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News Highlights : Top Energy News of the Day

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04/15/2019 | 11:16am EDT
Oil Retreats from 5-month High as Russian Official Talks of Potential Bid for Greater Crude Share 
 

Oil futures were under pressure, pulling back from five-month highs notched last week, after Russia's finance minister said his country and OPEC may decide to boost output to fight for market share with the U.S.

 
Investors Handed an Oilman a 'Blank Check' Company. Here's How It Turned Out. 
 

Two years ago, investors handed veteran oilman Jim Hackett a $1 billion check and sent him to seek riches in shale drilling. Today, the company he founded with their money is teetering on financial ruin.

 
U.S. Destroyer Hunts for North Korean Oil Smugglers 
 

Powered by four engines similar to those used in Boeing 747s, the destroyer USS Milius raced to a site in the East China Sea where vessels were suspected to be secretly shifting oil to a tanker bound for North Korea.

 
Energy & Utilities Roundup: Market Talk 
 

The latest Market Talks covering Energy and Utilities

 
Chevron to Buy Anadarko Petroleum in $33 Billion Deal 
 

Chevron is acquiring independent exploration company Anadarko in a $33 billion deal, as it looks to strengthen its position in large shale projects, as well as deep-water and natural gas resource basins.

 
U.S. Oil Rig Count Rises Second Straight Week 
 

The number of rigs drilling for oil in the U.S. rose by two in the past week to 833, according to oil-field services company Baker Hughes.

 
Petrobras Shares Hit on Signs Government Interfered With Fuel Pricing 
 

Petrobras shares retreated on concern that the Bolsonaro administration changed course and interfered in the Brazilian oil company's pricing policy.

 
Energy & Utilities Roundup: Market Talk 
 

The latest Market Talks covering Energy and Utilities. Published exclusively on Dow Jones Newswires throughout the day.

 
China's Sinochem Will Sell Logistics Arm in Rare Privatization Move 
 

A Chinese coal magnate is set to buy the logistics arm of China's industrial conglomerate Sinochem International Corp., in the biggest-ever takeover of a state-run fleet by a private company.

 
U.S. Natural-Gas Market Is Taking Cues From China 
 

The rise of the U.S. as a major exporter of liquefied natural gas has linked the price of gas in Louisiana to the weather in China-adding pressure on already low U.S. prices.

Stocks mentioned in the article
ChangeLast1st jan.
EURO / BRAZILIAN REAL (EUR/BRL) 0.02% 4.2245 Delayed Quote.-5.01%
WTI -3.35% 57.45 Delayed Quote.32.38%
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