- Refinery workers on strike at nine plants, including one in Carson @ Los Angeles Times - 28 minutes ago
The United Steelworkers union said about 3,800 workers went on strike Sunday at nine U.S. refineries, including one in Carson, after contract negotiations broke down with Shell Oil Co.
- Union asks refinery workers to strike after talks break down Associated Press - 1 hour 21 minutes ago
The United Steelworkers Union called for its refinery workers to stage their largest walkout in more 30 years Sunday, saying its negotiations with Shell Oil Co. broke down less than two weeks after they began.
- Genel to part with founding CFO @ Financial Times - 2 hours 43 minutes ago
Genel, the energy group led by former BP chief Tony Hayward, is set to part ways with one of its founders at a time when falling oil prices are hitting companies in the sector. The FTSE 250 oil producer ...
- Labor talks break down, refinery work stoppage begins @ USA TODAY - 5 hours ago
Labor talks break down, refinery work stoppage begins
- Refiners say Keystone is route to oil independence @ Financial Times - 8 hours ago
Republicans backing the Keystone XL oil pipeline say it would create thousands of jobs in an economy grappling with stagnant wages, but US refiners supporting the project argue a more fundamental concern ...
- Alpha to idle three US coal mines @ Financial Times - 10 hours ago
Alpha Natural Resources, the US coal mining group, announced on Friday that it planned to idle production at three mines in West Virginia and cut jobs at two more, affecting about 91 workers in total. ...
- US coal prices hit six-year low @ Financial Times - 11 hours ago
US coal prices have dropped to their lowest level in six years, as the global energy-price slump has hit a mining industry already battered by weak demand and tightening environmental regulations. The ...
- Oil groups struggle on UK's junior market @ Financial Times - 12 hours ago
When Leyshon Energy made its debut on London's junior market in January last year, it looked like a sure bet for energy investors. Armed with $35m of cash reserves and a stake in a gas project in southern ...
- Veteran portfolio chief sees bright spots in volatile market @ USA TODAY - Sat, Jan 31, 2015 6:27 AM EST
Money manager sees value in beaten down oil sector
- Cadillac confirms CT6 flagship sedan will debut in March @ Los Angeles Times - Fri, Jan 30, 2015 6:34 PM EST
Cadillac is going big in 2015.
- Top U.S. Coal Producers Up; India Sells $3.6 Billion Stake In State-Run Mines Benzinga - Fri, Jan 30, 2015 5:01 PM EST
The four top U.S. coal producers were higher Friday for reasons that were unclear. The movement came as India sold a 10 percent stake in Coal India Ltd. (BOM:533278), the world's largest coal producer, ...
- What do EIA’s global supply projections mean for energy companies? Market Realist - Fri, Jan 30, 2015 2:05 PM EST
The EIA expects the global supply of liquid fuels to average 92.9 MMBpd in 2015, 0.72 MMBpd higher compared to its estimate of 92.18 MMBpd in 2014.
- An Investor’s Guide To The Copper Industry Market Realist - Fri, Jan 30, 2015 2:03 PM EST
Mining giants Rio Tinto and BHP Billiton have diversified portfolios of iron ore, aluminum, and copper assets, with most revenues coming from iron ore.
- Chevron cuts investment on oil plunge @ Financial Times - Fri, Jan 30, 2015 1:25 PM EST
Very few large oil projects will go ahead if crude stays below $50 per barrel, setting the scene for a rebound in prices, the chief executive of Chevron of the US has said. Speaking as Chevron became the ...
- Bulk commodity shipping rates fall sharply @ Financial Times - Fri, Jan 30, 2015 12:57 PM EST
The Baltic Dry index has slumped to its lowest level in almost three decades, hit hard by falling commodity prices and glut of ships. The index, which tracks rates for ships carrying bulk commodities such ...
- Boardroom trades January 31 @ Financial Times - Fri, Jan 30, 2015 12:22 PM EST
Directors at oil companies continue to show faith in their employers despite falling oil prices and sinking shares. The latest to boost their stakes were managers at TXO, who took up rights and a boardroom ...
- Crude oil slips to $43.81 after inventory data and oil glut Market Realist - Fri, Jan 30, 2015 12:10 PM EST
Crude oil prices continued their downtrend and fell to $43.81 per barrel on January 29, 2015. On January 28, the EIA reported weekly crude oil inventories.
