U.S. and China said to appear close to deal to roll back tariffs
The United States and China appear close to a deal that would roll back U.S. tariffs on at least $200 billion worth of Chinese goods, as Beijing makes pledges on Continue Reading
Xi Jinping Works to Stifle Dissent Amid Concerns About China’s Economy
President Xi Jinping, battling a persistent downturn in China’s economy, is trying to gird his rule by demanding absolute loyalty from the Communist Party in an effort to stifle simmering Continue Reading
Coal ash contaminates groundwater near most U.S. coal plants: study
More than 90 percent of U.S. coal-fired power plants that are required to monitor groundwater near their coal ash dumps show unsafe levels of toxic metals, according to a study Continue Reading
Shale Companies, Adding Ever More Wells, Threaten Future of U.S. Oil Boom
Shale companies’ strategy to supercharge oil and gas production by drilling thousands of new wells more closely together is turning out to be a bust. What’s more, the approach is Continue Reading
U.S., China Close In on Trade Deal
China and the U.S. are in the final stage of completing a trade deal, with Beijing offering to lower tariffs and other restrictions on American farm, chemical, auto and other Continue Reading
Oil lobby group opposes carbon tax backed by biggest members
Proposals to tax greenhouse gas emissions have been attacked by the head of the US oil refinery trade group even though the idea has support from some of his largest Continue Reading
Activist Investors Force Change In The Oil Industry
The oil industry is kind of stuck between a rock and a hard place. Investors are growing impatient with even the largest oil companies, as the FT reported. In the Continue Reading
OPEC Chief: U.S. Shale Helped Avert Total Chaos In Oil Markets
The U.S. shale revolution helped avert a “major, major energy chaos” in the world, OPEC’s Secretary General Mohammed Barkindo said in a somewhat puzzling interview with CNBC this week. Barkindo Continue Reading
Weak US manufacturing report sends crude lower, halting overnight rally; NYMEX WTI down to $56.56/b, ICE Brent $65.39/b
A weaker-than-expected US manufacturing report halted an early-session crude oil price rally and swung futures into negative territory in midmorning trading Friday. Receive daily email alerts, subscriber notes & personalize Continue Reading
Oil falls 2 percent as demand worries overtake supply cuts
Oil prices settled down about 2 percent on Friday, ending around 3 percent lower on the week as concerns over global demand growth after weak U.S. manufacturing data overshadowed OPEC-led Continue Reading