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Tag: glut
The Oil-Sands Glut Is About to Get a Lot Bigger
2015-09-04 15:09:00| Climate Ark Climate Change & Global Warming Newsfeed
Inside Climate News: The last place oil producers want to be when prices plummet to profit-demolishing lows is midstream on a billion-dollar project in one of the costliest parts of the planet to extract crude. Yet thats exactly where half a dozen oil sands operators from Suncor Energy Inc. to Brion Energy Corp. find themselves with prices for Canadian oil now hovering around $30 a barrel. While all around them projects have been postponed or canceled, their investments were judged too far along when the oil game suddenly...
Oil Set for Third Monthly Drop as U.S. Rig Count Gains Amid Glut
2015-08-31 09:08:42| Oil & Gas - Topix.net
Oil headed for a third monthly decline as U.S. drillers showed no signs of letting up even as a supply glut persists. Futures fell as much as 2 percent in New York after the biggest two-day rally since 2009.
Blame Oil Glut on Investors Who Still Love Drilling Over Profits
2015-08-26 18:16:53| Oil & Gas - Topix.net
Investors sent a surprising message to U.S. shale producers as crude fell almost 20 percent in August: keep calm and drill on. While most oil stocks have fallen sharply this month, the least affected by the slump share one thing in common: they don't plan to slow down, even though a glut of supply is forcing prices down.
Tags: love
oil
investors
profits
Oil heads for biggest monthly drop this year amid global glut
2015-07-31 08:57:36| Oil & Gas - Topix.net
Oil headed for its biggest monthly drop this year amid speculation a global supply glut that drove prices into a bear market will persist. Futures slid as much as 0.8 per cent in New York and are down 19 per cent in July.
Glut of Gas Heading South as Shale Boom Finally Reaches Florida
2015-07-23 10:34:27| Oil & Gas - Topix.net
Pipeline expansions by Williams Cos., Kinder Morgan Inc. and Spectra Energy Corp. will carry shale gas from the Marcellus reservoir to southern states as early as the fourth quarter. That'll narrow the premium for gas in the Southeast to as little as 30 cents per million British thermal units from more than a dollar versus the Northeast, Genscape Inc. and Tudor Pickering Holt & Co.
Tags: south
finally
florida
gas
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