FuelFix
Energy junk bond defaults double in 2016
U.S. energy companies have defaulted on $39 billion in high-yield bonds so far this year, more than double the $15 billion delinquent last year, according to a new report from the ratings agency Fitch. Almost...
Click here 0 4,094
Saudi energy minister sees oil recovering on OPEC cuts
Oil prices are set to recover next year as OPEC fulfills its agreement to cut output, halting the slump that battered the global oil industry, Saudi Arabia’s energy minister said. The kingdom sees no need...
Click here 0 3,674
Four NRG Energy plants switch from coal to natural gas
Four coal-fire power plants owned by Houston-based NRG Energy have been turned into natural gas plants, the company said this week. In recent years, plummeting natural gas prices, environmental regulations and economics have made coal-fired...
Click here 0 3,813
Analysts: Crude stock growth more than balanced by strong demand
The growth of U.S. crude stockpiles surprised analysts on Wednesday. But that shouldn’t matter, they said on Thursday: A “massive” petroleum draw more than offset the surprising crude inventory growth. The Department of Energy reported...
Click here 0 3,674
Harvest Natural Resources agrees to sell Gabon interests
A subsidiary of Harvest Natural Resources, Inc., has agreed to sell off all of its Gabon oil and gas interests to a Singapore company for $32 million. Singaporean company BW Energy Gabon Pte. Ltd. will acquire...
Click here 0 3,766
