 2 years it has been a hard time for both commodity market…

Oil Stocks Going Too High Too Soon

Apr 22, 2016 at 15:44 | Dan Dicker

The chorus has become deafening: The International Energy Agency (IEA) has predicted a full ‘rebalancing’ of the oil market by late 2017, with OPEC joining in…

Why I Am Bullish On ConocoPhillips

Apr 22, 2016 at 15:42 | Martin Tillier

Ask most people, even those who follow the energy markets pretty closely, who is the world’s largest independent oil exploration and production company and I doubt that many would get…

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