Latest on Oil

Oil prices edged higher Tuesday after data on Iran underscored doubts about OPEC's commitment to limiting output and caused oil prices to fall 4% overnight.

Libya Ramps Up Oil Production, Threatening OPEC Plans

Output has more than tripled in the past three months and hit a three-year high this week as militias make deals to reopen facilities. The country was exempted from cuts agreed to by major oil producers.

Williams Cos. Boosts Dividend

Natural-gas pipeline company Williams Cos. and subsidiary Williams Partners LP said they planned to reset their quarterly payouts and added that the parent company would boost its ownership stake in the limited partnership.

Inside Tillerson's Negotiating Style: Cozy With Power, Unbending and Theatrical

As chief ofExxon Rex Tillerson hammered out multibillion-dollar deals with government leaders of all stripes. On the other hand, a company is not a country. The Senate, which is expected to consider Mr. Tillerson's nomination on Wednesday, will weigh if this kind of expertise prepares him for the job of secretary of state.

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 a marked impact onTexas' budget over the next two years, state finance officials said Monday.

Petrobras Bond Sale Demand Surpasses $20 Billion

Demand for a U.S. bond sale announced by Brazilian state-run oil company Petróleo Brasileiro exceeded $20 billion, a person familiar with the matter said.

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

(END) Dow Jones Newswires

January10, 2017 11:15 ET (16:15 GMT)

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