TOP STORIES

SAUDIS WON'T ATTEND MEETING WITH RUSSIANS, OTHERS AHEAD OF OPEC TALKS

Saudi Arabian oil officials won't attend a meeting with their Russian counterparts and others, OPEC officials said, disrupting plans between the world's two largest petroleum producers to coordinate output cuts meant to elevate slumping crude prices.

OIL PRICES FALL AHEAD OF OPEC MEETING

Oil prices settled lower Friday as skepticism grew about whether global exporters can strike an effective deal to cut production.

BP TO BUY 10% STAKE IN ENI'S GIANT ZOHR GAS FIELD OFF EGYPT COAST

BP PLC has agreed to buy a 10% stake in Eni SpA's super-giant Zohr gas field offshore Egypt, expanding an already extensive footprint in the country.

CHAPARRAL, KEY CREDITORS REACH RESTRUCTURING DEAL

Months after filing for bankruptcy, Chaparral Energy and key creditors have reached a debt-restructuring deal.

U.S., ALLIES PUSH IRAN ON STEPS TO BOLSTER NUCLEAR DEAL

The U.S. and its Western allies are pressing Iran to take steps to sharply cut the amount of radioactive material it holds in a bid to shore up their nuclear agreement, Western officials said.

BRAZIL'S PETROBRAS SETTLES MORE INDIVIDUAL SHAREHOLDER LAWSUITS

Brazilian state-run oil company Petró leo Brasileiro SA said it has agreed to settle 11 investor lawsuits related to corruption, the latest step toward resolving a major source of uncertainty and potential liability.

SCAFFOLDING COLLAPSE AT CHINA POWER PLANT KILLS DOZENS

The collapse of construction scaffolding at a power plant under expansion in eastern China killed at least 74 people, state media said, the latest deadly accident in a country grappling with poor industrial safety.

U.S. OIL-RIG COUNT UP BY THREEIN LATEST WEEK

The number of rigs drilling for oil in the U.S. rose by three in the past week to 474, according to oil-field services company Baker Hughes Inc.

U.S. CRUDE OIL INVENTORIES SURPRISINGLY DECLINE

U.S. crude oil stockpiles unexpectedly fell for the week ended Nov. 18, while gasoline supplies climbed, according to data released Wednesday by the Energy Information Administration.

EPA COMPLETES RULE REQUIRING MORE ETHANOL BLENDED INTO 2017 GASOLINE SUPPLY

Federal regulators finalized a rule Wednesday that raises the amount of ethanol refineries must blend into the nation's gasoline supply, providing a boost to ethanol companies and drawing criticism from an oil industry that opposes higher levels.

IRAN'S KHAMENEI THREATENS RESPONSE IF U.S. EXTENDS SANCTIONS

Iranian Supreme Leader Ayatollah Ali Khamenei threatened an unspecified response if the U.S. extends sanctions for another 10 years, days after the House of Representatives voted in favor of an extension.

CANADA BUDGET DEFICIT WIDENS IN SEPTEMBER ON TAX DECLINE

Canada's budget deficit widened in September from the same year-ago month on a broad-based decline in tax receipts.

======== DOW JONES NEWSWIRES ANALYSIS AND COMMENTARY ========

Oil Markets

OIL PRICES AWAIT EFFECT OF OPEC DEAL

OPEC will meet next week amid a growing consensus the cartel will strike a deal to cut crude production. An open question remains: How much would that actually affect oil prices?

Business

CZECH FIRM MAKES UNUSUAL BET ON COAL POWER PLANTS

While European utilities have been selling off coal-fired power plants at a brisk pace, spurred by falling electricity prices and new anti-carbon rules, Czech firm Energetický a Prumyslový has been standing by to snap them up.

(END) Dow Jones Newswires

November 25, 2016 18:08 ET (23:08 GMT)

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