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By Bradley Olson, Bloomberg |
December 13, 2012
Phillips 66, the crude refiner that was spun off from ConocoPhillips in May, plans to raise as much as $400 million in an initial public offering next year for a minority interest in some of its pipeline and logistics assets.
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By Steve Matthews and Shobhana Chandra, Bloomberg |
December 12, 2012
American companies are poised to put idle cash to work as demand rebounds in 2013 after spending slumped amid the slowdown in China and Europe’s recession.
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By Canaccord Genuity Morning Coffee |
November 5, 2012
As reported by Reuters, Chevron Corp posted earnings that were much lower than expected as maintenance exacerbated a decline this year in oil and natural gas production.
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By Inyoung Hwang, Bloomberg |
October 10, 2012
U.S. stocks fell, extending losses in the Standard & Poor’s 500 Index to a fourth day, as Alcoa Inc.’s forecast fueled concern over corporate earnings and global economic growth.
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By Phil Flynn |
October 5, 2012
The West Coast gas market is in chaos, driving prices to record highs and causing shortages of gasoline and the closing of gas stations. Refinery fires and maintenance have conspired to reduce supplies.
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By Joe Carroll and Jim Polson, Bloomberg |
September 12, 2012
Chesapeake Energy Corp. agreed to sell oil and natural-gas assets for $6.9 billion in a series of transactions that will narrow a cash-flow shortfall threatening to crimp the company’s drilling and production goals.
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By Phil Flynn |
August 27, 2012
Wind and rain and Isaac have taken a nasty turn right into the heart of Gulf oil production. State of emergency and evacuation orders are in place along the Gulf oil and refining areas.
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By Cathy Chan, Matthew Campbell and Brian Swint, Bloomberg |
August 14, 2012
BP Plc is seeking as much as $7.9 billion before tax payments for a group of Gulf of Mexico oilfields as it unloads assets following its 2010 spill in the region, two people with knowledge of the matter said.
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By Phil Flynn |
August 10, 2012
Is it any wonder that even the IEA lowed its global oil demand forecast for 2012 and 2013 by 300,000 to 400,000 barrels a day? The IEA says 2013 oil demand growth at 0.8 million barrels a day down from 1 million barrels a day.
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By Ayesha Daya, Bloomberg |
August 9, 2012
Iraq’s crude output rose above 3 million barrels a day last month for the first time since the 2003 U.S.-led invasion that toppled Saddam Hussein, according to the Organization of Petroleum Exporting Countries.
