Oil prices steady though coronavirus surge stokes demand worries

Oil futures trade little changed early Tuesday, with pressure tied to continued worries a surge in COVID-19 cases in Europe and the U.S. will limit demand for crude. Meanwhile, a pickup in output by Libya is adding to supply-related worries. 


 
Pioneer Natural Resources Is in Talks to Buy Parsley Energy

The two oil-and-gas companies, shale producers that operate in the Permian Basin of Texas and New Mexico, are discussing an all-stock deal that could be completed by the end of the month, according to people familiar with the matter. 


 
U.S. Broadens Sanctions to Thwart Completion of Russian Gas Pipeline

The State Department's broader sanctions target the Nord Stream 2, an unfinished Russian-backed natural-gas pipeline that has been a source of tension between Germany, Russia and the U.S. 


 
Energy & Utilities Roundup: Market Talk

The latest Market Talks covering Energy and Utilities 


 
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. 


 
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.

(END) Dow Jones Newswires

10-20-20 1115ET