Aramco Pursues Stake in Indian Oil Refiner
Saudi Arabia's state oil company is in early stage talks to take a stake in the Indian operator of the world's largest crude refining facility, a deal that would help fulfill its goal of matching the kingdom's production with refining outlets.
PG&E's Path to Bankruptcy Was Paved With $100 Million of Advice
Before it entered bankruptcy, PG&E Corp. paid more than $100 million for professional advice on how to fend off blame for years of deadly wildfires and, when that failed, how to take cover in chapter 11, new court papers show.
Libya Fighting Hits Plan to Revive Oil, Gas Industry
A fight for control of Libya's capital is disrupting plans to revive Libyan oil and gas production, the country's oil chief said, raising the risk of a global increase in crude prices.
Judges Approve Settlement Between McKinsey and Justice Department
A panel of judges approved a $15 million settlement between McKinsey and the Justice Department, resolving government allegations that the consulting firm didn't disclose conflicts of interest in bankruptcy cases it helped steer.
Analysts Expect 86 Billion-Cubic-Foot Rise in U.S. Natural-Gas Inventories
U.S. government natural-gas data due Thursday are likely to show stockpiles last week rose by 86 billion cubic feet -- much more than normal for this time of year because of rising production and springtime temperatures that are keeping demand low.
U.S. Crude Oil and Fuel Inventories Decline
U.S. inventories of crude oil unexpectedly declined by 1.4 million barrels last week and are now about 2% below the five-year average for this time of year, according to government data.
Hedge Fund Slammed by Oil Looks to Take Riskier Bets
Pierre Andurand, a prominent oil hedge-fund manager who lost big during last year's price slump, is launching a new fund that takes on more risk as a way to benefit from crude's recovery.
Energy & Utilities Roundup: Market Talk
The latest Market Talks covering Energy and Utilities
Entergy to Sell Indian Point Nuclear Facility
The company had already announced plans to close the Westchester County, N.Y., site by 2021 after over a decade of environmental and safety litigation with New York state.
Three Hedge Funds Win Big in PG&E's Complex Restructuring
A sharp rebound in shares of PG&E has left three hedge funds that own 10% of the stock sitting on a roughly $700 million gain.