- How will EIA price forecasts affect energy companies? Market Realist - Fri, Jan 30, 2015 11:05 AM EST
The EIA trimmed its WTI crude oil price forecasts to $55 per barrel in 2015. The 2015 forecast is 13% lower than EIA’s previous projection.
- Analyzing the crude tanker industry and peers Market Realist - Fri, Jan 30, 2015 11:04 AM EST
In this series, we'll analyze the factors that drive the crude tanker industry. The factors affect the tanker companies' performance.
- Arch Coal is ready to publish 4Q14 earnings Market Realist - Fri, Jan 30, 2015 10:08 AM EST
Arch Coal is the second largest Powder River Basin (or PRB) coal producer after Peabody Energy. Arch's 4Q14 results will help us draw a trend in PRB coal.
- Credit Suisse Raises Price Target On Occidental Petroleum On Good Market Position Benzinga - Fri, Jan 30, 2015 9:12 AM EST
In a report published Friday, Credit Suisse analyst Edward Westlake reiterated a Neutral rating on Occidental Petroleum Corporation (NYSE: OXY ), and raised the price target from $76.00 to $78.00. In the ...
- Miners look to another round of spending cuts @ Financial Times - Fri, Jan 30, 2015 4:35 AM EST
For the past couple of years the mining industry has been on an efficiency drive, slashing thousands of jobs and putting dozens of projects on hold. But the job is not complete. To combat falling commodity ...
- Yellowstone oil spills fuel arguments over Keystone line Associated Press - Thu, Jan 29, 2015 6:18 PM EST
BILLINGS, Mont. (AP) — Oil pipeline accidents have become increasingly frequent in the U.S. as Congress presses the Obama administration to approve the Keystone XL pipeline — a project that would pass near the spot where 30,000 gallons of crude spilled into Montana's Yellowstone River earlier this month.
- Shell to revive plans to drill in Arctic Associated Press - Thu, Jan 29, 2015 2:55 PM EST
- ConocoPhillips and Shell outline billions of dollars in cuts @ Financial Times - Thu, Jan 29, 2015 2:45 PM EST
Two of the world's largest energy groups, Royal Dutch Shell and ConocoPhillips, have set out plans for billions of dollars worth of cuts in their investment programmes in response to the plunge in crude ...
- Shell bows to shareholder demands on climate change @ Financial Times - Thu, Jan 29, 2015 2:17 PM EST
Royal Dutch Shell has bowed to shareholder pressure to be more open about how it is tackling climate change - on the same day it said it would press ahead with plans to drill in the Arctic. Shell's board ...
- Oil producers push to export US crude even as prices drop Associated Press - Thu, Jan 29, 2015 1:48 PM EST
- Mongolia holds text message vote on mining v austerity @ Financial Times - Thu, Jan 29, 2015 1:14 PM EST
Mongolia is holding an "X Factor" style referendum by text message after the prime minister turned to direct democracy to help shape the country's economic policy. Saikhanbileg Chimed's plan ...
- Increasing Demand for Refined Products Will Increase Oil Prices 24/7 Wall St. - Thu, Jan 29, 2015 12:00 PM EST
All the analysts who are now blaming the sharp drop in oil prices on a "glut" of supply could change their tune quickly as consumers adjust to lower fuel costs.
- Natural gas rig count may raise energy investor hopes Market Realist - Thu, Jan 29, 2015 11:05 AM EST
The natural gas rig count decreased throughout most of 2014. Last year, there were 356 natural gas rigs. Currently, there are 316 rigs.
- Low gas prices can make independent power producers uncomfortable Market Realist - Thu, Jan 29, 2015 11:05 AM EST
Natural gas is procured by power producers on short-term and spot contracts. Changes in gas prices affect unregulated power companies immediately.
- Total becomes first 'major' to secure stake in UAE oilfields @ Financial Times - Thu, Jan 29, 2015 10:47 AM EST
Total has won a contract to develop the largest onshore oil deposit in the United Arab Emirates, the first international energy company to be chosen by Abu Dhabi against a backdrop of plunging crude prices. ...
- Royal Dutch Shell plans $15B in cuts on falling oil prices @ USA TODAY - Thu, Jan 29, 2015 9:52 AM EST
Shell to shave $15 billion in costs amid growing uncertainty over the impact of lower oil prices.
