GAS PRICES JUMP AFTER PIPELINE FIRE
Gasoline and diesel prices climbed after a major fuel artery was severed for the second time in two months, cutting off the pipeline that supplies much of the East Coast with gasoline, diesel and jet fuel.
U.S. OIL PRICES END LOWER
U.S. crude-oil prices settled lower Tuesday, reversing an early rally, as uncertainly over an OPEC deal remains.
SHELL, BP EARNINGS BENEFIT FROM COST CUTS AMID WEAK OIL PRICES
Royal Dutch Shell and BP posted better-than-expected third-quarter profits, joining other big oil companies in showing progress in efforts to adapt to weaker prices.
OCCIDENTAL PETROLEUM POSTS LOSS
Occidental Petroleum reported a third-quarter loss on a continued decline in revenue, as the oil-and-gas company deals with low energy prices.
DRILLING CONTRACTOR WEATHERFORD REMAINS WITHIN DEBT COVENANTS
Drilling contractor Weatherford International, whose stock plunged to a 1999 low on Tuesday amid concerns about its balance sheet, said it expects to meet all debt obligations through at least the end of the year.
JUDGE DENIES PARAGON OFFSHORE REORGANIZATION PLAN
Paragon Offshore has gone back to the drawing board after a bankruptcy judge denied its reorganization plan.
SAUDI OIL MINISTER SEES DEMAND RISING DESPITE RENEWABLES
Global appetite for oil and gas will continue to grow despite intensifying efforts to curb climate change, even as renewable energy plays an increasing role in the energy mix, Saudi Arabia's powerful energy minister Khalid Al-Falih said.
ALCOA RISES, ARCONIC SLIPS IN MARKET DEBUT
Alcoa officially split Tuesday, as the aluminum giant separated its raw aluminum operation from the businesses thatsupply the aerospace and automotive markets.
AMERICAN ELECTRIC POWER SWINGS TO LOSS
American Electric Power swung to a loss in its latest quarter as the electricity producer sustained a $2.3 billion impairment linked to power plants in Ohio.
EMERSON ELECTRIC GIVES DOWNBEAT OUTLOOK
Emerson Electric posted top- and bottom-line declines in its fiscal fourth quarter and outlined a tough year ahead, as lower industrial spending continues to weigh on the manufacturing sector.
STOCKS KICK OFF NOVEMBER WITH DECLINES
U.S. stocks fell, while Treasurys and gold rallied as investors broadly retreated from risk.
U.S. ISM MANUFACTURING GAUGE ROSE IN OCTOBER TO 51.9
A gauge of U.S. factory activity rose in October, a sign the manufacturing sector could be stabilizing after two years of challenging conditions.
======== DOW JONES NEWSWIRES ANALYSIS AND COMMENTARY ========
GASOLINE'S INTRADAY GAIN BIGGEST IN EIGHT YEARS
Tuesday's spike in gasoline prices marked the biggest intraday gain in eight years, reflects the potential disruption to energy markets and the notorious volatility of gasoline trading.
ENERGY STOCKS OUTPERFORM BROADER MARKET AFTER COLONIAL EXPLOSION
Energy stocks outperformed the broader market Tuesday as gasoline and diesel prices soared following an accident that shut down Colonial Pipeline's artery supplying much of the U.S. East Coast.
(END) Dow Jones Newswires
November 01, 2016 16:14 ET (20:14 GMT)
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