Oil prices up in Friday trading By David Gaffen NEW YORK, Feb 3 (Reuters) – Oil prices rose on Friday after the United States imposed sanctions on some Iranian individuals and entities, days after the White House rebuked Tehran for a ballistic missile test. The strong U.S. January jobs figure was also supportive, as it suggests […]
Oil prices push higher as U.S. Treasury flags sanctions on Iran Read More »
Vanguard Natural says it has sufficient liquidity during Chapter 11 process Feb 2 (Reuters) – Oil and natural gas explorer Vanguard Natural Resources LLC filed for bankruptcy protection, adding to a long list of energy firms that have succumbed to weak oil prices. The Houston-based company said it signed an agreement with certain bondholders that includes
Vanguard Natural becomes latest oil firm to file for bankruptcy Read More »
Shell cash flow up 69 per cent in Q4 By Ron Bousso and Karolin Schaps LONDON, Feb 2 (Reuters) – Shell made more money than Exxon Mobil in the second half of 2016, despite the Anglo-Dutch oil major’s annual profit hitting its lowest level in more than a decade as it grappled with a deep
Shell outstrips Exxon on profit, cashflow seen signalling revival Read More »
Shell investors pressure company into green energy investments By Karolin Schaps and Ron Bousso LONDON, Feb 2 (Reuters) – Royal Dutch Shell is close to selling assets totalling $5 billion to cut debt following its acquisition of BG Group, the oil major said on Thursday as it reported its lowest full-year earnings in more than a
Shell nears another $5 billion in sales to ease debt load Read More »
ConocoPhillips Q4 loss narrowed to $35 million Feb 2 (Reuters) – ConocoPhillips, the largest U.S. independent oil producer, reported a smaller-than-expected quarterly loss on Thursday, helped by higher crude prices and lower costs. The results reflected a slow but steady improvement across the industry as crude prices stabilize after a two-year rout. Conoco said its
ConocoPhillips loss smaller than expected on higher oil price Read More »
Oil prices fell slightly in Thursday trading By Scott DiSavino NEW YORK, Feb 2 (Reuters) – Oil prices edged lower on Thursday, giving back early gains as traders grew less concerned about tensions between the United States and Iran. U.S. President Donald Trump said on Thursday in a tweet that Iran had been “put on notice” after
Oil prices edge down as market downplays U.S.-Iran missile test dispute Read More »
Net income attributable to Marathon Petroleum up to $227 million Feb 1 (Reuters) – Marathon Petroleum Corp reported a 21.4 per cent jump in quarterly profit, helped by higher income from its refining business and its unit that transports crude oil and refined products. Net income attributable to the company rose to $227 million, or
Marathon Petroleum 2016 Q4 profit rises about 21 per cent Read More »
Oneok looking to simply structure, increase returns Feb.1 – (Reuters) Pipeline company Oneok Partners LP’s (OKS.N) biggest shareholder Oneok Inc (OKE.N) said it would buy the rest of the company for $9.3 billion, the latest master limited partnership (MLP) deal aimed at simplifying structures and increasing returns. MLPs do not pay corporate taxes and must
Pipeline company Oneok to buy rest of Oneok Partners for $9.3 billion Read More »
Oil prices rise slightly in Wednesday trading By Jessica Resnick-Ault NEW YORK, Feb 1 (Reuters) – Crude futures rallied late Wednesday, jumping more than $1 a barrel after briefly trading lower on a bearish U.S. government report early in the day. Oil markets have been trapped in a range as traders wait to see whether OPEC
Oil prices rally to settle up $1 a barrel Read More »
Abundance of shale is expected keep pace, meaning commercial entities can rely on safe, secure and affordable natural gas By Jack Anderson, EnergyInDepth The American Gas Association (AGA) released a new report today highlighting the importance of natural gas to the commercial sector of the U.S. economy. And not surprisingly, the report finds that the
Shale revolution cuts commercial natural gas bills nearly 50% – report Read More »
