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LATEST OIL HEADLINES
OIL & GAS STOCKS TO WATCH
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7:51Michigan judge allows partial restart of Enbridge Line 5 pipeline
A Michigan judge Wednesday allowed Enbridge to resume pumping oil through a Midwestern pipeline, nearly a week after shutting it down because of damage to a structure that anchors a section of the line running through a Great Lakes channel.
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3:21Refineries to shut on less demand, new projects: Goldman
The global refining industry is entering a consolidation phase as slowing oil demand growth is set to coincide with large-scale projects that will start coming online next year, according to Goldman Sachs Group Inc.
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5:18OPEC cuts output to lowest since 1991 as virus slams oil demand
The Organization of Petroleum Exporting Countries cut production by 1.93 million barrels a day to 22.69 million a day last month, according to the survey.
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3:21Conoco to bring back curtailed oil output in response to rally
Conoco is the latest oil driller to turn on the taps after a pandemic-fueled collapse in crude prices spurred an unprecedented halt to significant portions of output.
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4:09Alberta readies economic reboot plan
Alberta Premier Jason Kenney will announce more details on his plan for the province's economic reopening. BNN Bloomberg's Tara Weber previews what the announcement could mean for the oil patch, infrastructure spending, technological diversification, and more.
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4:27Chesapeake files for Chapter 11
Chesapeake Energy has filed for Chapter 11 bankruptcy protection, marking the latest in a long line of disasters for U.S. shale players. Bloomberg News' reporter Simon Casey explains what went wrong.
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3:25Kazakhstan Economy Hit by Virus, Drop in Oil Prices
Jun.29 -- The economy of Kazakhstan, central Asia’s largest energy producer, took a double hit from the coronavirus-related lockdown and the collapse in oil prices. Naubet Bisenov reports on "Bloomberg Markets: Asia."
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4:27Chesapeake's collapse latest in long line of shale disasters
The shale bust has reached a grim milestone by claiming the pioneer of America’s drilling renaissance. But Chesapeake Energy Corp., which filed for bankruptcy protection on Sunday, is just the latest in a long list of casualties.
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Occidental plans to issue stock warrants after slashing dividend
Investors will get an eighth of a warrant for every share held and each warrant will entitle them to purchase one share at US$22, the Houston-based company said in a statement.
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2:22A second wave of the virus is threatening U.S. oil demand again
After months of empty roads, lockdowns were easing and people were getting behind the wheel again. A station in Northern California was selling gasoline for a whopping US$5.98 a gallon.