Oil Retreats Sharply From 3-Month High

Oil prices continue to slide sharply after closing Wednesday at a three-month high. 


 
Natural Gas Holds Gains After Storage Rise

Natural gas prices remain higher after a storage report shows gas-in-storage rose last week by an amount close to what's typical for this time of year. 


 
PG&E Launches Hunt for $20 Billion for Bankruptcy Exit

PG&E Corp. is asking a bankruptcy judge for an order allowing it to go to market to sell $20 billion worth of new debt and equity as it awaits approval of its plan to exit chapter 11. 


 
Centrica to Cut 5,000 Jobs in Restructuring

British Gas owner Centrica plans to cut 5,000 jobs in a restructuring that will remove three management layers and force the departures of the heads of its consumer and business divisions. 


 
Energy & Utilities Roundup: Market Talk

The latest Market Talks covering Energy and Utilities 


 
Oil Prices Defy Supply-Demand Fundamentals

Rather than surging on supply and demand fundamentals, oil prices have ridden along with other risky assets, such as stocks. Analysts and traders worry the rebound has been too sharp and could prove short-lived. 


 
U.S. Oil Inventories Rise to Record High

U.S. inventories of crude oil rose to a record high, while stockpiles of gasoline and other fuels also increased, according to data released Wednesday by the Energy Information Administration. 


 
Private-Equity-Backed Vista Proppants Files for Bankruptcy

The frac-sand supplier backed by investment firms First Reserve and Ares Capital has filed for bankruptcy, saying it is facing unprecedented problems due to the coronavirus pandemic. 


 
Extraction Oil Shares Soar Despite Bankruptcy Warning

The Denver-based driller has said there is a good chance that it will file for bankruptcy, but weak business fundamentals haven't stopped investors from snapping up its shares. 


 
U.S. Plans to Expand Sanctions on Tankers, in Bid to Pressure Venezuela

The Trump administration, expanding an effort to choke off oil and fuel trade between Iran and Venezuela, is readying new sanctions against dozens of tankers while pressuring companies associated with those vessels, according to people familiar with the plans.