News Highlights: Top Energy News of the Day

Features Dow Jones Newswires

Oil Extends Gains on Hopes of Inventories falling

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Oil prices rose on the back of supply restrictions in North America and falling U.S. inventories.

U.S. Oil Supplies Fall as Refinery Runs Increase

U.S. inventories of crude oil decreased by 1.9 million barrels, more than expected, for the week ended Nov. 17 as refinery activity continued to pick up steam, according to EIA data. Gasoline stockpiles climbed by 44,000 barrels, less than expected.

Exxon, Shell, BP to Join Forces to Cut Emissions From Natural Gas

Exxon Mobil plans to join with other big energy companies in an effort to reduce pollution from natural gas production, said people familiar with the matter.

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Venezuela Detains Citgo Executives for Alleged Corruption

The country's intelligence agency arrested six top executives at the U.S. subsidiary of state-oil company Petróleos de Venezuela SA, as part of what authorities are calling an anticorruption "crusade."

Analysts See 50 Billion-Cubic Feet Drain from U.S. Natural-Gas Inventories

Analysts expect government natural-gas data scheduled for release Wednesday to show stockpiles shrank by 50 billion cubic feet - more than usual for this time of year.

Nebraska Regulators Approve Keystone XL Pipeline

Nebraska officials approved the Keystone XL pipeline, removing the last major regulatory hurdle, though the future of the long-delayed project remains far from certain.

Growing Gas Glut Threatens West Texas Oil Boom

Natural gas is gushing out of West Texas, a byproduct of frenzied drilling for oil. That is a problem for energy producers, who are running out of places to send all of it.

Puerto Rico Grid Contractor Suspends Work Over Missed Payments

The company hired to repair Puerto Rico's electrical grid stopped working Monday over $83 million in unpaid bills while some utility crews from the mainland U.S. quit the half-finished reconstruction job altogether.

The Crude but Effective Way to Gauge the Oil Market

The widening discount of WTI to Brent crude seems odd now that the U.S. is an export juggernaut, but it explains a lot about the energy market.

GE Housecleaning Will Alter Board's Makeup

A housecleaning at GE's board will remove many long-term associates of former Chief Jeff Immelt and aims to create a board that is more closely aligned with CEO John Flannery's strategy to streamline the industrial giant.

(END) Dow Jones Newswires

November 22, 2017 11:15 ET (16:15 GMT)