U.S. Crude-Oil Stockpiles Likely to Fall in DOE Data, Analysts Say
U.S. crude-oil stockpiles are expected to decrease by 1.2 million barrels while gasoline stockpiles are expected to decrease by 1.5 million barrels in data due Wednesday from the Energy Department, according to a survey of analysts and traders.
Oil prices log first gain in 4 sessions
Oil futures shake off early losses Tuesday to log their first gain in four session, lifting U.S. benchmark prices to their highest finish in almost seven weeks.
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.
(END) Dow Jones Newswires
10-20-20 1615ET
