Chinese officials are trying anew to slow an unprecedented money exodus from the country, clamping down on individuals seeking to flee the yuan and making life tougher for companies that Continue Reading
The radioactive rubble has been cleared. Poured concrete has covered the toxic dust. And many workers have traded hazmat suits for surgical masks. Five years ago, a massive earthquake spawned Continue Reading
Petroleum exploration activity in Australia has collapsed in the wake of the plunge in global oil prices over the last 18 months, a period in which the country’s crude production Continue Reading
North Sea Brent crude oil prices averaged $32/barrel (b) in February, a $1/b increase from January. Brent crude oil prices are forecast to average $34/b in 2016 and $40/b in Continue Reading
The Lower 48 states had its warmest winter in 121 years of record-keeping, NOAA announced this morning. Temperatures averaged over the country between December and February were nearly five degrees Continue Reading
The U.S. Energy Department lowered its price expectations for the global Brent crude contract this year and next, saying it expected supplies to grow more than previously anticipated because robust Continue Reading
The Canadian unit of Exxon Mobil Corp. said Tuesday it has agreed to sell its remaining company-owned retail gas stations in Canada to five fuel distributors. Imperial Oil Ltd. said Continue Reading
U.S. companies are cutting emissions voluntarily and buying clean energy at the fastest pace ever, as lower renewable energy prices and easier availability of these sources makes these economical options. Continue Reading
Oil Could Reach $50 By End of 2016 Production to drop to 8.19 million barrels a day in 2017: EIA U.S. crude production will fall to its lowest since 2013 Continue Reading
Chevron Corp. on Tuesday again pared its capital spending budget for next year as the second-biggest U.S. oil company contends with depleted oil and natural gas prices. Chevron is targeting Continue Reading
