News Highlights: Top Energy News of the Day

Features Dow Jones Newswires

Saudi Arabia, Russia Want Oil Output Limits Through 2018

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Top oil producers Saudi Arabia and Russia want to extend their agreement to limit petroleum production until the end of 2018 in their continuing effort to cut the global oil oversupply, people familiar with the matter said.

Vistra Energy Nears Deal to Buy Dynegy

Vistra Energy and Dynegy, two big independent power producers, are in advanced talks to combine and could announce a deal as soon as next week.

South Korean Opposition Leader Presses U.S. for Nuclear Weapons

The head of South Korea's conservative opposition party is urging the Trump administration to redeploy tactical nuclear weapons to South Korea to help counter threats from North Korea and change the dynamics on the peninsula.

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Judge Rules Peabody Energy Bankruptcy Blocks Global-Warming Lawsuits

A judge ruled Peabody Energy is protected by its recent bankruptcy from global-warming lawsuits brought by California coastal communities against fossil-fuel companies.

Emergency Manager to Be Installed at Puerto Rico Power Utility

Federal officials supervising Puerto Rico's finances are installing an emergency manager at the island's public electricity utility, an attempt to course-correct a disaster response that has come under congressional scrutiny.

Oil Pulls Back After Stocks Data

Oil prices continued to slide Wednesday after U.S. inventory data showed that stockpiles of crude oil rose last week.

U.S., China Funds Land Asian Renewable-Energy Giant

Private-equity firm Global Infrastructure Partners, China's sovereign-wealth fund and one of the largest Canadian pension investment managers have agreed to buy Equis Energy in a $3.7 billion deal.

U.S. Oil Inventories Rise, But Fuel Supplies Fall

U.S. inventories of oil unexpectedly increased by 856,000 barrels, but gasoline and other fuel supplies fell sharply, according to data from the Energy Information Administration.

Aker BP Buys Hess Assets

The joint venture formed by Norway's Aker and BP has bolstered its presence on the Norwegian Continental Shelf with the $2 billion acquisition of Hess Norge.

A New CEO Isn't the Cure for BHP's Ills

Big BHP shareholder Elliott is agitating for a board review of management-but the miner's current leadership isn't really the problem.

(END) Dow Jones Newswires

October 26, 2017 04:15 ET (08:15 GMT)