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...

  • Progress CEO quits, Duke chief to run combined company

    Progress CEO quits, Duke chief to run combined company

    By Michael Erman and Ernest Scheyder, Reuters

    NEW YORK (Reuters) - Duke Energy Corp, which closed its $18 billion buyout of Progress Energy this week, said Progress Chief Executive Bill Johnson had resigned and would not be taking the top job at...

  • Judge orders JPMorgan to explain withholding emails

    Judge orders JPMorgan to explain withholding emails

    By Erin Geiger Smith, Reuters

    (Reuters) - A U.S. judge has ordered JPMorgan Chase & Co to explain why the court should not force the bank to turn over 25 internal emails demanded as part of an investigation into whether it...

  • Over 1.4 million still without power from Illinois to Virginia

    Over 1.4 million still without power from Illinois to Virginia

    By Scott DiSavino, Reuters

    (Reuters) - More than 1.4 million people from Illinois to Virginia remained without power Tuesday morning after the weekend's violent storms, and a heat wave continued to bake much of the region, the...

  • Market bombs kill 44 before Iraqi Shi'ite ritual

    Market bombs kill 44 before Iraqi Shi'ite ritual

    By Imad al-Khuzaie, Reuters

    DIWANIYA, Iraq (Reuters) - Bombs killed at least 44 people at markets in Iraq on Tuesday, and authorities said they bore the hallmarks of sectarian attacks on Shi'ite Muslims by al Qaeda Sunni...

  • Insight: As banks deepen commodity deals, Volcker test likely

    Insight: As banks deepen commodity deals, Volcker test likely

    By David Sheppard and Alexandra Alper, Reuters

    NEW YORK/WASHINGTON (Reuters) - The subtext of JPMorgan's landmark deal to buy crude and sell gasoline for the largest oil refinery on the U.S. East Coast was barely disguised. In joining private...