Energy in America

The U.S. investment firm, which has more than $54 billion in private equity assets under management, has committed or invested some $13 billion into energy over the last decade.

Hess reported a quarterly loss Thursday after a coronavirus-induced drop in demand for oil and gas.

The request from the Interstate Oil and Gas Compact Commission, a consortium of 31 states, comes as the coronavirus pandemic triggers a historic downturn in crude oil prices and fuel consumption.

Occidental Petroleum Corp on Tuesday reported that it swung to a loss in the first quarter on write-downs, and the troubled oil producer cut its budget for the third time since March in response to the historic crash of oil prices.

Texas energy regulators on Tuesday said they will not mandate oil production cuts, ending a month-long debate about whether or not they would wade into global oil politics for the first time in 50 years as crude prices crater to historic lows.

Oil prices have doubled as production cuts kick in and demand is slowly coming back.

Marathon Petroleum Corp. reported a more than $9 billion loss in the first quarter as the company logged over $12 billion in noncash impairments.

The bank hiked its estimate for U.S. West Texas Intermediate crude to $51.38

The month of May begins what can be a ho-hum period for stocks.

COVID-19 has delayed construction, put thousands of skilled laborers out of work and sowed doubts about solar and wind projects on the drawing board.

Output cuts, if all sides live up to the agreement, will end the price war between Russia and Saudi Arabia and eliminate 20 million crude barrels a day from a market that has been overwhelmed with supply.

The world's largest independent oil and gas producer plans to curtail output by a further 40,000 barrels per day in May and bring its total cuts to 460,000 barrels per day by June.

Shell said it would reduce its quarterly dividend by two-thirds to 16 cents per share