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...

  • SEC starts probe of Chesapeake CEO's well stakes

    SEC starts probe of Chesapeake CEO's well stakes

    By Ernest Scheyder and Brian Grow, Reuters

    NEW YORK (Reuters) - The Securities and Exchange Commission has opened an informal inquiry into Chesapeake Energy Corp's controversial program that granted Chief Executive Aubrey McClendon a share in...

  • Production growth lifts Shell; Exxon falls short

    Production growth lifts Shell; Exxon falls short

    By Reuters

    (Reuters) - Quarterly earnings from the top two publicly traded oil companies on Thursday showed clearly both the challenge and potential gains of growing output, with Exxon Mobil Corp falling short...

  • Dow Chemical profit beats Street, but sales miss

    Dow Chemical profit beats Street, but sales miss

    By Ernest Scheyder, Reuters

    (Reuters) - Solid sales of herbicides and other agricultural products helped Dow Chemical Co's first-quarter profit beat Wall Street's expectations, but lower-than-expected revenue pushed shares down...

  • GE annual meeting interrupted by 99 Percent protesters

    GE annual meeting interrupted by 99 Percent protesters

    By Scott Malone, Reuters

    DETROIT (Reuters) - Nearly 100 protesters affiliated with the "99 Percent" populist movement disrupted General Electric Co's annual shareholders' meeting on Wednesday in an attack on the largest U.S...

  • Analysis: U.S. firms may miss out as Saudi nuke plan advances

    Analysis: U.S. firms may miss out as Saudi nuke plan advances

    By Amena Bakr, Reuters

    DUBAI (Reuters) - Top oil exporter Saudi Arabia expects to finalize its atomic energy plans this year but the U.S. nuclear industry may miss out on multi-billion dollar contracts to turn it into a...