Latest on Oil
Oil futures were slightly higher in Asia trading Friday, as focus shifts back to the recently announced production cuts in crude oil.
Theresa May's Brexit Dilemma
The U.K. has spent six months debating where it wants to go. But now, with just three months until Prime Minister Theresa May intends to formally start the Brexit process, it is grappling with a new question: How to get there?
Pakistan Turns to China in Energy Binge
Pakistani Prime Minister Nawaz Sharif is betting on a $21 billion Chinese-backed splurge on energy projects to boost the country's economy-and his re-election bid.
Libya Halts Relaunch of Oil Production at Western Fields
Libya's National Oil has for now stopped the relaunch of production at oil fields in the country's west, Libyan officials said Sunday, after a militia threatened to block the petroleum from reaching the market.
Shell to Sell Australian Aviation Fuels Business for $250 Mln
Royal Duth Shell has agreed to a deal to sell its Australian aviation fuels business in Australia to Viva Energy Australia for about US$250 million.
BP Strikes $2.2 Billion UAE Deal
BP has traded a 2% stake in the company for a 10% interest in one of the last big oil concessions available in the Middle East.
U.S. Politics Prompt Saudis to Rethink Financial Strategy
Saudi Arabia is re-evaluating its multibillion-dollar U.S. financial strategy because of shifts in the American political landscape, including whether to go elsewhere with the public stock debut of its state oil firm.
U.S. Oil-Rig Count Up by 12 in Week to 510
The number of rigs drilling for oil in the U.S. rose by 12 in the past week to a total of 510, according to oil-field services companyBaker Hughes Inc.
Petróleo Brasileiro Signs Financing Deal with China Development Bank
Brazil's state-controlled oil company Petróleo Brasileiro signed a $5 billion financing deal with the China Development Bank, the latest example of a troubled Latin American issuer reaching to Chinese institutions for help.
Chesapeake Energy Drills Deeper for Profit
Natural-gas giant Chesapeake Energy is drilling 'supersize' wells that run for miles underground, hoping to produce more fossil fuels for less cost and turn its fortunes around in an era of low oil prices.
Holiday Lights Are Pretty, but They Can Be Power-Hungry
Exactly how much energy an individual set of holiday lights will consume depends on the bulbs, and the difference is dramatic: The largest incandescent Christmas lights use 175 times more electricity than mini-LEDs, and even the smallest incandescent bulbs consume 10 times more energy.
(END) Dow Jones Newswires
December 19, 2016 00:15 ET (05:15 GMT)
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