Lekoil to Probe Potentially Fake Loan
Lekoil has begun an investigation into a possibly fraudulent $184 million loan agreement it entered into with people apparently falsely claiming to represent the Qatar Investment Authority.
Russians Breached Burisma During Impeachment Probe
Hackers believed to be affiliated with Russia's military breached the Ukrainian company where former Vice President Joe Biden's son had served on the board as it became a focus of the impeachment inquiry, according to a U.S. cybersecurity firm.
Oil Extends Decline After Suffering Biggest Weekly Fall in Months
Oil futures moved lower, extending recent losses as Middle East tensions helped trigger the U.S. benchmark's biggest weekly drop in more than five months.
Unwind of Bullish Oil Bets Could Limit Crude-Price Gains
A pullback in bullish oil bets could tamp down crude prices with tensions in the Middle East subsiding, a rapid shift after the U.S.-ordered killing of a top Iranian military leader had some traders positioning for further gains earlier this month.
Energy & Utilities Roundup: Market Talk
The latest Market Talks covering Energy and Utilities, published exclusively on Dow Jones Newswires.
Aramco Adds to Record IPO
Saudi Aramco said it netted an additional $3.8 billion from its record initial public offering as it sold more shares to meet investor demand, boosting Crown Prince Mohammed bin Salman's war chest to reshape the country's oil-dependent economy.
Russian Gas Pipeline to Europe Faces Delay
Russian President Vladimir Putin said a major Russian gas pipeline to Europe would be delayed due to U.S. sanctions, a slight setback to a German-Russian venture that has become a flashpoint in both countries' relations with Washington.
Exxon Considers Sale of Oil Assets in Equatorial Guinea
Exxon Mobil is in talks to sell its oil assets in Equatorial Guinea, the country's oil minister said, and might be replaced by a Russian company.
Behind Maduro's Latest Power Play: Reviving Venezuela's Collapsed Oil Industry
The Venezuelan president's battle for control of the National Assembly is an attempt to ensure the government's long-term survival by bringing in Russian, Chinese and other investors to revive the country's collapsing crude production.
Oil Logs Worst Week Since July as Iran Tensions Ease
Crude-oil prices retreated Friday, giving the commodity its largest weekly drop since mid-July as traders anticipated plentiful supply and played down tensions that flared up earlier in the Middle East.