Oil Prices Steady After OPEC Data Subdues Sentiment
Oil prices were steady after data showed record production from OPEC members while the outlook for growth in oil demand growth remained subdued, putting a lid on bullish sentiment.
Russia Willing to Freeze Crude Production at November Levels
Russian Energy Minister Alexander Novak said Moscow could freeze production at November levels and said the country still prefers a freeze to production cuts.
Monterey Ballot Vote Is Rare Victory for Anti-Fracking Movement in Oil Country
Of the hundreds of anti-fracking and similar measures across the U.S., almost all were enacted in places where there is little or no oil or gas output, unlike Monterey, which is fourth-largest oil-producing county in California.
OPEC OilOutput Expected to Remain High in November, Says IEA
OPEC's oil production rose to record highs in October and is expected to remain elevated this month, a top industry watchdog said, highlighting the challenge the cartel faces in hammering out a plan to cut output later this month.
Oil, Coal Seen as Winners With Donald 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.
(END) Dow Jones Newswires
November 10, 2016 07:30 ET (12:30 GMT)
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