Oil Advances on Supply Disruption
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Oil prices nudged higher Wednesday, with Brent underpinned by a supply disruption in the North Sea, which is expected to trigger further reductions in global oil inventories.
OPEC Oil Output Falls to Six-Month Low but U.S. Fills Gap
OPEC production fell to its lowest in six months but rival U.S. production was surging faster than expected, meaning oil markets may not rebalance before the end of 2018, the oil cartel said in its closely watched monthly oil report.
U.S., Japan Express Concern Over China's Interest in Saudi Oil Giant
The U.S. and Japan have urged Saudi Arabia to pursue an international listing for oil giant Aramco, fearing the possible sale of a stake to China would give Beijing too much sway in the Middle East.
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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 2.9 million barrels in data due Wednesday from the Department of Energy. Gasoline stockpiles are expected to rise by 2.3 million barrels on average.
U.S. Criticizes Germany's Support of New Russian Natural-Gas Line
The top State Department official overseeing Europe offered harsh words for Germany over the country's continued support for a new Russian gas pipeline to Europe.
Investors Pledge Cuts to Fossil-Fuel Commitments at Paris Meeting
Global institutions pledged to cut financing of fossil-fuel projects at a summit in Paris, backing French President Emmanuel Macron's call for the private sector to do more to combat greenhouse-gas emissions.
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.
Blast at Austrian Import Hub Chokes European Natural Gas Supply
An explosion at Austria's largest import hub for natural gas left one dead, a state of emergency in Italy and the highest gas prices in 3 years in the U.K. just as the cold winter months set in.
Noble Midstream, Greenfield Midstream in Pact to Buy Saddle Butte Rockies
Publicly traded Noble Midstream Partners and Greenfield Midstream, a midstream infrastructure developer backed by EnCap Flatrock Midstream, have formed a joint venture to buy Saddle Butte Rockies Midstream.
GenOn Wins Confirmation of Chapter 11 Restructuring Plan
GenOn Energy won court approval Tuesday of a restructuring plan that splits it from parent NRG Energy and opens the way to a sale of the company.
(END) Dow Jones Newswires
December 13, 2017 11:15 ET (16:15 GMT)