The Wall Street Journal
Energy
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As investors struggle to assess the health of embattled natural-gas producer Chesapeake Energy Corp., some say they are facing an obstacle: the company's accounting.
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Oil production in Saudi Arabia rose to 9.923 million barrels a day in March, from 9.853 million barrels a day in February, overtaking Russia as the world's largest producer for the first time in six years.
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Enterprise Products Partners and Enbridge said Saturday that the Seaway pipeline has started to accept crude oil at the Cushing, Okla. storage hub for delivery to the U.S. Gulf Coast.
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Chesapeake Energy said board members will take a 20% pay cut and no longer have personal use of company aircraft, the latest move by the embattled natural-gas company to placate critics.
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Spain's Repsol is canceling 10 LNG shipments to an Argentine public energy company that it says isn't honoring the supply contract.
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