Latest on Oil

Crude prices were lower in Asian trade on Friday as investors cashed in profits ahead of the holiday break.

Blackstone in Talks for Stake in Energy Transfer Partners Assets

Private-equity firm Blackstone Group is in talks to take a stake in assets owned by Energy Transfer Partners LP, according to people familiar with the matter, as the natural-gas pipeline owner seeks to complete its $21 billion sale to a sister company.

Anglo American Rethinks Sale Plan as Commodity Prices Rise

A year after Anglo American announced one of the most dramatic corporate downsizing efforts ever, the company now is rethinking the plan as politics and shifting market conditions alter the company's status.

Trump Calls for Expansion of Nuclear-Weapon Capabilities

President-elect Donald Trump said in a cryptic tweet that he supports an expansion of U.S. nuclear-weapon capabilities, the latest social-media missive to baffle experts and ratchet up international tensions.

GOP Tax Plan Could Boost Prices at the Pump

A proposal aimed at encouraging production of U.S.-made goods could push domestic oil prices higher and leave consumers paying more at the pump, some energy economists say.

An Obscure Oil Bet Takes Off

A relatively obscure approach to oil-options trading is attracting attention as Republicans push a tax plan that some economists say could raise U.S. oil prices.

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 Petrobras Expects $1.6 Billion From Total Deal in Next Two Months

Brazilian state-run oil company Petróleo Brasileiro said Wednesday its strategic alliance with France's Total would bring in $1.6 billion cash in the next two months, a much-needed boost as it struggles to unload assets and reduce its debt burden.

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.

(END) Dow Jones Newswires

December 23, 2016 00:15 ET (05:15 GMT)

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