Energy Up After Tax Bill Passes - Energy Roundup

FeaturesDow Jones Newswires

Shares of oil and gas companies rose as traders bet the passage of a tax-cut bill would stoke demand for energy commodities. Executives at Royal Dutch Shell, Italian energy company Eni and other oil companies must stand trial on corruption charges connected to a 2011 Nigerian oil deal, an Italian judge ruled Wednesday. Prosecutors allege that executives at Shell and Eni knew most of the $1.3 billion the companies paid to the Nigerian government to acquire drilling rights would be distributed as bribes, The Wall Street Journal reported.

-Rob Curran, rob.curran@dowjones.com

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(END) Dow Jones Newswires

December 20, 2017 16:21 ET (21:21 GMT)