Oil Ticks Up Ahead of Crude Market Data Glut
Oil was higher in Europe as the market braces for a flurry of data releases this week including the latest inventory numbers as well as monthly reports from OPEC and the IEA.
Sasol to Report Loss in 2020
Sasol exports to report a loss of up $8.38 a share in 2020, after booking hefty impairment charges against a number of its assets.
EPA to Rescind Methane Regulations for Oil and Gas
The Environmental Protection Agency is preparing to end requirements that oil and gas producers detect and fix greenhouse-gas emissions.
A Race Against Time to Stop a Cargo Ship Breaking Up on a Mauritius Coral Reef
Rescue teams are racing to pump an estimated 3,000 metric tons of oil from a Japanese bulk carrier stranded on a coral reef off Mauritius before the ship breaks up entirely.
Utilities Lose Their Recession Spark
Traditionally seen as recession-proof, utilities have been underperforming the broader U.S. market in the current economic downturn. That may present a buying opportunity for investors harboring doubts about the latest bull market.
Riverstone's $1.8 Billion Fieldwood Energy Investment Put at Risk by Bankruptcy
Fieldwood Energy's second bankruptcy in two years threatens a nearly $2 billion bet by Riverstone Holdings in the offshore driller.
Aramco's Dividend Discipline Isn't Enough
Oil industry investors have been rocked by two jarring dividend cuts this year, but the biggest oil company of them all has stayed the course. That discipline will do little to attract foreigners to Saudi Aramco, though.
Businesses Charge Up Batteries to Corral Power Costs
As batteries capable of powering buildings get bigger and cheaper, businesses are increasingly looking to install them to gain more control over their electricity costs.
Pacific Drilling Considers Filing for Chapter 11
The offshore oil and gas drilling contractor said it might file for bankruptcy and it has started talks with a group of creditors about a restructuring.
Murray Energy Cleared to Poll Creditors on Chapter 11 Exit Plan
The coal company court approval to begin polling creditors on a revised bankruptcy exit plan and firmed-up financing designed to let it leave chapter 11 despite disruptions to its business caused by the coronavirus pandemic.
