Trump’s Paris call not a big win for oil and coal
The biggest winners in President Donald Trump’s decision to walk away from the Paris climate accord are oil, coal and natural gas producers. And even they aren’t popping Champagne corks.
Executives quit Trump council in climate fury
The business community lashed back at Donald Trump’s decision to ditch the Paris climate accord, as two high-profile executives quit the president’s advisory council and Goldman Sachs Group Inc.’s Lloyd Blankfein took to Twitter for the first time ever to express disapproval.
Old school gas sellers try new tricks to lure pickier buyers
One of the stodgier corners of the energy industry is getting more relaxed.
US residential solar slides for first time in 16 years
The U.S. residential solar market is projected to contract in 2017 after at least 16 straight years of growth, reflecting a shift in sales strategies by some major installers and increasing pressure from utilities to adjust incentives.
Exxon, Conoco support Paris deal as Trump announcement looms
President Donald Trump faces some unlikely opposition to the idea of pulling the US out of the 2015 Paris climate accord: ExxonMobil and ConocoPhillips, two of the world’s biggest oil producers.
Russia-Opec deal quickens decline of Siberian oil heartlands
Russia’s deal with OPEC has bolstered state coffers by putting a floor under crude prices, but it’s also had one unintended consequence: depressing output in the nation’s West Siberian oil heartlands.
Oil rallies as US industry stats signal 8-week stockpile drop
Oil rebounded from the lowest close in more than two weeks after industry data showed U.S. crude stockpiles extended declines, easing an inventory overhang.
Oil falls amid doubts OPEC curbs will counter shale production
Oil fell amid doubts that prolonged cuts by OPEC and its allies will succeed in clearing a surplus while U.S. output remains so resilient.
Opinion: Petrofac shows the heavy price of reputational risk
When a regulator or fraud-buster targets a company for investigation, a financial penalty is often around the corner. In the case of British oil services firm Petrofac, it's the reputational risk that's looking pricier than the potential fine.
Worst Norway offshore slump holds key lessons for top banker
Norway’s biggest bank is done comparing: The downturn in the country’s offshore services market has no precedent.
Trouble brews for OPEC as expensive deep-sea oil turns cheap
Reports of deep-sea drilling’s demise in a world of sub-$100 oil may have been greatly exaggerated, much to OPEC’s dismay.
What Noble Group has left as trader seeks way out of crisis
Noble Group is seeking a strategic investor to drag the beleaguered commodities trader out of what it calls an “incredibly difficult environment.”
Exxon squares off with shareholders in annual climate showdown
This week will be a public trial by fire for new Exxon Mobil Corp. CEO Darren Woods.
Norway bolsters oil-industry defenses against foreign takeovers
Norway is seeking greater leeway to restrict foreign ownership of its offshore fields, a move seen to be potentially targeting a growing Russian interest in its resources.
History says emerging-market carry trade can only end in tears
Investors reaping handsome returns on emerging-market currencies this year might do well to heed a warning once made by Harvard economist Jeffrey Frankel, who likened carry trading to “picking up pennies in front of a steam roller.”
Oil below $50 amid Opec deal pessimism
Oil traded below $50 a barrel after OPEC underwhelmed investors with its production-cut extension deal.
BHP CEO tells investors options for US shale unit under review
BHP Billiton Ltd. is assuring shareholders that it’s exploring numerous options for its contentious U.S. shale unit amid pressure from activist investor Elliott Management Corp. to carry out a wider review of petroleum operations.
Billionaire ex-oilman plans 1st nonstop world solar flight
The project isn’t just a stunt. The glider-style airplane with a 36-meter (120-foot) wingspan will be a test of technologies that are set to be used to build new generations of autonomous craft for the military and business, say aerospace experts. They will fly continuously, have far greater reach and control than satellites and expand broadcast, communication and spying capabilities around the globe.
OPEC committee recommends nine-month oil-cuts extension
OPEC and its allies came one step closer to agreeing to extend their oil supply deal after a ministerial committee recommended another nine months of cuts.
OPEC fails to cut global oil glut, but gets more cash anyway
At first glance, OPEC’s cuts haven’t worked -- global oil inventories remain well above normal levels. But the policy’s made a difference where it really counts: juicing the coffers of finance ministries from Baghdad to Caracas.
Mexico oil reform advances with first private well in 80 years; And it’s from the UK
For the first time in almost 80 years, a private company has sunk a new offshore oil well in Mexican waters -- the latest step in the country’s drive to allow foreign competitors back into its energy markets.
OPEC’s worst cheater will get harder to ignore as curbs falter
OPEC’s second-biggest producer is also its biggest cheater.
Noble group bonds tank as S&P flags risk of possible default
Noble Group Ltd.’s crisis deepened after S&P Global Ratings flagged a risk of default for the commodity trader within a year, triggering a rout in the company’s already-battered shares, an exchange query, and a trading halt before an announcement. Its 2020 bonds plunged to a record.
Trump proposes selling off half the US strategic oil reserve
The White House plan to trim the national debt includes selling off half of the nation’s emergency oil stockpile, part of a broad series of changes proposed by President Donald Trump to the federal government’s role in energy markets.
Saudis see all ‘on board’ to extend oil output cuts for nine months
All producers agree to extend crude output cuts by nine months to help trim a supply glut, according to Saudi Arabia’s energy minister.