Latest on Oil

Selling pressure in crude futures continued in Asian trading Wednesday amid renewed concerns about oversupply after weeks of gains on hopes of constrained output.

Cnooc Shakes Up Management

China's Cnooc shook up management following the resignation of Yang Hua, one of the country's best-known oil executives, as CEO after less than a year; he becomes chairman, while President Yuan Guangyu takes over as CEO.

Solar Cell Maker Suniva Seeks Trade Aid to Survive

Suniva will invoke U.S. trade laws as it attempts to keep its solar-cell-manufacturing business on its feet amid a flood of Southeast Asian imports.

Maxus Gets Court OK to Poll Creditors on Passaic River Cleanup

Maxus Energy won court approval to start polling creditors on a chapter 11 bankruptcy plan that tackles its obligations to help clean up the polluted Passaic River in New Jersey.

GM's Chevrolet Volt Electric Car Will Be Sold in China as a Buick

General Motors Co.'s Chevrolet Volt electric car is finally headed to China, but it won't be wearing the iconic bow tie badge that identifies Chevy products. It will instead be sold as a Buick.

U.S. Crude-Oil Inventories Seen Down in Week

Government data are expected to show that U.S. crude-oil stockpiles decreased by 800,000 barrels in the latest week, while gasoline inventories are seen falling by 2 million barrels, according to a survey of analysts.

BP's Leaking Well in Alaska Successfully 'Killed'

BP and local and federal authorities successfully brought under control an onshore well on the North Slope of Alaska that began leaking oil and gas last week.

NextEra in Talks to Revive $18.4 Billion Deal for Oncor

NextEra Energy Inc. is in talks aimed at savingits acquisition of Oncor, one of the country's largest electricity transmissions businesses, after Texas regulators rejected the deal, lawyers told a bankruptcy judge Monday.

U.S. Turns Up Heat on North Korea

The Trump administration is attempting a balancing act in its confrontation with Pyongyang, using bellicose rhetoric while trying to coax China to apply economic and political pressure.

Sungevity Wins Approval of $50 Million Sale

Home-solar company Sungevity has won court approval of a $50 million sale to a buyout consortium led by Northern Pacific Group after attempts to secure a better offer in bankruptcy failed.

What Is Tesla Really Worth?

By market cap, it rivals Ford and GM. To get anywhere close by profits will be a stretch.

(END) Dow Jones Newswires

April 19, 2017 00:15 ET (04:15 GMT)

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