News Highlights: Top Energy News of the Day

Features Dow Jones Newswires

Oil Gains After Stockpiles Data

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Oil prices flipped from losses to gains as U.S. data showed that supplies of oil and gasoline fell and as investors tried to gauge the impact of a storm in the Gulf of Mexico.

U.S. Oil and Gasoline Supplies Fall in Week

U.S. inventories of crude oil declined by a slightly-greater-than-forecast 3.3 million barrels for the week ended Aug. 18, while gasoline supplies fell by 1.2 million barrels, more than double what analysts had expected, U.S. government data showed.

Rosneft Prevails in Lawsuit Against Sistema

A regional arbitration court in Russia ruled in favor of Russian oil giant PAO Rosneft, in a case seen as a test of the country's investment climate.

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Saudi Aramco IPO Sparks Rush to Privatize in Middle East

Saudi Arabia's move to list its state-run oil giant, combined with years of lower oil prices, has inspired neighboring oil-producing countries to tap public markets as a new source of revenue.

U.S. Natural-Gas Inventories Seen Up in Week

Analysts expect U.S. government data to show that natural-gas stockpiles rose by 42.7 billion cubic feet in the week ended Aug. 18, which would be less than average for this time of year.

LG Electronics to Build Factory for Electric-Car Parts in Michigan

The South Korean company will spend about $25 million to build a plant in a Detroit suburb.

BHP to Replace Two Directors in Board Shuffle

BHP Billiton said it plans to replace two directors amid its monthslong tussle with activist investor Elliott Management, following the miner's decision earlier this week to exit its American shale oil and gas business.

Chevron CEO's Exit Reflects a Changing of the Guard for Big Oil

The departure of Chevron CEO John Watson underscores the dramatic shift under way at big oil companies as they adapt to a prolonged period of lower prices brought about by the U.S. shale boom.

Former Petrobras CEO Charged With Corruption

Aldemir Bendine, who ran the state-run oil giant and Banco do Brasil, is accused of receiving bribes amid Brazil's ongoing Car Wash corruption probe

Dakota Access Pipeline Owner Sues Greenpeace

The company behind the Dakota Access Pipeline launched an unusual legal attack against Greenpeace and other environmental groups, alleging that the organizations effectively ran a criminal enterprise through their protests of the project.

(END) Dow Jones Newswires

August 23, 2017 16:15 ET (20:15 GMT)