Latest on Oil

Despite some preholiday selling, analysts say the sentiment around crude remains positive, particularly with production cuts ahead.

Brazil's Petrobras Plans to Claim Part of Odebrecht's Settlement

Brazilian oil company Petrobras plans to request part of the record anticorruption settlement that construction company Odebrecht signed earlier this week with Brazilian, U.S. and Swiss authorities.

Shell Sells 20% Vivo Energy Stake to Vitol Africa for $250M

Royal Dutch Shell said it is selling its 20% stake in Vivo Energy to Vitol Africa B.V. for $250 million, in line with its strategy to concentrate downstream operations where it can be most competitive.

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.

(END) Dow Jones Newswires

December 23, 2016 11:15 ET (16:15 GMT)

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