Latest on Oil

U.S. oil prices took their largest losses in a month Monday with a wide slate of factors suggesting a glut of oil may not go away as quickly as some had bet.

Entergy to Close Controversial Indian Point Nuclear Plant

Entergy has agreed to shut down New York's Indian Point nuclear plant after striking a deal with state authorities, who have long targeted the facility out of concerns for its environmental impacts and proximity to New York City.

Nuclear Plants Fall Victim to Economic Pressures

Utilities are closing U.S. nuclear-power plants as they face competition from cheaper sources of electricity and political pressure from critics.

Oil Bust Seeps Into Texas Budget

Oil and gas markets are beginning to bounce back, but a protracted downturn will have amarked impact on Texas' budget over the next two years, state finance officials said Monday.

Chieftain Sand Files for Chapter 11 Bankruptcy

Chieftain Sand and Proppant LLC on Monday joined more than 100 other energy-related companies that resorted to bankruptcy in recent years and is now seeking a buyer.

FBI Arrests Volkswagen Executive in Emissions-Cheating Scandal

VW executive Oliver Schmidt is suspected of participating in a conspiracy to defraud the U.S. in connection with the company's emissions-cheating scandal.

U.S. Oil-Rig Count Climbs by Four

The number of rigs drilling for oil in the U.S. rose by four in the past week to 529, oil-field services company Baker Hughes Inc. said Friday

Saudi Arabia Cuts Output in Accordance With OPEC Deal

Saudi Arabia has cut its crude-oil production by at least 486,000 barrels a day since October, bringing the world's largest exporter of petroleum swiftly into line with OPEC's deal to raise prices.

Venezuela's Oil Company Sued Over Latest Citgo Deal

Petróleos de Venezuela is facing new legal action from North American multinationals over financial maneuvers they say are designed to shield the state-owned oil giant's U.S. assets from seizure.

EU Tax Push May Land Engie With $300 Million Luxembourg Levy

France's Engie may have to return more than $300 million in unpaid taxes to Luxembourg if the energy company's tax arrangements are found to breach EU rules on illegal state aid.

U.S. Oil Inventories Plunge, Fuel Supplies Surge

U.S. crude oil inventories declined much more than expected for the week ended Dec. 30, but fuel stockpiles rose higher, according to data released by the EIA.

(END) Dow Jones Newswires

January 09, 2017 16:15 ET (21:15 GMT)

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