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...

  • Buffett says global economy slowing, wants more deals

    Buffett says global economy slowing, wants more deals

    By Reuters

    (Reuters) - Warren Buffett sees clear signs that the global economy is slowing, although the U.S. economy is "inching ahead" as other regions decline, the Berkshire Hathaway chief executive officer...

  • AngloGold says to fire 12,000 South Africa strikers

    AngloGold says to fire 12,000 South Africa strikers

    By Olivia Kumwenda, Reuters

    JOHANNESBURG (Reuters) - AngloGold Ashanti said it will sack 12,000 South African wildcat strikers who ignored a deadline to return to work on Wednesday, the latest company to resort to mass firings...

  • Oil and Gas Rush Cuts Jobless Numbers: New Study

    By Roberta Rampton, Reuters

    The U.S. oil and gas rush is cutting into jobless numbers, supporting a total of 1.7 million jobs this year, a number that will swell to almost 3 million by 2020, a leading consultant said in a study...

  • Italy earthquake verdict will cause "paralysis:" agency

    Italy earthquake verdict will cause "paralysis:" agency

    By James Mackenzie, Reuters

    ROME (Reuters) - Italy's Civil Protection agency said on Tuesday that the manslaughter conviction of seven scientists and officials over a deadly 2009 earthquake in the central city of L'Aquila would...

  • Iran says may stop oil sales if sanctions tighten

    Iran says may stop oil sales if sanctions tighten

    By Daniel Fineren and Amena Bakr, Reuters

    DUBAI (Reuters) - Iran said on Tuesday it would stop oil exports if pressure from Western sanctions got any tighter and that it had a "Plan B" contingency strategy to survive without oil revenues...