Oil Edges Up as Saudi Uncertainty Remains
Crude futures were higher in Europe as the market remains firmly focused on developments in Saudi Arabia.
EDF: No Immediate Action Needed on Nuclear Reactor Parts
French utility EDF said no immediate action was needed to rectify potential problems with some nuclear-reactor parts identified by technical investigations.
Saudi Arabia Set to Return to Normal Oil Production Levels by End of Month
Saudi Arabia will soon restore most of its oil output and return to normal production levels in weeks, the country's energy ministry said.
U.S. Crude-Oil Stockpiles Seen Down in Week
Government data are expected to show that U.S. crude-oil inventories declined by 2.7 million barrels last week, while gasoline stockpiles are seen down by 1.2 million barrels, according to a survey of analysts.
Ultra Petroleum Wins Temporary Relief From Lenders
Ultra Petroleum won a temporary reprieve from its lenders, which agreed to suspend requirements that it hit certain earnings targets in return for the company's commitment to stop spending money on drilling new wells.
Tanker Operators Look to U.S. to Replace Saudi Oil Cargoes
U.S. crude shipments are set to rise as major Asian importers look to replenish supplies after attacks on Saudi Arabia's oil facilities took out a big chunk of global oil output.
Oil-Thirsty Asia Feels the Strain After Saudi Attack
Effects from an attack on Saudi Arabia's oil infrastructure this past weekend threatened to ripple across Asia, which has spent much of the past year increasing its reliance on crude exports from the kingdom.
Frackers to Stand Pat, Reap Profits After Attacks on Saudi Oil
U.S. shale companies aren't planning to fill the void in global crude supplies left by an attack on Saudi Arabia's top oil facilities. Instead, producers hope to profit from price increases caused by the disruption.
OPEC, Russia to Hold Off Pumping More Oil After Attacks in Saudi Arabia
OPEC and Russia are so far holding off pumping more oil to fill potential gaps in global supplies after an attack in Saudi Arabia over the weekend led to a major crude disruption, officials said.
Energy Transfer to Buy SemGroup
Energy Transfer LP said it will buy SemGroup in a unit and cash transaction valued at $17 a share, or a total consideration including the assumption of debt of $5 billion. SemGroup's shares soared on the news.