Kingdom Hikes Petrol Prices to Offset Record 15% Budget Deficit Saudi Arabia knew there would be repercussions for its market-share-over-price strategy. The effects were apparent in its 2016 budget, released on December 28, 2015. In the first full year of sub-$50 oil prices in roughly a decade, Saudi posted a record deficit of approximately $98 billion (367 billion riyals) in
From Bloomberg More U.S. companies have defaulted on their debt this year than issuers from any other country or region, S&P analysts led by Diane Vazza wrote in a Dec. 24 report. As of last week, 111 companies worldwide had defaulted on their obligations, the highest tally since 2009 when the the figure hit 242 for the same period. About
Iran hands over uranium stockpile to Russia, takes major step toward fulfilling nuclear agreement
HollyFrontier Corporation Provides Update on Fourth Quarter Refinery Maintenance
Delays in natural gas supplies force offices and public buildings to turn down the thermostat Offices, malls, supermarkets and other buildings in Beijing have been told to lower their heat to no higher than 14 degrees Celsius (57 degrees Fahrenheit) in response to a shortage of natural gas. Fog and wind have delayed unloading tankers filled with liquefied natural gas
Fitch Rates Kansas City BPU Bonds ‘A+’; Outlook Stable
Zion Oil & Gas is Granted Approval of Their Exploratory Drilling Request (“Hafkada”) From Israel’s Northern District Committee
Atlas Resource Partners Announces Monthly Distribution For November 2015
Zion Oil & Gas Extends the Stock Unit Option Program
NY’s ESCOs Charged Highest Electric Prices in Nation Last Year; AARP Urges Probe
Keller Rohrback Investigating SoCal Gas’s Aliso Canyon Natural Gas Leak at Porter Ranch
Polar Pioneer was the Focus of Protests Just Months Ago Royal Dutch Shell (ticker: RDS.B) delivered some bad news for Transocean (ticker: RIG) as companies returned to their respective offices following an extended Christmas weekend. According to a RIG press release, Shell elected to cancel its contract for the Polar Pioneer rig, which was originally scheduled to expire in July
