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Energy

  • Puerto Rico’s Power Restoration Slowed by Miles of Downed Lines

    Puerto Rico’s Power Restoration Slowed by Miles of Downed Lines

    Only 11% of customers have electricity as the antiquated grid, the financial straits of the local government and the island’s terrain hinder the effort.

  • U.S. Shale Juggernaut Shows Signs of Fatigue

    American shale drillers, which defied expectations and upended oil markets by increasing production in the face of lower prices, are finally showing signs of slowing down.

    U.S. Shale Juggernaut Shows Signs of Fatigue
  • Mexico’s Pemex Finds Partners for Onshore Oil Fields

    Mexican state oil company Petróleos Mexicanos’ secured partners Wednesday to increase oil production at mature onshore oilfields in southern Mexico, while an auction to join forces with private companies in two offshore fields received no bids.

    Mexico’s Pemex Finds Partners for Onshore Oil Fields
  • TransCanada Ends Two Pipeline Projects, Citing ‘Changed Circumstances’

    TransCanada said it would end efforts to develop two Canadian energy pipeline projects after facing regulatory delays.

    TransCanada Ends Two Pipeline Projects, Citing ‘Changed Circumstances’
  • Oil At Two-Week Low

    Oil prices fell to a two-week low Wednesday as investors continued to cash in on last week’s bullish market and retrace crude’s upward march.

    Oil At Two-Week Low
  • Trump Has Confidence in Tillerson, White House Says

    The White House said President Donald Trump has confidence in Secretary of State Rex Tillerson, a day after Mr. Trump said the chief diplomat was “wasting his time” by trying to negotiate with North Korea.

    Trump Has Confidence in Tillerson, White House Says
  • Oil Falls on Production Surge

    Oil prices pulled back, weighed down by a strong dollar and data pointing to rising global production.

    Oil Falls on Production Surge
  • Oil Prices Bounce Back in Third Quarter

    Oil investors got a reprieve from falling oil prices in the third quarter, thanks to unexpectedly strong demand for crude and signs of ebbing U.S. production.

    Oil Prices Bounce Back in Third Quarter
  • Energy Department Urges Pricing Shift That Could Bolster Coal, Nuclear

    The Trump administration is urging independent energy regulators to change how electricity is priced, proposing new rules that would bolster revenue for coal-fired and nuclear power plants.

    Energy Department Urges Pricing Shift That Could Bolster Coal, Nuclear
  • Crude Oil Turns Lower as Rally Stalls

    Oil prices moved into the red, erasing much of this week’s gains as investors took profits.

    Crude Oil Turns Lower as Rally Stalls
  • Chevron Names Michael Wirth Chairman, CEO

    Chevron named Michael Wirth, an engineer and longtime operator of a vast network of refining and pipeline assets, as its next chief executive.

    Chevron Names Michael Wirth Chairman, CEO
  • Origin Energy to Sell Lattice Energy Unit

    Australia’s Origin Energy Ltd. is selling its conventional oil and gas production business for $1.24 billion to slash debt and focus more on exports of chilled coal seam gas to Asia.

    Origin Energy to Sell Lattice Energy Unit
  • Australia Backs Down on Limiting Gas Exports

    Australia’s government held back from imposing curbs on exports of liquefied natural gas after producers agreed to put more gas into the domestic market to ease energy shortages.

    Australia Backs Down on Limiting Gas Exports
  • Iraq, Turkey Threaten Kurdistan’s Oil Boom After Controversial Independence Vote

    Iraqi Kurdistan’s independence referendum prompted Turkish President Recep Tayyip Erdoğan to threaten to cut off the region’s petroleum exports and Baghdad to call for a de facto boycott of Kurdish crude.

    Iraq, Turkey Threaten Kurdistan’s Oil Boom After Controversial Independence Vote
  • Puerto Rico’s Power Woes Are Decades in the Making

    As residents of Puerto Rico grapple with power outages across all of the island, the task of turning the lights back on falls to an electrical utility beset by rickety infrastructure, workforce reductions and deep financial woes.

    Puerto Rico’s Power Woes Are Decades in the Making
  • China to Cut Oil Exports to North Korea

    China said it will reduce oil exports to North Korea in accordance with United Nations sanctions, squeezing an important source of economic support as Pyongyang pushes to build up its nuclear arsenal.

    China to Cut Oil Exports to North Korea
  • Government Agency Backs Import Protection for U.S. Solar-Panel Industry

    President Trump’s pledge to offer American companies more aggressive protection from foreign competition got fresh ammunition Friday, when a government board cleared the way for him to deploy a long-dormant legal weapon to restrict solar panel imports.

    Government Agency Backs Import Protection for U.S. Solar-Panel Industry
  • Oil Prices Little Changed After OPEC Meeting

    Oil prices wobbled between small gains and losses after the Organization of the Petroleum Exporting Countries and its allies didn’t make a recommendation on whether the group should extend its oil cuts.

    Oil Prices Little Changed After OPEC Meeting
  • OPEC’s ‘Problem Children’ Are Holding Down Oil Prices

    Rising output in strife-torn Libya and Nigeria is threatening the cartel’s bid to cut off oil supplies and balance the market.

    OPEC’s ‘Problem Children’ Are Holding Down Oil Prices
  • Technology May Remake Transport Yet Again

    Mark Mills says there are no big technology gains possible given the physics we know today. Yes, and in 1963 we didn’t begin to have the technology to go to the Moon.

    Technology May Remake Transport Yet Again