Oil Prices Slip as Production Deal Prospects Fade
Oil prices continued to edge down as growing global oil supplies have spread doubts about major producers' commitment to curtailing output and on expectations that U.S. crude inventories may rise.
Maersk Shares Sink After Profit Hit by Weak Freight Rates, Oil Prices
Shares in A.P. Moeller-Maersk fell as much as 9% after the Danish shipping-and-oil giant reported a 43% drop in third-quarter net profit amid sustained weak freight rates and low oil prices
TransCanada Swings to Loss, Sells Assets to Finance Pipeline Deal
TransCanada Corp. said it swung to a net loss in the third quarter largely because of a write-off on its Northeast U.S. renewable power generation business, which it has agreed to sell to help fund a major gas pipeline system deal.
Global Stocks Fall on U.S. Election Jitters
Jitters around the U.S. presidential election sent stocks lower while haven assets climbed, just hours ahead of an interest rate decision from the Fed
Shell, BP Earnings Benefit From Cost Cuts Amid Weak Oil Prices
Royal Dutch Shell and BP posted better-than-expected third-quarter profits, joining other big oil companies in showing progress in efforts to adapt to weaker prices.
Occidental Petroleum Posts Loss
Occidental Petroleum reported a third-quarter loss on a continued decline in revenue, as the oil-and-gas company deals with low energy prices.
Drilling Contractor Weatherford Remains Within Debt Covenants
Drilling contractor Weatherford International, whose stock plunged to a 1999 low on Tuesday amid concerns about its balance sheet, said it expects to meet all debt obligations through at least the end of the year.
Judge Denies ParagonOffshore Reorganization Plan
Paragon Offshore has gone back to the drawing board after a bankruptcy judge denied its reorganization plan.
Saudi Oil Minister Sees Demand Rising Despite Renewables
Global appetite for oil and gas will continue to grow despite intensifying efforts to curb climate change, even as renewable energy plays an increasing role in the energy mix, Saudi Arabia's powerful energy minister Khalid Al-Falih said.
American Electric Power Swings to Loss
American Electric Power swung to a loss in its latest quarter as the electricity producer sustained a $2.3 billion impairment linked to power plants in Ohio.
Emerson Electric Gives Downbeat Outlook
Emerson Electric posted top- and bottom-line declines in its fiscal fourth quarter and outlined a tough year ahead, as lower industrial spending continues to weigh on the manufacturing sector.
(END) Dow Jones Newswires
November 02, 2016 08:42 ET (12:42 GMT)
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