News Highlights: Top Energy News of the Day

Features Dow Jones Newswires

Brazil's Petrobras Posts Profit

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Brazilian state-run oil company Petróleo Brasileiro SA, or Petrobras, eked out a slim profit in the third quarter amid higher oil prices, though high interest expenses weighed on its bottom line.

OPEC Defends Policy Ahead of Crucial Meeting

OPEC delivered a defense of its oil-production policies, signaling its members are prepared to continue trying to support crude prices by withholding supplies through next year.

Oil Futures Mixed After OPEC Report

Oil futures were mixed Monday after major oil producers said their output fell last month.

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Energy Sector's Goodwill Impairments Slump as Oil Prices Rebound

The amount and number of goodwill impairments recorded by the energy sector declined dramatically in 2016 as crude oil prices recovered from 12-year lows, according to a study by the Financial Executives Research Foundation and valuation firm Duff & Phelps LLC.

Pacific Drilling Files for Chapter 11 Bankruptcy Protection

Pacific Drilling, an international offshore oil and gas drilling business, filed for bankruptcy Sunday in a bid to restructure about $3 billion in debt.

Brazil Faces Offshore Oil Dilemma

Brazil's federal government will soon start receiving crude oil from a huge offshore field known as Libra. But the government has no tanker ships to move the oil, no terminals to store it, and no refineries to process it.

GE Cuts Dividend, Slashes Profit Goals Amid Restructuring

GE slashed its 2018 profit forecast and said it was cutting its dividend by half, as the 125-year-old industrial conglomerate seeks to preserve cash for a restructuring under new Chief Executive John Flannery that will focus on three core units.

A U.S. Natural-Gas Bonanza in China Isn't a Done Deal

Big deals signed Thursday in China under President Trump's watchful eye make large quantities of American gas in China more likely. Investors shouldn't underestimate the uncertainties in the Asian gas market, however.

EU's Mogherini Rebuffs U.S. Calls to Ratchet Up Pressure on Iran

The European Union's top diplomat rebuffed calls from Washington to ratchet up pressure on Iran, saying the bloc has no plans to discuss new sanctions on Tehran.

Venezuelan Officials Offer Few Details During Debt Restructuring Talks

Venezuelan officials provided few details about how they would move forward with a planned debt restructuring during a brief meeting with bondholders at the presidential palace Monday afternoon.

(END) Dow Jones Newswires

November 14, 2017 00:15 ET (05:15 GMT)