Economic Concerns Keep Oil Prices Low
Oil prices continued a three-day decline Tuesday on concerns that a slow global economy would lead to weak demand. All together, prices have fallen some 6% since late last week.
energy
Ford to Introduce Electric Focus in Key U.S. Markets in Late 2011
The automaker plans to roll out its first all-electric passenger car in 20 U.S. cities late next year.
Could Japan Hold the Key to Asia's Rising Consumers?
Although Japan's stock market has been weak for the last 20 years, there are signs that a shift may be under way that could transform that nation into the gateway to Asia's emerging-market consumers. For patient investors looking for a contrarian play with huge upside potential, it's time to re-examine Japan.
Natural Gas Firm Exco Gets $4.4 Billion Offer to Go Private
Natural gas prices have been persistently sluggish lately, but it looks like deal-making is revving up: The latest offer comes from the CEO of Exco Resources, Douglas Miller, who has offered to buy the energy company for $20.50 per share or about $4.4 billion.
Delayed and Shrinking: Masdar City Scales Back Its Clean-Energy Plans
Masdar, the $22 billion green city that United Arab Emirates capital Abu Dhabi is building in the desert just outside its borders, has canceled its plans to generate all of its own clean energy and to emit zero carbon -- and says it's running at least four years behind schedule.
Oil Prices Soar to Five-Month High
Oil prices reached their highest point in five months due to the combination of a weakening dollar, an interest-rate cut in Japan, a strike by French workers and a barge crash that closed off a Texas shipping route.
Chevron Stock Rises on Share Repurchase Plan
Oil giant Chevron said it will purchase as much as $1 billion of its common stock in the fourth quarter -- a move its CFO chalks up to "ongoing capital discipline and strong cash flows."
Alstom to Power Down Its Power Plant Work Force
In a sign that large fossil-fuel power plants may be falling out of favor, French engineering company Alstom on Monday announced plans to cut 4,000 jobs in the next 17 months. Alstom cited low demand for its coal and natural-gas plants. Its renewable-energy operations won't be affected by the cuts.
BP Relief Well Reaches Macondo Well
BP's (BP) relief well reached intercepted the Macondo well, putting engineers in a position to permanently plug the well that spewed out millions of barrels of oil into the Gulf of Mexico. The relief well intercepted the Macondo well late last night, Reuters reported. The next step will be to pour in cement near the bottom of the well, some 2.5 miles below the seabed.
Mariner Energy: The Company Behind the Gulf's Latest Oil Scare
The recent fire at an oil production platform in the Gulf of Mexico has brought unexpected focus on the platform's owner, Mariner Energy. Here's more on a company that isn't well known outside oil circles.
Ex-GM CEO Fritz Henderson to Lead Sunoco Spin-Off
Former General Motors CEO Frederick "Fritz " Henderson has found a new job, but not within the auto industry. Energy giant Sunoco has tapped Henderson to lead SunCoke Energy, a spin-off it is forming early next year, the company said Thursday.
