Fuel Fix

(AP Photo/Richard Drew)

Oil’s slide continues into August

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Monday’s slide follows a bearish July, when concerns that the glut of oil may not be easing sparked a sell off and erased gains crude had posted in May and June.

Oil’s slide continues into August

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(AP Photo/Richard Drew)
Monday’s slide follows a bearish July, when concerns that the glut of oil may not be easing sparked a sell off and erased gains crude had posted in May and June.
Exxon Mobil CEO Rex Tillerson

Oil CEOs’ grim outlook rubs off on speculators fleeing market

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Exxon, the biggest U.S. energy producer, reported July 31 its lowest profit since 2009 while No. 2 Chevron posted its worst results in 12 years.
Categories: Crude oil, featured
(AP Photo/Alexander Zemlianichenko, file)

Poland resumes gas deliveries to Ukraine

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The spat between Poland and Russia came amid concerns that Moscow is ready to use its energy exports as a political weapon over the crisis in Ukraine.
Categories: Europe, Natural gas
The head office of Statoil in Stavanger, Norway.  (AP Photo / Kent Skibstad, NTB scanpix, File)

German firm buys shares in North Sea oil, gas

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Wintershall’s deal is with Norwegian company Statoil for $1.25 billion. Norway, along with Russia, is a key supplier of gas to Europe.
Categories: Europe

EIA Natgas Storage

Natural gas inventories rise quickly after large drawdown

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Natural gas storage is quickly catching up the five-year average level after a larger than reduction of inventories in the most recent, harsh winter, according to a new report form the Energy Information Administration.
Yellow oil barrels

Brent crude tumbles to two-year low

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The European benchmark’s decline narrowed the premium to West Texas Intermediate oil.
A logo sits on a sign outside Foster Wheeler AG's offices in Reading. (Matthew Lloyd/Bloomberg)

Foster Wheeler: Changes not coming next year

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Global engineering conglomerate Foster Wheeler told employees that changes to the company’s structure associated with its acquisition by AMEC won’t take place until next year.
Categories: Deals

It’s Good to be Bad

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Not meaning to be villainous – like my British counterparts in the Jaguar commercial – but it would seem that sometimes ‘it’s good to be bad‘. And here are some immediate examples across commodityland™. The first topic we are going to look at in dastardly detail is retail gasoline prices. Prices generally peak in the first half […]
Categories: Crude oil, Gasoline
President Vladimir Putin. (AP Photo/RIA-Novosti, Alexei Druzhinin, Presidential Press Service)

U.S. expands Russian sanctions

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The U.S. expanded sanctions against Russia to include the country’s largest bank, OAO Sberbank, energy companies as well as five state-owned defense and technology companies.