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...

  • Lawmakers urge swift action after nuclear security breach

    Lawmakers urge swift action after nuclear security breach

    By Roberta Rampton, Reuters

    WASHINGTON (Reuters) - Top Energy Department officials and contractors they employ need to be held accountable for an unprecedented security lapse in July at a facility that stores enriched uranium...

  • U.S. lawmakers urge White House to seek more Iran oil cuts

    U.S. lawmakers urge White House to seek more Iran oil cuts

    By Reuters

    WASHINGTON (Reuters) - Two senators asked the Obama administration on Wednesday to push countries to make more cuts in Iranian oil purchases before they receive exemptions from U.S. penalties for...

  • Insight: Iran parks oil off Malaysia to dodge Western sanctions

    Insight: Iran parks oil off Malaysia to dodge Western sanctions

    By Luke Pachymuthu and Randy Fabi, Reuters

    LABUAN, Malaysia/SINGAPORE (Reuters) - Iran is using a little-known port off the East Malaysia coast to hide millions of barrels of oil from Western sanctions, according to shipping data, industry...

  • Chesapeake gets breathing room with $6.9 billion asset sale

    Chesapeake gets breathing room with $6.9 billion asset sale

    By Ernest Scheyder and Michael Erman, Reuters

    (Reuters) - Chesapeake Energy Corp's $6.9 billion deal to sell gas fields and pipelines should help stabilize the troubled company for the rest of the year and give it time to figure out how it will...

  • In unusual snub, Obama to avoid meeting Netanyahu

    In unusual snub, Obama to avoid meeting Netanyahu

    By Matt Spetalnick and Allyn Fisher-Ilan, Reuters

    WASHINGTON/JERUSALEM (Reuters) - In a highly unusual rebuff to a close ally as tensions escalated over how to deal with Iran's nuclear program, the White House said on Tuesday President Barack Obama...