Energy Up After OPEC Deal -- Energy Roundup
Shares of energy producers rose alongside oil futures as traders digested the decision of major oil-producing nations to extend a production-cap deal.
"With oil demand growing robustly, OPEC's supply constrained, and not much production growth elsewhere [there's] a rapidly growing gap to be filled by U.S. shale," said analysts at brokerage Morgan Stanley, in a research note.
Royal Dutch Shell struck a deal to tap the massive natural-gas resource buried in coal deposits in eastern Australia in a development that would feed its majority-owned liquefied natural gas venture on the country's tropical coast.
-Rob Curran, firstname.lastname@example.org
(END) Dow Jones Newswires
December 01, 2017 16:24 ET (21:24 GMT)Copyright (c) 2017 Dow Jones & Company, Inc.