ConocoPhillips to Buy Shale Rival Concho for $9.7 Billion
The all-stock transaction would be the largest U.S. oil deal since the pandemic began roiling energy markets, as companies seek to bulk up to ride out weak demand and low prices.
Energy & Utilities Roundup: Market Talk
The latest Market Talks covering Energy and Utilities. Published exclusively on Dow Jones Newswires at 4:20 ET, 12:20 ET and 16:50 ET.
Oil ends lower even as OPEC+ committee reiterates output-cut pledge
Oil futures finish Monday with a modest loss, failing to find much support as an OPEC+ committee reiterated its commitment to production cuts and said it "encouraged" some producers to fully compensate for production above their quotas.
Venezuelan Opposition Loses Bond Ruling, Endangering Citgo
A U.S. judge said bondholders have valid claims over Venezuela's prized oil refiner Citgo, dealing a blow to the country's U.S.-backed opposition leaders and putting the company at heightened risk of a forced takeover.
Apollo Bets on Royalty Financing to Unlock More Renewable-Energy Deals
Apollo Global Management is betting that a popular form of oil and gas financing-royalty investing-can help it expand its reach in the renewable-energy sector.
U.S. Oil-Rig Count Rises in Week
The number of rigs drilling for oil in the U.S. rose by 12 in the latest week to 205, according to oil-field services firm Baker Hughes.
CFTC Votes to Pass Final Rule on Position Limits
The move affects the size of speculators' bets in markets for commodities including gold, cattle and crude oil.
Nigeria's Army Says It Is Ready to Step In to Quell Protests
The military in West Africa's biggest oil-producing nation said it was prepared to act decisively to help the government maintain law and order, after eight days of demonstrations against police brutality.
U.S. Oil and Fuel Inventories Fall Sharply
U.S. inventories of crude oil fell more than expected, while gasoline and diesel inventories also declined sharply, according to data released Thursday by the Energy Information Administration.
Coal Finds a Surprising 2020 Bright Spot in Europe
Power plants started to burn more thermal coal over the summer and fall, responding to a steep rise in the price of natural gas.
(END) Dow Jones Newswires