Brent Crude Hits $80 Amid Concerns Over Iran Supply
Brent crude prices climbed past $80 a barrel, as Washington's decision to reinstate sanctions on Iran continued to fuel a rally that has pushed the market to 3 1/2 -year highs.
Natural Gas Falls on Supply Rise
Natural-gas prices slipped Thursday after government data showed weekly domestic supplies rose by 106 billion cubic feet, more than expected.
Trump Presses Germany to Drop Russian Pipeline for Trade Deal
President Trump is pressing Germany to pull the brakes on a major gas deal with Russia as the price for avoiding a trans-Atlantic trade war.
Oil Is Above $70, but Frackers Still Struggle to Make Money
American shale drillers are still spending more money than they are making, even as oil prices rise.
Suez Earnings, Revenue Rise
French utility Suez said its first-quarter earnings and revenue rose, despite a foreign-exchange hit.
U.S. Auto Regulator Opens Tesla Crash Probe in Utah
U.S. safety investigators on Wednesday opened the third active investigation of a Tesla Inc. vehicle that crashed while the driver-assistance system Autopilot was said to be in use.
EPA Chief Pruitt Faces Grilling by Senate Panel
Scott Pruitt, the head of the Environmental Protection Agency, continued to defend himself against a growing list of allegations involving management missteps and lavish spending at the agency, denying some and deflecting others in a Senate subcommittee hearing.
Venezuela's Creditors Are Cutting Its Crude-Oil Lifeline
A series of court rulings are a major blow to the cash-strapped and increasingly isolated nation at a time when its once-thriving state energy monopoly, Petróleos de Venezuela, has been left in tatters after years of mismanagement.
European Firms Start Pulling Back From Iran
European firms have started pulling back investment and abandoning commitments in Iran, responding to the imposition last week of broad new American sanctions on Tehran.
U.S. Crude Oil Inventories Fall More Than Forecast
U.S. inventories of crude oil declined by 1.4 million barrels, more than expected, for the week ended May 11, while stockpiles of gasoline and other fuels also decreased, according to government data.