News Highlights: Top Energy News of the Day

Features Dow Jones Newswires

Oil Prices Waver on Pipeline Shutdown

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Global oil prices wavered between gains and losses Tuesday as traders weighed the impacts of the shutdown of a key European pipeline.

The Reason Behind $65 Oil Prices Is Disrupted Supply

A wave of oil-supply disruptions and OPEC's production cuts have lifted crude prices to their highest level in 30 months, and raised the prospects of petroleum producers from Saudi Arabia to Texas shale country.

Saudi Aramco Ramps Up Spending to Over $40 Billion a Year

Saudi Arabian Oil Co. unveiled a plan to invest more than $40 billion a year in projects over the next decade, a significant expansion for the world's largest energy company ahead of its expected public listing.

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Forties Pipeline System Carrying Brent Crude to Be Shut for Weeks

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.

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.

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.

(END) Dow Jones Newswires

December 12, 2017 11:15 ET (16:15 GMT)