Latest on Oil

Oil futures slipped Wednesday in Asia as traders continued to weigh the prospect of production cuts by big oil-producing nations against a rise in U.S. drilling and inventories.

Saudi Aramco Axes Plans for Petronas Joint Venture

Saudi Aramco has given up plans to partner Malaysia's Petronas for an up to $20.1 billion refining and petrochemicals project, people familiar with the matter say.

BHP Billiton Cuts Annual Copper Output Forecast

Copper's rise to an 18-month high is being fanned by global production problems at the world's largest miner, which saw a prolonged power blackout at an Australian mine and now faces threats of a strike in Chile.

Trump Takes Action to Revive Keystone, Dakota Pipelines

President Trump moved to revive the Keystone XL andDakota Access pipelines, projects that were rejected under the Obama administration.

Libya Says Oil Sector Open Again for Business

Libya's oil chief said the country intends to reopen its oil sector to new foreign investments, a move that would give oil companies the opportunity to develop the largest petroleum reserves in Africa for the first time in five years.

Linn Energy Wins Approval of Chapter 11 Exit Plan

Linn Energy LLC on Tuesday won court approval of its restructuring plan, paving the way for the Houston oil and gas explorer to emerge from chapter 11 protection.

Peru Moves to Oust Odebrecht Over Bribes

Peruvian President Pedro Pablo Kuczynski said Brazilian construction company Odebrecht SA will have to sell its projects and leave the country after admitting it paid millions of dollars in bribes to win contracts.

Do We Still Need the Keystone Pipeline?

Energy firms cheered news that President Trump tookactions to revive two stalled pipeline projects.

Regulators Push Peabody on Plan to Fund Mine Cleanup

Peabody Energy is facing pushback from state regulators in Missouri and Indiana that say the coal mining company hasn't explained how it intends to fund its obligation to clean up its mines once it exits bankruptcy protection.

China and India Curb Their Enthusiasm for Oil Reserves

The world's oil producers are counting on a production cut to boost crude prices, but a slowdown in stockpiling by China and India could be an obstacle.

Halliburton's Rebound Isn't Good Enough

Halliburton's results benefited from a sharp recovery in shale oil production, but it may have been too little for investors.

(END) Dow Jones Newswires

January 25, 2017 00:15 ET (05:15 GMT)

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