BP Takes $1.5 Billion Charge Related to U.S. Tax Overhaul
BP is joining a host of companies whose earnings will be dented by the U.S. tax overhaul, saying it would suffer a roughly $1.5 billion accounting charge in the fourth quarter because of the legislation.
Oil Holds Near Two-Year High, Eyes on Iran
Oil prices edged off a 2 1/2 -year high after supply disruptions eased in the North Sea and Libya, while rising tensions in major oil exporter Iran underpinned the market.
Seoul Seizes Second Ship Suspected of Transferring Oil to North Korea
South Korean authorities detained another ship suspected of transferring oil to North Korea in violation of U.N. sanctions.
Glencore Sells Australian Coal Mine to GFG Alliance
Glencore has agreed to sell an underground coal mine in eastern Australia to GFG Alliance, an industrial conglomerate that last year picked up steel and iron-ore mining assets in the country.
Sharp Reversal: Natural-Gas Investors Are on Edge
Investors wagered on a natural-gas rally last year but it never came. Instead, prices plunged 21% for the worst year since 2014.
Free Trade Has Been a Boon for Energy Independence
Nafta delivers a triple win for the U.S., Canadian and Mexican oil and natural-gas industries.
Proposed Changes to Offshore Drilling Rules Raise Questions
The Trump administration's proposed changes to offshore oil drilling rules are raising fundamental questions over whether safety regulators at the Interior Department should also be concerned with promoting oil and gas production.
Oil Prices Expected to Keep Rising in 2018, but It Could Be a Rocky Ride
Oil prices are likely to continue climbing in 2018 on the back of OPEC-led production cuts and a growing global economy, industry executives and analysts say. But any gains are expected to be kept in check by booming supplies from the U.S.
Oil Gains Breaks Above $60 on Increasing Demand
Oil prices ended the year above $60 a barrel on Friday, a milestone not seen in more than two years, in another sign that a longstanding global glut is easing.
U.S. Oil-Rig Count Unchanged in Latest Week
The number of rigs drilling for oil in the U.S. remained unchanged this week at 747, Baker Hughes, a GE company, reported.