Bloomberg China’s government has told at least two of its state oil companies to avoid purchasing Iranian oil as the US prepares to impose sanctions on the Persian Gulf state, according to people with knowledge of the matter. The freeze on imports by China National Petroleum Corp. (CNPC) and Sinopec is temporary and purchases may resume depending on the outcome ...

Bloomberg Lawyers for Exxon Mobil Corp. stood before a New York judge and told the state’s attorney general to “put up or shut up” after spending three years investigating the company’s public disclosures about climate change, saying authorities should sue the energy giant or move on. Attorney General Barbara Underwood filed a fraud lawsuit against Exxon in state court in ...

Bloomberg Endeavor Energy Resources LP, the largest privately held oil producer in the Permian Basin, is weighing a sale after receiving takeover interest from major energy explorers, according to people familiar with the matter. Midland, Texas-based Endeavor could draw interest from suitors including Chevron Corp. and BP Plc, said the people, who asked to not be identified because the matter ...