Donald Trump’s stunning victory is already creating winners and losers in markets and governments around the world, from miners in America’s Appalachian Mountains heartened by his devotion to coal, to Mexican peso traders stunned by the selloff. Many changes will play out slowly. Others took little time to manifest. Here are some:
OPEC was already struggling to finalize a deal on production cuts this month. And then Donald Trump was elected President of the U.S.
Oil erased losses as global markets adjusted to Republican Donald Trump’s election as the 45th U.S. president.
General Electric Co. is on a years-long quest to refocus on industrial-equipment manufacturing while shedding its financial operations -- a move that hasn’t been kind to Chief Executive Officer Jeffrey Immelt’s wallet.
Raw materials and the companies that produce them were sent into turmoil as Donald Trump was poised to become the U.S. president in a shock victory over Hillary Clinton.
Ask any oil-company accountant, “what’s the difference between income and cash flow?” and they’re likely to say income makes the headlines, cash pays the bills.
In the battle for supremacy between the world’s two largest oil exchanges, one of them is enjoying a turbo charge from the U.S. government.
China, the world’s biggest clean-energy investor, lowered its solar and wind power targets for 2020, a reflection of how record installations of renewables have overwhelmed the ability of the nation’s grid to absorb the new electricity.
OPEC raised its forecast for global oil demand next year and through the end of the decade, anticipating that cheaper crude will spur consumption even as economic growth slows.
Saudi Arabia will clear all delayed payments to private sector companies by the end of the year, bringing to an end a policy that slowed growth in Arab world’s biggest economy.
Oklahoma’s oil and gas regulator plans to shut some disposal wells and reduce the volume of others as its initial response to Sunday’s earthquake near the oil hub of Cushing.
From Eni SpA to BP Plc, the biggest international oil companies are reining in capital spending for 2017 and possibly longer as they try to squeeze profits from a crude market battered by a global glut.
Eni SpA’s chief executive officer called for oil producers outside OPEC to join the group in cutting production to stabilize the market and said his company could still make money with crude at $50 a barrel.
Stocks just chalked up their longest rally since 2014, default risk is tumbling and the cash squeeze in the nation’s banking system is suddenly dissipating.
Oil investors are growing more doubtful that OPEC can seal a deal.
Iran is working on regulations to attract investment in renewable energy, according to Elham Aminzadeh, adviser to President Hassan Rouhani, as the nation considers solar, wind and hydro power as ways to diversify from regular crude-based fuel.
Saudi Arabia didn’t threaten to increase its oil production if other OPEC members wouldn’t agree to make cuts, said the group’s top official.
Oil producers in the North Sea, home to one of the world’s key crude-price benchmarks, are poised to ship the most crude in more than four years. The surge takes place just as OPEC tries to contain a global surplus with coordinated output cuts.
Oil headed for its biggest weekly loss in almost 10 months after giving up all its gains since OPEC agreed to trim output as skepticism grows over implementing the deal and as rising U.S. inventories worsen a glut.
OPEC and Russia will probably be able to reach an accord to reduce crude production and boost prices, according to Ed Morse, head of commodity research at Citigroup Inc.
Wall Street’s oil analysts are getting harder to impress.
Colonial Pipeline Co. has delayed until Sunday the expected restart of the largest U.S. fuel pipeline, which was shut earlier this week by an explosion and fire in Alabama.
The biggest bull run this decade in European gas markets has failed to sway Ukraine from its year-long boycott of Russian supplies of the fuel.
International Energy Agency Executive Director Fatih Birol said he doesn’t buy the argument that electric cars will cause oil demand to peak.
Oil rebounded from its longest losing streak in two months as uncertainty over an OPEC deal to manage output amid growing U.S. crude stockpiles and the upcoming American election kept markets volatile.
