Forties Pipeline System Carrying Brent Crude to Be Shut for Weeks
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One of Europe's most important oil pipeline systems will be shut down for a "matter of weeks," said owner Ineos, sending a jolt into international oil prices as traders contemplated the loss of some North Sea oil supplies.
Oil Prices Rise on Pipeline Shutdown News
Oil prices rose and the global benchmark hit its highest level since 2015 Monday after the owner of a major European pipeline said it is shutting the system down for a period of weeks.
China's Clean Energy Future Has a $1.2 Trillion Problem
China is pushing hard to dominate new energy industries and clean up terrible air pollution. Too bad about all that coal-power debt.
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Electric-Vehicle Bulls Shake Up Metals Markets
Investors are scooping up a wide range of metals and mining stocks, betting that electric vehicles will transform commodity markets. Some, though, wonder how the rally might end.
Mexico's Pemex Says Oil Prices, Competition Kept Potential Partners Away
Mexican state oil company Petróleos Mexicanos said Friday that moderate oil-price forecasts and competition from Brazil were partly to blame for the dearth of interest in teaming up on a deep-water project in the Gulf of Mexico.
U.S. Oil-Rig Count Rises in Latest Week
The number of rigs drilling for oil in the U.S. rose by two this week, to 751, Baker Hughes, a GE company, reported.
Big Oil Backs Away From a Former Industry Darling
Angola was once a magnet for the world's biggest oil companies, drawing billions of dollars in investment from BP, Exxon Mobil and others. Now, foreign companies have all but given up on new ventures there.
Russia Skirts U.S. Sanctions With $27 Billion Arctic Gas Plant
Russia is launching Yamal LNG, a $27 billion Arctic gas project that is a symbol of its efforts to overcome Western sanctions and strengthen ties with China.
BASF Agree Oil-and-Gas Merger with DEA
Germany's BASF has agreed to merge its oil-and-gas subsidiaries with rival DEA.
Japan Missile Plans Put North Korean Bases Within Range
Japan plans to make its first purchase of missiles that could target North Korean military bases from long distance, a major military upgrade as a rising nuclear threat from Pyongyang sparks a regional arms race.
(END) Dow Jones Newswires
December 12, 2017 00:15 ET (05:15 GMT)