OIL HITS THREE-WEEK HIGH ON EXPECTATIONS FOR OPEC CUT
Oil prices rose to a three-week high as investors continued to bet that the Organization of the Petroleum Exporting Countries will reach a production deal at the end of the month.
CANADA AIMS TO FULLY PHASE OUT COAL POWER BY 2030
Canada plans to completely phase out traditional coal power by 2030 and will work with the country's four remaining provinces that still burn the fuel to reach the goal, Environment Minister Catherine McKenna said.
ROWAN, ARAMCO TO LAUNCH OFFSHORE DRILLING JOINT VENTURE
Rowan and Saudi Arabian Oil said Monday that they would launch a new joint venture to own, operate and manage offshore drilling rigs that will be built in Saudi Arabia.
ICE, PLATTS SHORE UP SHAKY NATURALGAS INDEXES
A deal between Intercontinental Exchange Inc. and energy data provider S&P Global Platts aims to bolster U.S. natural gas indices that have faced questions about reliability.
TESLA CLOSES SOLARCITY ACQUISITION
Tesla Motors closed the acquisition of SolarCity, paving the way for Elon Musk to begin integrating the solar-panel business into the auto maker to create an integrated clean-energy company.
OBAMA SEEKS TO FORTIFY IRAN NUCLEAR DEAL
The administration is considering new measures to strengthen the landmark nuclear accord with Iran, including steps to provide licenses for more American businesses to enter the Iranian market and the lifting of additional U.S. sanctions.
IRAQ TO OFFER NEW PROPOSALS TO IMPLEMENT OPEC OIL OUTPUT CUT
Iraq will offer three new proposals at a meeting in Vienna this coming week to discuss implementing an OPEC accord to cut output, Iraq's Oil Minister Jabbar al-Luaibi said late Sunday.
STOCKS RISE WITH ADVANCING METALS
U.S. stocks rose with commodity prices Monday, putting the S&P 500 and Nasdaq Composite on track for fresh closing records.
CANADA WHOLESALE TRADE FALLS 1.2% IN SEPTEMBER
Wholesale sales in Canada dropped unexpectedly in September on weak demand for machinery and equipment.
CHICAGO FED NATIONAL ACTIVITY INDEX RISES IN OCTOBER
Economic activity across the U.S. picked up in October, according to a report Monday, but trends suggest that national economic growth is still below historical levels.
======== DOW JONES NEWSWIRES ANALYSIS AND COMMENTARY ========
Heard on the Street
MILD FALL MAY HOODWINK GAS TRADERS
A mild start to the heating season has left natural-gas traders unconcerned about how supplies will fare this winter, but there is precedent for a large draw on storage.
WHY SAUDI ARABIA'S OIL GIANT AIMS TO BE BIG IN CHEMICALS, TOOAramco's plans to vastly expand its petrochemical operations are part of the kingdom's effort to remake its economy as oil's future clouds.
(END) Dow Jones Newswires
November 21, 2016 11:14 ET (16:14 GMT)
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