Oil Climbs After Bullish API Data

Oil was higher in Europe with the latest API data that reportedly showed a drop in U.S. inventories behind crude's rise, according to ING's Warren Patterson. 


 
E.ON Cuts Forecasts Despite Profit Rise

Germany's E.ON posted a 32% jump in second-quarter adjusted earnings, boosted by its takeover of Innogy, but revised down its outlook for the year. 


 
Ex-Mexican President Enrique Peña Nieto Accused of Corruption by Former State-Oil Chief

The former head of Mexico's state-oil company accused former president Enrique Peña Nieto and his former finance minister of instructing him to funnel bribes to the 2012 presidential campaign, the country's Attorney General said. 


 
U.S. Crude-Oil Stockpiles Likely to Decline in DOE Data, Analysts Say

U.S. crude-oil stockpiles are expected to decrease two million barrels while gasoline stockpiles are expected to decrease by 800,000 barrels in data due Wednesday from the Energy Department, according to a survey of analysts and traders. 


 
Occidental: Anadarko Casts a Long Shadow

Occidental Petroleum's startling loss last quarter shows it will take a while for the company to shift the narrative away from the story of its outsized Anadarko acquisition. 


 
Sasol to Report Loss in 2020

Sasol exports to report a loss of up $8.38 a share in 2020, after booking hefty impairment charges against a number of its assets. 


 
EPA to Rescind Methane Regulations for Oil and Gas

The Environmental Protection Agency is preparing to end requirements that oil and gas producers detect and fix greenhouse-gas emissions. 


 
A Race Against Time to Stop a Cargo Ship Breaking Up on a Mauritius Coral Reef

Rescue teams are racing to pump an estimated 3,000 metric tons of oil from a Japanese bulk carrier stranded on a coral reef off Mauritius before the ship breaks up entirely. 


 
Utilities Lose Their Recession Spark

Traditionally seen as recession-proof, utilities have been underperforming the broader U.S. market in the current economic downturn. That may present a buying opportunity for investors harboring doubts about the latest bull market. 


 
Riverstone's $1.8 Billion Fieldwood Energy Investment Put at Risk by Bankruptcy

Fieldwood Energy's second bankruptcy in two years threatens a nearly $2 billion bet by Riverstone Holdings in the offshore driller.