Why Transocean Is Now Rated as ‘Junk’ at Fitch Ratings
Transocean just lost its "investment grade" rating at Fitch Ratings. It is now considered as at "junk bond" status at this ratings agency.
Energy
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Newest first · Page 208Natural Gas Inventory on Track to Top 3.9 Trillion Cubic Feet by Month’s End
U.S. natural gas stockpiles are well above their levels of a year ago and also above the five-year average.
More Choppy Seas Ahead for Ocean Rig UDW
Ocean Rig UDW gave an update on its fleet and where it currently stands, based on spending cuts from major oil companies.
What to Expect From Major Energy Companies This Earnings Season
Anyone waiting for some good third-quarter news from U.S. oil companies is very likely to be disappointed when these firms report earnings beginning later this month.
Crude Oil Price Dives After EIA Storage Report
U.S. commercial crude inventories increased by more than 3 million barrels last week, according to the EIA.
Plains MLP, GP Boost Q3 Distributions by 6%
Plains All American Pipeline and its publicly traded general partner Plains G.P. Holdings announced increases to their quarterly cash distributions Wednesday morning.
Why Chevron Will Outperform the Dow on the Way Back Up
Evidence suggests that the bottom could be in for the Dow, for now, and Chevron may be one of its best performers on the way back up.
Does Another Spending Cut Improve Outlook for Petrobras?
Petrobras announced Tuesday morning that it is cutting its spending plan for the current fiscal year and the next.
Is Freeport Giving In to Carl Icahn?
Freeport-McMoRan said it will cut its board size from 16 to nine and begin "a review of strategic alternatives for its oil and gas business."
OPEC Predicts Oil Price Rebound Soon
The massive drop in crude oil prices over the past year is about to end, according to OPEC, which did not say how soon or how big.
3 Deutsche Bank Oil Services Stock Picks With Over 100% Upside Potential
These Deutsche Bank stocks to Buy are for aggressive accounts that have a high tolerance for risk. With that caveat in mind, the upside potential is worth the shot.
Gasoline Prices $2.25 or Less in 21 States
In five states the average price is at or below $2 a gallon, and in all 50 states a gallon of regular gas now costs less than $3.
What SunEdison Needs to Do Pronto
Monday morning, SunEdison announced a series of actions designed to "optimize business operations in alignment with current and future market opportunities, and accelerate cash flow positive operations."
BP to File $18 Billion Settlement Agreement Monday
BP announced in early July that it had reached an agreement in principle with the U.S. Department of Justice and it will file the details of that agreement in federal court on Monday.
Oil Rig Count Plunges While Hedge Funds Boost Bets on Lower Prices
In the week ended October 2, the number of rigs drilling for oil in the United States dropped to 614, according to the Baker Hughes North American Rotary Rig Count.