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Tag: glut
Oil prices drop due to doubts of freezing output impacting supply glut
2016-02-23 01:00:00| Offshore Technology
Oil prices have fallen more than 2% due to doubts of whether freezing output will have any impact on the global oversupply.
Oil glut 'threatens price recovery'
2016-02-09 14:48:09| BBC News | Business | UK Edition
A recent rise in oil prices is a "false dawn" and the oversupply of crude is set to worsen, according the International Energy Agency.
Tags: price
oil
recovery
threatens
Oil Extends Slide Below $30 as U.S. Supplies Seen Expanding Glut
2016-02-03 17:39:46| Oil & Gas - Topix.net
Oil extended its decline below $30 a barrel after the biggest two-day drop in almost seven years as U.S. industry data showed crude stockpiles increased, exacerbating a global surplus. Futures decreased as much as 0.7 percent in New York after falling 11 percent the previous two sessions, the most since March 2009.
Bankruptcies Won't Necessarily Slow the Coal Glut
2016-01-28 14:31:00| Climate Ark Climate Change & Global Warming Newsfeed
Bloomberg: Production at coal miners that declared bankruptcy in the past four years rose 3 percent on average, through the third quarter, an analysis of four companies by Bloomberg Intelligence shows. Mines formerly owned by James River Coal Co. posted a gain of 31 percent. Stockpiles held by utilities ended 2015 at a six-year high, data from the Energy Information Administration show. Some of the failed companies have restructured debt. Others have sold mines at bargain prices to former rivals. The glut...
Tags: slow
necessarily
coal
bankruptcies
Crude oil prices slide due to supply glut
2016-01-25 01:00:00| Offshore Technology
Crude prices have fallen again due to ongoing concerns about the global oversupply, with a snowstorm increasing demand for heating oil in the US.
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