News Highlights: Top Energy News of the Day

Features Dow Jones Newswires

Hopes for OPEC Action Boost Banks' Oil-Price Forecasts

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Banks raised their oil-price forecasts for the second month in a row in November amid mounting expectations that OPEC and other big producers will reach a deal to support the market.

EPA Chief Scott Pruitt Signals His Environmental Strategy

EPA administrator Scott Pruitt indicated how he plans to protect the environment in a visit to Walt Disney World's food-waste program.

GOP Closes In on Opening Arctic Wildlife Refuge to Drilling

Oil companies and their allies are getting closer to opening the Arctic National Wildlife Refuge to drilling for the first time as congressional Republicans seek to use the tax overhaul to end the nearly 40-year debate.

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U.S. Crude-Oil Supplies Seen Decreasing in DOE Data

U.S. crude-oil inventories are expected to show a decrease of 1.9 million barrels in data due Wednesday from the Department of Energy. Gasoline stockpiles are expected to rise by 600,000 barrels on average.

Tesla Truck Gets an Order from DHL as Shippers Give New Vehicle a Try

Deutsche Post's DHL said Tuesday it has preordered 10 of Tesla's Semi trucks, joining a growing list of large transportation companies looking to test the all-electric vehicles.

Anxiety Over OPEC Cuts Weighs on Oil

Oil prices edged lower Tuesday amid market jitters over whether-and for how long-OPEC and Russia will agree to extend their deal to curb crude production when they convene this week.

Shell to Pay Its Dividend in Cash in Latest Sign of Health for Big Oil

Royal Dutch Shell said it would begin paying its dividend only in cash, a fresh sign that big oil companies are trying to reward investors after struggling with three years of falling oil prices.

Oil Prices Chase $60 After a Year of Surging Demand

The price of oil in the U.S. has climbed to levels not seen since 2015, as unexpectedly strong global growth has helped soak up a supply glut that plagued the market for years.

Batteries Are Taking Over the World

The battery industry is mustering for exponential growth as car makers electrify their fleets. But for investors the path to profitability is far from clear, and technological breakthroughs could upset the competitive order.

Saudis Free Detainees in Sign of Resolution to Crackdown

The Saudi government released several high-profile suspects held in an anticorruption campaign, an indication that those accused of amassing wealth illegally are agreeing to cash settlements for their freedom.

(END) Dow Jones Newswires

November 29, 2017 04:15 ET (09:15 GMT)