Oil is poised to post a second straight weekly gain, buoyed by an improving global economic picture and rising U.S. gasoline demand.
August 14, 2020crude oil
Business, Fuel 
Oil storage tanks are seen in Port Fourchon, La. (Luke Sharrett/Bloomberg News)
Oil Set to Eke Out Weekly Gain With Virus Fears Capping Prices
Oil storage tanks are seen in Port Fourchon, La. (Luke Sharrett/Bloomberg News) Business, Fuel 
(Taylor Weidman/Bloomberg News)
Occidental’s Lone Rig Shows Downfall of Permian Basin Oil Giant
(Taylor Weidman/Bloomberg News)Occidental Petroleum Corp. will have just a single oil rig in the Permian Basin in the second half of the year, illustrating the scale of the shale industry’s pullback and the company’s debt woes.
August 11, 2020 Business, Fuel 
Crude oil storage tanks stand outside Midland, Texas. (Matthew Busch/Bloomberg News)
Oil Seesaws With Demand Woes Offsetting Tighter Supply Picture
Crude oil storage tanks stand outside Midland, Texas. (Matthew Busch/Bloomberg News)Oil swung between gains and losses as uncertainty over the prospect of a U.S. virus relief bill that could boost fuel consumption offset signals of tightening global supply.
August 6, 2020 Business, Fuel, Top 100 
A pumpjack operates above an oil well on the outskirts of Williston, North Dakota. (Daniel Acker/Bloomberg News)
Wilks Brothers Swoop In With Competing Offer for Calfrac
A pumpjack operates above an oil well on the outskirts of Williston, North Dakota. (Daniel Acker/Bloomberg News)Wilks Brothers has made a competing proposal to recapitalize struggling energy company Calfrac Well Services Ltd. and criticized management’s deal as favoring insiders.
August 4, 2020 Government, Business, Fuel 
A worker in the Permian basin outside of Midland, Texas. (Brittany Sowacke/Bloomberg News)
Oil Rises With Signs of Economic Recovery Buoying Demand
A worker in the Permian basin outside of Midland, Texas. (Brittany Sowacke/Bloomberg News)Oil rose the most in nearly two weeks as economic data from the U.S. to Europe and Asia signaled a flicker of life in languishing demand.
August 3, 2020 Government, Business, Fuel 
Pedestrians walk along a beach near the Noble Sam Turner jack-up drilling rig in Cromarty, U.K., on June 23, 2020. Noble says it will continue operating during the bankruptcy. (Jason Alden/Bloomberg News)
Noble Corp. Files Bankruptcy to Erase $3.4 Billion of Debt
Pedestrians walk along a beach near the Noble Sam Turner jack-up drilling rig in Cromarty, U.K., on June 23, 2020. Noble says it will continue operating during the bankruptcy. (Jason Alden/Bloomberg News)Offshore drilling contractor Noble Corp. filed for bankruptcy with a plan to cut more than $3.4 billion of debt.
July 31, 2020 Business, Fuel, Logistics 
Fuel lines sit connected to underground storage tanks at a gas station in Princeton, Ill., on April 1. (Daniel Acker/Bloomberg News)
Oil Pares Monthly Gain With Global Supply Onslaught Looming
Fuel lines sit connected to underground storage tanks at a gas station in Princeton, Ill., on April 1. (Daniel Acker/Bloomberg News)Oil is set to eke out a monthly gain, yet futures lost steam on July 31 amid threats that the market will soon become oversupplied.
July 31, 2020 Government, Business, Fuel 
Emissions rise from an oil refinery in Louisiana on June 12. (Luke Sharrett/Bloomberg News)
Oil Clings to Gains After US Supplies Shrink by Most This Year
Emissions rise from an oil refinery in Louisiana on June 12. (Luke Sharrett/Bloomberg News)Oil was propped up by the biggest decline in U.S. crude stockpiles this year, signaling a bright spot in a market weakened by the COVID-19 pandemic.
July 29, 2020 Business, Fuel 
A pump jack operates outside of Midland, Texas, on April 24. (Matthew Busch/Bloomberg News)
Oil Falls With US Stockpile Concerns Amplifying Demand Woes
A pump jack operates outside of Midland, Texas, on April 24. (Matthew Busch/Bloomberg News)Oil declined as investors turned their focus to domestic supply, with expectations for another build in U.S. stockpiles.
July 28, 2020 Business, Fuel 
Storage tanks located near a dock in Port Fourchon, La., on June 11. (Luke Sharrett/Bloomberg News)
Oil Trading Profits Soar for Energy Majors Who Made Storage Bets
Storage tanks located near a dock in Port Fourchon, La., on June 11. (Luke Sharrett/Bloomberg News)In March and April, as oil prices plunged to their lowest in a generation, Norwegian energy giant Equinor ASA was busy doing the opposite of what oil companies usually do: pumping as much crude as possible underground into giant caverns on the nation’s North Sea coast.
July 24, 2020