Bloomberg Hurricane Harvey’s crushing blow to the US energy industry reveals just how dependent Mexico has become on natural gas from its northern neighbor. The storm’s wrath forced cross-border gas pipelines in Texas to shut and prevented tankers from loading cargoes of the fuel. Mexican consumers, who are burning record amounts of gas from America’s prolific shale basins, had no ...

Bloomberg Canadian Natural Resources Ltd. is nearing a deal to acquire Cenovus Energy Inc.’s Pelican Lake oil asset for about C$1 billion ($807 million), according to people familiar with the matter. Canadian Natural advanced to the final round of bidding alongside Cona Resources Ltd. for the asset, which is located about 300 kilometers (186 miles) north of Edmonton, said the ...

Bloomberg Gasoline declined to the lowest in more than a week as some US Gulf Coast refineries said they plan to resume operations following shutdowns forced by flooding from Hurricane Harvey. Futures for October delivery lost as much as 4.5 percent in New York after their biggest monthly gain since March last year. While about one-fifth of US refining capacity ...