TOP STORIES

OIL PRICES FALL AS DOUBTS GROW OVER OPEC DEAL

Oil prices pulled back on lingering negative sentiment around the proposed production cuts by major oil producing nations.

GE-BAKER HUGHES DEAL TO CREATE ENERGY POWERHOUSE

General Electric reached a deal to combine its oil-and-gas business with Baker Hughes, creating a publicly traded energy powerhouse that would give GE a cost-effective way to play any recovery in the industry.

NEXTERA AGREES TO DEALS FOR TOTAL CONTROL OF ONCOR

NextEra Energy announced two transactions that would, when combined with a previously announced deal, give the company complete ownership of Oncor Electric Delivery.

WILLIAMS, WILLIAMS PARTNERS SWING TO PROFIT

Williams Cos. and the pipeline giant's Williams Partners LP both swung to a profit for the third quarter, boosted by higher olefin margins at the Geismar plant in Louisiana and lower costs.

SOUTHERN CO. REVENUE AND PROFIT RISE

Southern said its third-quarter revenue and profit rose on warmer weather and benefits from a natural gas business had it recently purchased.

DOMINION MIDSTREAM TO ACQUIRE QUESTAR FROM DOMINION RESOURCES

Dominion Midstream Partners LP and Dominion Resources Inc. said Dominion Midstream will acquire Questar Pipeline LLC from Dominion Resources for about $1.73 billion, including debt.

DEADLY GAS EXPLOSION STRIKES CHINA COAL MINE

A gas explosion at a coal mine in southwestern China killed at least 15 people and left 18 others missing, local authorities said.

U.S. STOCKS LITTLE CHANGED

U.S. stocks were generally flat ahead of a raft of key corporate and economic reports and three central bank meetings later in the week.

U.S. CONSUMER SPENDING ROSE 0.5% IN SEPTEMBER

Consumer spending climbed 0.5% in September, a sign of resilience among households amid signs of flagging confidence in the economy.

OPEC FAILS TO FINALIZE PLAN TO REDUCE OUTPUT

A weekend marathon of talks between major oil producers were supposed to pave the way for a detailed proposal on how to cut the cartel's production by as much as 2%.

U.S. OIL-RIG COUNT FALLS BY 2

The number of rigs drilling for oil in the U.S. fell by two in the past week to 441, bucking a recent trend of increases, according to oil-field services company Baker Hughes Inc.

IRAQI FORCES LOOK TO MAKE PUSH INTO MOSUL

Iraqi security forces said they were poised on the outskirts of Mosul and aiming to enter the city, a new phase of the offensive to retake Islamic State's last stronghold in Iraq.

======== DOW JONES NEWSWIRES ANALYSIS AND COMMENTARY ========

Business

OIL DRILLERS CAN'T GET ENOUGH OF WEST TEXAS ASSETS

Investors have fallen in love with properties in the energy-rich Permian Basin, and that is making some West Texas oil men nervous as land acquisition prices skyrocket despite cheap crude.

Business

CHINA'S OIL GIANTS SHRINK THEIR SPENDING

As the commodities slump stretches into its third year, earnings reports this week by China's three big state-owned oil and gas companies had something in common: capital expenditures far below budgeted levels.

(END) Dow Jones Newswires

October 31, 2016 11:14 ET (15:14 GMT)

Copyright (c) 2016 Dow Jones & Company, Inc.