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...

  • Nuclear expansion on track despite Fukushima: OECD report

    Nuclear expansion on track despite Fukushima: OECD report

    By Eric Onstad, Reuters

    LONDON (Reuters) - Strong expansion of nuclear power as a carbon-free energy source in Asia is expected to press ahead despite the Fukushima accident in Japan that soured sentiment in some countries...

  • North Korea confirms mystery woman is leader's wife

    North Korea confirms mystery woman is leader's wife

    By Ju-min Park, Reuters

    SEOUL (Reuters) - North Korea's new young leader, Kim Jong-un, is married, state media said on Wednesday, putting an end to speculation over the relationship with a woman seen at his side during...

  • War and debt: Commodities trading houses cash in

    War and debt: Commodities trading houses cash in

    By Emma Farge and Jessica Donati, Reuters

    GENEVA/LONDON (Reuters) - The Vitol oil trader dressed in heels picking her way through the armed rebels and pick-up trucks of post-war Tripoli had eyes only for the lucrative oil contracts up for...

  • Insight: China's CNOOC scoped Nexen, partnered, then pounced

    Insight: China's CNOOC scoped Nexen, partnered, then pounced

    By David Ljunggren and Denny Thomas and Michael Erman, Reuters

    (Reuters) - When Canada's Nexen Inc fired its CEO in January, an oil giant on the other side of the world sprang into action. Nexen had been on the wish list of Chinese state oil company CNOOC Ltd...

  • No damage, tsunami after 6.6 quake hits off Indonesia's Sumatra

    By Reuters

    JAKARTA (Reuters) - A strong earthquake with a magnitude of 6.6 struck off northern Sumatra in Indonesia on Wednesday, the U.S. Geological Survey said, but authorities said there was little chance of...