Oil Hits Two-Year Highs as U.S. Stockpiles Drop
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Oil prices rose to the highest level in more than two years Wednesday, boosted by a drop in U.S. crude stockpiles.
U.S. Oil-Rig Count Rises in Latest Week
The number of rigs drilling for oil in the U.S. rose by nine to 747 this week, Baker Hughes, a GE company, reported.
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.
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Natural Gas Falls on Warm Weather
Natural-gas prices settled lower Wednesday, as warm weather forecasts outweighed data showing a decline in U.S. stockpiles.
Exxon, Shell, BP Join Forces to Cut Emissions From Natural Gas
Exxon Mobil Corp. has joined with seven other big energy companies to reduce pollution from natural gas production, an effort by the industry to present itself as part of the solution as governments and consumers demand more environmentally friendly energy.
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."
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.
(END) Dow Jones Newswires
November 22, 2017 16:15 ET (21:15 GMT)