Oil Losses Soften As OPEC+ Leaders Brace For Cheat Spat
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.
Natural Gas Stays Higher After Storage Data
Natural gas prices remain slightly higher after an EIA report shows a smaller injection than analysts expected.
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.
Energy & Utilities Roundup: Market Talk
The latest Market Talks covering Energy and Utilities
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.
