Latest on Oil

Crude futures rose slightly in Asia on Monday as the U.S. government was poised to scrap a rule that calls for transparency on payments by energy and metals firms to foreign governments.

Signs of Shift in Oil Balance

The oil market is signaling that a supply glut may be easing, which analysts say could push current prices above future prices as soon as the second quarter.

Japan's LNG Market Beckons U.S. Exporters

Last year Japan spent nearly $30 billion importing liquefied natural gas. If the U.S. over the next decade can grab a significant chunk of that pie, it could make a dent in the $60 billion trade surplus Japan had with the U.S. in 2016.

Iran to Increase Oil Output Amid U.S. Tensions

Iran is set to boost its crude output next month, a top Iranian oil official was reported as saying, and added that a deadline to bid for oil and gas fields had been pushed back.

Phillips 66 Profit Disappoints; Revenue Grows

Phillips 66's adjusted profit fell more than expected despite revenue growth in the final quarter of the year, as commodity prices continue to pressure the energy manufacturing and logistics company.

Oil Firms Win a Round on Reporting Foreign Payments

Legislation to eliminate two energy-related regulations is headed to President Donald Trump's desk, including one requiring U.S. energy companies to report payments to foreign governments for development rights.

Coal Miners Begin Selling Shares to Public Again After Period of Tumult

At least a half dozen U.S. coal firms are preparing or exploring public offerings, in what could be the biggest wave of coal IPOs in at least two decades.

Oil Prices Close Higher on Expectations for Lower Output

Oil pricesclosed higher on Friday, as investors hoped that the output cuts by major producers would continue to chip away at global oversupply.

U.S. Oil-Rig Count Climbs by 17

The number of rigs drilling for oil in the U.S. rose by 17 in the past week to 583, according to oil-field services company Baker Hughes Inc., marking the third consecutive week of double-digit gains.

Peabody, Blackhawk Tap High-Yield Debt Markets

Coal-mining companies shut out of the capital markets last year may soon see a reversal of fortunes.

U.S. Hits Iran With Sanctions, Drawing Threat From Tehran

The Treasury Department sanctioned more than two dozen Iranian, Chinese, and Emirati businesses and individuals, and Iran said it would sanction Americans in return.

(END) Dow Jones Newswires

February 06, 2017 07:15 ET (12:15 GMT)

Copyright (c) 2017 Dow Jones & Company, Inc.