Obama To Withdraw Plan For Offshore Drilling On US Atlantic Coast: Report
The decision, which could come as soon as Tuesday, follows an outpouring of opposition from coastal communities from Virginia to Georgia.
Iran Won’t Consider Oil Production Freeze Until Its Output Tops 4 Million Barrels Daily: Report
Despite the global oversupply, Iran has accelerated production as it seeks to recover the output it lost under Western sanctions.
International Energy Agency Says Oil Price May Have Bottomed As Shrinking US Supply Erodes World’s Crude Glut
The price of oil may have already bottomed as shrinking global supplies — particularly from the U.S. — erode the world’s glut of crude, the International Energy Agency says.
Obama And Canada’s Justin Trudeau Vow To Tackle Methane Emissions From Oil And Gas Sector
The leaders of the United States and Canada have vowed to fight climate change. Here’s a closer look at their plans.
Coal Power Waning: Nearly 5% Of US Capacity Retired In 2015 As Aging Plants Lose Ground
Utilities retired nearly 5 percent of U.S. coal power capacity last year, including plants built more than six decades ago.
Ousted NRG Energy Inc. CEO David Crane Doubling Down On His Clean Energy Vision
David Crane, a former CEO of power company NRG Energy, says his next project might involve turning homes into mini power plants.
Porsche, TAG Heuer Cut Ties With Maria Sharapova After Tennis Star Failed Australian Open Drug Test Due To Meldonium
Porsche and TAG Heuer joined Nike in distancing themselves from Russian tennis star Maria Sharapova, who admitted Monday to failing a drug test.
OPEC Targets $50 Oil Price Anchor To End Crude Rout: Report
The global cartel is privately considering a new oil price equilibrium of $50 a barrel, according to one of the industry’s leading prognosticators.
Brazil Clean Energy Dreams Dashed As Country’s Recession Deepens
Brazil’s mounting economic troubles are making it increasingly difficult for the government to reach its ambitious clean energy goals, analysts say.
Ohio’s Miners Seek A Life After Coal As Industry Loses Steam in Appalachia
Ohio’s coal workers are hanging up their hard hats and learning new trades as layoffs pile up in Appalachia’s coal mines.
ConocoPhillips Says Low Oil Prices Won’t Stop It From Drilling In The Alaskan Arctic
The Houston oil and gas producer said it is drilling for oil in the Alaskan Arctic despite the recent crash in oil prices.
Embattled Ex-Chesapeake CEO Aubrey McClendon, Who Helped Fuel The US Shale Revolution, Dies In Car Wreck
The former CEO of Chesapeake Energy, considered the leader of the U.S. shale revolution, had been charged with conspiring to rig bids for oil and gas leases.
Looking To Buy A Mine? It's A Buyer's Market As Plunging Commodities Prices Force Mining Companies To Sell Assets
There’s a fire sale going on in the global mining sector, with companies offloading assets amid plunging prices for commodities and sluggish growth in China.
Glencore PLC (GLEN) Posts $5 Billion Loss As Commodity Price Slump Slams Mining Companies
The Swiss mining and trading giant's earnings plunged 32 percent last year to $8.7 billion as global prices for metals and crude oil plummeted.
Oil Giant Pemex Losses Top $30 Billion On Price Plunge, Spending Cuts, Mexican Company Says
The state-owned Mexican energy giant said it lost $9.3 billion in the fourth quarter last year as oil prices plunged and output declined.
Low Oil, Natural Gas Prices Driving A Building Boom In US Petrochemicals Sector: Report
Energy companies proposed or received approval to build 44 petrochemical projects last year, a report published Monday has found.
Argentina Signs $4.65 Billion Deal In Principle With Main Holdout Creditors
The agreement would resolve a messy, 15-year-old legal battle with the South American nation and global hedge funds.
Aliso Canyon Gas Leak Caused The Largest US Methane Release Ever: Study
How much methane spewed from a four-month leak near Los Angeles? The equivalent of a year's worth of exhaust from 500,000 cars, a study says.
US Durable Goods Orders See Strong Recovery In January After December's Declines
Americans ordered more durable goods in January, delivering the largest jump in new orders in 10 months, the U.S. Commerce Department said.
First-Ever US Shale Gas Export To Hit Brazil's Shores With Sabine Pass LNG Shipment
Cheniere Energy will soon ship liquefied natural gas from Louisiana to Brazil in what is believed to be the first export of U.S. shale gas.
EU Brexit 2016: British Pound Falls Past $1.39 To Seven-Year Low As Fears Of Exit Deepen
The sterling fell below $1.40 for the first time since 2007 amid growing fears of a so-called Brexit from the European Union.
Saudi Oil Minister Ali Al-Naimi Wades Into Price Debate, Denying ‘War’ On US Shale Production In IHS CERAWeek Speech
Ali Al-Naimi struck a conciliatory tone at a Houston oil conference Tuesday, saying Saudi Arabia has not declared “war” on U.S. shale oil producers.
Iran’s Oil Minister Calls Crude Production Freeze ‘A Joke’ In Strongest Critique Of Saudi Arabian Proposal
Tehran’s top oil official Tuesday rejected a proposal by Saudi Arabia and Russia to freeze crude oil production and boost prices.
US Election 2016: Democratic Proposals To Ban Drilling On Federal Lands Would Hamper US Oil Output
The Democratic presidential hopefuls have vowed to halt new leases for crude oil and natural gas drilling on federal lands, which could limit future U.S. output.
US Solar Projects Hit Record High In 2015, Outpacing New Natural Gas Capacity: Report
U.S. solar power companies added nearly 7,300 megawatts of new photovoltaic projects in 2015, an all-time high for the sector, a report has found.
Oil Prices Surge On Falling US Shale Output, Rebalancing Supplies In IEA Oil Market Report
The International Energy Agency said it expects U.S. oil output will drop this year and next before surging to an all-time high in 2021.
Venezuela Pushing For OPEC Oil Production Deal As Slumping Prices Erode Government Revenue
Low crude prices are hurting the nation's economy, so Oil Minister Eulogio Del Pino is trying to convince other producer nations to shore up prices.
Anglo American (AAL) Credit Rating Cut To Junk Status Again On Uncertainty Over Restructuring Plan
Fitch Ratings downgraded the London mining giant to BB+ Wednesday on concerns over the company's plan to sell its iron ore and coal assets.
CBS Republican Presidential Debate: Donald Trump Jumps On Jeb Bush For 'Moon' Comments
At the GOP debate in South Carolina Saturday, Donald Trump revived Jeb Bush's remark that he'd "moon" the crowd.
Obama To Nominate Successor To Justice Antonin Scalia ‘In Due Time’
The president addressed the nation from California on Saturday following the death of Supreme Court Justice Antonin Scalia.