Nosedive

BP: North America ‘Operating at a Loss’ in 2Q

BP plc profits took a nosedive in the second quarter, in part because of $4.8 billion in one-time costs, which included a write-down on U.S. shale resources, a decision not to proceed with a flagship drilling project offshore Alaska, and the continuing impact of the Macondo well blowout.

August 1, 2012

Kodiak Shares Plummet Briefly Over Possible Liquidity Fears

Shares of Kodiak Oil & Gas Corp. took a nosedive on Tuesday, allegedly over concerns that the Denver-based independent energy company may be facing liquidity concerns.

October 7, 2011

Winter Still Around; Northeast Leads Continued Gains

Friday’s nosedive in petroleum-based energy futures (along with a modest retreat in the natural gas contract) failed to exercise its usual belated “following the screen” appeal in Monday’s cash market. Instead, physical prices extended their weekend gains Monday, boosted by fresh incursions of winter weather in the northern market areas and in the late going by renewed surges in Nymex’s energy products.

March 16, 2004

Bears Firmly in Control of Swing, Bidweek Markets

An expiration-day nosedive by the February futures contract,chilly but unremarkable weather for this time of year (despitesnowfall and icing in some northern market areas), and the prospectof more small storage withdrawal reports in coming weeks kept bearsin command of the cash market Monday.

January 30, 2001

EIA: Oil & Gas Reserves Nosedive

The Energy Information Administration dropped a pre-holidaydowner into U.S. festivities last Wednesday, reporting 1998 U.S.crude oil and natural gas reserve additions chased lower pricesdeep into the minus column.

November 29, 1999