Oil Slips From Highs as OPEC Meeting Date Remains as Planned
Oil has retreated from multimonth highs, extending losses in Europe, with the declines being driven by dwindling chances of an earlier-than-expected OPEC meeting, said DNB's Helge Martinsen.
Analysts Expect 110 Billion Cubic-Foot Injection in Natural-Gas Storage
U.S. government natural-gas data due Thursday are expected to show inventories rose last week by 110 billion cubic feet -- a larger-than-normal amount as mild weather and coronavirus closures reduced demand.
Infigen Energy Considering Response to UAC Takeover Bid
Infigen Energy said it is considering its response to a takeover bid by UAC Energy Holdings and that shareholders should take no action until its own board makes a formal recommendation.
Saudi Arabia, Russia Agree to Extend Production Curbs as Oil Recovers
OPEC delegates said the production agreement is a sign that many of the world's largest oil producers are confident that oil demand will return quickly as coronavirus lockdown restrictions ease around the world.
Libyan Warlord's Oil Foray Draws U.S., U.N. Scrutiny
The U.S. and other powers are investigating militia leader Khalifa Haftar's alleged efforts to raise funds through oil deals, including with Emirati brokers and with Venezuela.
Oil Rallies After Saudi Arabia and Russia Agree to Extend Supply Cuts
Oil prices ended higher after a volatile session, lifted by an agreement between Saudi Arabia and Russia to extend supply cuts through July.
Trump Makes Fresh Attempt to Resolve Saudi, Qatar Feud
The U.S. is now focusing on a dispute over airline flight rights in trying anew to mend a three-year-old rift between Qatar and its Arab neighbors that has divided the American allies and complicated American efforts to contain Iran.
Seadrill Says Another Bankruptcy Is an Option in Debt Talks
The offshore contract driller has hired legal and financial advisers for talks with senior creditors on restructuring its $7.5 billion debt load that could lead the company to make its second trip to bankruptcy court in less than three years.
U.S. Oil Inventories Fall, Fuel Supplies Surge Higher
U.S. crude-oil stockpiles unexpectedly fell by 2.1 million barrels last week, but gasoline and diesel fuel supplies rose sharply, government data showed.
Employees Criticize Diamond Offshore for Cutting Pay Despite Cares Act Money
Diamond Offshore wants to cut the pay of one of its rig crews by more than 20%, despite reaping benefits from the government stimulus program and making plans to pay about $10 million in bonuses to senior managers, according to a court filing.
