Oil Prices Extend Losses on Libya Supply, Trade Concerns
Oil prices extended declines Thursday after crude benchmarks posted steep losses a day earlier on reports that Libya would resume exports and escalating worries over U.S.-China trade.
Natural-Gas Prices Decline as Storage Builds
Natural-gas prices settled lower on Thursday despite government data showing a smaller-than-expected build in inventories in the latest week.
Puerto Rico Utility Directors Resign, Alleging Political Interference
A majority of the Puerto Rico power monopoly's board of directors resigned Thursday, alleging political interference after top lawmakers and Puerto Rico's governor demanded cuts to a chief executive compensation package.
Oil Outages to Stretch Spare Capacity, Warns IEA
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.
Libya State Oil Company Resumes Production
Libya's state-run National Oil restored production on a Western oil field and lifted force majeur after reopening of key oil ports in the country's east.
U.S. Calls Out China, Russia on North Korea Energy Caps, Urges U.N. Action
The Trump administration asked a U.N. panel to ban oil-product sales to North Korea this year, calling out China and Russia for exports Washington alleges have often been in violation of sanctions.
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.
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.