Oil Prices Recover Slightly but Glut Fears Persist
Continue Reading Below
Oil prices rose as the market tries to stabilize just days after plummeting to their lowest levels of the year.
U.S. Oil-Rig Count Rises by 6
The number of rigs drilling for oil in the U.S. rose by 6 to 747 in the past week, according to oil-field services company Baker Hughes Inc.
Big Oil Firms Are Exploring a New Frontier in Shale: Profits
Chevron and other companies piling into the Permian Basin say they will soon achieve something that has proven surprisingly elusive for their smaller peers: turning a profit.
Continue Reading Below
MacKenzie's Special Sauce Could Make BHP Taste Better
BHP'S new chairman has proven turnaround chops and the support of activist investor Elliott. But replicating his stellar performance at Amcor in the mining sector could prove challenging.
Gulf Allies Draw U.S. Into Mideast Rift
America's closest Gulf allies have entangled the Trump administration in a longstanding rift in the Mideast as a group of Saudi-led nations pursues a realignment that risks further destabilizing the region and complicating the fight against Islamic State.
BHP Billiton Names Ken MacKenzie as New Chairman
BHP Billiton has turned to a packaging-industry veteran to head its board, appointing director Ken MacKenzie to succeed Jac Nasser when he retires after seven years as chairman.
BP Forges Ahead With Deepwater Gas Field Plans in India
BP is pushing ahead with long-delayed efforts to develop natural gas offshore India in a $6 billion investment with India's Reliance Industries.
OPEC Stumbles in Face of Oil Glut
Production cuts aren't drawing oil out of storage and U.S. shale producers are humming, fueling the idea that OPEC and its allies missed the mark.
Saudi Aramco IPO Plans Slowed Over Where to List
A divide between Saudi Arabia's ruling family and executives of the state oil company over where to list is slowing the march toward a planned 2018 IPO, which could value Aramco as high as $2 trillion.
France's CGG Group Files for Bankruptcy Protection
Oil-services company CGG Group filed for bankruptcy protection in the U.S. and France after reaching a restructuring deal with lenders and bondholders that will eliminate about $2 billion in debt from the company's books.
(END) Dow Jones Newswires
June 16, 2017 16:15 ET (20:15 GMT)