Tuesday, January 28, 2025

Why are You Drilling?

Does the term “bearish” even begin to describe commodity prices anymore? Oil prices are generating most of the headlines, but natural gas has it just as tough: spot prices for Henry Hub are trading at 16-year lows. The story remains the same, as the supply/demand imbalance remains tilted towards the former with headwinds applying additional downward pressure. The tightened margins

ConocoPhillips

Oil and Gas Bankruptcy Climbs to More than $16 Billion in 2015

*This story was corrected from an earlier version to reflect Energy & Exploration Partners’ debt level Low oil prices push 41 energy companies into bankruptcy Saying that 2015 has been a difficult year for the oil and gas sector would be an understatement. U.S. crude oil benchmark WTI averaged $91.23 per barrel in 2014, while in 2015 it has, to date,