Energy Companies Face “Come-To-Jesus” Point As Bankruptcies Loom

Sunday, July 26, 2015
By Paul Martin

by Tyler Durden ZeroHedge.com 07/26/2015 “I don’t know if you’ll get the same slack in October as in April, absent a turnaround in the market price for oil. It’s going to be that ‘come-to-Jesus’ point in time where it’s about how much longer can they let it play. If the banks get too aggressive,... »

“Far Worse Than 1986″: The Oil Downturn Has No Parallel In Recorded History, Morgan Stanley Says

Wednesday, July 22, 2015
By Paul Martin

by Tyler Durden ZeroHedge.com 07/22/2015 The forward curve currently points towards a recovery in prices that is far worse than in 1986. As there was no sharp downturn in the ~15 years before that, the current downturn could be the worst of the last 45+ years. If this were to be the case, there... »

Drilling giant Baker Hughes warns the pain from oil crash is far from over

Tuesday, July 21, 2015
By Paul Martin

AKIN OYEDELE BusinessInsider.com Jul. 21, 2015 Baker Hughes has an ugly outlook for the oil industry. The oilfield-services company reported second-quarter results on Tuesday morning, with an adjusted earnings per share loss of $0.14, in line with expectations, according to Bloomberg. Revenues came in at $4 billion, down 33% year over year, and ahead... »

Shell Warns, Oil Price Recovery To Take 5 Years

Sunday, July 19, 2015
By Paul Martin

by Tyler Durden ZeroHedge.com 07/19/2015 Andy Brown, a top Shell official, said the Anglo-Dutch oil giant forecasts no quick rebound in the average global price of oil, but only a gradual recovery lasting five years. He attributed this sluggishness to a slowdown in China’s economy, leading a drop in demand for fuel, and the... »

More Job Losses Coming To U.S. Shale

Friday, July 17, 2015
By Paul Martin

by Tyler Durden ZeroHedge.com 07/17/2015 The coming few months will prove challenging for the sector, and some small and medium U.S. producers may start missing their debt repayments or even file for bankruptcy. Quicksilver Resources and American Eagle Energy are two of the six U.S. based companies that have filed for bankruptcy in 2015... »

The Multi-Trillion Dollar Oil Market Swindle

Tuesday, July 14, 2015
By Paul Martin

by Tyler Durden ZeroHedge.com 07/14/2015 In the past, we documented the overstatements by both the IEA and EIA in 2014 & 2015 in terms of supply, inventory and understatements of demand. Others also noticed these distortions and, whether intentional or not, they exist and they are very large in dollar terms. These distortions, which... »

These Factors Will Send Oil Prices Down Even Further

Monday, July 13, 2015
By Paul Martin

By Euan Mearns OilPrice.com Mon, 13 July 2015 I have become an avid reader of the International Energy Agency Oil Market Report. A ”free” synopsis is published mid-month with the full report and data tables made public at the end of the month. Here are the bullets from the report summary published on 10th... »

Oil Price Plunge Reignites Fears for Indebted Shale Companies

Friday, July 10, 2015
By Paul Martin

by Nick Cunningham via OilPrice.com ZeroHedge.com 07/10/2015 The latest fall in oil prices is once again putting pressure on indebted shale companies. After falling from over $100 per barrel down to $43 per barrel at its lowest point in March of this year, WTI prices rebounded with a 40 percent rise, trading for more... »

Cyber Threat Has Oil And Gas Majors On Edge

Wednesday, July 8, 2015
By Paul Martin

By Ronke Luke OilPrice.com Tue, 07 July 2015 The massive cyber breach of the U.S. Government’s Office of Personnel Management (OPM) systems is the latest in a string of high profile cyber attacks in the last couple of years. Before OPM, media coverage focused on hacks at Sony Corporation, Home Depot, Target, and Care... »

Crude Carnage Continues After Another Inventory Build & Production Rise

Wednesday, July 8, 2015
By Paul Martin

by Tyler Durden ZeroHedge.com 07/08/2015 For the 2nd week in a row, crude oil inventories saw a build (after 8 weeks of draws) albeit a modest 384k barrels. Cushing also saw an inventory build. At the same time, production rose very modestly back to near cycle record highs (thouygh we note an extremely small... »

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