Oil Falls Ahead of Key Supply Data
U.S. benchmark oil prices fell early in NY ahead of pivotal reports on weekly U.S. oil inventories.
Exxon Mobil Resists Write-Downs as Oil, Gas Prices Plummet
As its peers write down U.S. shale assets by billions of dollars amid lower energy prices, Exxon Mobil stands increasingly alone in not adjusting the value of its holdings, and some accountants are questioning why.
Coronavirus Sends Oil Prices on Wild, Six-Month Ride
U.S. crude's 94% advance this quarter puts oil on track for its largest quarterly percentage gain in 30 years.
Shell Takes $22 Billion Write-Down, Expecting Lower Oil and Gas Prices
Royal Dutch Shell is writing down the value of its assets by up to $22 billion because of lower energy prices following the demand-sapping coronavirus pandemic.
Energy & Utilities Roundup: Market Talk
The latest Market Talks covering Energy and Utilities
Chesapeake Energy to Start Tapping $925 Million Bankruptcy Loan
The oil-and-gas producer has been cleared to begin drawing on a $925 million bankruptcy loan, a crucial first step in its plan to eliminate billions of dollars of debt from its balance sheet in chapter 11.
BP Exits Petrochemicals Business in $5 Billion Deal
Energy giant BP has agreed to sell its petrochemicals business to British chemicals company Ineos for $5 billion, marking the largest deal by an oil major since the new coronavirus was declared a pandemic.
Russia Reinforces Foothold in Libya as Militia Leader Retreats
Moscow is sending reinforcements to Libyan military leader Khalifa Haftar while shopping for new allies in the divided country, as Moscow seeks to shape the fate of the nation and its oil reserves.
Rio Tinto, Mongolia Reach Agreement on Domestic Power Supply for Oyu Tolgoi
Rio Tinto said it has reached agreement with Mongolia's government on domestic power supply to the Oyu Tolgoi copper mine.
Frac-Sand Supplier Hi-Crush Negotiating Chapter 11 Bankruptcy
Hi-Crush Inc., which supplies oil and gas companies with sand used in fracking, is negotiating the terms of a chapter 11 bankruptcy with lenders following a sudden decline in business stemming from plunging crude prices and disruption from the coronavirus pandemic.