Bloomberg Eni SpA was the biggest winner in Mexico’s latest auction of shallow-water oil prospects. The Italian oil giant took three of the 10 areas awarded, the national hydrocarbons commission said during an event in Mexico City. The tender, Mexico’s fifth since it ended a state monopoly in 2014, garnered winning bids from Royal Dutch Shell Plc, France’s Total SA, ...

Bloomberg US natural gas futures slid the most in four months on forecasts for milder weather that would curtail demand for the power-plant fuel after a hot spell last week. Temperatures may be mostly below normal in the central US and average on the East and Gulf coasts from June 24 through June 28, according to Commodity Weather Group LLC. ...

Bloomberg There’s yet another concern growing as oil prices continue to erode: A record US fracklog. There were 5,946 drilled-but-uncompleted wells in the nation’s oilfields at the end of May, the most in at least three years, according to estimates by the US Energy Information Administration. In the last month alone, explorers drilled 125 more wells in the Permian Basin ...