News Highlights: Top Energy News of the Day

Features Dow Jones Newswires

Falling Chinese Imports Hold Back Oil

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Oil prices were mainly flat after weak Chinese data and receding geopolitical risk factors.

U.S. Oil Inventories Unexpectedly Increase

U.S. inventories of crude oil unexpectedly increased by 2.2 million barrels for the week ended Nov. 3, even as refinery activity sped up, according to EIA data. Analysts expected a decline of 2.1 million barrels. Gasoline stockpiles fell by 3.3 million barrels, more than expected.

GenOn Wins Bankruptcy Battle with Power-Plant Owners

A court ruling cleared the way for power-plant operator GenOn Energy to separate from NRG Energy and gain court-approval of its chapter 11 bankruptcy plan.

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OPEC Says Oil Demand Will Grow Past 2040

OPEC doesn't expect global demand for oil to peak before 2040, the cartel said, though it predicted long-term demand growth would soon slow.

Maersk Swings to Loss

Maersk booked a quarterly loss, hurt by a recent cyberattack and an impairment charge on its offshore oil-exploration unit, but executives predicted a stronger performance as a shipping industry recovery takes hold.

Russian Oil Exports Could Be Looming Problem for Prices

Russia, the world's largest oil producer, has ramped up its crude exports this year, potentially undermining a deal with OPEC that has helped raise oil prices by cutting production.

Exelon Subsidiary Files for Chapter 11 Protection

Exelon Generation Texas Power filed for bankruptcy with a plan to sell all but one of its five natural gas-fired electricity generation plants to senior lenders.

Head of Puerto Rico's Power Utility Is a No-Show at Hearing

The head of Puerto Rico's public power monopoly canceled his plans to appear at a hearing Tuesday where federal officials sought approval from Congress to take over the utility.

Pollution Rule Is Boon for Richest Refiners, Blow for Weakest

A regulation to cut the sulfur level in marine fuel for ocean-going ships is shaping up to be a disruptive force in the refining industry.

Saudi Crackdown Targets Up to $800 Billion in Assets

The Saudi government is aiming to confiscate cash and other assets worth as much as $800 billion in its broadening crackdown on alleged corruption among the kingdom's elite, according to people familiar with the matter.

(END) Dow Jones Newswires

November 08, 2017 11:15 ET (16:15 GMT)