Oil Prices Higher, but Remain on Track for Weekly Losses as Jitters Grow Over Demand

Oil prices gained ground but remained on track for weekly losses as jitters rise over the outlook for demand. 


 
Transocean Restructuring Can Proceed Over Hedge Fund's Opposition

A federal judge authorized Transocean, the world's largest offshore oil-rig contractor, to proceed with a disputed restructuring of up to $2 billion of its $9 billion debt load amid a deeply painful period for deep-water drilling. 


 
Energy & Utilities Roundup: Market Talk

The latest Market Talks covering Energy and Utilities 


 
A Glut of Refineries Is the Oil Industry's Next Problem

New capacity in the developing world is making European plants that turn oil into gasoline and other products obsolete 


 
EDP Renovaveis Earnings Fall

Portugal's EDP Renovaveis reported an 18% drop in earnings to EUR793 million following a lower revenue and electricity production. 


 
Colorado Natural-Gas Driller Ursa Piceance Files for Bankruptcy

Ursa Piceance has filed for bankruptcy protection, its natural-gas drilling operation battered by commodity-price volatility, Covid-19 pandemic damage and a tighter regulatory climate in Colorado. 


 
Denbury Resources Cleared to Exit Bankruptcy

The Texas-based oil-and-gas producer got the green light to exit bankruptcy with a plan that hands control to creditors and cuts $2.1 billion in bond debt. 


 
U.S. Oil Inventories Fall for Sixth Straight Week

U.S. inventories of crude oil fell for a sixth straight week, while gasoline and other fuel supplies also declined, according to data released Wednesday by the Energy Information Administration. 


 
Alabama-Based FM Coal Files for Bankruptcy

The coal miner filed for chapter 11 after struggling with sliding revenue, failing equipment and high debt service costs in recent years. 


 
Blackjewel Settles With Workers Over Its Sudden Collapse

Former Blackjewel workers who lost their jobs and waited months to get their final paychecks when the coal producer collapsed in bankruptcy last year could be compensated under a proposed settlement with the company and its founder.