©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.

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

‘Bulldozer’ builds for the future

The latest budget shows a shift from current to capital spending

Premier Oil. Natuna Field. Indonesia 2011

Premier Oil boosted by weak pound

Exchange rate provides $100m saving on North Sea development

Saudi oil production rises

Self-reported numbers are higher than Opec estimates

Saudi Arabia hikes output in June - Opec

Production climbs as peak summer demand period arrives

Can the S&P rally survive an oil relapse?

Correlation into negative territory as WTI dribbles to two-month lows and US index nears record high

Sinking deeper into our addiction to oil

The world’s dependence on the Middle East is growing

Gold set to top two-year winning streak

Investors seek shelter from turbulent markets

Brent crude poised for biggest weekly drop since Jan

Oil falls on easing supply disruptions and product glut worries

SQM’s lithium plant in the Atacama desert, Chile
©Cristóbal Olivares

Lithium: Chile’s buried treasure

The metal could be the white petroleum of the future — and the country has vast reserves of it. Henry Sanderson reports from the Atacama desert

US oil slips below $45 on stockpile data

Benchmark gasoline is down 10% this week and weighs on crude

Brexit and sterling: burn, baby, burn

A weaker currency has upsides, as corporate news shows

Eni receives interest for stake in Zohr

Deal for gasfield off Egypt’s coast could be completed next year

Sannazzaro De Burgondi, Pavia, ENI refinery, ENI Ceo Claudio Descalzi
©Alberto Bernasconi

Eni: A pipeline to profit

Italy’s largest company focuses on oil exploration and production but may be too exposed to risk

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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