WTI Ends Flat on Weak Dollar, U.S. Data

U.S. benchmark oil prices ended virtually unchanged as a weak dollar offset a bearish weekly EIA report that showed a large rise in U.S. oil inventories, an increase in U.S. oil production and a decline in gasoline demand. 


 
U.S. Crude-Oil Inventories Rise as Refineries Slow Down

Crude-oil stockpiles unexpectedly climbed by 4.9 million barrels in the latest week, taking inventories about 19% above the five-year average, U.S. government data showed. Meanwhile, the refining capacity utilization rate surprisingly declined. 


 
Warburg Pincus Dials Back Investing in Oil and Gas

"Warburg Pincus will begin a transition away from investing in companies that are dependent on hydrocarbon pricing in the core global fund," said a person familiar with the firm's plans. 


 
Natural Gas Stockpiles Seen Up in Week

U.S. government data are expected to show that natural-gas inventories rose last week by 35 billion cubic feet, a slightly smaller amount than normal as hot temperatures continued to give a solid boost to summer cooling demand. 


 
Energy & Utilities Roundup: Market Talk

The latest Market Talks covering Energy and Utilities 


 
Supply Cuts Boost Canadian Oil Producers

Growing demand is pushing up prices for crude in Canada, helped by producers' cutbacks in the spring. 


 
Ohio House Speaker Arrested on Racketeering Charges

Larry Householder, a Republican, and several associates were arrested on racketeering charges related to a $1.5 billion bailout of two Ohio nuclear plants. 


 
Permian Tank, Goldman-Backed Oil-Industry Supplier, Files for Bankruptcy

The Odessa, Texas-based maker of storage tanks for energy exploration and production businesses sought protection from creditors Sunday in U.S. Bankruptcy Court in Wilmington, Del. 


 
Fracking Contractor BJ Services Slides Into Bankruptcy Wind-Down

TES Asset Acquisition, LLC, an affiliate of BJ Services' part-owner CSL Capital Management LP, has made an offer for some of the company's active fracking operations. 


 
Chevron Agrees to $5 Billion Takeover of Noble Energy

Chevron agreed to buy Noble Energy, in what would be the largest oil-patch tie-up since the coronavirus pandemic delivered a shock to the industry.