Latest on Oil

Following oil's worst US session in 3 weeks Tuesday, futures are slightly higher in early Asia trading.

Tesla Narrowly Misses 80,000-Vehicle Sales Goal in 2016

Tesla's fourth-quarter sales rose 27%-but not enough for the Silicon Valley auto maker to reach its goal of delivering at least 80,000 vehicles in 2016.

KKR to Buy SM Energy's South Texas Assets for $800 Million

SM Energy said it reached an agreement with a subsidiary of Venado Oil and Gas, LLC, an affiliate of KKR & Co., to sell the company's third party operated assets in the Eagle Ford drilling region in south Texas for $800 million.

Shell Seeks to Streamline in 2017

Shell helped sell investors on its $50 billion acquisition of BG Group by promising to unload $30 billion in assets. Executingthese asset sales has become crucial for retaining shareholder confidence and reducing the company's mountain of debt.

Natural-Gas Producer EQT Corp. Is Urged to Pursue Merger With Rivals

An investor is urging natural-gas producer EQT Corp. to pursue a merger with rivals Antero Resources Corp. or Range Resources Corp. to create a stronger player in the shale regions of the northeast U.S.

Samson Resources Close to a Deal

Samson Resources has given junior creditors until Friday to stand down from a bankruptcy-court confrontation over the oil-and-gas company's future.

Marathon Petroleum to Accelerate Asset Drop-Down

Marathon Petroleum announced plans to accelerate drop-down deals and conduct a strategic review of its speedway assets, months after hedge fund Elliott Management raised concerns with the energy company.

Oil Firms That Sold Shares During Collapse Are Now Riding High

Energy companies that sold shares in the last two years to survive the vicious collapse in oil prices finished on top in 2016.

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

(END) Dow Jones Newswires

January 04, 2017 00:15 ET (05:15 GMT)

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