Latest on Oil

A weaker dollar and concerns about the U.K.'s exit from the EU helped lift gold to a two-month high.

China's Oil Output Set for Long-Term Slump

China's oil production has entered a long-term decline, the government acknowledged, signaling that the country will become increasingly dependent on imports.

Saudi Oil Minister Plays Down U.S. Oil Rebound Concerns

Saudi Arabia's oil minister Tuesday said U.S. oil production will take time to bounce back amid concerns resurgent prices driven by OPEC production cuts could benefit North American rivals.

Noble Energy to Buy Oil and Gas Company Clayton Williams

Noble Energy will pay $2.7 billion to buy Clayton Williams Energy in a deal that will give it a combined 120,000 acres of oil-rich property in West Texas.Despite Plunging Peso, Wildcatters Try Making Money on Oil in Mexico

Wildcatters are crossing the border into Mexico to pour money into the country's recently deregulated energy sector, betting that the plunging peso and other economic stress won't disrupt their business.

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.

(END) Dow Jones Newswires

January 17, 2017 07:15 ET (12:15 GMT)

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