Bloomberg Oil fell below $42 a barrel in New York at the start of a week that will see Opec+ gather to assess its supply deal as countries struggle to contain the virus that’s hurt economies and fuel demand globally. The Joint Ministerial Monitoring Committee — the panel which reviews the deal between the Organisation of Petroleum Exporting Countries (Opec) …

Bloomberg Sasol Ltd reported an annual loss after $6.5 billion in asset writedowns and the scheduling of a rights issue as its struggles continued amid the coronavirus pandemic. The shares slumped as much as 9.6%. Lower demand and prices for its products due to the virus, compounded by problems at its US Lake Charles chemical project, is making a bad …

Bloomberg Chaparral Energy’s filed for bankruptcy protection for the second time in four years, paving the way for bondholders to take control of the Oklahoma driller in the aftermath of sluggish oil prices. The company filed for Chapter 11 in US Bankruptcy Court in Delaware as it seeks to restructure its balance sheet and raise new money. Almost 80% of …