OIL DOWN ON DOUBTS ABOUT OPEC'S ABILITY TO DELIVER CUTS
Oil prices dropped to a six-week low, extending a week-long slide amid more skepticism about production cuts from the Organization of the Petroleum Exporting Countries.
OPEC CHIEF OUTLINES PROGRESS TOWARD OIL-OUTPUT-CUT DEAL
Members of the Organization of the Petroleum Exporting Countries have agreed to use a unified set of independent production data for output cuts, the group's chief said Friday in an interview with The Wall Street Journal.
PROXY SERVICE ISS ENDORSES PROPOSED TESLA, SOLARCITY DEAL
The proposed merger of Tesla Motors Inc. and SolarCity Corp. has received an endorsement from an influential shareholder proxy service, an important show of confidence for entrepreneur Elon Musk's plan ahead of a Nov. 17 vote.
FORMER SAUDI OIL MINISTER HIGHLIGHTS TOUGH ROAD AHEAD FOR OPEC
Former Saudi Oil Minister Ali al-Naimi broke his silence six months after his abrupt departure from his job, revealing more about his failure to forge an agreement to cut output at a 2014 OPEC meeting.
INTEROIL SEEKS NEW PATH TO EXXON DEAL AFTER YUKON APPROVAL OVERTURNED
InterOil said a Yukon appeals court overturned approval for its tie-up with Exxon Mobil but said it will find a new path to closing the deal.
U.S. OIL-RIG COUNT RISES BY NINE
The number of rigs drilling for oil in the U.S. rose by nine in the past week to 450, according to oil-field services company Baker Hughes Inc.
BIG OIL CEOS PLEDGE $1 BILLION TO FUND LOW-CARBON TECHNOLOGY
Ten of the world's biggest oil companies plan to invest an average of $100 million annually over the next 10 years in low-carbon technologies, the companies said.
EDF WARNS ON PROFIT AFTER PLANT SUSPENSION IS EXTENDED
State-controlled power utility Electricite de France issued a profit warning for the second time in less than two months after nuclear-plant outages were extended by the regulator, weighing on the company's share price.
C&J ENERGY'S EXECUTIVE BONUSES WIN BANKRUPTCY COURT APPROVAL
C&J Energy Services Ltd. on Friday won bankruptcy court approval to pay senior executives up to $6.5 million in bonuses.
STRONG WAGE GROWTH HIGHLIGHTS STEADY LABOR-MARKET GAINS
Hiring by U.S. employers remained healthy in October as wage growth accelerated to its strongest pace since the recession. The jobless rate ticked down to 4.9%.
S&P 500 FALLS FOR NINTH SESSION IN LONGEST LOSING STREAK SINCE 1980
A late afternoon slump dragged the S&P 500 to its ninth consecutive decline, its longest losing streak in nearly 36 years.
U.S. TRADE GAP SHRANK 9.9% IN SEPTEMBER
The trade gap in goods and services shrank 9.9% in September from a month earlier to a seasonally adjusted $36.44 billion, the smallest deficit since February 2015.
======== DOW JONES NEWSWIRES ANALYSIS AND COMMENTARY ========
LOW ELECTRICITY PRICES DIM POWER PLANT OPERATOR PROFITS
Low electricity prices are making it less profitable to be a power plant operator.
NO OIL PRICE REBOUND ON HORIZON
With oil prices trading near multiweek lows, analysts believe next year won't be much better. A survey of 14 investment banks by The Wall Street Journal predicts prices will stay below $60 a barrel.
(END) Dow Jones Newswires
November 04, 2016 18:20 ET (22:20 GMT)
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