Energy

U.S. oil prices rallied for the eighth time in 10 sessions as uncontrolled forest fires are threatening to delay the return of at least one million barrels a day of Canadian oil-sands production to the market.

BP’s head of oil exploration is leaving the U.K. oil giant.

Plains All American Pipeline said the company and one of its employees were indicted in the failure of an onshore California crude pipeline last year.

As the number of failed operators in North Dakota’s Bakken Shale play mounts, the surviving companies are laying the groundwork for what they forecast will be an era of slower but steadier growth.

U.S. stocks fell Tuesday as investors fretted about the prospect of higher interest rates.

Forest fires in Northern Alberta are threatening two major oil-sands mining complexes, government officials said on Tuesday, a day after 8,000 workers evacuated camps and production facilities at risk from the spread of uncontrolled blazes.

Construction work has begun on the Trans Adriatic Pipeline, which is expected to bring natural gas from the Caspian Sea to Europe and ease reliance on Russia.

Brazilian state-run oil company Petróleo Brasileiro plans to issue new debt to cover a buyback of up to $3.58 billion of outstanding bonds maturing in coming years.

SandRidge Energy filed for bankruptcy protection after reaching a deal with its creditors to swap $3.7 billion in debt for control of the oil and gas company.

Breitburn Energy Partners filed for chapter 11 bankruptcy protection Sunday, taken down by plunging oil prices.

U.S. stocks rose Monday, boosted by energy shares that climbed with the price of oil.

Oil prices climbed to a 2016 high as production outages persisted and Goldman Sachs asserted that the global crude glut has receded.

If investors hoped the biggest oil bust in decades would change the way oil industry executives are getting paid, they are probably disappointed.

Range Resources said it agreed to buy rival energy company Memorial Resource Development in an all-stock deal valued at $3.3 billion.

Natural gas transported across the world’s oceans by ship has helped to displace coal globally. Now, producers want it to become a fuel for cruise liners, container ships and road trucks.

Libya’s divided oil officials have agreed to allow petroleum to flow again between the country’s east and west but have yet to end a crisis that is blocking exports, Libyan officials said Sunday.

An Islamic State assault on a natural-gas plant north of Baghdad killed at least 12 people, officials said, the fifth straight day of attacks in Iraq by the extremist group that have left 124 dead.

Saudi Arabia and two of its oil-exporting neighbors in the Persian Gulf had their debt ratings cut by Moody’s Investors Service, as the slide in crude prices continued to afflict the region’s economies.

A Mississippi power plant intended as a showcase for clean-coal technology has turned into a costly mess for utility Southern Co., which is now facing an SEC investigation and a lawsuit from unhappy customers.