Energy Up as Production Caps Seen Extended Past '18 -- Energy Roundup

FeaturesDow Jones Newswires

Shares of oil and gas companies ticked up as a key North Sea pipeline remained out of service and amid reports that one of Russia's largest oil companies anticipated production cuts extending through 2019. Russian oil giant PAO Rosneft is "contemplating cuts beyond 2018, which is probably supporting things a bit," said Thomas Pugh, commodities economist at Capital Economics, as reported earlier. The volume of oil imported to the U.S. by train from Canadian oilfields in Alberta is rising steadily as a bottleneck weighs on prices of Canadian crude.

-Rob Curran, rob.curran@dowjones.com

Continue Reading Below

(END) Dow Jones Newswires

December 19, 2017 16:57 ET (21:57 GMT)