Latest on Oil

Oil futures began the year with modest gains in Asia trading, as oil traders kept their focus on the Organization of the Petroleum Exporting Countries and the prospect of declining global stockpiles.

Oil Firms That Sold Shares During Collapse Are Now Riding High

Energy companies that took the risky step of selling shares in the last two years to survive the vicious collapse in oil prices finished on top in 2016, rewarded as U.S. oil prices closed 2016 up 45% and with many investors betting crude could rise even higher.

Oil Prices Have a Slippery Path Upward

After more than two years of a crude glut that drove prices to decade lows, analysts and industry executives see supply and demand of oil rebalancing next year.

Cyberattacks Raise Alarm for U.S. Power Grid

Experts believe Russian hackers linked to the DNC breach are also behind attacks on utilities in Ukraine and U.S., leaving domestic power grid exposed.

How a U.S. Utility Got Hacked

Michigan utility paid $25,000 ransom to get back into its systems after hackers from overseas took over its computers

U.S. Oil-Rig Count Rose by Two in Latest Week

The number of rigs drilling for oil in the U.S. rose by two in the past week to 525, according to oil-field services company Baker Hughes.

Dakota Plains Holdings Receives First Bankruptcy Approvals

Crude oil transportation and storage company Dakota Plains Holdings received bankruptcy-court approval to place its assets on the auction block next month and to begin spending its $2 million bankruptcy loan.

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 closeFriday, 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 deals reflect 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.

(END) Dow Jones Newswires

January 03, 2017 00:15 ET (05:15 GMT)

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