News Highlights: Top Energy News of the Day

Features Dow Jones Newswires

Oil Pulls Back After U.S. Proposal to Sell Stocks

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Oil prices eased off a more than one-month high, with the U.S. plan to sell some of its stocks contributing to the pullback and offsetting investors' optimism that the coming OPEC meeting of major producers would result in more production cuts.

Chevron Tax Strategy Faces Crackdown

A tax dispute between Australia and Chevron has the potential to cost the company billions of dollars and open a new front in global efforts to crack down on aggressive tax strategies used by many multinationals.

The Rise of the Amateur Oil Sleuths

Dramatic gyrations in the price of oil in the past three years have boosted demand for intelligence, intensifying competition in a market long dominated by governments, oil companies and a handful of big data providers.

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Oil Hits Highest Level in More Than a Month Ahead of OPEC Meeting

Oil prices rose to a fresh one-month high Monday with traders expecting this week's OPEC meeting to end with an extension or even deepening of the group's recent production cuts.

OPEC's Foil: It Can't Drain Enough Stored Oil

OPEC is likely to extend and perhaps even deepen its production cuts on Thursday for one main reason: It has failed to drain superhigh levels of oil in storage enough to raise prices significantly.

Iraq, Saudi Arabia in Last-Minute Summit to Salvage OPEC Cuts Extension

Iraq has become a potential obstacle to OPEC's efforts to continue cutting output into next year, representatives of the cartel said, prompting Saudi Arabia's energy minister to fly to Baghdad for meetings.

Solar-Energy Giant Was Manipulating Sales Data, Say Former Managers

Former managers at one of the largest U.S. solar-energy companies say they manipulated a key sales metric around the time of the company's 2015 initial public offering.

China Wants More Private Money for Its State-Owned Energy Giants

Seeking to build national champions to rival the likes of Exxon Mobil, China is moving to boost private investment in its vast oil companies-and may be willing to slash their workforces in the process.

Maxus Energy Wins Court Approval of Chapter 11 Plan

Maxus Energy Corp. won confirmation Monday of a chapter 11 liquidation plan that spells out how its assets will be used to address New Jersey's contaminated Passaic River.

Saudi Minister: Oil Producers Are Keen to Extend Cuts

Oil producers are enthusiastic about extending crude output cuts by nine months, Saudi energy minister Khalid al-Falih said, the latest positive sign for efforts to trim a supply glut and prop up prices days before an OPEC gathering in Vienna.

(END) Dow Jones Newswires

May 23, 2017 07:15 ET (11:15 GMT)