News Highlights: Top Energy News of the Day

Features Dow Jones Newswires

Oil Wavers on Mixed Demand Signals

Continue Reading Below

Oil prices wavered between gains and losses amid mixed signals for crude demand.

Foreign Solar Firms Gain Unexpected Support in Tariff Fight

An unusual alliance of green energy advocates and conservative free-trade organizations is clashing with U.S. solar-panel makers seeking trade tariffs on foreign rivals.

Global Oil Supply Grows on Higher OPEC Output Despite Deal

The global oil supply rose for a third consecutive month in July, even as the market continues to rebalance, the International Energy Agency said.

Continue Reading Below

U.S. Oil Rig Count Rises by Three

The number of rigs drilling for oil in the U.S. rose by three in the past week to 768, according to oil-field services company Baker Hughes.

British Columbia Vows to Block Pipeline Expansion

The government of British Columbia, Canada's westernmost province, vowed to use every legal option to stop construction of Kinder Morgan Inc.'s planned expansion of a pipeline connecting the Alberta oil sands with the Pacific Coast.

Petrobras Net Profit Falls 68%

Brazilian state-controlled oil company Petróleo Brasileiro, or Petrobras, reported a decline in its second-quarter earnings amid lower sales and a higher tax bill.

OPEC Says Crude Output Rose in July

OPEC's crude-oil production rose further in July, in the latest sign the cartel's efforts to reduce output and drain a global supply glut are falling short.

Babcock & Wilcox Agrees to Buy Back Private-Equity Stake a Day Before 72% Plunge

A private-equity firm that three months ago took a 10% stake in power-generating company Babcock & Wilcox Enterprises Inc. struck a deal to sell its position back to the company, dodging by one day a 72% plunge in the stock.

Glencore Profits Rise on Commodities Boom

Swiss mining and trading giant Glencore reported strong first-half results benefiting from rising commodity prices as it continues to recover from a downturn that sparked widespread worries about its financial health and caused an investor revolt.

A Reason to Cheer at OPEC

Crude stockpiles are down, yes, but what may really please oil exporters is the oil futures curve.

(END) Dow Jones Newswires

August 14, 2017 16:15 ET (20:15 GMT)