Oil

The Anglo-Dutch energy giant’s action follows a similarly large write-down by BP

The price has risen to $2.22 per gallon

Chesapeake Energy Corp. said Sunday that it had filed for bankruptcy protection as an oil- and gas-price rout stoked by the coronavirus pandemic proved to be the final blow for a shale-drilling pioneer long hamstrung by debt.

ExxonMobil denied speculation that it is planning on cutting 5-10 percent of its workforce this year.

Firms indicated an expected acceleration in job cuts.

The recent gains come after coronavirus lockdowns dented commodity prices earlier in the year and are a boon for battered producers

The eclipse of the important WTI $40 price level bodes well for the economic recovery.

Oil giant Marathon Petroleum is reportedly in talks to sell Speedway to a publicly traded company.

The restructuring will include cuts in the company’s product lines

Houston-based drilling company has been charged for polluting a residential community.

BP expects a faster transition away from fossil fuels

Regular-grade gasoline rose 11 cents over the past two weeks

Investors are re-evaluating their expectations for economic growth, which many skeptics have been saying were overly optimistic

The Trump administration, expanding an effort to choke off oil and fuel trade between Iran and Venezuela, is readying new sanctions against dozens of tankers.