News Highlights: Top Energy News of the Day

Features Dow Jones Newswires

Oil Prices Fall Amid Rising U.S. Production

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Crude oil futures fell as concerns about persistent U.S. oversupply overshadowed a potential production curb from Libya and Nigeria.

Oil Up? Oil Down? Blame the Algorithms

As oil market moves confound analysts and longtime investors, many are pointing fingers at the rise of automated trading and algorithms, which they say are distorting the market.

Saudi Aramco Chief Predicts Oil Shortage

The world is heading for an oil-supply shortage that booming U.S. shale production can't prevent, said Amin Nasser, chief executive of Saudi Arabia's state oil company.

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U.A.E.'s Oil Company Eyes Partnerships, Listing Some Businesses

Abu Dhabi's state oil company said it was looking to publicly list parts of its businesses on the United Arab Emirates' equity markets and would seek international partners as part of its drive to grow and expand operations.

Plans for Offshore Wind Farms Face Headwinds in U.S.

After more than a decade spinning power from the gusts that sweep Europe's North Sea, the offshore wind industry is finally turning to the U.S. A big hurdle: getting its giant turbines to American waters.

Tesla Sales Fall to Zero in Hong Kong After Tax Incentive Is Slashed

Tesla's sales in Hong Kong came to a standstill after authorities slashed a tax break for electric vehicles on April 1, demonstrating how sensitive the company's performance can be to government incentive programs.

Wall Street Cash Pumps Up Oil Production Even as Prices Sag

Easy Wall Street funding is leading American shale companies to expand drilling even as most lose money on every barrel of oil they bring to the surface.

U.S. Oil-Rig Count Rises by Seven

The number of rigs drilling for oil in the U.S. rose by seven in the past week to 763, according to oil-field services company Baker Hughes

Tesla Updates Quarterly Sales Report With Additional Data

Tesla Inc. on Friday updated its second-quarter sales report to include the number of vehicles that were in transit at the end of the period-a number that was absent in the report earlier in the week and had triggered questions from analysts.

OPEC Considers Production Caps for Libya, Nigeria

OPEC is considering putting a limit on how much oil members Nigeria and Libya can pump, cartel delegates say, as surging production from those countries is complicating the cartel's plans to influence crude prices.

(END) Dow Jones Newswires

July 10, 2017 11:16 ET (15:16 GMT)