“Yes, it Was a Brutal Week for the Oil & Gas Loan Sector” by Wolf Richter • Dec 8, 2014 • Comments Off on “Yes, it Was a Brutal Week for the Oil & Gas Loan Sector” Junk debt explodes. Yields go exponential. Offshore drillers hit the worst.
Norway May Need to Build Post-Oil Economy Pronto by Oilprice.com • Dec 8, 2014 • 1 Comment New oil projects get scrapped amid falling production and plunging prices.
Oil and Gas Bloodbath Spreads to Junk Bonds, Leveraged Loans. Defaults Next by Wolf Richter • Dec 7, 2014 • 11 Comments Revenues, earnings plunge. Liquidity dries up. Stocks eviscerated.
Canada’s LNG Export Dreams Go to Heck by Oilprice.com • Dec 6, 2014 • 1 Comment Done in by the plunging price of oil.
How Financial Engineering Wreaks Havoc on the Price of Oil by Oilprice.com • Dec 5, 2014 • Comments Off on How Financial Engineering Wreaks Havoc on the Price of Oil Delivering counter-intuitive price action even if fundamentals improve.
Mexico on the Verge of a New Tequila Crisis? by Don Quijones • Dec 3, 2014 • 1 Comment Toxic mix: plunging oil price, soaring debt, itchy hot money, and public rage.
Oil War Pushes Venezuela Over Brink, Probability of Default Soars to 84% by Wolf Richter • Dec 2, 2014 • 5 Comments Out-of-money date is April. Fears that chaos will “lead to barbarity and people looting.”
Saudi Arabia Declares Oil War on US Fracking, hits Railroads, Tank-Car Makers, Canada, Russia; Sinks Venezuela by Wolf Richter • Dec 1, 2014 • 12 Comments The bloodletting is spreading.
OPEC Refuses to Cut Production, Oil Plunges off the Chart by Wolf Richter • Nov 27, 2014 • 9 Comments It’s Thanksgiving, and there’s chaos in the oil market (very ugly chart).
Just in Time for Winter: Utilities Face Coal Shortages Due To Rail Congestion by Oilprice.com • Nov 26, 2014 • 3 Comments A harsh winter, like last year’s, could wreak havoc.
