Oil Prices Push Past $50 A Barrel For The First Time Since October
Supply disruptions in Canada, Libya and Nigeria continue to shrink a global supply glut that has weighed on oil markets for almost two years.
Venezuela Crisis 2016: Coca-Cola Sugar Shortage Latest Blow To Big Companies Operating In Country On Brink Of Collapse
Global giants from Coca-Cola to Procter & Gamble and Halliburton have delayed or ceased operations amid the deepening economic crisis.
Brexit Polls 2016: Total CEO Says UK Exit From EU Would Have Limited Business Impact, But British Energy Executives Warn Of Disruption
“I don’t want to step into the U.K. debate,” Total CEO Patrick Pouyanne said. “Being the chairman of a global company, we would like to have fewer borders.”
Brazil’s Government To Announce Plans To Curb Spending And Slash Debt, Finance Minister Says
Latin America’s largest economy, which shrank 3.8 percent last year, is in its worst recession in two decades and facing political turmoil.
US Remained Top Petroleum, Natural Gas Producer In The World In 2015
America produced more petroleum and natural gas hydrocarbons than any other nation in 2015, beating out Saudi Arabia and Russia, thanks in part to advances in fracking.
General Electric Co. (GE) To Invest $1.4B In Oil-Dependent Saudi Arabia
The Connecticut-based conglomerate said it will invest in multiple projects in oil-rich Saudi Arabia as officials seek to diversify the economy.
Volkswagen Group (VLKAY) Gives 120,000 Workers A Healthy Raise Despite Emissions Cheating Scandal
Still facing fallout over its emissions cheating fraud, the German auto giant says it negotiated a deal with a major labor union.
Oil Prices Hold Flat As Outages In Canada, Nigeria Temper Global Supply Glut
Supply disruptions in Canada, Nigeria and Libya helped soften the global crude glut, but brimming inventories kept prices from rising further.
Obama Administration Coal Mining Review Could Reshape Long-Suffering US Industry
The White House is reviewing a decades-old federal coal-leasing program. The outcome could help taxpayers but cost coal miners.
Norway To Open Virgin Arctic Waters To Offshore Oil And Gas Exploration
Despite protests, the Norwegian government said Wednesday it had awarded licenses for oil exploration in parts of the Arctic Barents Sea.
Americans Are Pessimistic About US Economy But Upbeat About Their Personal Finances, Survey Shows
Two-thirds of Americans said their own households are faring well, but just 42% described the U.S. economy as good, a new survey has found.
Canada Wildfires: Plans To Restart Alberta Oil Sands Operations Near Fort McMurray Abandoned As Fire Spreads
A fresh flare-up in the blazes ripping across Western Canada is forcing oil sands producers to abandon plans to restart production.
California Oil Spill: Plains All American Pipeline Faces Criminal Charges For Massive 2015 Crude Leak Near Santa Barbara
State prosecutors said they have indicted Plains All American Pipeline and an employee in connection with 2015's Santa Barbara spill.
SandRidge Energy Inc. Becomes Latest Victim Of Oil Price Crash As Energy Sector Bankruptcies Pile Up
Despite a recent rise in prices, SandRidge Energy has become the latest North American driller to feel the effects of market disruption.
Obama Asia Trip 2016: President Obama’s Vietnam Visit Signals Tighter Economic Ties With Former Wartime Foe
Tensions with China are pushing the U.S. and Vietnam closer together. President Obama will visit Hanoi, Vietnam’s capital, during his Asia trip.
Airlines See Fewer Delays And Cancellations In March, And Customers Are Happier
Transportation officials say U.S. airlines cancelled or delayed fewer flights and their customers complained less than in the same month a year ago.
US Oil Prices Hit A 2016 High As Supply Shortfall Looms
U.S. crude surged Monday amid production disruptions in Canada and Nigeria and fears of a supply shortfall.
West Virginia Primary 2016: Donald Trump Seizes Coal Country Voters On Promise To Revive Hard-Hit Industry
Donald Trump is gaining support in Appalachian communities hurt by falling U.S. coal production.
Canada Wildfire Updated: Blazes In Fort McMurray, Alberta, Knocked Out One-Third Of Canada's Daily Crude Capacity
Fires blazing near Fort McMurray, Alberta, forced oil producers to shutter at least 690,000 barrels per day in crude capacity.
Exxon Mobil Corp. (XOM) Backing Fuel Cell Technology To Clean Up Carbon Emissions In Power Plants
The U.S. oil and gas giant said Thursday it is backing a novel fuel-cell technology to reduce carbon dioxide emissions from power plants.
Global Warming And Water Scarcity Could Cause Economies To Shrink By Mid-Century: World Bank Report
The World Bank said countries in large swathes of the world could shrink by up to 6 percent by 2050 due to water scarcity and climate change.
Silicon Valley Diversity Problem: Female Leaders Launch ‘Project Include’ To Diversify Tech Industry’s Workforce
A group of eight prominent women in Silicon Valley have launched "Project Include" to bring more racial and gender diversity to the tech industry’s workforce.
Fort McMurray Wildfires: Canadian Oil Sands Producers Cut Output As Alberta Fires Rage
Fires in Canada's western Alberta province have forced the evacuation of 80,000 residents and prompted some oil producers to curb output.
Martin Shkreli, Ex-Turing Pharmaceuticals CEO, Could Face New Securities Fraud Charges, Prosecutor Says
In addition to wire fraud charges, former drug company CEO Martin Shkreli could face securities fraud charges, authorities said Tuesday.
ArcelorMittal (MT) Earnings Preview: Steel Industry Outlook Brighter In 2016, But Risks From China Exports Remain
Investors are watching for signs of recovery in the steel industry as ArcelorMittal, the world’s largest steel company, reports earnings Friday.
Puerto Rico Debt Crisis: Government Development Bank Reaches Tentative Deal With Creditor Group After $422M Default
The island’s Government Development Bank announced the deal just hours after saying it would skip a $422 million payment due Monday.
Oracle Corp. (ORCL) To Tap US Utility Transition With Purchase Of Energy Efficiency Developer Opower Inc. (OPWR)
The U.S. software giant said Monday it would acquire Opower Inc. for $548 million in cash. Opower helps utilities boost energy efficiency.
Puerto Rico Debt Crisis: Entrepreneurs Hope To Reinvent Island’s Economy Despite Looming Defaults
A new class of self-starters, like design consultant Angiemille Latorre, is hoping to reverse the fate of Puerto Rico’s debt-saddled economy.
Chevron Corp. (CVX) Posts First-Quarter Loss On ‘Weaker’ Industry Conditions Amid Rough Oil Market
America’s No. 2 oil producer reported a loss of $725 million Friday amid a challenging oil market.
Exxon Mobil Corp. (XOM) Earnings Plunge 63% In First Quarter On Lower Crude Prices And Weak Refining Margins
The global energy giant says lower crude prices and weak refining margins dragged its first-quarter earnings down to $1.8 billion.
