Latest on Oil

Oil prices settled lower, reversing early gains after new data showed increasing imports caused an unexpected addition to stockpiles.

U.S. Oil Inventories Unexpectedly Rise

U.S. crude oil stockpiles unexpectedly increased in the latest week while gasoline supplies fell, government data showed.

Congress Puts Clean-Coal Tax Credits on Table

The most expensive fossil-fuel power plant ever built in the U.S. could soon get a financial lifeline thanks to President-elect Donald Trump, who has signaled interest in clean coal tax-credit initiatives as a way to preserve mining jobs.

Allianz Global Investors Backs Wind Farm Owned by Berkshire

Allianz Global Investors provided more than $400 million in debt-financing to a wind-farming project in Nebraska as the asset manager pushes further into less-traditional investments.

Loosening of Mexico's Gasoline Prices Draws Heat

Mexico is moving to end eight decades of government-controlled gasoline prices, a step that will lead to a big jump in prices at the pump and could prompt a backlash against the government's efforts to liberalize the country's energy market.

Obama Administration to Block Some Offshore Drilling

The Obama administration announced plans to indefinitely block oil and natural-gas drilling in parts of the Atlantic and Arctic oceans, part of last-minute actions seeking to lock in the departing president's environmental legacy.

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.

Energy FutureHoldings, 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.

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.

Dakota Plains Holdings Seeks Chapter 11 Protection

Crude oil transportation and storage company Dakota Plains Holdings Inc. filed for chapter 11 bankruptcy Tuesday.

Maxus Energy to File Two-Path Chapter 11 Exit Plan

Pressured by creditors, Maxus Energy has agreed to file a chapter 11 exit plan soon, but there is no decision yet on a path forward for a bankruptcy driven by the need to clean up New Jersey's contaminated Passaic River.

(END) Dow Jones Newswires

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

Copyright (c) 2016 Dow Jones & Company, Inc.