Latest on Oil

Crude oil prices are likely to remain underpinned by forecast production cuts going into 2017, says Stuart Ive, client advisor at OM Financial.

BP Eyes Growth with String of Oil, Gas Deals

BP PLC has pulled off a string of deals in recent weeks that signal the British oil giant is looking to grow again after six years of retrenchment following the deadly Deepwater Horizon disaster.

As the Oil-Sands Industry Declines, Its Biggest Champion Bolts

The gravity of the challenges facing Canada's oil-sands industry has been hammered home by the absence of Canadian Natural Resources Chairman N. Murray Edwards, who has acted as a sector standard-bearer for more than a decade.

Rule Tightens Restrictions on Coal Mining Near Streams

The Interior Department on Monday issued a rule putting tighter restrictions on coal mining near streams, one of several environmental rules President-elect Donald Trump .

SunEdison Considers $42.5 Million Sale of Wind Projects

SunEdison Inc. is seeking to sell its stake in a group of wind-energy power plants located in Oklahoma and Idaho to investment firm DIF for $42.5 million.

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.

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.

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. 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 company Baker 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.

(END) Dow Jones Newswires

December 20, 2016 04:15 ET (09:15 GMT)

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