Oil Falls on Production Surge
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Oil prices pulled back, weighed down by a strong dollar and data pointing to rising global production.
U.S. Auto Makers Step Up Plans for Electric Vehicles
Detroit's largest auto makers ramped up plans for electric vehicles in coming years. GM plans to introduce two more electric vehicles over the next 18 months, and Ford has formed a team to help direct investments toward new electrified vehicles.
China, With Methodical Discipline, Conjures a Market for Electric Cars
Nearly half of all plug-in vehicles are sold in China, driven by multiple subsidies and regulations, creating a giant test bed for local design and technology. Global vehicle makers are accelerating their battery-powered efforts to keep up.
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Oil Prices Bounce Back in Third Quarter
Oil investors got a reprieve from falling oil prices in the third quarter, thanks to unexpectedly strong demand for crude and signs of ebbing U.S. production.
U.S. Oil-Rig Count Rises by Six in Latest Week
The number of rigs drilling for oil in the U.S. rose by six in the past week to 750, according to oil-field services company Baker Hughes. The gas-rig count fell by one.
Energy Department Urges Pricing Shift Favorable to Coal, Nuclear
The Trump administration is urging independent energy regulators to change how electricity is priced, proposing new rules that would bolster revenue for coal-fired and nuclear power plants.
U.S. Offers Vogtle Nuclear Plant $3.7 Billion in Loan Guarantees
The Trump administration offered an additional $3.7 billion in loan guarantees to a troubled nuclear power plant project in Georgia that is billions over budget and years behind schedule, raising the total federal loan guarantees to $12 billion.
Former PetroVietnam Chief Sentenced to Death for Graft
Nguyen Xuan Son was sentenced to death for embezzlement and abuse of power, with one judge warning that corruption by Communist Party members and civil servants threatened the regime's survival.
As Diesel Goes From 'Darling to Devil,' European Refiners Try Not to Drown in It
Europe's big oil refiners are searching for other uses for roughly $10 billion of investments in diesel as they anticipate falling demand for what was once drivers' favorite fuel.
Chevron Names Wirth CEO
Chevron named Michael Wirth, an engineer and longtime operator of a vast network of refining and pipeline assets, as its next chief executive.
(END) Dow Jones Newswires
October 03, 2017 00:15 ET (04:15 GMT)