Latest on Oil

Rising output in the U.S. has pressured West Texas Intermediate, but signs of OPEC and other producers sticking to promised cuts have boosted global benchmark Brent crude.

Valero Energy Revenue Rises 10%

Valero Energy posted quarterly results that beat Wall Street expectations as downtrodden energy markets show glimmers of a turnaround.

Exxon Profit Tumbles on Charge; Revenue Rises

Exxon Mobil was forced to write down the value of more than $2 billion in U.S. assets, an extremely rare step for the company, as it reported sharply lower fourth-quarter earnings.

Shell to Sell U.K., Thai Assets for Almost $5 Billion

Royal Dutch Shell capped off a flurry of deals this month with sales in Thailand and the North Sea worth nearly $5 billion, marking importantmilestones in the oil giant's move to offload $30 billion in assets.

Texas Pipeline, Highway Remain Shut After Rupture

A major crude oil pipeline owned by Enterprise Products Partners and Enbridge Inc. remained shut Tuesday after road construction crews ruptured it northeast of Dallas, causing a gusher that sprayed oil all over a highway.

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 Motorhave 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 all the talk about border taxes, Mexico and China have drawn the most headlines, but how will OPEC react?

(END) Dow Jones Newswires

January 31, 2017 11:15 ET (16:15 GMT)

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