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...

  • Obama budget proposal to drop Social Security cuts

    Obama budget proposal to drop Social Security cuts

    By Steve Holland and Roberta Rampton, Reuters

    WASHINGTON (Reuters) - President Barack Obama on Thursday dropped a measure to trim cost-of-living increases in Social Security from an upcoming budget proposal in an election-year move that may...

  • France says Ukraine talks 'very difficult', no deal yet

    By Reuters

    KIEV (Reuters) - France's foreign minister said on Thursday there was still no agreement over a proposed roadmap to ease the crisis in Ukraine, describing the talks as "very difficult". "There is no...

  • Nigeria suspends anti-graft central bank governor

    Nigeria suspends anti-graft central bank governor

    By Tim Cocks, Reuters

    LAGOS (Reuters) - Nigerian President Goodluck Jonathan suspended Central Bank Governor Lamido Sanusi on Thursday, removing an increasingly outspoken critic of the government's record on tackling...

  • Jobless claims fall, weather clouds factory picture

    Jobless claims fall, weather clouds factory picture

    By Lucia Mutikani, Reuters

    WASHINGTON (Reuters) - The number of Americans filing new claims for unemployment benefits fell last week, suggesting the labor market continues to steadily improve despite severe weather that could...

  • Poor turnout in Libyan vote for constitution-drafting body

    Poor turnout in Libyan vote for constitution-drafting body

    By Ulf Laessing and Ghaith Shennib, Reuters

    TRIPOLI (Reuters) - Libyans trickled to the polls on Thursday to elect an assembly to draft a constitution, with the paltry turnout reflecting deep political disillusion with the chaos pervading...