News Highlights: Top Energy News of the Day

Features Dow Jones Newswires

U.S. Oil Inventories Fall Sharply

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U.S. inventories of crude oil decreased by 3.4 million barrels for the week ended Nov. 24, more than expected, but supplies of gasoline and other fuels rose significantly, according to data released Wednesday by the Energy Information Administration.

Oil Falls After Unexpected Rise in U.S. Inventories

Oil prices fell after data showed an unexpected increase in U.S. crude inventories and as major oil producing nations met to discuss a potential extension of their deal to reduce supply.

Russia, Saudi Arabia Clash Ahead of OPEC Meeting

Russia and Saudi Arabia are trying to hammer out differences over petroleum output ahead of OPEC's meeting, highlighting the fragility of an energy alliance between the world's two largest crude-oil producers.

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Hopes for OPEC Action Boost Banks' Oil-Price Forecasts

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.

The New Corporate Perk: Gassing Up at Work

Customers of apps with names like Booster Fuels, InstaFuel and Filld can bring the gas station to their cars, filling up their gas tanks while they are at the office, the gym or even asleep.

Shell's Gift to Investors Could Prove Premature

Shell is finally scrapping its much-hated scrip-dividend program, with its accompanying shareholder dilution. Great news-but a closer look at the company's financials and strategy raises some questions.

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.

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.

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.

(END) Dow Jones Newswires

November 29, 2017 11:15 ET (16:15 GMT)