©Bloomberg

OIL PRICES

The oil industry is being shaped by one of the most dramatic price movements of recent times that has changed the corporate landscape for oil companies, created a windfall of lower energy costs for oil consumers and has huge implications for the economies of oil exporters.

BP bullish despite falling profits

Chief Dudley says group has drawn a line under Deepwater Horizon

A map of renewable and fossil fuel subsidies

Government support for ‘dirty’ fuels across the world still exceeds that for renewables

In March 2016, the first LNG cargo from the Gorgon Project was successfully loaded and set sail from Barrow Island.
©Chevron

Dismal delivery puts big oil projects at risk

The majors can no longer afford delays or cost overruns on ‘megaprojects’

Tough times generate energy efficiency

Impressive progress is being made to reduce the cost of power

David Cameron: ‘While I completely believe in the idea, the technology is not working’
©Charlie Bibby

High ambitions for carbon capture falter

Governments have been scaling back their support for emission reduction schemes

Indian workers construct part of the France-India Solar Direct Punjab Solar Park project in Muradwala
©AFP/Getty Images

Fossil fuels lose out to renewables

Old certainties no longer hold sway as new plans for energy supply surprise

US energy sinks on oil supply fears

Sector by far the worst performer amid retreat for main indices

Glencore Russneft stake cut by debt deal

Oligarch founder of Russian oil group in debt-for-equity swap

Brent falls below $45 as short positions rise

Hedge funds increase bearish bets

Golub to chair boutique energy company

Former Amex head takes equity stake in HudsonField

Economic downturn bites in Dubai

Crude slump forces Gulf governments to cut spending

Matthew Staver Workers move pipe for part of the Kinder Morgan, Inc. Rockies Express Natural Gas Pipeline just outside Laramie, Wyoming 8/28/06

Landscape shifts for pipeline operators

Once-staid US sector knocked by volatility and uncertainty over high dividend levels

James Fisher profits on land and sea

Pelican an appropriate symbol for the 165-year-old maritime services group

US oil rigs: bit of news

Surge in rig count with production growth blended less productive older rigs with more efficient newer ones

Oil price unsettled by gasoline glut

Brent and WTI both decline sharply as gasoline glut looms

North Sea faces first big strike in decades

Workers protest at pay cuts as 120,000 jobs go from industry

Oil’s zigzag recovery poses questions

High stock market values and discounted bond prices offer opportunities to investors

India eyes oil demand growth top spot

Industrialisation drive piques interest of energy companies

JPMorgan oil trader takes over commodities

Katz appointed as bank rebuilds presence in commodity markets

US gasoline stockpile continues to rise

Summer driving season fails dent stocks

Halliburton predicts US oil turnround

Worst for industry now over, says Lesar

IMF forecasts Nigeria to contract 1.8%

Low oil prices plunge nation into deepening economic crisis

Nigeria oil production on the brink

Money alone cannot buy the peace. The region needs a master plan

Offshore image Enquest oil

EnQuest plans stake sale in key oilfield

Move to reduce UK company’s debt amid fall in crude prices

Militants strike at heart of Nigeria oil

Insurgency reflects anger at poverty in resource-rich Niger Delta

Exxon makes bid for InterOil in PNG push

Board says US group’s proposal ‘superior’ to $2.2bn Oil Search bid

Azerbaijan hits at IMF oil price response

Finance chief says stigma of borrowing from fund a barrier to help

US oil group seeks limit on crude imports

Middle East’s share of world oil supplies risen to 35% since 2014

Turkey holds crucial place on oil routes

Oil movements by sea and pipeline raise implications for markets

No rush back to big oil projects

Projects making progress share characteristics that make their economics more appealing

Leveraged loans break lockstep with oil

Prices are marching higher and show no signs of stopping

BP draws line under Gulf spill costs

$5.2bn pre-tax charge brings company’s final bill to $61.6bn

Downstream glut threatens oil recovery

Gasoline and diesel surplus to disrupt crude price rebound

Is cheap oil good for the global economy?

The old view is largely correct, say two experts

A6FY1C Brent Delta North Sea
©Brian Jobson / Alamy

Shell braced for North Sea strike

Maintenance workers at Wood Group vote for industrial action

KMG sweetens offer for London-listed unit

Kazakh state oil company’s proposals have run into opposition

Elevated stocks raise oil stability fears

Road to equilibrium far from smooth, warns energy body

US shale is lowest-cost oil prospect

Reserves likely to attract more investment than deepwater fields

IEA: High stocks a threat to oil market

Supply glut moving downstream to gasoline and products

Oil traders’ affair with Yahoo Messenger ends

Alternatives sought to replace dominant instant messenger service

FT SERIES

A new series about the far-reaching implications of the protracted slump in oil prices

Offshore rig operators reel from oil price rout
Seadrill, Ensco and others report losses as producers curtail costly projects

Corporate winners and losers amid the oil price crash
Airlines are beneficiaries of cheap fuel, but consumer goods groups are not getting a big boost

Oil price: ‘Shot in the arm’ misses economic target
A lacklustre global economy is yet to reap the benefit of consumers spending less at the pump

US oil and gas sector reboots to survive
Groups have cut costs to the bone but some with large debts risk bankruptcy

Saudi Arabia loses oil market share to rivals in key nations
World’s largest oil exporter suffers setback amid low prices

Rosneft runs to stand still amid oil crash
Russian oil sector needs to invest to maintain output

Get the data: Energy debt
See the funds exposed to junk energy debt

Oil and gas: Debt fears flare up
The $3tn debt mountain following the sector’s borrowing binge threatens further destabilisation

Bondholders suffer $150bn oil price hit
Rising default fears cut $2.3tn from energy groups’ market value

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