Latest on Oil

Oil futures edged higher, with investors watching the progress of production cuts by major oil-producing countries, one month after the deal was implemented.

Marathon Petroleum Posts Revenue, Profit Gains

Marathon Petroleum's fourth-quarter earnings and revenue surged past expectations, the latest indication that the energy sector could be recovering.

Dominion Resources Warns of Lower Earnings in 2017

Dominion Resources said earnings could fall this year, hurt by import contract revenue at its Cove Point Terminal in Maryland, among other causes.

Saudi Oil Minister Applauds Trump's Energy Policy

Saudi Arabia's oil minister praised President Donald Trump's energy policies and said he welcomed an increase in American oil production as long as it grows inline with global energy demand.

BlackRock Goes $3.7 Billion Deeper Into Pipelines and Power

The world's largest asset manager is buying $3.7 billion in funds that invest in pipelines, power plants and wind farms, expanding on a bet that investors will want to back more infrastructure projects around the world.

Exxon Profit Tumbles on Charge; Revenue Rises

Exxon Mobil wrote down the value of more than $2 billion in U.S. assets, as the world's largest publicly traded oil company posted its lowest yearly earnings in 20 years.

Army Corps Given Go-Ahead for Final Permit on Dakota Pipeline

North Dakota Sen. John Hoeven said the permit will enable Energy Transfer Partners to complete the project with the necessary safety features to protect the Standing Rock Sioux Tribe and others downstream.

Toshiba to Exit Nuclear Construction Business

Toshiba plans to stop building nuclear power plants after incurring billions of dollars in losses trying to complete projects in the U.S., a move that could have widespread ramifications for the future of the nuclear-power industry.

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 important milestones in the oil giant's move to offload $30 billion in assets.

Bullish Oil Bets Hit a Record High

Bullish bets on oil rose to a record in January, reflecting optimism that crude prices are poised to move higher as OPEC starts cutting output.

Anadarko Petroleum Narrows Loss

Anadarko Petroleum Corp. said oil sales climbed 25% in its fourth quarter to help it narrow its losses, but results still fell short of profit projections.

(END) Dow Jones Newswires

February 01, 2017 11:15 ET (16:15 GMT)

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