Latest on Oil

Oil prices edged higher on Friday, as traders closed out bets on falling prices ahead of the holiday break.

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.

Peabody Floats Plan to Cut $5 Billion in Debt

Peabody Energy has support from its senior lenders on a reorganization plan that would reduce its debt by more than $5 billion and see it exit bankruptcy in the spring.

U.S. Oil-Rig Count Rose by 13 in Latest Week -- Baker Hughes

The number of rigs drilling for oil in the U.S. rose by 13 in the past week to 523, according to oil-field services company Baker Hughes Inc.

SunEdison Has Settlement Offer From TerraForm Power

SunEdison Inc. Chief Executive John S. Dubel said Thursday that the renewable-energy company has received a settlement offer from spinoff TerraForm Power Inc., which claims its corporate parent caused it more than $1 billion in damages.

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.

New Mexico Nuclear-Waste Plant Cleared for Reopening

Federal officials on Friday authorized the reopening Waste Isolation Pilot Plant near Carlsbad, N.M., which had been closed for nearly three years following a radiation accident.

Forbes Energy Services Plans to File for Chapter 11

Oil-field services company Forbes Energy Services expects to file for chapter 11 bankruptcy protection by Jan. 23 with a prepackaged plan.

Much Ado About Not Much as OPEC Oil Deal Is Set to Kick Off

The group's oil-output agreement, set to begin next month, may deliver a modest cut in production compared with what it was in September.

'Let It Be an Arms Race,' Trump Says

President-elect Donald Trump said Friday that he welcomes an international nuclear-arms race, a comment his spokesman later sought to temper and which Russian President Vladimir Putin seemed to dismiss.

Democrats Demand Rex Tillerson's Tax Returns

Democrats are pressing for access to Rex Tillerson's tax returns, in a preview of what is expected to be a concerted attack on the business interests and financial holdings of the president-elect's cabinet picks.

(END) Dow Jones Newswires

December 23, 2016 16:15 ET (21:15 GMT)

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