Oil Prices Continue Slide as Tropical Storm Harvey Continues
Continue Reading Below
Oil prices continued to slide Tuesday as Tropical Storm Harvey continued to bear down on the Texas Gulf Coast and looked set to threaten more refineries.
Saudis, Russia Push to Extend Their Oil Output Cuts
Saudi Arabia and Russia are pushing to extend their deal to limit crude oil production for another three months, which would leave the output deal between OPEC and non-OPEC producers in place through the end of June, people familiar with the matter said.
Harvey's Widespread Destruction Tests U.S. Shale
Tropical Storm Harvey has shut a significant portion of the state's shale production, cutting off as much as 15% of U.S. oil supplies. Now, the big question is how quickly the sector can make a comeback.
Continue Reading Below
Refiner Stocks Rise as Harvey Disrupts Fuel Production
Shares of companies that churn crude into fuel rallied, as Tropical Storm Harvey inundated Texas with punishing rains and raised investors' concerns about tight fuel supplies.
Harvey's Lessons for U.S. Energy
The hurricane's hitting the Gulf Coast of Texas highlights how the U.S. now relies on fewer refineries, run closer to their limits, to turn crude into fuel and get it to consumers.
Renault-Nissan Alliance, Dongfeng to Produce Electric Vehicle in China
Nissan Motor and alliance partner Renault are teaming up with Chinese auto maker Dongfeng Motor Group to make a battery-powered automobile in the world's biggest car market, where electric-vehicle sales are expected to rise.
Gasoline Up as Harvey Hits Refiners
Gasoline prices surged on concerns over a shortage in supply after Tropical Storm Harvey knocked out refining operations and traders tried to assess damage in the Houston area.
Williams Cos Names John Chandler as New CFO
Pipeline company Williams Cos. named John Chandler as its new chief financial officer, replacing Don Chappel, who announced his retirement earlier this year.
CEO of Argentina's YPF Resigns
Ricardo Darré has resigned as CEO of Argentina's state-run oil and gas producer, YPF. His exit comes as YPF transforms into an "integrated energy company."
Harvey to Hit Flooded Houston Again
Tropical Storm Harvey was poised to re-enter the Gulf of Mexico Monday and make another landfall closer to Houston roughly two days later, prolonging the slow-motion flooding disaster that has crippled one of the nation's largest metropolitan areas.
(END) Dow Jones Newswires
August 29, 2017 11:15 ET (15:15 GMT)