News Highlights: Top Energy News of the Day

Features Dow Jones Newswires

Oil Edges Up on Strong Demand Forecast

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Oil prices edged up Wednesday after Saudi Arabia announced plans to cut crude exports next month.

OPEC Production Jumps Despite Deal to Limit Output

OPEC crude-oil production jumped in September by nearly 90,000 barrels a day, complicating the cartel's efforts to limit output, curb the global supply glut and raise oil prices.

BNP Paribas to Stop Financing Shale, Oil Sands Projects

French lender BNP Paribas said it will no longer finance shale and oil sands projects, in one of the clearest signs the banking industry is re-evaluating its relationship with the oil sector amid mounting pressure from investors.

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GE's Baker Hughes Recently Held Takeover Talks With Subsea 7 SA

General Electric's Baker Hughes recently held takeover talks with energy-services company Subsea 7, but the negotiations recently broke down over price.

Power Companies to Stick With Plans Despite EPA's Emissions Repeal

Some of the biggest U.S. power companies said they are pushing ahead with investments in renewable and gas-fired electricity, regardless of the Trump administration's move to repeal Obama-era federal limits on carbon emissions at power plants.

Seadrill Shareholder to Object to Restructuring in Court

A Seadrill shareholder will appear in court next month to ask that an official committee be appointed to look out for common shareholders in the company's bankruptcy restructuring.

Supreme Court Rejects Appeal by Former Massey Energy CEO

The Supreme Court rejected an appeal by a former coal executive convicted of safety violations linked to the 2010 explosion at West Virginia's Upper Big Branch mine that killed 29 men.

Japanese Court Rules Against Government, Tepco in Biggest Fukushima Class Action

Negligence by the Japanese government and Tokyo Electric Power caused the triple meltdowns at the Fukushima Daiichi nuclear power plant, a court ruled in the biggest class-action suit related to the March 2011 accident.

Oil Market Rebalancing Accelerated Last Four Months, Says OPEC Head

The pace of rebalancing in global oil markets has accelerated in the past four months with the extension in the production cap agreement led by the Organization of the Petroleum Exporting Countries, the head of the oil cartel said Tuesday.

Helix Energy Solutions Is Exploring Strategic Alternatives

Offshore energy company Helix Energy Solutions Group is exploring strategic alternatives.

(END) Dow Jones Newswires

October 11, 2017 11:16 ET (15:16 GMT)