PG&E Negotiating Possible Bondholder Deal Over $5.8 Billion Premium Demand
During a brief appearance in a San Francisco bankruptcy courtroom Tuesday, PG&E lawyer Stephen Karotkin gave no details of a possible deal but said it was involved in "constructive negotiations" to resolve a payment dispute PG&E estimates could cost more than $5 billion. Bondholders put the figure at $5.8 billion.
Oil Ends Higher On Trade Optimism
U.S. oil prices end 0.3% higher, putting an end to a five-session streak of declines as investors weigh whether the market overdid the recent selloff, especially with a looming U.S.-China phase one trade deal that could be bullish.
Energy Companies Seize the Day With Bond Refinancings
A surprise rally in riskier corporate bonds is providing much-needed help to some energy companies with lower credit ratings, allowing them to issue new bonds to push back looming repayment dates.
U.S. Crude-Oil Stockpiles Seen Down in Week
Government data are expected to show that U.S. crude-oil inventories declined by 1.1 million barrels in the latest week, while gasoline stockpiles are seen increasing by 3.2 million barrels, according to a survey of analysts.
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.
European Powers Put Iran on Notice Over Nuclear Deal
Britain, France and Germany took a first step toward reimposing international sanctions on Iran, seeking to pressure Tehran into returning to compliance with the 2015 pact that has limited the country's nuclear activities.
Energy & Utilities Roundup: Market Talk
The latest Market Talks covering Energy and Utilities. Published exclusively on Dow Jones Newswires throughout the day.
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.
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.
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.