Latest on Oil

Oil prices edged higher as coming cutbacks from some of the world's biggest producers keep supporting the market when trading is light because of the holidays.

Energy Future Holdings, Senior Lenders Settle $800 Million Fight

Energy Future Holdings reached a deal with senior lenders that bested the Dallas power giant in an $800 million court fight over the premium due for early payoff of debt in a bankruptcy refinancing.

Libya National Oil Co. Says Pipelines Reopened in the Country's West

Libya's National Oil Company said Tuesday long shuttered pipelines had reopened in the country's west that could supply 270,000 barrels a day of crude oil in the next three months-almost half its current output.

Murphy Energy Approved to Sell Natural-Gas Terminals

A judge approved the $33.1 million sale of natural-gas transporter Murphy Energy's Port Hudson terminal in Louisiana, which was auctioned along with several other terminals as part of the company's bankruptcy.

Regulators Rap Firms Using Severance to Silence Whistleblowers

U.S. securities regulators have twice this week penalized firms for allegedly trying to silence whistleblowers, escalating a crackdown on severance arrangements seen as discouraging employees from reporting wrongdoing.

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 ChairmanN. 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.

(END) Dow Jones Newswires

December 20, 2016 16:15 ET (21:15 GMT)

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