Oil Prices Hit Three-Year Highs on Growth, Geopolitics
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Oil prices closed at fresh three-year highs Tuesday, as geopolitical risk and confidence in global growth continued to buoy markets.
U.S. Crude-Oil Supplies Seen Decreasing in DOE Data
U.S. crude-oil inventories are expected to show a decrease of 2.5 million barrels in data due Wednesday from the Department of Energy. Gasoline stockpiles are expected to rise by 2.5 million barrels on average.
Carl Icahn Pushes SandRidge to Make Board Changes
Less than two weeks after SandRidge Energy succumbed to investors' wishes to terminate a deal to buy Bonanza Creek Energy, activist investor Carl Icahn is urging the company to make changes on its board and let his firm appoint a new director.
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Federal Regulators Rule Against Trump Administration on Power Plants
Federal energy regulators Monday rejected a Trump administration proposal aimed at shoring up struggling coal-fired and nuclear power plants.
Trump's Offshore-Drilling Plan Faces Choppy Political Waters
Trump administration officials over the next 18 months will be pitching their plan to expand offshore drilling, a proposal that is meeting resistance even from Republican lawmakers and governors.
Chinese Rescuers Battle 13-Foot Waves, High Winds in Search for Missing Iranian Tanker Crew
Ships on Tuesday combed hundreds of miles around the oil ship Sanchi, which burned days after colliding with another vessel.
China's Electric Car Market Has Grown Up
Beijing has offered the electric car market plenty of support, but there now appears to be solid demand from consumers to go green. That should give confidence to investors in the sector.
U.S. Oil-Rig Count Falls By Five in Latest Week
The number of rigs drilling for oil in the U.S. fell by five this week to 742, Baker Hughes reported.
Norway's Statoil Expects to Benefit From U.S. Tax Overhaul
Norway's Statoil said the reduction in the U.S. corporate-tax rate from 35% to 21% will benefit the oil-and-gas giant.
Trump Administration Proposes Massive Expansion of Oil Drilling
The Trump administration proposed opening up nearly all the country's offshore areas for oil drilling, a move that would touch every coastal state, some that have been off limits to drillers for decades.
(END) Dow Jones Newswires
January 09, 2018 16:15 ET (21:15 GMT)