Oil prices declined slightly after data showed U.S. crude exports remain strong but domestic oil inventories rose for a second straight week.
Since the departure of Barrett Eynon, a portfolio manager focused on investing in distressed debt, several weeks ago, Citadel has unwound its positions in the distressed debt of companies such as Breitburn Energy Partners LP, coal miner Murray Energy Corp. and Windstream Services LLC, people with knowledge of the matter said.
Investors are concerned that rising wages and energy costs will eat into corporate profits, threatening the decadelong bull market in stocks.
A new citywide initiative aims to coordinate digital law-enforcement efforts.
Bank of Canada Governor Stephen Poloz said Monday that recent economic data support the central bank’s view that the current slowdown in domestic growth is temporary.
State regulators told Duke Energy that it must completely remove coal ash from all storage basins in the state, rejecting the company’s proposal to cover some ponds and leave that ash in place.
Saudi Arabia for the first time revealed details to investors that show its national oil company is the world’s most profitable business, demonstrating that the cloistered kingdom is willing to undergo unprecedented scrutiny to tap international cash.
Oil pipeline company Magellan Midstream Partners promoted Jeff Holman to chief financial officer effective May 1.
U.S. crude prices rose 32% in the first three months of the year, bouncing back from a late 2018 slump, as producers curbed their output.
Florida Power & Light said it plans to build the world’s largest battery, which would collect electricity from solar panels during the day and discharge it as needed during periods of high power demand.
President Trump’s nominee to lead the Interior Department told a Senate committee he was keeping his former energy-industry clients at arm’s- length.
The Supreme Court upheld Securities and Exchange Commission efforts to sanction stockbrokers for disseminating false statements to clients.
Energy companies may soon burn millions of dollars of valuable natural gas a day in the Permian Basin instead of selling it, and it will be a wise financial decision.
A bankruptcy judge said he would approve Mercuria Energy Group’s takeover of marine fuel supplier Aegean Marine Petroleum Network, setting up Aegean’s exit from chapter 11.
Royal Dutch Shell and Energy Transfer said they are pursuing plans to convert a liquefied-natural-gas import facility in Louisiana into an export terminal, a bet that the future of U.S. shale gas lies in selling it for higher prices in overseas markets.
A U.S. court sentenced a former pitchman for a Chinese oil company to three years in prison following his conviction on bribery charges.
Natural gas is America’s leading heating fuel, but a decadelong glut has kept prices mostly below $3 a million British thermal units. Don’t tell that to people in the Pacific Northwest, though.
Norsk Hydro said it suffered a ransomware cyberattack that began in the U.S., stalling production and shutting down computers throughout operations at the Norwegian aluminum and energy giant.
A contentious political transition in Algeria is creating uncertainty around a number of foreign investment deals in Africa’s largest natural gas-producing country.
OPEC and a group of 10 oil-producing nations led by Russia are deepening their crude production cuts, but remain split on whether the curbs should remain in place through the end of the year, officials said.