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...

  • Venezuela's Chavez improving after surgery complications

    Venezuela's Chavez improving after surgery complications

    By Brian Ellsworth and Daniel Wallis, Reuters

    CARACAS (Reuters) - Venezuela's Hugo Chavez suffered unexpected bleeding caused by a six-hour cancer operation in Cuba, the government said, although the ailing president's condition began to improve...

  • U.N. agency expects deal soon on Iran nuclear probe

    U.N. agency expects deal soon on Iran nuclear probe

    By Fredrik Dahl, Reuters

    VIENNA (Reuters) - The U.N. nuclear agency expects to reach a deal with Iran next month enabling it to resume a stalled probe into suspected nuclear weapon research in the Islamic state, the chief U...

  • Analysis: Nexen's U.S. Gulf oilfields key to China's deepwater ambitions

    Analysis: Nexen's U.S. Gulf oilfields key to China's deepwater ambitions

    By Charlie Zhu and Michael Erman, Reuters

    HONG KONG/NEW YORK (Reuters) - CNOOC Ltd's purchase of Canadian energy producer Nexen Inc may prove to be bittersweet if U.S. regulators block the Chinese state-run oil company from taking over Nexen...

  • Rosneft finalizes deal to buy TNK-BP stake from AAR

    Rosneft finalizes deal to buy TNK-BP stake from AAR

    By Vladimir Soldatkin, Reuters

    MOSCOW (Reuters) - Rosneft has finalized a deal to buy half of TNK-BP for $28 billion, clearing the way for a full takeover that would make the state-controlled Russian oil major the world's largest...

  • Venezuela's Chavez in delicate state after surgery

    Venezuela's Chavez in delicate state after surgery

    By Daniel Wallis and Brian Ellsworth, Reuters

    CARACAS (Reuters) - Venezuelan President Hugo Chavez is in stable but delicate condition after his latest cancer surgery, the government said on Wednesday in a somber assessment that could indicate...