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...

  • Apple blames rare miss on new iPhone anticipation, economy

    Apple blames rare miss on new iPhone anticipation, economy

    By Poornima Gupta, Reuters

    SAN FRANCISCO (Reuters) - Apple Inc results fell short of Wall Street's lofty expectations as a sagging European economy and a pause in iPhone sales ahead of a new version saw revenues slip from the...

  • Europe worries temper companies' profit outlook

    Europe worries temper companies' profit outlook

    By Nick Zieminski and Scott Malone, Reuters

    NEW YORK/BOSTON (Reuters) - Worries about a slowing global economy crimped corporate spending in the second quarter, leaving the chief executives of top U.S. companies including United Parcel Service...

  • Iraq blacklists Chevron for Kurdish oil deals

    Iraq blacklists Chevron for Kurdish oil deals

    By Ahmed Rasheed, Reuters

    BAGHDAD (Reuters) - Iraq hit out at Chevron Corp over its just-signed oil contract with Kurdistan, barring it from any oil agreements with the central government in a move meant to deter other...

  • Apple claims $2.5 billion damages in Samsung patent case

    Apple claims $2.5 billion damages in Samsung patent case

    By Jonathan Stempel, Reuters

    (Reuters) - Apple Inc claims it is entitled to $2.525 billion of damages in its high-stakes battle against Samsung Electronics Co over patents for technology used in smartphones and tablets, such as...

  • Iran launches its first home built oil tanker

    By Reuters

    DUBAI (Reuters) - Iran launched its first domestically-produced aframax oil tanker, Iranian media reported on Tuesday, sidestepping growing Western sanctions which have targeted oil exports and...