Latest on Oil
Oil futures fell further in Asian trade on Tuesday, as concerns about rising U.S. oil output and U.S. President Donald Trump's policies rattled investors.
Shell to Sell Package of U.K. North Sea Assets to Chrysaor for $3.8 Billion
Royal Dutch Shell is selling a number of assets in the U.K. North Sea to private-equity backed Chrysaor for up to $3.8 billion, marking an important milestone in the oil giant's substantial divestment plan.
Frontline Makes Hostile Bid for Rival DHT
Norwegian shipping company Frontline Ltd. launched a $475 million takeover bid for rival DHT Holdings Ltd., seeking to expand its fleet of supersize oil tankers at a time that the industry is battling low rates.
Analysts See Oil Prices Rising as OPEC Production Cut Bears Fruit
Analysts are raising their oil price forecasts for the first time in five months, as a survey of 15 investment banks predicts that Brent crude will average $56 a barrel this year.
GM-Honda Joint Venture to Make Fuel Cells in Michigan
General Motors and Honda Motor have formed a joint venture to build fuel cells for use in future vehicles, the latest auto makers to forge ahead on the pricey, emissions-free technology despite barriers to commercial success.
Oil Firms Plot Divergent Spending Paths
While shale oil drillers are boldly raising annual budgets to come roaring back in Texas, New Mexico and North Dakota, international oil giants are planning to hold back spending, charting a cautious path to recovery.
Slide in Energy Earnings May Have Finally Bottomed
Executives at U.S. energy companies can be forgiven for wanting to put 2016 behind them and move on to 2017.
How Would OPEC React to Possible Border Tax?
In allthe talk about border taxes, Mexico and China have drawn the most headlines, but how will OPEC react?
Waste of Energy
Analysts forecast that S&P 500 energy companies will report an 82% decline in profits for 2016.
Latin American Governments Cool on Fuel Subsidies
The fuel subsidies Latin American governments have used for decades to spread the bounty of natural resources are fading as the region's largest economies shift toward market-driven policies, deepening public ire in difficult economic times.
U.S. Oil-Rig Count Climbs by 15
The number of rigs drilling for oil in the U.S. rose by 15 in the past week to 566, according to oil-field services company Baker Hughes Inc.
(END) Dow Jones Newswires
January 31, 2017 04:15 ET (09:15 GMT)
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