The second quarter saw a remarkable plunge in refining margins, taking away the one source of comfort for the integrated oil majors.
Low oil prices are impacting Chinese oil for loans deals, forcing Venezuela and Ecuador to ask for restructured agreements as they remain mired in debt and strapped for cash.
The oil majors are living off of yesterday’s discoveries, and choosing to pay shareholders at the expense of future growth.
Cheap debt—the instrument that enabled the tight oil boom to take place to begin with—is now its greatest vulnerability. An expert panel discussed the various financial instruments being used to manage and restructure the long shadow of debt over the industry.
At the Independent Petroleum Association of America's investment symposium, a small number of well-positioned companies are explain how they have survived the price downturn, and express significant optimism for what's to come.
North American crude oil producers are not cash flow positive, and haven’t been since the beginning of the shale boom. With oil prices set to stay low, here's how the sector will rebalance itself.
Shale drillers, with diminishing access to inexpensive debt and the cushion of price hedges, face a murky outlook as oil prices seem unlikely to rebound.