Oil Edges Higher on Red Sea Turmoil
Oil prices moved higher in Europe on market concerns about heightened tensions in the Middle East.
Chesapeake Agrees to $7.4 Billion Southwestern Energy Merger
The all-stock transaction will create one of the U.S.'s largest natural-gas producers.
Armed, Uniformed Men Divert Oil Tanker to Iranian Waters
The vessel, seized off the coast of Oman, had been previously commandeered by the U.S. for sanctions evasion as it transported Iranian oil.
Vinci Cuts Size of Credit Line
Vinci renewed a revolving credit line with a bank syndicate but reduced its size to $7.1 billion in light of an increase in its available cash in recent years.
Oil futures decline as U.S. crude supplies, product stocks post unexpected gain
Oil futures posted a decline on Wednesday after the U.S. government reported an unexpected weekly rise in commercial-crude supplies and larger-than-expected increases in gasoline and distillate inventories.
U.S. Crude Oil, Products Stocks Rose in First Week of January
Oil inventories rose by 1.3 million barrels to 432.4 million barrels in the week ended Jan. 5, compared with analysts projections of a 600,00-barrel decline.
Edison Partners Backs Utility Service Provider 120Water
The growth-capital firm led a $43 million investment for a majority stake in the business.
Endo Wins Court Permission to Solicit Votes on Restructuring Plan
Pharmaceutical company Endo International won bankruptcy court approval to start soliciting votes for a restructuring plan that would pay $600 million to government agencies and private institutions affected by the opioid epidemic.
Uranium Rally Still Has Fuel
The price of the nuclear fuel has hit its highest level since 2007. The market is only getting tighter.
Record U.S. oil production sparks battle for market share with Saudi Arabia and OPEC+
U.S. oil production is back at record levels, sparking a battle for market share with Saudi Arabia as OPEC+ tries to keep global crude supplies in check.
(END) Dow Jones Newswires
01-11-24 0715ET
