Latest on Oil

Crude oil prices settled lower on Friday with all eyes on the extent to which pledges on output cuts are being met.

EPA Locks in Tougher Fuel-Economy Rules

Environmental regulators issued a final decision Friday to keep intact tougher fuel-economy standards, rushing to lock in one of President Barack Obama's signature climate policies.

Fiat Chrysler Allegations Fuel European Emissions Scandal

Allegations against Fiat Chrysler, a probe into Renault and Volkswagen's admission of guilt to criminal charges point to the possibility of widespread emissions cheating and a Europe-wide problem with rule enforcement.

U.S. Oil Rig Count Falls By Seven, Baker Hughes Says

The number of rigs drilling for oil in the U.S. fell by seven in the past week to 522, according to oil-field services company Baker Hughes.

Anadarko to Sell South Texas Assets to Sanchez Energy and Blackstone

Anadarko Petroleum Corp. has agreed to sell its South Texas oil-and-gas assets to Sanchez Energy Corp. and Blackstone Group LP for $2.3 billion.

Canada's AltaGas in Talks to Combine With D.C. Utility WGL

Canada's AltaGas Ltd. is in talks to combine with WGL Holdings Inc. in a transaction that could value the parent of Washington, D.C.'s natural-gas utility at $5 billion to $6 billion, as increasing use of natural gas spurs merger activity.

Hess to Up Investment in Shale Oil, Will Take Hefty Charge

Hess Corp. said its capital and exploratory budget will grow by 18% in 2017 compared with last year as it dives deeper into the oil patch, following similar moves from other shale drillers that have made investors wary.

OPEC Takes Aim at Its Biggest Problem: Oil Storage

A big obstacle is emerging for the Organization of the Petroleum Exporting Countries' plan to raise oil prices with output cuts: vast global reserves of crude that threaten its power over markets.

Peabody Lenders Commit to $1.5 Billion Exit Loan

Peabody Energy has lined up a promise from lenders to arrange $1.5 billion in new financing to take it out of chapter 11 protection in the coming months.

Fiat Chrysler Used Emissions-Cheating Software, EPA Says

The Environmental Protection Agency has accused Fiat Chrysler of diesel-emissions violations, saying the auto maker allegedly used software on recent diesel-powered Jeep Grand Cherokee and Ram trucks.

Exxon Active in Sanctions Debates, but Rex Tillerson Denies Lobbying

Oil giant Exxon Mobil has a long history of advocacy and engagement around issues related to international sanctions, including membership in a Washington-based trade group that strongly opposes unilateral U.S. sanctions against foreign countries and entities.

(END) Dow Jones Newswires

January 13, 2017 16:15 ET (21:15 GMT)

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