Oil Ends Lower on Renewed Demand Worries
U.S. benchmark oil prices ended 0.8% lower at $42.58 a barrel as an uptick in U.S. jobless claims pointed to a still-fragile U.S. economy that could keep oil demand muted for many more months.
Natural Gas Falls from 8-Month-High
Natural gas prices retreated from Wednesday’s 8-month-high, ending 3.1% lower after storage data showed a 15% surplus-to-the-average.
Bankrupt Valaris Meets With Opposition to Restructuring
Lenders took aim at Valaris’s $7.1 billion restructuring plan at the London-based offshore contractor’s debut chapter 11 hearing.
Red Flags Point to Faltering Recovery in Oil
After rebounding from a historic crash this spring, the oil market is back under pressure from the twin forces of rising supply and stalling demand.
Guilty Plea Entered in PdVSA Corruption Investigation
A former procurement officer at a Petróleos de Venezuela SA subsidiary has pleaded guilty to an alleged role in a bribery scheme, and a former Citgo manager has been indicted on money-laundering charges, in the latest developments in a sprawling U.S. probe into alleged corruption at Venezuela’s state-owned energy company.
Islamist Attacks in Mozambique Threaten to Disrupt Total-Led Natural-Gas Project
Fighting between Islamic extremist rebels and Mozambique’s army over a key port is threatening to disrupt the East African nation’s burgeoning natural-gas developments, including a multibillion-dollar project led by French energy giant Total.
Energy & Utilities Roundup: Market Talk
The latest Market Talks covering Energy and Utilities.
Former Pemex CEO's Allegations Rock Mexico's Political Class
Allegations made by Emilio Lozoya, a disgraced former chief executive of Mexico’s state-run oil giant Petróleos Mexicanos, rock the country’s political class and add fuel to the widest-reaching corruption probe in Mexico’s modern history.
Offshore Drilling Contractor Valaris Files for Bankruptcy in the U.S.
Valaris said the restructuring agreement it has struck with about half of its bondholders will help it eliminate nearly all of its liabilities. The company’s chapter 11 plan must be approved by the U.S. Bankruptcy Court in Houston.
Senators Warn Trump Saudi-Chinese Uranium Plant Risks Spread of Nuclear Weapons
A bipartisan group of U.S. senators warned President Trump on Wednesday that Saudi Arabia’s undeclared nuclear and missile programs pose a serious threat to efforts to stop the spread of nuclear weapons in the region and requested briefings on the subject.