Oil Prices Close Higher After Volatile Session

Crude prices swung between gains and losses, extending a period of volatility as widening restrictions on economic activity in Europe threaten to hit demand for fuel. 


 
Extraction Oil & Gas Cleared to Walk Away From Pipeline Contracts

The Colorado-based fracker won bankruptcy-court approval to ditch its deals with pipeline companies that carry its oil and gas to market. 


 
KPS-Backed Lufkin Acquires a Schlumberger Equipment Unit

The deal comes months after KPS carved Lufkin out of Schlumberger rival Baker Hughes. 


 
Energy & Utilities Roundup: Market Talk

The latest Market Talks covering Energy and Utilities 


 
Chesapeake Junior Creditors Preview Fight Over Restructuring

Oil-and-gas producer Chesapeake Energy is moving ahead with a proposed restructuring intended to cut $7 billion of debt, but junior creditors warned in court that they are preparing for an extended legal fight over their allegations that the company manipulated its capital structure to favor top lenders. 


 
U.S. Oil-Rig Count Rises by 10 in Latest Week, Baker Hughes Says

The number of rigs drilling for oil in the U.S. rose by 10 in the latest week to 221, according to oil-field services firm Baker Hughes. 


 
Exxon Posts Third Consecutive Quarterly Loss for First Time

The Texas company also said it may write down the value of natural-gas assets worth as much as $30 billion, as the pandemic continues to pressure the world's biggest oil companies. 


 
LyondellBasell 3Q Profit Falls

LyondellBasell Industries said profit fell sharply in the latest quarter as demand fell for plastics and jet fuel as a result of the pandemic, leading to a write-down of its Houston refinery. 


 
Total Returns to Profit, Maintains Dividend

Total returned to profit in the third quarter of the year as results benefited from a more favorable environment with oil prices above $40 a barrel 


 
U.S. Blacklists Iranian, Chinese Companies Accused of Helping Iran

The Trump administration rolled out another pre-election battery of sanctions and other punitive actions against Iran, blacklisting Iranian and Chinese energy companies and announcing forfeiture actions against two shipments of Iranian missiles recently seized by the U.S. Navy.

(END) Dow Jones Newswires

11-03-20 0415ET