©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.

Maersk profits hit by low freight rates

Shares still rise as group maintains full-year guidance

Ingram Pinn illustration

Airlines will keep flying for no money

Air travel is far from being a pleasant experience but it has become a cheap and flexible one

Oil loses steam despite Alberta wildfires

Potential outages in Canada offset by higher US crude stocks

Shell speeds up cuts as oil price bites

Group pledges to accelerate savings from £35bn BG takeover

Petrobras sells more than $1.3bn in assets

Scandal-hit Brazil oil group offloads assets in Argentina and Chile

China ‘teapots’ buy more oil globally

Independent groups move quickly to source crude from market

Halliburton blames DC for failed deal

Oil price slide could have forced disposals at fire sale prices

US producers fall victim to low oil price

Ultra and Midstates’ woes propel default rate to fresh record

Eurozone growth contradiction explained

Yawning output gap is one reason why inflation remains so weak

Commodity prices rise sharply in April

S&P GSCI total return advanced 10.1% last month

©PA; Dreamstime; Getty Images

Pastille power to Glenfiddich gas

Some of the projects in Great Green Britain

Exxon beat fails to bolster energy stocks

Gains in recovering sector diminish slightly by week’s end

Exxon and Chevron hit by crude price rout

Losses on US oil and gas production drag both companies lower

April oil price gain nears seven-year record

Weak dollar and declining US production ease oversupply concerns

Scepticism over Saudi sell-offs

Scope of transformation massive for cradle-to-grave society

Saudi reform: not all about oil

Kingdom’s economic reforms depend on its labour market

Conoco Phillips
©Bloomberg

Conoco slashes rigs numbers and spending

Oil industry pressure remains intense despite rebound in prices

Libya regime’s oil group defies UN ban

Tanker barred from Malta drops anchor in international waters

Energy share rally shores up broad market

Technology sector under further pressure after Apple disappoints

Generic pictures of airplanes including the A380 and Boeing 747 queuing at Heathrow Airport to go with Colin Mathews, CEO of Heathrow Airport I/V.

Unexpected consequences of oil slump

Aircraft ‘bubble’ may take toll on leasing companies

Oil price hits highest level since November

Dollar weakness and signs of easing in supply boost Brent and WTI

Total returns to first-quarter profit

Oil group beats forecasts thanks to better refining performance

Nigeria import curbs drain ports of life

Move to preserve foreign reserves hits customs revenue and jobs

US and European stocks edge up with oil

Caution ahead of earnings rush and central bank meetings

Pioneer climbs on oil output optimism

Energy and materials support modest advance in S&P 500

Cyber warfare: Iran opens a new front

With its nuclear programme curbed, digital weaponry has become even more central to Tehran’s arsenal

Freeport to cut quarter of oil jobs

Efforts to find buyer for crude business stall

S&P strips Exxon of prized triple A rating

Oil price rout puts strain on US group’s balance sheet

BP: fit bit

The oil group has run hard but gone nowhere

S Korea’s Hyundai Heavy returns to profit

World’s top shipbuilder buoyed by non-core businesses

BP profits climb on trading and refining

Impact of low oil price felt at exploration and production arm

Husky Gas Station at Downtown Edmonton, Alberta Canada. Jasper Ave
©Myke2020/Wikimedia

Li Ka-shing pumps $1.3bn into Husky Energy

HK tycoon to boost Canadian producer as crude price fall takes toll

Fitch warns on rising BDC debt levels

Vehicles that lend to midsized groups face leverage constraints

Sweeping Saudi plan set to rattle kingdom

Prince’s ambition will test social fabric of conservative state

A bold bid to transform Saudi’s economy

It would be dangerous to disappoint hopes of a less stifling society

Will Saudi’s ambitious reforms work?

Mohammed bin Salman hopes to rebalance its economy away from oil, writes David Gardner

IMF cuts Gulf GDP growth forecast to 1.8%

Oil-dependent region lowers spending to contain fiscal deficits

Offshore rig operators reel from oil rout

Seadrill, Ensco and others report losses as producers curtail costly projects

oil drum barrel dreamstime

Citi’s commodity trading profit rises 50%

Bank reaps benefits of investing in business as rivals pull back

Nigeria oil output forecasts drop sharply

Promised overhaul of state-owned oil group remains unclear

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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