Iran, Iraq Soften on OPEC Production Agreement

Saudi Arabia, however, still may not be satisfied as the oil-producing nations prepare to meet in Vienna.

Oil Prices Sink Ahead of OPEC Meeting

Oil prices settled near a two week low, with market participants unconvinced that the Organization of the Petroleum Exporting Countries will reach a deal to cut production on Wednesday.

Canada Issues Split Decision on Oil Pipelines

Canadian Prime Minister Justin Trudeau turned down a proposed Enbridge Inc. pipeline to the West Coast, while approving a less controversial expansion of a Kinder Morgan Inc. corridor.

Judge Slams Sabine Creditor Group Over Legal Fees

A bankruptcy judge excoriated Sabine Oil & Gas Corp.'s unsecured creditors and their lawyers, who ran upa $25 million bill fighting the company's restructuring.

Lukoil Profit Plunges as Oil Market Stagnates

Russia's second-biggest oil producer Lukoil said profit plummeted 71% in the third quarter as weak oil prices, a lag in export duties, and a fall in production dented earnings.

BMW, Daimler, VW and Ford to Build Auto-Charging Station Network

BMW, Daimler and Volkswagen said Tuesday they plan to build together with Ford a network of hundreds of ultrafast, high-powered charging stations for electric cars in Europe.

Fed's Powell Says Case for Raising Rates Has Strengthened

Federal Reserve governor Jerome Powell said that the case for raising interest rates has strengthened since the Fed's last policy meeting, lending further credence to the view that the Fed will raise rates in December.

U.S. GDP Revised Higher Than Expected

Corporate profits continued to rebound in the third quarter alongside solid growth in the broader U.S. economy. Gross domestic product expanded at a 3.2% annual pace, the strongest in more than two years.

Brazil's Vale Hopes for Samarco Mining Operations Restart in Mid-2017

Brazilian mining giant Vale SA says it hopes to restart operations in mid-2017 at its Samarco Mineração SA joint venture, which has been shut down since a dam failure killed 19 people in November 2015.

Praxair Approaches Linde About Resuming Deal Talks

Praxair moved to restart negotiations with Germany's Linde over a combination that would create a $60 billion industrial-gas giant, two months after previous talks dissolved.

(END) Dow Jones Newswires

November 30, 2016 06:58 ET (11:58 GMT)

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