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...

  • Saudi king seeks successor as crown prince buried

    Saudi king seeks successor as crown prince buried

    By Angus McDowall, Reuters

    RIYADH (Reuters) - Saudi Arabia's elderly king led funeral prayers on Sunday for his heir, Crown Prince Nayef, whose death forces him to find a new successor capable of tackling domestic unemployment...

  • Analysis: Obama's Asia "pivot" advances, but obstacles await

    Analysis: Obama's Asia "pivot" advances, but obstacles await

    By Paul Eckert, Reuters

    WASHINGTON (Reuters) - An intense fortnight of top-level U.S. engagement with Asian countries from powerful India to tiny Singapore has highlighted President Barack Obama's seriousness about...

  • Nokia to cut one in five jobs

    Nokia to cut one in five jobs

    By Tarmo Virki, Reuters

    PARIS (Reuters) - Nokia plans to cut one in five jobs at its global cellphone business as it loses market share to rivals Apple and Samsung and burns through cash, raising new fears over its future...

  • Magnitude 4.1 earthquake shakes southern California

    By Reuters

    LOS ANGELES (Reuters) - A 4.1 magnitude earthquake struck Southern California on Wednesday evening, but there were no immediate reports of damage or injury. The temblor hit at 8:17 p.m. local time...

  • Bolting Bovine Replaces Germany's Oracle Octopus

    By Reuters

    Could a runaway celebrity cow replace the late Paul the "oracle" octopus as the next animal with the ability to foretell the fortunes of Germany's national soccer team?