OIL PRICES FLIP BETWEEN LOSSES AND GAINS
Oil prices settled slightly higher Tuesday, with market participants remaining cautious as voters went to the polls for the U.S. presidential election.
EIA RAISES FORECAST FOR 2017 U.S. OIL PRODUCTION
U.S. government forecasters anticipate U.S. oil production will fall more slowly than expected, led by a ramp-up in drilling in west Texas.
OPEC WARNS OIL PRICES WILL STAY LOW FOR LONGER
Crude-oil prices will rebound much less than expected in the next four years, OPEC said, because supply and demand haven't reacted to the oil slump as strongly as expected.
AFTER PLEDGING CUTS, OPEC COUNTRIES PUMP RECORD AMOUNTS OF OIL
Major oil-producing nations are pumping at full tilt ahead of their pledge to reduce output later this month, a big reason why the oil market has given up all its recent gains.
SUNEDISON, TERRAFORM POWER ADVANCE SETTLEMENT TALKS
TerraForm Power Inc., one of the so-called "yieldcos" that helped fuel SunEdison Inc.'s boom, says it is moving closer to settling a morass of disputes stemming from complex ties to its parent's legal and financial woes.
U.S. STOCKS CLIMB AHEAD OF ELECTION RESULTS
U.S. stocks climbed on Tuesday, reversing earlier losses, with voting underway in a fractious U.S. presidential race.
TOTAL TO FINANCE IRAN PROJECT WITH EUROS TO AVOID U.S. SANCTIONS
France's Total will avoid U.S. sanctions on Iran by using its own euro-denominated cash to finance the first Western energy deal in the Islamic Republic since international restrictions over its nuclear program were lifted this year.
CANADA NAMES PANEL TO HELP REVAMP ENERGY REGULATOR
Canada designated a five-member panel on Tuesday that will help overhaul the country's pipeline-review process and determine what role the national regulator should play in project approvals.
FED'S EVANS SEES PROSPECT OF DECEMBER RATE RISE MORE LIKELY
Federal Reserve Bank of Chicago President Charles Evans said Tuesday he thinks the U.S. economy can likely deal with an interest rate rise in the relatively near future.
TESLA ACQUIRES GERMAN ENGINEERING FIRM
Tesla Motors said it had reached a deal to acquire German firm Grohmann Engineering as part of efforts to boost production to 500,000 cars a year by 2018 and expand its footprint in Germany.
BLACKSTONE ENDS SOUTHEAST ASIA VENTURE AS OIL DEALS DRY UP
Blackstone Group LP scrapped Southeast Asian venture Tamarind Energy after it couldn't find attractive deals in the region.
======== DOW JONES NEWSWIRES ANALYSIS AND COMMENTARY ========
Politics & Policy
TRUMP, CLINTON FINALLY FACE VOTERS' DECISIONAcross the nation, Americans went to the polls on Tuesday to cast their ballots after the divisive and volatile presidential campaign between Republican Donald Trump and Democrat Hillary Clinton.
Heard on the Street
CALM SEAS PRECEDE LOOMING STORM FOR OIL TANKERS
Crude-oil tanker rates have done surprisingly well in recent weeks, but a glut of new vessels and brimming inventories will trump any modest increase in demand.
(END) Dow Jones Newswires
November 08, 2016 16:14 ET (21:14 GMT)
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