Latest on Oil

Crude-oil futures settled slightly higher as resilient output from the U.S. and uncertainty over OPEC's commitment to production cuts kept investors cautious.

U.S. Oil-Rig Count Climbs by 14

The number of rigs drilling for oil in the U.S. rose by 14 in the past week to 631, while the nation's gas-rig count rose by six to 157

Statoil Says Business Resilient to Tougher Climate-Change Rules

Statoil said it was rebalancing its business model so far toward renewables and cleaner fossil fuels that the value would rise even if governments took drastic actions to limit carbon emissions.

BP in Talks to Sell Forties Pipeline System

Oil major BP confirmed it is in talks with Ineos over the potential sale of its Forties pipeline system in the U.K. North sea.

Exxon Rejects New York's Accusations in Climate Case

Exxon Mobil called accusations that it withheld documents relating to climate change from the New York attorney general an attempt to discredit it, but disclosed a newly discovered technical issue that could mean it will soon release more of its former chairman's emails.

In a First, Japanese Court Blames Government in Fukushima Disaster

A court has found for the first time that the Japanese government was negligent in the Fukushima Daiichi nuclear power plant's triple meltdown in March 2011 and owes damages to people who fled the radiation.

Why Oil Demand May Be Higher Than Expected

The International Energy Agency's annual estimates of global crude demand have been revised up for the past seven years by an average of 880,000 barrels a day, according to a Wall Street Journal analysis.

Toshiba Needs to Contain Its Nuclear Problems

The Japanese conglomerate's options for its troubled Westinghouse subsidiary are unappealing.

Owner of World's Largest Jeweler Targets $3.1 Billion Energy Deal

Hong Kong-based Chow Tai Fook Enterprises has agreed to buy Australian utility Alinta Energy, the latest deal by foreign investors in the country's energy sector.

Lawsuit From 2015 Brazilian Mining Disaster Suspended

A Brazilian judge suspended a nearly $50 billion lawsuit against mining firms responsible for the 2015 Samarco disaster Thursday, as negotiations between the companies and authorities moved forward.

Cargill to Sell Oil Trading Business to Macquarie

Cargill will sell its petroleum-trading business to Macquarie Group, part of a years-long campaign by the agricultural giant to refocus its sprawling business portfolio toward its core food operations and higher-profit products.

(END) Dow Jones Newswires

March 17, 2017 16:15 ET (20:15 GMT)

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