HOUSTON — The agreement by major oil producers on Sunday to reduce their daily production by 9.7 million barrels was the largest cutback in history and a feat of remarkable coordination by more than 20 nations led by Saudi Arabia and Russia with unusual mediation from the United States.
But
Oil prices rose on Monday, one day after petroleum-producing nations agreed to the largest production cut ever negotiated.
Sunday’s agreement marked an unprecedented coordinated effort by Russia, Saudi Arabia and the United States to stabilize oil prices and, indirectly, global financial
Four months ago, Pacific Gas & Electric seemed poised to emerge from bankruptcy after reaching a $13.5 billion settlement with tens of thousands of people who lost homes in wildfires started by the utility’s equipment.
Investors cheered that agreement, bidding up the company’s share price by nearly 40 percent. But
