Oil Falls After API Data Show Larger-Than-Expected Inventory Increase

Oil fell after data from the American Petroleum Institute showed U.S. crude supplies rose by 4.2 million barrels for the week ended Nov. 13, more than analysts had expected. 


 
U.S. Crude-Oil Stockpiles Seen Up in Week

Government data are expected to show that U.S. oil inventories rose by 1.2 million barrels in the latest week, while gasoline stockpiles are seen falling by 300,000 barrels, according to a survey of analysts. 


 
Aramco Raises $8 Billion Bond to Fund Dividend Pledge

The financial position of the world's largest oil producer has darkened as it contends with a fall in crude prices caused by the coronavirus pandemic. 


 
Trump Administration Nears Auctioning of Drilling Rights in Arctic Refuge

The Interior Department is taking final steps to secure oil development in the pristine, 19-million-acre Alaskan wilderness by initiating a leasing process to strike deals with drillers before President-elect Joe Biden can stop it. 


 
Gulfport Energy Becomes Latest Natural Gas Producer to Seek Bankruptcy

Gulfport Energy, one of the largest producers of natural gas in the U.S., has filed for bankruptcy with a restructuring plan backed by its lenders that would cut $1.25 billion in debt from the balance sheet. 


 
Aramco Plans U.S. Dollar Bond to Plug Funding Gap

Saudi Aramco said it aims to issue a U.S. dollar-denominated bond, as the cash-strapped oil giant cuts jobs, considers asset sales and reviews its expansion plans. 


 
Covid-19 Makes Foreign Policy the Oil Patch's First Biden Fear

The effects of Covid-19 mean that Joe Biden's foreign policy, not domestic energy policy, might prove more impactful for U.S. energy companies in the near future. 


 
U.S. Oil-Rig Count Rises by 10 in Latest Week

The number of rigs drilling for oil in the U.S. rose by 10 in the latest week to 236, according to oil-field services firm Baker Hughes. 


 
EDF Keeps Profit Outlook Despite Sales Fall

EDF maintained its 2020 earnings forecast despite reporting a 4% drop in sales for the first nine months, which took a EUR2 billion hit due to the coronavirus pandemic. 


 
Engie Profits Fall But Forecasts Remain

Engie reported a sharp drop in operating income for the first nine months of the year. after it took a EUR1 billion hit from the coronavirus pandemic, but kept its 2020 forecasts intact for income and capex.

(END) Dow Jones Newswires

11-18-20 0715ET