News
Oil advances to second monthly gain, propelled by OPEC deal
Oil advanced to its a second monthly gain, after OPEC agreed to its first production cut in eight years on Wednesday. Futures rose as much as 0.9 percent in New York as the dollar retreated,...
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U.S. probes Chesapeake Energy over possible antitrust violations
OKLAHOMA CITY — The U.S. Department of Justice has opened an investigation into possible antitrust violations by Chesapeake Energy Corp. The agency has subpoenaed documents related to how the driller pays royalty owners and accounts...
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Energy companies dispatch 11 more rigs to U.S. oil patch
Energy companies sent 11 more drilling rigs into U.S. oilfields this week, another sign that an industry recovery is underway as prices stabilize, the oilfield services firm Baker Hughes reported Friday. The number of active...
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OPEC blinks. What will it mean for U.S. shale drillers?
OPEC finally blinked in its two-year price war with U.S. oil producers. Whether that translates into a financial victory for the American shale industry remains to be seen. Oil prices and the shares of U.S....
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Cheniere moves to simplify corporate structure
Cheniere Energy Inc. offered to buy the 20 percent of Cheniere Energy Partners LP Holdings LLC it doesn’t already own in a stock-for-stock exchange valued at $21.90 a share in a deal that simplifies its corporate...
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