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...

  • Chevron profit rises 4 percent despite output decline

    Chevron profit rises 4 percent despite output decline

    By Braden Reddall, Reuters

    (Reuters) - Chevron Corp delivered a 4 percent rise in first-quarter profit on Friday, helped by an asset sale and increases in both oil prices and refining margins that made up for a decline in oil...

  • Workers protest at Foxconn plant in China

    Workers protest at Foxconn plant in China

    By Reuters

    TAIPEI (Reuters) - Workers at a Chinese factory owned by Foxconn, Apple Inc's main manufacturer, threatened to jump off the roof of a building in a protest over wages just a month after the two firms...

  • Obama Makes the Wrong Call on Oil Speculation

    By Bruce Bartlett, The Fiscal Times

    Lately, speculators have come under attack by Barack Obama. The president blames them for raising prices on oil and gasoline, and he has proposed new restrictions on oil traders. But this is a wrong...

  • U.S. oil report seen supporting Iran sanctions

    U.S. oil report seen supporting Iran sanctions

    By Timothy Gardner and Matthew Robinson, Reuters

    WASHINGTON (Reuters) - The Obama administration is unlikely to pull back from levying sanctions against Iran oil transactions based on a government report due on Friday, which is expected to show...

  • As Natural Gas Prices Tank, Banks Call in Markers

    By EDWARD McALLISTER, Reuters

    For U.S. natural gas producers, it's the credit crisis all over again. As prices of the fuel tumble to their lowest in ten years, big lenders are set to slash credit lines to the most exposed...