Energy Up After OPEC Deal -- Energy Roundup

Features Dow Jones Newswires

Shares of energy producers rose alongside oil futures as traders digested the decision of major oil-producing nations to extend a production-cap deal.

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"With oil demand growing robustly, OPEC's supply constrained, and not much production growth elsewhere [there's] a rapidly growing gap to be filled by U.S. shale," said analysts at brokerage Morgan Stanley, in a research note.

Royal Dutch Shell struck a deal to tap the massive natural-gas resource buried in coal deposits in eastern Australia in a development that would feed its majority-owned liquefied natural gas venture on the country's tropical coast.

-Rob Curran, rob.curran@dowjones.com

(END) Dow Jones Newswires

December 01, 2017 16:24 ET (21:24 GMT)