News
Rig count up 16, third week of double-digit growth
The number of oil and gas rigs in U.S. fields rose again this week, up 16 over last week. It’s the third double-digit increase in a row and a boom of 85 rigs over the...
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Oil bankruptcies decline as prices rise
The past two and a half years haven’t been kind to oil companies. But drillers and energy services firms have dramatically slowed the deluge of bankruptcies that tied up nearly $80 billion of debt in...
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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...
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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...
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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...
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