Energy

Crude Oil Futures Decline in New York as Dubai Debt Crisis Bolsters Dollar Crude oil in New York fell as Dubai’s attempt to reschedule its debt bolstered the dollar and prompted investors to sell commodities.

Heating Oil Prices Set for Drop on Trend, Newedge Says: Technical Analysis Heating oil for January delivery is “trending lower” to $1.921 a gallon, according to a technical analysis by Newedge Group.

Equatorial Guinean Leader Obiang is Likely to Extend 30-Year Grip on Power Equatorial Guinean President Teodoro Obiang Nguema Mbasogo will probably extend his three-decade rule of the oil-producing nation for another seven years in elections on Nov. 29 that are unlikely to be free or fair, analysts said.

Shell Reports Maintenance, Gas Flaring at Scotford Oil Refinery in Alberta Royal Dutch Shell Plc is conducting maintenance and may be flaring intermittently at its Scotford refinery in Alberta, according to a message on a community hotline.

Frontline, Biggest Supertanker Operator, Posts First Loss in Seven Years Frontline Ltd., the world’s largest operator of supertankers, posted its first quarterly loss in seven years on slumping demand and said it plans to eliminate single-hull carriers from its fleet by the end of next year.

Russia Cuts Oil Export Duty on Rosneft, Surgut, TNK-BP East Siberia Fields Russia will suspend duties on crude oil exports from 13 fields in East Siberia next month in an effort to boost production for Asian markets.

Shipping Has `Trouble Building Behind Dam,' Ex-Baltic Exchange Head Says Ship prices may keep dropping for at least another year because banks have not yet dealt with the weaker loans they made to the industry, according to Michael Drayton, a former chairman of the Baltic Exchange.

Greenhouse-Gas Pledges by China, U.S. May Drive Climate Deal in Copenhagen Pledges by China and the U.S. to set numerical targets for their greenhouse-gas emissions through 2020 may reignite stalled progress for a global climate agreement at negotiations next month in Copenhagen.