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...

  • Broad risk flight; gold eyes worst two days since 1983

    Broad risk flight; gold eyes worst two days since 1983

    By Veronica Brown and Barani Krishnan, Reuters

    LONDON/NEW YORK (Reuters) - Gold headed for its biggest two-day drop in 30 years on Monday and oil, copper and grains prices also tumbled as investors fled most financial markets after disappointing...

  • China growth risks in focus as first quarter data falls short

    China growth risks in focus as first quarter data falls short

    By Kevin Yao and Langi Chiang, Reuters

    BEIJING (Reuters) - China's economic recovery unexpectedly stumbled in the first three months of 2013 with slowing factory output and investment spending forcing analysts to start slashing full-year...

  • Life Tech in $13.6 billion buyout by Thermo Fisher

    By Reuters

    (Reuters) - Genetic testing equipment maker Life Technologies Corp has agreed to a $13.6 billion cash buyout by Thermo Fisher Scientific Inc, in one of the year's biggest corporate takeovers. The...

  • Egypt stalls on IMF terms, no deal seen: diplomats

    Egypt stalls on IMF terms, no deal seen: diplomats

    By Paul Taylor and Tom Perry, Reuters

    CAIRO (Reuters) - Egypt is stalling on the terms of a $4.8 billion International Monetary Fund loan to help it fight a deepening economic crisis, and no deal is likely while an IMF team is in Cairo,...

  • Glencore concessions to China expected for Xstrata deal

    Glencore concessions to China expected for Xstrata deal

    By Clara Ferreira-Marques, Reuters

    LONDON (Reuters) - Trader Glencore is expected to agree to concessions this week to ease Chinese worries over its grip on the supply of copper, clearing the final regulatory hurdle in its $32 billion...