Latest on Oil

Oil prices are slightly higher in early Asia trade Thursday, as investors hunt for bargains, but the volume remains thin ahead of the new year.

North Dakota Pipeline Leak May Have Been Caused by Landslide

The operator of a pipeline that spilled an estimated 4,200 barrels of crude oil and contaminated a creek in Western North Dakota said Wednesday the leak might have been caused by a landslide, something federal regulators say may put other sections of the pipeline at risk.

Anadarko Petroleum to Sell Marcellus Shale Natural Gas Assets

Anadarko Petroleum is selling natural-gas fields in Pennsylvania and some pipelines in the area for $1.2 billion to a subsidiary of Alta Resources Development LLC, a private energy company based in Houston.

Brazil's PetrobrasSays Partnership With France's Total Worth $2.2 Billion

Brazilian oil company Petróleo Brasileiro SA said Wednesday its strategic alliance agreement with France's Total SA, which will include some asset sales and joint investments, will have a total value of $2.2 billion.

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 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.

(END) Dow Jones Newswires

December 22, 2016 00:15 ET (05:15 GMT)

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