PG&E Bondholders Propose $30 Billion Turnaround Plan
PG&E Corp. bondholders have challenged the California utility over control of its bankruptcy proceeding, offering Wall Street's version of a solution to wildfire liabilities that are estimated at $30 billion or more.
U.S. Oil Prices Slip Ahead of U.S. Data
U.S. oil prices ticked slightly lower, ending the session down 0.1% at $57.83 as investors await two weekly reports on U.S. oil inventories.
U.S. Crude-Oil Stockpiles Likely to Fall in DOE Data, Analysts Say
U.S. crude-oil stocks are expected to decline by 2.6 million barrels while gasoline stockpiles are expected to decline by 200,000 barrels in data due Wednesday from the Department of Energy, according to a survey of analysts and traders.
Energy Stocks Diverge From Oil Prices
Energy shares are sliding this week despite oil's climb-a divergence some analysts say could last if geopolitical tensions in the Middle East continue to escalate.
EPA Rule Would Have Impact Beyond Smokestacks
The Environmental Protection Agency's decision to scrap Obama-era climate rules for coal-power plants will have far-reaching repercussions if the order withstands legal challenges, advocates on both sides of the issue say.
Petronas Planning 2020 Budget on Oil Below $66
EXCLUSIVE: Malaysia's state-owned Petronas is adopting a conservative view on oil prices given trade and geopolitical uncertainties, planning next year's budget on the assumption that the average global crude price will be below $66 a barrel.
Energy & Utilities Roundup: Market Talk
The latest Market Talks covering Energy and Utilities
PG&E Bond Prices Jump, While Shares Fall
PG&E bond prices surged in heavy trading even as shares declined, a divergence that some analysts said reflects uncertainty about how much new equity the bankrupt utility needs to raise to address claims tied to past and future wildfires.
A Leader of America's Fracking Boom Has Second Thoughts
Pioneer Natural Resources, which once promised production to rival Libya, was part of a revolution that helped make the U.S. a global oil player. Now after years of overspending, the company is pulling back.
Trump Calls On Countries to Protect Own Ships in Strait of Hormuz
President Trump called upon countries to protect their own ships passing through the Strait of Hormuz and questioned why the U.S. has provided such protection for years "for zero compensation."