Petroleos de Venezuela SA cut 2015 capital spending as the state oil company grappled with crude prices that last month extended a decline to the lowest in almost 13 years. Continue Reading
Goodyear Tire & Rubber became the latest big US company to detail damage from Venezuela’s financial crisis when the automotive tyre manufacturer reported a $646m charge against fourth-quarter earnings. Laura Continue Reading
A division of the World Meteorological Organization criticized an Australian move to cut staff from a conservation division as worrisome. The Australian Commonwealth Scientific and Industrial Research Organization, tasked in Continue Reading
China’s role as a big oil consumer has become a crucial factor in energy markets in recent years. Now, its role as a major producer is gaining attention as well. Continue Reading
Heavy smog is forecast to hit Beijing from Wednesday to Friday as the air is stagnant, making it unfavorable for diffusing pollution such as fireworks smoke. The municipal environment monitoring Continue Reading
Retail gasoline price movements may buck historic trends and not move up dramatically on seasonal pressures, motor club AAA reports. Retail gasoline prices fell on average about a half percent Continue Reading
A Texas energy regulator struck a note similar to the struggling industry, saying the state’s oil sector is positioned for a rebound once markets improve. Texas Railroad Commissioner Christi Craddick, Continue Reading
The extra yield investors are demanding to hold U.S. high-yield energy company debt has soared to the highest level in more than four years as Goldman Sachs Group Inc. said Continue Reading
Will Americans ever see $1-a-gallon gasoline again? In some parts of the U.S., the answer could soon be yes. The price of crude oil—the main expense in generating fuels like Continue Reading
President Barack Obama is proposing more than $300 billion in new taxes on the oil industry and a doubling of clean-energy funding, two proposals that make the budget released Tuesday Continue Reading
