Oil Rebounds as Investors Review Latest Supply News
Oil prices rebounded as investors reevaluated news that had sent Brent to its biggest decline in almost two-and-a-half years on Wednesday.
IEA Warns Outages May Stretch Oil-Output Cushion to the Limit
Global oil outages may push spare production capacity to the limit, a top energy body warned, hinting it would be ready to tap its emergency supplies if needed.
Hydro One's Board, CEO Leave Under Deal With Province of Ontario
Hydro One Ltd.'s Chief Executive Mayo Schmidt retired Wednesday, and the Canadian utility company's directors agreed to also resign under a deal with the Province of Ontario, the company's largest shareholder.
Trump Slams Germany Over Gas Imports From Russia
President Donald Trump slammed Germany's natural-gas imports from Russia as the NATO summit kicked off Wednesday, targeting a Baltic Sea pipeline project that has sparked discord within Europe and is splitting the alliance.
Puerto Rico Power Utility CEO Resigns After Less Than 4 Months on Job
The CEO of Puerto Rico's bankrupt electric monopoly is resigning after less than four months on the job, a disruption to the utility's leadership as it struggles to rebuild a shaky power grid and tackle a $9 billion debt load.
Average Gas Price Nears $3 a Gallon, Raising Worries for U.S. Economy
The highest retail gasoline prices in years are the latest development to raise concerns about one of the longest-running U.S. economic expansions on record.
U.S. Oil Inventories Drop More Than Expected
Crude-oil stockpiles decreased by 12.6 million barrels to 405.2 million barrels, and are now about 4% below the five-year average for this time of year.
U.S. Natural-Gas Inventories Expected to Rise in Week
Government data are likely to show that stockpiles of natural gas last week increased by 55 billion cubic feet, which would be less than the usual amount for this time of year, analysts said.
Viva Energy IPO Priced at Low End of Indicative Range
The initial public offering of commodity trader Vitol Group's Australian fuel supply and marketing business has been priced at the bottom end of the indicative range.
CME Group, Cheniere Energy to Launch LNG Contract
CME Group said it is launching a liquefied-natural-gas futures contract, as industry participants continue their efforts to revolutionize this market by providing a global benchmark to help price and trade the commodity.