Latest on Oil
Crude oil futures were up Tuesday amid muted holiday trading as investors remain in a wait-and-see mode ahead of a landmark effort by oil producers to reduce global supply.
Panasonic to Put $260 Million Into Plant Supplying Solar Cells to Tesla
Panasonic expects to invest more than $260 million in a Buffalo, N.Y., plant that will make photovoltaic cells and modules for Tesla Motors.
Key Metric Likely Won't Reflect Oil Rally
An important accounting metric investors use to compare oil companies is unlikely to reflect recent rally as it relies on average historic oil prices.
Mexican Government to Bump Up Gasoline Prices in January
The maximum retail price of regular gasoline in Mexico will rise on average 14% as of Jan. 1, a widely expected move intendedto incorporate higher oil prices and a weaker peso into the cost as Mexico moves to market-set prices for the fuel in 2017.
Oil Producers Turn to Wind Power
European oil companies are taking a closer look at offshore wind projects, as construction costs drop and investor interest in renewables grows. Many have an advantage: experience drilling in punishing conditions at sea.
Halliburton Settles Securities Fraud Lawsuit
Halliburton Co. said it settled a 14-year-old securities fraud class action lawsuit that had gone to the U.S. Supreme Court.
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.
(END) Dow Jones Newswires
December 27, 2016 11:15 ET (16:15 GMT)
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