OIL-PRICE RALLY UNDERCUT BY SUPPLY DATA
Crude oil settled lower after flipping between gains and losses Wednesday, as renewed optimism that major oil producers could agree to scale back production competed with data showing that crude supplies are still swelling.
FIRST SOLAR TO CUT MORE THAN A QUARTER OF STAFF
First Solar said it would lay off more than a quarter of its staff and restructure operations to focus on newer solar modules, which will lead to $500 million in charges and push the company into the red for the year.
U.S. CRUDE OIL STOCKPILES RISE MUCH MORE THAN EXPECTED
U.S. crude oil stockpiles rose sharply for the week ended Nov. 11, while gasoline supplies also inched higher, according to data released by the Energy Information Administration.
IEA SEES PEAK OIL DEMAND AFTER 2040
Global oil demand won't stop growing before 2040 despite pledges made at the Paris climate change summit last year to cap greenhouse-gas emissions, the chief of the International Energy Agency said.
NORTH DAKOTA CRUDE OUTPUT DROPS TO MORE THAN TWO-YEAR LOW
North Dakota's crude-oil production in September dropped to the lowest level in more than two years on depressed prices.
DAKOTA PIPELINE'S BUILDER SEES OBSTACLES DISAPPEARING SOON
Kelcy Warren, the head of the company building the contested Dakota Access Pipeline, said Obama administration delays won't stop the pipeline from moving forward under a Trump administration, or sooner if a court intervenes.
RIO TINTO TERMINATES EXECUTIVES OVER SIMANDOU INVESTIGATION
Rio Tinto terminated the contracts of energy and minerals chief executive Alan Davies and legal and regulatory affairs group executive Debra Valentine over aninternal investigation into 2011 contractual arrangements with a consultant who provided advisory services on the Simandou project in Guinea.
KERRY PREDICTS TRUMP WON'T SLOW EFFORTS TO FIGHT CLIMATE CHANGE
Secretary of State John Kerry sought to reassure thousands of government delegates, climate advocates and business leaders gathered at a United Nations conference that President-elect Donald Trump won't slow global efforts to address climate change.
MAZDA CEO SAYS ELECTRIC CARS COMING IN 2019
Mazda Motor CEO Masamichi Kogai said the company plans to start selling electric vehicles in 2019, joining rivals in Japan that face tightening emission standards abroad.
U.S. PRODUCER PRICES HOLD FLAT IN OCTOBER
A gauge of U.S. business prices held flat in October, suggesting inflation pressures remain mild.
U.S. INDUSTRIAL PRODUCTION FLAT IN OCTOBER
Industrial output was flat in October, as unusually warm weather depressed demand for home and office heating, but the U.S. manufacturing and mining sectors showed continued signs of stabilization.
STOCKS MOSTLY LOWER AS POSTELECTION RALLY STALLS
U.S. stocks drifted mostly lower as investors weighed the possible effects of President-elect Donald Trump's policies. Banks retraced some of their recent gains, and health-care, materials and industrials shares also slipped.
======== DOW JONES NEWSWIRES ANALYSIS AND COMMENTARY ========
MARKET TO OPEC: MAKE A DEAL OR PRICE ROUT RESUMES
For slumping oil prices, the upcoming OPEC meeting is seen as key, but the group's behavior is raising doubts that it is prepared to cut output enough to rebalance an oversupplied market.
5 REASONS WHY OIL PRICES COULD FALL FURTHER
Many traders and analysts believe oil markets are still glutted from the drilling boom. Growing global supply makes them vulnerable to several factors that could keep prices falling.
(END) Dow Jones Newswires
November 16, 2016 18:14 ET (23:14 GMT)
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