Energy

Budget Battles

  • usFILE PHOTO: A bulldozer moves coal at the Murray Energy Corporation port facility in Powhatan Point, Ohio

    Trump's Coal Job Push Stumbles in Most States

    By Valerie Volcovici, Reuters

    WASHINGTON (Reuters) - President Donald Trump's effort to put coal miners back to work stumbled in most coal producing states last year, even as overall employment in the downtrodden sector grew...

  • The massive Big John dragline works to reshape the rocky landscape in some of the last sections to be mined for coal at the Hobet site in Boone County

    Why US Coal Producers Are Having a Very Good Year

    By Tom DiChristopher, CNBC

    U.S. coal exports are rising this year, giving the fossil-fuel friendly Trump administration reason to cheer, but analysts believe the good times won't last. The surge in exports doesn't herald a...

  • Venezuela's President Nicolas Maduro waves during a pro-government rally with workers of state-run oil company PDVSA, in Barcelona

    The Crisis in Venezuela Could Send Oil Prices Soaring

    By Nick Cunningham, Oilprice.com

    Venezuela’s deteriorating crisis is “going to be the biggest geopolitical story to watch in the oil markets," according to Helima Croft of RBC Capital Markets. The economic, political and security...

  • FILE PHOTO: A sign is painted on a parking space for electric cars inside a car park in Hong Kong

    The Battery Problem That Could Slow the Electric Car Revolution

    By Zandi Shabalala, Reuters

    Producers of processed lithium - an essential element for batteries used in electric cars - are agreeing long-term contracts with their customers to fund the investments needed to address a looming...

  • A prototype of the Tesla Model 3 is on display in front of the factory during a media tour of the Tesla Gigafactory which will produce batteries for the electric carmaker in Sparks, Nevada, U.S. July 26, 2016. REUTERS/James Glover II

    The Great Battery Battle: Tesla Sparks an Arms Race in Energy Storage

    By Ryan Browne, CNBC

    Elon Musk's car company Tesla appears to be leading the "arms race" for lithium-ion batteries — for now. Musk recently announced plans to build the world's biggest lithium-ion battery storage project...

  • Bayer wins Merck & Co's $14 billion consumer unit auction

    Bayer wins Merck & Co's $14 billion consumer unit auction

    By Ludwig Burger, Reuters

    FRANKFURT (Reuters) - Germany's Bayer AG has trumped rival bidders for Merck & Co Inc's consumer care business in a $14.2 billion deal, adding to a string of major cross-border deals in the...

  • British lawmakers raise pressure on Pfizer over AstraZeneca bid

    British lawmakers raise pressure on Pfizer over AstraZeneca bid

    By William James and Guy Faulconbridge, Reuters

    LONDON (Reuters) - British lawmakers on Tuesday summoned bosses of U.S. drugmaker Pfizer to explain a $106 billion takeover bid for pharmaceutical firm AstraZeneca which has raised fears over UK jobs...

  • Encana settles Michigan antitrust case, Chesapeake fights on

    Encana settles Michigan antitrust case, Chesapeake fights on

    By Brian Grow, Reuters

    CHEBOYGAN, Michigan (Reuters) - Natural gas producer Encana Corp on Monday agreed to pay Michigan $5 million in a civil settlement that could clear the company of criminal antitrust charges stemming...

  • Nigeria's Boko Haram threatens to sell kidnapped schoolgirls

    Nigeria's Boko Haram threatens to sell kidnapped schoolgirls

    By Tim Cocks and Isaac Abrak, Reuters

    ABUJA (Reuters) - The leader of Boko Haram on Monday threatened to sell more than 200 schoolgirls his Islamist militant group kidnapped in northeastern Nigeria last month. Boko Haram militants...

  • Persistent Saudi-U.S. differences hurt Syria strategy

    Persistent Saudi-U.S. differences hurt Syria strategy

    By Yara Bayoumy and Angus McDowall, Reuters

    DUBAI/RIYADH (Reuters) - Differences between the United States and Saudi Arabia over Middle East policy persist, despite attempts to shore up their old alliance, and may prove calamitous for Syrian...