Latest on Oil

Oil prices were steady, trading just below the 17-month high hit earlier this week, with sentiment upbeat because major oil producers are expected to reduce output from January.

Encana Boosts Forecasts, Citing Lower Costs and Increased Volumes

Energy producer Encana Corp. said Wednesday that results in 2017 will exceed its forecast released just a few months ago as the company continues to cut costs and boost volumes.

Exxon Mobil Cashes Out Ex-CEO Tillerson Ahead of Confirmation Hearings

Exxon Mobil has awarded former Chief Executive Rex Tillerson a $180 million retirement package as the company moves to break financial ties with President-elect Donald Trump's nominee for secretary of state.

Bonanza Creek Bankruptcy Means Losses for Investors in 2015 StockOffering

Shares of Bonanza Creek Energy Inc. jumped 40% Wednesday on its plans to shed more than half of its debt in bankruptcy proceedings, but the pop is little consolation for investors who bought the shares of the Denver energy producers' stock offering two years ago.

Energy Future Cleared to Poll Creditors on Bankruptcy Exit

A bankruptcy judge authorized creditors to begin voting on Energy Future Holdings Corp.'s chapter 11 exit plan Wednesday after the Texas power giant flip-flopped on a deal with senior lenders.

Gas Producers Fall Even as Gas Prices Rise

The new year started off terribly for one of 2016's best-performing commodities, reinforcing fears that have lingered over the market for months.

Statoil Plans 30% Increase in Exploration Drilling This Year

Norway's Statoil plans a 30% increase in exploration drilling activity this year, as efficiency gains and lower market costs allow its investment budget to stretch further than previous expected.

Slippery Logic to Russia's Oil-Cut Claim

Russia's pledge to cut output may have less impact on oil supply than the headlines suggest.

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. Executing these asset sales has become crucial for retaining shareholder confidence and reducing the company's mountain of debt.

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.

Faraday Future Faces Crucial Test With New Electric Car

The startup is revealing an all-electric car at CES that it says will be ready for production and will cast aside doubts about its future.

(END) Dow Jones Newswires

January 05, 2017 07:15 ET (12:15 GMT)

Copyright (c) 2017 Dow Jones & Company, Inc.