OIL PRICES REVERSE LOSSES AS FINANCIAL MARKET TUMULT RECEDES
Crude oil prices reversed earlier losses and settled higher as tumult in financial markets receded and the stock market rallied.
WEATHERFORD CHIEF EXECUTIVE STEPS DOWN
Weatherford International PLC said Chairman and Chief Executive Bernard J. Duroc-Danner is leaving the oil-field services company. Chief Financial Officer Krishna Shivram will be interim CEO.
U.S. CRUDE OIL STOCKPILES RISE; FUELS DECLINE
U.S. crude oil stockpiles increased by 2.4 million barrels, more than expected, in the latest week, but fuel supplies declined sharply, according to data released Wednesday by the Energy Information Administration.
ENERGY TRANSFER EQUITY, ENERGY TRANSFER PARTNERS POST WEAKER RESULTSEnergy Transfer Equity said its third-quarter earnings fell 29%, mostly as a result of the company's move to support projects at affiliate Energy Transfer Partners by waiving special payments from the master limited partnership.
OIL, COAL SEEN AS WINNERS WITH TRUMP VICTORY
Donald Trump's surprise victory fanned expectations in the energy industry that he would clear the path for new pipelines, end U.S. participation in global climate change pacts and undo environmental regulations to boost American coal mining.
WITH TRUMP'S WIN, CLINTON AND OBAMA CALL FOR SMOOTH TRANSITION
The day after Donald Trump scored a stunning come-from-behind win to gain the presidency, Democrat Hillary Clinton and President Barack Obama separately called on the country to be open to the new leader and work toward a smooth transition.
CARBON-TAX VOTE FAILS IN WASHINGTON STATE
Voters in the state of Washington rejected a ballot measure that would have created the nation's first carbon tax as a tool to combat climate change.
DONALD TRUMP'S VICTORY INJECTS UNCERTAINTY INTO CLIMATE ACCORD
Donald Trump's surprise victory is injecting a wave of uncertainty into a global climate conference that began this week in Marrakesh, Morocco.
STOCKS RALLY AFTER OVERNIGHT TUMULT FADES
U.S. stocks rallied as investors embraced the election of Donald Trump as president, in a bet that the Republican's plans for fiscal stimulus would help lift the U.S. out of a postcrisis economic funk.
HELICOPTER OPERATOR ERICKSON FILES FOR BANKRUPTCY
Helicopter operator Erickson Inc. has put its flying fleet into bankruptcy, blaming oil and gas companies that cut back on drilling operations during a slump in energy prices.
PETROBRAS TO CUT GASOLINE AND DIESEL PRICES
Brazilian state-run oil company Petró leo Brasileiro SA said it has decided to reduce prices for gasoline and diesel,after more than a year of using its near-monopoly in the domestic fuel market to shore up its cash flows.
EIA RAISES FORECAST FOR 2017 U.S. OIL PRODUCTION
U.S. government forecasters anticipate U.S. oil production will fall more slowly than expected, led by a ramp-up in drilling in west Texas.
======== DOW JONES NEWSWIRES ANALYSIS AND COMMENTARY ========
Politics and Policy
ON ENERGY AND CLIMATE, TRUMP TO CHART A NEW COURSE
On energy and environment issues, President-elect Trump appears likely to spend the next four years working to unravel the expansive agenda President Obama has cultivated.
TRUMP VICTORY RAISES HOPES OF COAL MAKING A COMEBACK
Donald Trump's promise to revive the U.S. coal industry made him wildly popular in coal country, and his election is fanning hope in that his administration can reverse the fuel's long decline.
(END) Dow Jones Newswires
November 09, 2016 18:14 ET(23:14 GMT)
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