Latest on Oil

Crude futures settled higher on Friday, driven by signs of the market tightening after major oil producers agreed to cut output and by weakness in the U.S. dollar.

Higher Oil Prices Put Smiles on the Faces of Energy Executives

A recovery in oil prices has cheered energy-industry leaders gathered this week for the annual meeting of the World Economic Forum, with many confident that demand is finally better matched with supply after a two-year price collapse.

Kansas City Southern Results Pressured by Weak Energy Market

Kansas City Southern, which posted flat revenue and sagging profit even as the wider railroad sector shows glimmers of a turnaround, warned of risks to the U.S. and Mexican economies if negotiations about a cross-border trade deal aren't handledcarefully.

Schlumberger Looks Towards Growth After Posting Another Quarterly Loss

Schlumberger's chief executive expressed cautious optimism Friday that a two-year downturn that ravaged the world-wide energy industry has reached its bottom and recovery is on the way.

U.S. Oil Producers Ramp Up Spending

U.S. oil producers, optimistic that higher crude prices are here to stay, have issued 2017 budgets that call for dramatically greater spending to tap new wells.

U.S. Oil-Rig Count Climbs by 29, Baker Hughes Says

The number of rigs drilling for oil in the U.S. rose by 29 in the past week to 551, according to oil-field services company Baker Hughes Inc.

Oil-Field Services Company Keane Prices Upsized IPO at High End of Range

Oil-field services company Keane Group Inc., which increased the size of its initial public offering at least twice, said the IPO priced at the high end of its estimated range Thursday.

PeabodyEnergy Bondholder Group Proposes Rival Restructuring Plan

A group of Peabody Energy bondholders are pressing a rival restructuring plan for the coal miner, according to people familiar with the matter, going to head to head with the big investment firms that back Peabody's current strategy.

Dakota Access Pipeline Protesters Arrested

Authorities in North Dakota arrested 21 protesters opposed to the construction of the Dakota Access Pipeline late Wednesday, during the most serious clash between protesters and law enforcement since a move by the Obama administration last month effectively halted the pipeline's construction.

Brazil Supreme Court Judge in Charge of Car Wash Probe Dies in Plane Crash

Teori Zavascki, Brazil's Supreme Court judge in charge of the country's landmark Operation Car Wash corruption investigation, died Thursday when a small plane he was traveling in crashed off the coast of the state of Rio de Janeiro.Energy Secretary Candidate Rick Perry Regrets Call to Eliminate Agency

Following a polite, sometimes even humorous confirmation hearing Thursday, former Texas Gov. Rick Perry is likely to receive enough congressional support to be confirmed to lead the Energy Department, despite once calling for its elimination.

(END) Dow Jones Newswires

January 20, 2017 16:15 ET (21:15 GMT)

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