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Crude futures made minor gains in early Asia trade Friday, after data from the U.S. Energy Information Administration showed smaller-than-expected growth in U.S. crude stockpiles.
End of an Era as Nymex Trading Pits Shut Down
The open-outcry trading floor of the New York Mercantile Exchange in lower Manhattan will shut down after markets close Friday, the latest step in the inexorable shift toward electronic trading.
Chinese Nuclear-Plant Delays Illustrate Toshiba's Challenges
A nuclear reactor being built by Westinghouse in China is at least three years behind schedule, offering clues to why parent Toshiba's nuclear-power ambitions have led to billions of dollars in potential losses.
Energy Giants Seek Chinese Minnows in Bid to Shift Gas
Recent dealsreflect a fundamental change in China's energy sector: The government's goal of boosting competition to facilitate a shift from coal to cleaner fuels has opened a window for private players.
Petrobras Falls Short of Asset-Sales Target
Brazilian oil company Petróleo Brasileiro SA, or Petrobras, completed a flurry of asset sales at year-end, but still fell short of its $15.1 billion divestment target for the 2015-2016 period.
U.S. Oil Inventories Rise, Fuel Supplies Fall
U.S. crude oil unexpectedly rose for the week ended Dec. 23, while gasoline supplies surprisingly fell, according to data released Thursday by the Energy Information Administration.
Toshiba Stumbles as Nuclear Bet Proves Costly
Toshiba's shares plunge as its bet on a nuclear-power revival with its purchase of Westinghouse weighs heavily on the Japanese conglomerate amid cost overruns and missed deadlines.
BP to Buy Woolworths Fuels Business
BP hasagreed to buy the fuels business of Woolworths for $1.29 billion, in the latest move by the British oil company to rebuild following the deadly Deepwater Horizon disaster.
Peabody Is Accused of Coercing Creditors to Back Debt Plan
Saying they are being rushed into making a decision, a group of Peabody Energy Corp.'s junior creditors have asked a bankruptcy court to prevent the coal miner from enforcing a Wednesday deadline they claim is being used to coerce support for the company's debt restructuring plan.
Electric Cars: Still Unpopular With Buyers and Unprofitable for Sellers
Tesla and General Motors are rolling out mid-priced electric cars, and others are coming soon. But the auto industry faces big hurdles before widespread adoption.
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 intended to incorporate higher oil prices and a weaker peso into the cost as Mexico moves to market-set prices for the fuel in 2017.
(END) Dow Jones Newswires
December 30, 2016 00:15 ET (05:15 GMT)
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