News Highlights: Top Energy News of the Day

Features Dow Jones Newswires

Oil Gains as Pipeline Outage Continues

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Oil prices rose Tuesday, helped in part by the continuing outage of a North Sea pipeline and reports that Russia's largest oil company could envision continuing production curbs past 2018.

Nebraska Refuses To Amend Keystone XL Application

The Keystone XL pipeline could face more delays after Nebraska regulators denied a request by TransCanada Corp. to refile its application for the project.

BHP Threatens Exit from Coal Lobby, Chamber of Commerce

BHP Billiton, the world's largest Western mining company, is threatening to leave the World Coal Association and U.S. Chamber of Commerce over disagreements on climate policy, the latest commodity firm to react to pressure on global warming.

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New Jersey Considers Nuclear Subsidies to Forestall Plant Closures

New Jersey lawmakers rushed to aid Public Service Enterprise Group after the company threatened to close plants, but critics say the move would set back the state's renewable energy efforts and cost taxpayers.

Georgia Utility Faces Key Nuclear-Plant Vote

Days after Atlanta's airport blackout outage, which authorities say appears to have been caused by a fire in a piece of Georgia Power equipment, state utility regulators will decide the fate of a half-finished nuclear plant the company is building that is years behind schedule and billions over budget.

U.S. Crude-Oil Supplies Seen Decreasing in DOE Data

U.S. crude-oil inventories are expected to show a decrease of 3.2 million barrels in data due Wednesday from the Department of Energy. Gasoline stockpiles are expected to grow by 1.1 million barrels on average.

Statoil Buys 25% Stake in Major Petrobras Oil Field

Norway's Statoil said it has agreed to buy a 25% stake in Brazil's Roncador oil field from Petroleo Brasileiro for up to $2.9 billion, nearly tripling Statoil's production in the country.

Why Refiners Are Expected to Give Their Tax Savings Right Back to Shareholders

U.S. fuel makers are poised to reap billions under a sweeping Republican overhaul of the tax code. But don't expect them to expand, go on a hiring binge, or lower prices at the pump.

OPEC's Strange Dilemma: Prices Rising Too High

OPEC is grappling with an unusual conundrum: Oil prices are going higher than it wants. A rise to $65 a barrel could undermine a fragile coalition of 24 oil-producing nations that says it is withholding almost 2% of global oil supply.

Tillerson Says North Korea Has to Stop Nuclear Tests Before Any Talks

U.S. Secretary of State Rex Tillerson told the Security Council that North Korea must "earn its way" back to the negotiating table by ceasing its nuclear tests, adding that the U.S. would accept no precondition for talks.

(END) Dow Jones Newswires

December 20, 2017 00:15 ET (05:15 GMT)