Oil Prices Fall as Rising Covid-19 Cases Prompt Demand Concerns
Oil prices edged lower Friday to cap the second weekly decline since April, as investors adjusted expectations to account for rising crude inventories and surging U.S. coronavirus cases.
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.
U.S. Oil-Rig Count Falls by 1 in Latest Week, Baker Hughes Says
The number of rigs drilling for oil in the U.S. fell by 1 in the past week to 188, according to oil-field services company Baker Hughes.
Russian Fighters Help Tighten Rebel Control of Libya's Largest Oil Field
Mercenaries connected to the Russian government have joined forces with a rebel militia to hold Libya's largest oil field, European and Libyan officials said, prompting U.S. protests over foreign interference in the country's most strategic industry.
Sable Permian Files for Bankruptcy Amid Restructuring Talks
Out-of-court restructurings kept the oil-and-gas operator afloat for years, but 2020 proved too much.
Owners of Ailing Energy Trader Hit Back at Critical Report
The family owners of distressed energy trader Hin Leong Trading claimed unfair treatment after a report alleged serious irregularities, including a $3 billion-plus overstatement of its assets.
Energy & Utilities Roundup: Market Talk
The latest Market Talks covering Energy and Utilities
Utilities Team Up to Face Growing Cybersecurity Risks to Supply Chains
Southern Co. has joined American Electric Power in a partnership to vet vendors and analyze potential risks to the thousands of firms that comprise their supply chains, company officials said.
Energy & Utilities Roundup: Market Talk
The latest Market Talks covering Energy and Utilities
U.S. Blacklists Iranian Tanker Captains Accused of Delivering Gasoline to Venezuela
The U.S. has imposed sanctions on five Iranians for allegedly captaining blacklisted Iranian ships to deliver gasoline from Iran to Venezuela.
