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Oil prices fell to a one-month low Thursday amid mixed U.S. inventory data and increasing concerns that a supply action by major producers may not be sufficient to clear a global surplus.
Southern's Georgia Power Objects to Westinghouse Bankruptcy Loan
Georgia Power has taken issue with Westinghouse Electric's proposed $800 million bankruptcy loan, saying the financing could threaten the construction of the first new nuclear reactors to be built in the U.S. in decades.
Total Releases Strong First-Quarter Earnings
French oil giant Total kicked off the big oil companies' reporting season on a positive note with a 77% increase in net profit in the first three months of 2017.
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Sinopec First-Quarter Profit Surges
China Petroleum & Chemical Corp. said it booked a net profit of about $2.5 billion in the first quarter, up 157.9% over a year earlier. Combined oil-and-gas production fell 2.4% in the quarter ended March 31.
Cnooc Revenue Soared in First Quarter
Cnooc, China's offshore oil producer, said that its first-quarter revenue rose 55.8% to $5.57 billion from the same period last year and attributed the increase to a rise in global oil prices.
PetroChina Swings to First-Quarter Profit
Chinese state-controlled oil-and-gas giant PetroChina said it swung to a net profit of 5.7 billion yuan ($827 million) in the first quarter from a loss of 13.79 billion yuan last year.
Oil Shortage Feared by 2020 as Discoveries Fall to Low
Global oil discoveries fell to a record low in 2016, the International Energy Agency says, raising fresh concerns about the potential for a petroleum-supply shortage.
U.S. Oil Inventories Fall Sharply
U.S. crude-oil inventories decreased by 3.6 million barrels, much more than expected, while gasoline and diesel fuel supplies surprisingly increased, according to government data.
U.S. Solar-Panel Maker Seeks Trade Tariffs on Foreign Rivals
In a last-ditch effort to survive, bankrupt U.S. solar panel maker Suniva asked the Trump administration to impose trade tariffs on all foreign-made solar cells.
BHP Billiton Cuts Annual Coking Coal, Copper Guidance
A lengthy strike at a mine in Chile and cyclone damage to rail lines in eastern Australia dented BHP Billiton's output in the last quarter, prompting it to scale back annual targets for coking coal and copper.
SunEdison Wins Court Approval for $640 Million in New Financing
A bankruptcy judge on Tuesday helped keep SunEdison's chapter 11 case on track by approving a $640 million financing package the company says it must have to continue operating.
(END) Dow Jones Newswires
April 27, 2017 11:15 ET (15:15 GMT)