Peter Conway

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Reports Of The Energy Industry's Demise Greatly Exaggerated

We took a stab at assessing the impact of October borrowing base redeterminations on a set of high yield borrowers on which we get the most questions. Reading accounts in the press you might believe that upstream operators are buckling under crippling debt loads. We beg to differ. Most of the high …

Oil nations feel the strain of  Opec’s continuing price war

Crisis-hit Venezuela to press for change in policy, reports Andrew Critchlow<p>Almost a year ago Rafael Ramirez, Venezuela’s long-serving former oil minister, emerged from a tense meeting of the Organisation of the Petroleum Exporting Countries (Opec) looking red faced and furious.<p>Within the privacy …

Oil

Oil price wars: Russia hints at squeeze in production

Russian oil producers are getting squeezed.<p>Russia's deputy prime minister Arkady Dvorkovich said low prices have caused reduction in investment and could soon lead to decline in output.<p>"It's quite possible that if oil prices remain at the low levels for long, oil production could decline, as had …

ConocoPhillips Fires 10% Of Global Workforce, Warns Of "Dramatic Downturn" To Oil Industry

Remember when the oil crash was supposed to be "unequivocally good" for the global economy and the US consumer, only for this to be disproven as the …

Iranian Oil Minister: Output to Return After Sanctions Lift, $80 Crude Would Be 'Fair'

Most OPEC members would like to see crude prices at $70 to $80 a barrel and the producer group doesn’t need to coordinate with other oil suppliers to …

Egypt gas find sparks panic in Israel about Israeli reserves

The government is currently struggling to get parliament to approve its natural gas business plan, but observers fear Israel may need to reassess everything now that Egypt, which had been cast as both an export destination and a partner, may have found its own independent solution.<p>Israel's offshore …