Oil Holds Gains After OPEC Output Deal

Oil prices held on to gains made after OPEC struck a long-sought agreement to reduce production by 1.2 million barrels a day.

Higher Prices, Weaker Currencies Threaten Oil Demand in Asia

Rising oil prices in the wake of OPEC's production cut could deliver a one-two punch to demand from Asia's emerging energy consumers, where weakening currencies have already led to higher prices.

OPEC Deal Pumps Up Asian Markets, Economies

OPEC's recent breakthrough on production cuts is just the latest bullish indicator for a revival in inflation expectations, which is starting to boost Asian manufacturing and markets.

Solar Company Verengo Cancels Bankruptcy Auction, Seeks Sale to Crius Energy Unit

Residential solar systems company Verengo Inc. canceled the bankruptcy auction for its assets after no other bidders stepped forward to challenge a roughly $12 million offer from a unit of Crius Energy LLC.

Europe May Rewire Energy Policy

The European Union's executive set out proposals on Wednesday aimed at moving the bloc toward meeting its climate change goals in an overhaul of rules affecting the power and renewable-energy markets.

Baker Hughes to Place Some Operations Into New Land Pressure Company

Baker Hughes Inc.'s North American cementing and hydraulic fracturing operations will become part of a new company operating under the BJ Services brand and majority-owned by two private-equity investors.

(END) Dow Jones Newswires

December 01, 2016 07:15 ET (12:15 GMT)

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