Oil Hits 4-Month High on EU Stimulus
U.S. benchmark oil prices ended 2.8% higher at $41.96 a barrel, the highest closing price since March 5, after the EU agreed on a $2 trillion economic recovery plan.
U.S. Crude-Oil Stockpiles Seen Down in Week
Government data are expected to show that U.S. oil inventories fell by 1 million barrels in the latest week, while gasoline stockpiles are seen decreasing by 1.8 million barrels, according to a survey of analysts.
Supply Cuts Boost Canadian Oil Producers
Growing demand is pushing up prices for crude in Canada, helped by producers' cutbacks in the spring.
Energy & Utilities Roundup: Market Talk
The latest Market Talks covering Energy and Utilities
Ohio House Speaker Arrested on Racketeering Charges
Larry Householder, a Republican, was arrested on racketeering charges related to a $1 billion bailout of two Ohio nuclear plants, according to people familiar with the matter.
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.
ArcLight-Backed Shale Driller Bruin Seeks Chapter 11 Protection
Bruin E&P Partners LLC filed for bankruptcy protection with a prepackaged restructuring deal that hands nearly all equity interests to senior-most lenders, underscoring the depressed valuations across the U.S. energy sector.
Exelon Unit to Pay $200 Million to Settle Illinois Bribe Case
Exelon's Commonwealth Edison unit agreed to pay a $200 million fine for a long-running bribery scheme in which the utility gave jobs and contracts to associates of Illinois House Speaker Michael Madigan, the U.S. attorney's office for the Northern District of Illinois said.
