WTI Oil Ends Lower as Rally Fizzles
U.S. benchmark oil prices ended lower for a second straight session as a mid-week rally came to an end and prices returned to a familiar range around the low $40s.
U.S. Oil-Rig Count Falls by 4 in Latest Week, Baker Hughes Says
The number of rigs drilling for oil in the U.S. fell by four in the past week to 176, according to Baker Hughes. A year ago, there were 764 oil rigs drilling in the U.S.
Pacific Drilling Considers Filing for Chapter 11
The offshore oil and gas drilling contractor said it might file for bankruptcy and it has started talks with a group of creditors about a restructuring.
Murray Energy Cleared to Poll Creditors on Chapter 11 Exit Plan
The coal company court approval to begin polling creditors on a revised bankruptcy exit plan and firmed-up financing designed to let it leave chapter 11 despite disruptions to its business caused by the coronavirus pandemic.
How a Tenuous Saudi-Russia Oil Alliance Could Melt Down
Rebounding oil prices have the potential to show the cracks that already exist in the delicate cooperation between the powerful oil-producing nations
Energy & Utilities Roundup: Market Talk
The latest Market Talks covering Energy and Utilities
Power Outages From Tropical Storm Isaias Could Last for Days
More than one million customers in New York, New Jersey and Connecticut were without power for a third day since Tropical Storm Isaias battered the region.
Appeals Court Allows Dakota Access Pipeline to Continue Operating
A federal appeals court said the Dakota Access pipeline can continue carrying oil for now, a win for pipeline operator Energy Transfer and North Dakota oil producers.
Noble Seeks to Pause Multibillion-Dollar Litigation Over Spinoff
The energy company wants to pause a multibillion-dollar trial over the 2014 spinoff of Paragon Offshore, a transaction creditors allege loaded up Paragon with old rigs and an unsustainable amount of debt.
Hedge Funds Say They Were Left Out of PG&E Stock Sales
A group of hedge funds and debt investors that once dreamed of taking over PG&E Corp. are demanding hundreds of millions of dollars from the troubled utility, complaining they were unfairly shut out of a lucrative deal with big shareholders.