- Shell earnings slide on plunging crude price @ Financial Times - Thu, Jan 29, 2015 9:09 AM EST
Royal Dutch Shell is to cut more than $15bn in spending and freeze its dividend in an effort to plug dwindling revenues from oil sales, after the company on Thursday reported a sharp slide in quarterly ...
- Plunging Gasoline Prices Help Top Refiners: 6 Stocks to Buy @ 24/7 Wall St. - Thu, Jan 29, 2015 8:55 AM EST
In an energy sector that has struggled, the refiners have shined, and Cowen analysts are focused on six top stocks to buy.
- ConocoPhillips' interim earnings fall 57% amid oil rout @ Financial Times - Thu, Jan 29, 2015 8:43 AM EST
Plunging crude prices caused a 57 per cent drop in ConocoPhillips' underlying earnings for the fourth quarter of last year, and pushed the company into a further cut in its capital spending. Conoco, which ...
- Plunging oil prices choke off boom in Bakersfield @ Los Angeles Times - Thu, Jan 29, 2015 8:00 AM EST
Each year, the American Assn. of Drilling Engineers hosts a meeting here affectionately called the Liar's Club.
- Equities slip as Fed remains steady on rates @ Financial Times - Thu, Jan 29, 2015 5:34 AM EST
Thursday 10:30 GMT. Stock markets are in a sour mood as investors infer that the US Federal Reserve remains on course to start raising interest rates around the middle of this year. Wariness over the new ...
- Commodities, Geneva and the Swiss franc @ Financial Times - Thu, Jan 29, 2015 4:11 AM EST
Bunge, the international agricultural trader, is closing its sugar and ethanol operations in London and moving them to Geneva, the home of its grain trading hub. Its decision is counterintuitive, especially ...
- Fortescue Metals Group Waving, Not Drowning @ Barrons.com - Thu, Jan 29, 2015 12:01 AM EST
Cost cutting is the name of the game for iron ore miners. The industry has been forced to swing the scythe through budgets as a deluge of new supply of the steel making ingredient, combined with weaker demand from China, has crushed iron ore prices. The benefit of the laser-like focus on costs was highlighted in the December …
- Falling oil prices could benefit the US retail industry Market Realist - Wed, Jan 28, 2015 9:05 PM EST
Falling oil prices mean falling gas prices. With more money to spend, consumers could spend more on discretionary retail products and services.
- How China Affects The Commodities Markets Market Realist - Wed, Jan 28, 2015 9:05 PM EST
China has a pretty big hand in the commodities markets. It's the world’s largest consumer of steel, iron ore, and coal.
- Employment in California's oil towns suffers as prices plunge @ Los Angeles Times - Wed, Jan 28, 2015 8:41 PM EST
Many Californians cheer the rapid fall of gasoline prices.
- Natural gas consumption to edge upward in 2015 Market Realist - Wed, Jan 28, 2015 4:53 PM EST
Natural gas consumption by the industrial sector is forecast to increase by 4.5% in 2015 and by 2.1% in 2016 as a result of new projects coming online.
- BHP Billiton is a leading global diversified resources company Market Realist - Wed, Jan 28, 2015 4:11 PM EST
BHP Billiton (BHP) is a leading global diversified resources company. It’s one of the world’s largest major commodity producers.
- What Investors Should Know About Alcoa’s Long-Term Contracts Market Realist - Wed, Jan 28, 2015 3:42 PM EST
Companies benefit when raw material prices go up, but they're at a disadvantage when prices fall.
- House passes bill aimed at expediting natural gas exports Associated Press - Wed, Jan 28, 2015 3:03 PM EST
WASHINGTON (AP) — Continuing its charge on energy, the Republican-controlled House on Wednesday passed a bill aimed at expediting approvals of natural gas exports.
- Crude oil gains as the US dollar falls, but it still faces a glut Market Realist - Wed, Jan 28, 2015 1:40 PM EST
Crude oil prices increased by ~2%. The commodity was trading at $46.7 per barrels on January 27, 2015, due to the depreciating US dollar.
- Peabody Energy’s guidance for fiscal year 2014 and 4Q14 Market Realist - Wed, Jan 28, 2015 1:11 PM EST
Since Peabody Energy sold 185.5 million tons of coal in 9M14, the guidance suggests shipments of 64.5 million tons in 4Q14.
- Bullish forecast for natural gas production Market Realist - Wed, Jan 28, 2015 12:53 PM EST
Surging natural gas production levels compared to last year are keeping natural gas prices at or below $3 per MMBtu.