News Highlights: Top Energy News of the Day

Features Dow Jones Newswires

Oil Edges Down After Recent Strong Gains

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Oil prices trended down, but largely sustained gains that have brought crude futures to three-year highs.

BP's Deepwater Horizon Bill Grows by $1.7 Billion

BP said it would take a $1.7 billion charge in its fourth-quarter earnings because of settlement claims related to the 2010 disaster in the Gulf of Mexico.

Shell Bids a Long Goodbye to Middle Eastern Oil

Royal Dutch Shell is giving up on its last oil fields in Iraq, leaving the world's second-biggest oil company with a dwindling footprint in the Middle East-a region it helped build into a petroleum powerhouse.

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Utility Jobs Lost as New Power Plants Need Fewer Workers

As coal and nuclear power plants close due to competitive pressures, the number of people employed in making electricity for the U.S. is shrinking.

Oil Market Conquers Its Fears Over Shale

Oil prices have surged more than 50% since the summer-a sign investors are reassessing what was once the biggest risk in the market: U.S. shale.

The Three Stumbling Blocks to a Solar-Powered Nation

Solar energy is growing at a faster rate world-wide than any other source-but existing technology has its limits and R&D is lacking.

U.S. Vows to Withdraw From Iran Nuclear Deal Without Major Changes

The Trump administration pledged to pull out of the Iran nuclear accord without substantial changes, setting the clock ticking on tough talks with Washington's European allies.

T. Boone Pickens Calls It Quits on Energy Trading

The Oklahoma oilman and investment manager is closing the energy-focused hedge fund he has run for the past two decades after struggles with his health and returns, saying trading no longer intrigues him as it once did.

U.S. Oil-Rig Count Up 10 in Latest Week

The number of rigs drilling for oil in the U.S. rose by 10 this week to 752, Baker Hughes reported.

Hours Before Crash, Iranian Tanker and Chinese Ship Stopped Transmitting Signals

An Iranian oil tanker and Chinese freighter stopped transmitting their locations to naval tracking systems hours before their deadly crash off the coast of China.

(END) Dow Jones Newswires

January 16, 2018 07:15 ET (12:15 GMT)