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...

  • Iranian Oil Faces Cyber Attack

    By Reuters

    Iran is investigating a suspected cyber attack on its main oil export terminal and on the Oil Ministry itself, Iranian industry sources said on Monday.

  • How Gas Prices Are Still Slamming Small Business

    By Michelle Hirsch, The Fiscal Times

    Like most Americans, Susan Zappa says $4-a-gallon gas is weighing heavily on her finances. Aside from the extra money she shells out just to make trips to the grocery store in her hometown of...

  • CORRECTED: Spain has few ways to pressure Argentina over YPF

    By Fiona Ortiz, Reuters

    MADRID (Reuters) - Spain has threatened to retaliate against Argentina for nationalizing a Spanish energy firm, but Madrid will find it hard to put real pressure on a maverick nation that has been...

  • BP sues Bridas on $7 billion South American deal collapse

    BP sues Bridas on $7 billion South American deal collapse

    By Jonathan Stempel, Reuters

    (Reuters) - BP Plc sued Argentina's Bridas Corp on Monday over a collapsed $7.06 billion asset sale, saying it is willing to pay a $700 million breakup fee so long as it will not face fraud claims...

  • Stronger earnings prove pessimists wrong

    By Caroline Valetkevitch, Reuters

    NEW YORK (Reuters) - Wall Street may have written off corporate America too quickly. In the early stages of the first-quarter reporting season, companies have beaten earnings forecasts at a rate of...