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Category: Energy


Energy, Industries

Failure to Tackle Climate Change Will Mean Economic Disaster, UN Chief Says

December 12, 2019

Via: Fortune

United Nations Secretary-General Antó nio Guterres urged countries and companies Thursday to tackle climate change, saying failure to do so would mean “economic disaster.” Speaking at the annual U.N. climate meeting in Madrid, Guterres said fears that measures to cut […]


Energy, Industries

Saudi Aramco Shares Surge in Trading Debut

December 11, 2019

Via: The New York Times

Shares of Saudi Aramco surged in their trading debut on Wednesday, further solidifying the oil giant’s status as the world’s most valuable company and bringing it closer to achieving the Saudi royal family’s aim of making it a $2 trillion […]


Energy, Industries

OPEC nations grapple with oversupply of oil

December 4, 2019

Via: ABC News

The world may be heading for an even greater oversupply of oil, and that possibility — which could drive down fuel and energy prices — is hanging over members of the OPEC cartel as they head into negotiations Thursday. The […]


Energy, Industries

Oil prices extend rally as cautious trade-pact optimism provides a floor

November 27, 2019

Via: Market Watch

Oil prices edged higher Wednesday, on a path for a fifth gain out of six sessions, as cautious optimism for a trade pact between the U.S. and China has propped up commodities prices and sent stock markets to records. Crude-market […]


Energy, Industries

Oil pulls back from 2-month high, but on track for weekly gain

November 22, 2019

Via: Market Watch

Oil futures pulled back modestly Friday from a two-month high, but remained on track for a weekly rise on growing expectations the Organization of the Petroleum Exporting Countries and its allies will agree to extend production cuts when they meet […]


Energy, Industries

Oil struggles to build on last week’s gains

November 18, 2019

Via: Market Watch

Oil futures edged lower in quiet trade Monday, as bulls struggle to build on gains seen last week on rising optimism over prospects for a so-called phase one U.S.-China trade deal. West Texas Intermediate crude for December delivery CLZ19, -0.83% […]


Energy, Industries

Why U.S. Miners Are Still Digging New Mines as Coal Prices Plunge

November 12, 2019

Via: Fortune

As coal prices tumble and bankruptcies rise, a few U.S. miners are still pushing ahead with plans to expand. Arch Coal Inc. and Consol Energy Inc. remain on track to open new mines to dig steelmaking, or metallurgical, coal from […]


Energy, Industries

California Power Outages Hit Small Businesses—But Bolster Generator Companies

November 8, 2019

Via: Fortune

California’s power woes are making things worse for small business owners—but business is booming for the makers of backup generators. Across the state, hundreds of thousands of small businesses lost power in multi-day outages during the month of October. The […]


Energy, Industries

Oil pops 1.2% as U.S. and China agree to phase out some tariffs if deal done

November 7, 2019

Via: Market Watch

Oil futures finished climbed on Thursday after China and the U.S. agreed to lift existing tariffs if a partial trade deal is struck soon, signaling that trade talks are progressing and providing an upbeat backdrop for crude demand. West Texas […]


Energy, Industries

Energy Companies Say the Oil Glut—and Shrinking Profits—Aren’t Over Yet

November 4, 2019

Via: Fortune

Over the weekend, Saudi Aramco, the Kingdom’s state oil company announced it will go public at last. But as the latest round of oil industry earnings showed—ExxonMobil, the final major to report third quarter earnings, did so on Friday—Aramco will […]