RUS | ENG | All
Enter the email or login, that you used for registration.
If you do not remember your password, simply leave this field blank and you will receive a new, along with a link to activate.

Not registered yet?
Welcome!

2015-08-05 18:30:00

US OIL DEFAULT

US OIL DEFAULT

Moody's Investors Service says it expects more US oil companies to default as banks tighten lending standards and as contracts that locked in higher crude prices for future production start to expire, according to Fuel Fix.

The agency's oil and gas liquidity stress index rose to 10.4% in June, up from 3.8% a year ago. While Moody's predicts that the energy sector will continue to be a primary driver of defaults in 2016, its stress index is still well below the index's peak of 26% during the 2009 financial crisis.

On Aug. 3, US crude prices fell to $45 a barrel. In July, the average price was $60 a barrel. Banks are starting to tighten up their lending standards, further draining liquidity out of the market.

Fuel Fix reported that, in April through June, seven defaulting companies included Halcon Resources Corp., Midstates Petroleum Corp., Sabine Oil & Gas Corp., Venoco, American Energy Partners' Woodford unit, Warren Resources, and RAAM Global Energy Co. In June, Sabine filed for Chapter 11 bankruptcy protection, becoming the sixth public American oil producer to do so in 2015.

ogfj.com

More: 

1Q2015 WORLD OIL & GAS KEY POINTS   

US OIL WILL DOWN 91,000 

US DEBT: THE GREATEST  

US DEFICIT UP $41.9 BLN 

US JOBS DOWN 

US GDP DOWN

 

 

 

 

Tags: US, OIL, PRICES
Chronicle:
US OIL DEFAULT
2022, June, 28, 11:44:00
6TH ANNUAL LNG SUMMIT USA
The 6th Edition of Wisdom’s Much Acclaimed Annual LNG Summit Will Be Held Live in Houston - PREPARING THE INDUSTRY FOR THE RISE IN DEMAND FOR LNG
US OIL DEFAULT
2022, June, 28, 11:43:00
9TH INTERNATIONAL LNG CONGRESS LNGCON 2023
9th International LNG Congress (LNGCON 2023) 6-7 March, 2023 Link to the Congress website: https://bit.ly/3tXVmr7
US OIL DEFAULT
2022, June, 28, 11:40:00
S.KOREAN NUCLEAR SUPPORT
South Korea’s new president, Yoon Suk-yeol, said on 22 June that in order to rebuild the nuclear industry that was “devastated by the previous administration”, the government will allocate KRW92.5 billion ($70 million) from the energy budget for the restoration of nuclear power generation capacity.
US OIL DEFAULT
2022, June, 28, 11:35:00
U.S. SMR FOR ROMANIA
Romanian company Nuclearelectrica and NuScale will cooperate with the US Trade and Development Agency (USTDA) on a series of engineering and design activities and studies, as well further technical analyses of the Doicești site, a former thermal power plant site which has been identified as a potential location for the SMR plant.
US OIL DEFAULT
2022, June, 28, 11:30:00
U.S. SOLAR POWER 25%
US Energy Information Administration reports a capacity factor of 25% for solar generation.
US OIL DEFAULT
2022, June, 28, 11:25:00
AUSTRALIAN SMART ENERGY
As energy is of national importance, a national policy, national rules and regulations are necessary. At the same time, we are facing massive changes in the energy sector.
US OIL DEFAULT
2022, June, 27, 11:45:49
OIL PRICE: BRENT NEAR $113, WTI ABOVE $107
Brent edged down 8 cents to $113.04 a barrel , WTI was at $107.38 a barrel, down 24 cents.
All Publications »