TOP STORIES

OPEC's Oil Production Cut in Doubt as Output Flows

The Organization of the Petroleum Exporting Countries pumped more crude oil last month even as the group geared up to complete a plan to cut output at its meeting at the end of this month.

Oil Prices Fall on Lower Expectations of OPEC Cut

Oil prices are extending recent declines as the crude glut continues and expectations of a cut in OPEC output recede.

OPEC Oil Output Expected to Remain High, 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.

Carlyle Hedge Fund's $400 Million African-Refinery Investment Disappears

ACarlyle Group LP hedge fund has lost the $400 million it invested last year in a Moroccan oil-refinery deal, according to a securities filing and people familiar with the matter.

Petrobras Posts Big Loss on Write-downs

Brazilian state-run oil company Petróleo Brasileiro reported a massive net loss in the third quarter due to billions of dollars in write-downs, the latest unexpected blow to a company that investors had hoped was turning a corner after years of struggles.

New Rule Boosts Solar-Power Push

The Interior Department issued a regulation Thursday aimed at speeding up development of renewable energy on federal lands, one of at least five major energy rules the Obama administration is expected to release in coming weeks, even though they may be swiftly unraveled by President-elect Donald Trump.

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.

Shell Plans to Continue to Invest Heavily in Brazil

Oil major Shell is planning to continue investing heavily in Brazil as part of a bid to double its global deep water production by the early 2020s.

Abengoa's U.S. Arm Opposes New Investigation Into Finances

The U.S. arm of Spanish renewable-energy company Abengoa SA is fighting a bid by creditors to investigate its finances in the midst of its global restructuring.

Crescent Point Loss Narrows on Cost-Cutting Efforts

Crescent Point Energy reported a smaller third-quarter loss on Thursday, as cost-cutting efforts helped offset a drop in production and lower average oil and gas prices.

Indonesia's Sinar Mas Plans Big Singapore IPO for Power Assets

A conglomerate controlled by one of Indonesia's wealthiest families is planning to list power assets in an initial public offering of up to $800 million in Singapore, in what could be the city's biggest IPO in four years

Brazil Graft Probe at Risk, Prosecutor Says

Brazilian politicians are stepping up efforts to impede the country's biggest-ever corruption probe, say prosecutors leading the investigation, as a power struggle intensifies between the country's legislative and judiciary branches.

Fed's Lacker Says Case for Raising Rates Remains Strong

Richmond Fed President Jeffrey Lacker said he still believes the case for raising rates is relatively strong, "even given events of this week."

(END) Dow Jones Newswires

November 11, 2016 07:11 ET (12:11 GMT)

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