Energy Up As International Supplies Seen Tight -- Energy Roundup

Features Dow Jones Newswires

Shares of oil and gas companies rose as traders bet the continued outage of a key North Sea pipeline would tighten global markets.

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With the Organization of the Petroleum Exporting Countries capping cartel members' production and the Forties pipeline supplying Britain still out of order, analysts say oil futures are likely to hold near their recent highs around $60 a barrel.

BP recently agreed to invest $200 million for a 43% stake in solar-energy provider Lightsource Renewable Holdings, one of the British oil giant's first forays into the renewable-energy space since the Macondo oil disaster forced it into retreat.

--Rob Curran, rob.curran@dowjones.com

(END) Dow Jones Newswires

December 18, 2017 16:18 ET (21:18 GMT)